Pagaya Technologies Ltd. (NASDAQ:PGY) Q1 2023 Earnings Conference Call May 16, 2023 8:30 AM ET

Company Participants

Jency John - Head, Investor Relations

Gal Krubiner - Chief Executive Officer

Michael Kurlander - Chief Financial Officer

Conference Call Participants

Joseph Vafi - Canaccord

Hal Goetsch - B. Riley Financial

Operator

Good day and welcome to the Pagaya First Quarter 2023 Earnings Call. Today’s call is being recorded. At this time, I would like to turn the call over to Jency John, Head of Investor Relations. Please go ahead.

Jency John

Thank you and welcome to Pagaya’s first quarter 2023 earnings conference call. Joining me today to talk about our business and results are Gal Krubiner, Chief Executive Officer of Pagaya and Michael Kurlander, Chief Financial Officer. You can find the presentation that accompanies our prepared remarks, our earnings release, 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 risks and uncertainties. These statements include, but are not limited to, our competitive advantages and strategies, macroeconomic conditions and outlook, future products and services and future business and financial performance. 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 in our Form 20-F filed on April 20, 2023 as furnished 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 will be discussed on the call. Reconciliation to the most directly comparable GAAP financial measures are available in the earnings release and in the appendix to the earnings presentation, which are posted on our Investor Relations website.

With that, let me turn the call over to Gal.

Gal Krubiner

Thank you, Jency. This quarter was another proof point of our ability to execute through volatility and progress on our long-term strategy. I will start with a performance update, then an overview of our plan to achieve our medium-term growth ambition, before I pass it over to Mike, to discuss this quarter’s financial and outlook for the remainder of the year.