Pagaya Technologies Ltd. (PGY)

Pagaya Technologies Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,390	1,301	1,032	812.05	748.93	474.59
Revenue Growth	20.55%	26.07%	27.12%	8.43%	57.81%	379.33%
Gross Profit Gross Profit Growth	603.06	552.19	434.6	303.11	297.84	242.26
Operating Income Operating Income Growth	345.48	263.83	66.94	-24.3	-251.51	-5.81
Net Income Net Income Growth	122.54	77.28	-401.41	-128.44	-314.53	-134.32
Earnings Per Share EPS Growth	1.39	0.93	-5.66	-2.14	-8.22	-8.25
EPS Growth	-	-	-	-	-	-

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,289	1,181	966.33	188.97	310.8	200.94
Total Debt Total Debt Growth	907.34	858.48	680.81	412.58	212.26	37.91
Net Cash (Debt) Net Cash Growth	382.03	322.11	285.52	-223.62	98.54	163.04
Net Cash Growth	-	12.82%	-	-	-39.56%	160.29%
Net Cash Per Share Net Cash Per Share Growth	4.13	3.88	4.03	-3.72	2.58	10.02

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	264.73	238.62	47.75	-21.66	-40	49.81
Capital Expenditures CapEx Growth	-28.95	-29.9	-17.74	-20.19	-22.41	-6.62
Free Cash Flow Free Cash Flow Growth	235.78	208.72	30.01	-41.85	-62.41	43.19
Free Cash Flow Growth	143.73%	595.40%	-	-	-	1266.68%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	43.39%	42.43%	42.10%	37.33%	39.77%	51.05%
Operating Margin	24.86%	20.27%	6.49%	-2.99%	-33.58%	-1.22%
Pretax Margin	7.10%	3.97%	-40.80%	-22.31%	-36.90%	-12.99%
Profit Margin	8.82%	5.94%	-38.89%	-15.82%	-42.00%	-28.30%
FCF Margin	16.96%	16.04%	2.91%	-5.15%	-8.33%	9.10%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	12.58	21.74	-	-	-	-
Forward PE	4.59	6.77	6.13	16.73	-	-
P/FCF Ratio	6.30	8.05	22.80	-	-	8.26
PS Ratio	1.07	1.29	0.66	1.21	1.13	0.75

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 16, 2026

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