PGYWW - Pagaya Technologies Ltd. (PGY) Q1 2024 Earnings Call Transcript
2024-05-09 14:29:06 ET
Pagaya Technologies Ltd. (PGY)
Q1 2024 Earnings Conference Call
May 9, 2024 8:30 AM ET
Company Participants
Jency John – Head-Investor Relations
Gal Krubiner – Chief Executive Officer
Sanjiv Das – President
Evangelos Perros – Chief Financial Officer
Conference Call Participants
John Hecht – Jefferies
Joseph Vafi – Canaccord Genuity
Michael Legg – Benchmark
David Scharf – Citizens JMP
Hal Goetsch – B. Riley
Steven Kwok – KBW
Presentation
Operator
Good day, and welcome to the Pagaya 1Q 2024 Earnings Conference Call. All participants will be in the listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.
I would now like to turn the conference over to Jency John, Head of Investor Relations. Please go ahead.
Jency John
Thank you, and welcome to Pagaya’s first quarter 2024 earnings conference call. Joining me today to talk about our business and results are Gal Krubiner, Chief Executive Officer of Pagaya; Sanjiv Das, President; and Evangelos Perros, Chief Financial Officer. You can find the materials that accompany our prepared remarks and a replay of today’s webcast on the Investor Relations section of our website at investor.pagaya.com. Our remarks today will include forward-looking statements that are based on our current expectations and forecasts and involve certain risks and uncertainties.
These statements include, but are not limited to, our competitive advantages and strategy, macroeconomic conditions and outlook, future products and services and future business and financial performance, including our financial outlook for the second quarter and full year of 2024. Our actual results may differ from those contemplated by these forward-looking statements.
Factors that could cause these results to differ materially are described in today’s press release and filings and in our Form 10-K filed on April 25, 2024, with the U.S. Securities and Exchange Commission as well as our subsequent filings made with the SEC.
Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. Additionally, non-GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin, adjusted net income, fee revenue less production costs or FRLPC, FRLPC margin and core operating expenses will be discussed on the call....
Pagaya Technologies Ltd. (PGY) Q1 2024 Earnings Call Transcript