Pagaya Technologies Ltd. (PGY)

Pagaya Technologies Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	870.69	812.05	748.93	474.59	99.01
Revenue Growth (YoY)	13.81%	8.43%	57.81%	379.33%	-
Cost of Revenue	528.77	508.94	451.08	232.32	49.09
Gross Profit	341.92	303.11	297.84	242.26	49.93
Selling, General & Admin	261.02	253.12	398.42	181.86	16.34
Research & Development	72.63	74.38	150.93	66.21	12.33
Operating Expenses	333.66	327.51	549.35	248.07	28.67
Operating Income	8.27	-24.4	-251.51	-5.81	21.25
Other Expense / Income	83.05	88.47	34.42	77.47	5.51
Pretax Income	-74.78	-112.87	-285.92	-83.28	15.75
Income Tax	13.91	15.57	16.4	7.88	1.28
Net Income	-88.69	-128.44	-302.32	-91.15	14.47
Preferred Dividends	0	0	12.21	43.17	9.56
Net Income Common	-88.69	-128.44	-314.53	-134.32	4.91
Shares Outstanding (Basic)	65	60	38	16	16
Shares Outstanding (Diluted)	65	60	38	16	17
Shares Change	8.86%	56.95%	135.03%	-5.61%	-
EPS (Basic)	-1.39	-2.14	-8.22	-8.25	0.36
EPS (Diluted)	-1.39	-2.14	-8.22	-8.25	0.24
Free Cash Flow	33.91	-10.61	-62.41	43.19	3.16
Free Cash Flow Per Share	0.53	-0.18	-1.63	2.65	0.20
Gross Margin	39.27%	37.33%	39.77%	51.05%	50.42%
Operating Margin	0.95%	-3.00%	-33.58%	-1.22%	21.47%
Profit Margin	-10.19%	-15.82%	-42.00%	-28.30%	4.96%
Free Cash Flow Margin	3.89%	-1.31%	-8.33%	9.10%	3.19%
Effective Tax Rate	-	-	-	-	8.10%
EBITDA	-52.86	-93.74	-279.63	-82.46	16.04
EBITDA Margin	-6.07%	-11.54%	-37.34%	-17.38%	16.20%
Depreciation & Amortization	21.93	19.13	6.29	0.82	0.29
EBIT	-74.78	-112.87	-285.92	-83.28	15.75
EBIT Margin	-8.59%	-13.90%	-38.18%	-17.55%	15.90%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).