Pagaya Technologies Ltd. (NASDAQ:PGY) Q2 2022 Earnings Conference Call August 16, 2022 8:30 AM ET

Company Participants

Jency John – Head-Investor Relations

Gal Krubiner – Chief Executive Officer

Michael Kurlander – Chief Financial Officer

Conference Call Participants

Rayna Kumar – UBS

John Davis – Raymond James

Joseph Vafi – Canaccord

Reggie Smith – JPMorgan

Blair Abernethy – Rosenblatt Securities

Operator

Good day, and welcome to the Pagaya’s Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Today’s call is being recorded.

At this time, I would like to turn the call over to Jency John, Head of Investor Relations. Thank you. Please go ahead.

Jency John

Thank you, and good morning. Welcome to Pagaya’s second quarter 2022 earnings conference call. Joining me today to talk about our business and results are Gal Krubiner, Chief Executive Officer of Pagaya; and Michael Kurlander, our Chief Financial Officer. You can find the presentation that accompanies are 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 strategy, 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 different materially are described in today’s press release and in our most recent Form 6-K as filed 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. Reconciliations 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, and welcome to our second quarter 2022 results, our first as a public company. My name is Gal Krubiner, and I’m the Co-Founder and CEO of Pagaya Technologies. Pagaya is a financial technology company built by innovative research team and led by an experienced team of executives with a vision to increase access to the financial products and services through the use of technology.