Management ChangeMay 7, 2026, 07:08 AM
Pagaya Appoints Jonathan Dobres as CFO; Q1 Net Income $25M
AI Summary
Pagaya Technologies announced Jonathan Dobres, current Chief Strategy Officer, will succeed Evangelos Perros as Chief Financial Officer, effective June 15, 2026. Perros will transition to a Strategic Executive Advisor role until year-end. Concurrently, the company reported strong first-quarter 2026 financial results, including a GAAP net income of $25 million and an 18% increase in Adjusted EBITDA to $94 million. Pagaya also raised its full-year 2026 GAAP net income guidance, reflecting accelerated momentum in its auto business and continued operational execution.
Key Highlights
- Jonathan Dobres appointed CFO, succeeding Evangelos Perros, effective June 15, 2026.
- Evangelos Perros will serve as Strategic Executive Advisor until December 31, 2026.
- Q1 2026 GAAP Net Income attributable to Pagaya shareholders was $25 million, up $17 million YoY.
- Q1 2026 Adjusted EBITDA increased 18% YoY to $94 million.
- Q1 2026 Total Revenue and Other Income grew 10% YoY to $318 million.
- Q1 2026 Network Volume increased 9% YoY to $2.6 billion.
- Full-year 2026 GAAP Net Income guidance raised to $110 million - $160 million.
- Achieved first AAA Fitch Rating on $368 million PAID resecuritization, enhancing ABS program.