Pagaya Technologies Ltd. (NASDAQ:PGY) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET
Company Participants
Josh Fagen - Head of Investor Relations
Gal Krubiner - Chief Executive Officer
Sanjiv Das - President
Evangelos Perros - Chief Financial Officer
Conference Call Participants
Joseph Vafi - Canaccord Genuity
Mark Palmer - Benchmark
John Hecht - Jefferies
Steven Kwok - KBW
David Scharf - Citizens JMP
Hal Goetsch - B. Riley Securities
Operator
Ladies and gentlemen, greetings, and welcome to the Pagaya 3Q 2024 Earnings Call. At this, participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Josh Fagen. Thank you. Please go ahead.
Josh Fagen
Thank you, and welcome to Pagaya's third 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 with respect to, among other things, our operations, the financial performance, including our financial outlook for the third 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 from our expectations include but are not limited to those risks described in today's press release and our filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update any statements as a result of new information or future events. Please refer to the documents we file from time to time with the SEC, including our 10-K, 10-Q, and other reports for a more detailed discussion of these factors.
Additionally, non-GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin, adjusted net income, fee revenue less production costs or FRLPC, FRLPC percentage and core operating expenses will be discussed on the call. Reconciliations to the most directly comparable GAAP financial measures are available, to the extent available without unreasonable efforts, in our earnings release and other materials which are posted on our Investor Relations Web site. We encourage you to review the shareholder letter, which was furnished with the SEC on Form 8-K today for detailed commentary on our business and performance in conjunction with the accompanying earnings supplement and press release.