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Why Pagaya Stock Exploded Higher Today

The Motley Fool Logo The Motley Fool By Rich Smith
Why Pagaya Stock Exploded Higher Today

Pagaya Technologies reported strong Q3 financial results, beating earnings forecasts and showing significant improvement from last year, with record performance metrics and positive cash flow.

Insights
O   positive

112 consecutive quarterly dividend increases, 5.5% forward dividend yield, monthly dividend payments, 13.5% total annual returns since 1994


PGY   positive

Company demonstrated substantial financial improvements, including 19% surge in payments volume, 36% revenue growth, transition from negative to positive earnings, and generation of $148 million in positive free cash flow