Pagaya Technologies Closes RPM 2025-6, $400M Auto Asset-Backed Securitization

• Transaction brings Pagaya's total ABS issuance to an annual record of $7.6 billion year-to-date
• Company continues strong programmatic issuance of quality assets, supported by growing partner demand for Pagaya-powered originations across all asset classes

Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of RPM 2025-6, a $400 million auto asset-backed securitization (ABS). The transaction marks another successful execution in Pagaya's repeatable Auto ABS program, underscoring the Company's ability to deliver consistent, high-quality assets to its investors.

Year to date, Pagaya has completed 18 ABS transactions, totaling over $7.6 billion across personal loans, auto, and point-of-sale: the most capital raised in Pagaya's ABS program in the Company's history. This scale reflects the durability of Pagaya's platform and the performance of its underlying assets, supported by long-standing lender relationships, repeat investors, and a consistent, data-driven approach to structuring and underwriting. Pagaya remains focused on responsible programmatic issuance that aligns with its partners' growth and maintains strong asset quality across market cycles.