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Pagaya Technologies Ltd. (PGY)
NASDAQ: PGY · Real-Time Price · USD
19.97
-0.33 (-1.63%)
At close: Sep 11, 2026, 4:00 PM EDT
20.16
+0.19 (0.95%)
After-hours: Sep 11, 2026, 7:47 PM EDT

Pagaya Technologies Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
126.8181.39-401.41-128.44-302.32-91.15
Depreciation & Amortization
6.146.182.2519.136.290.82
Other Amortization
33.9335.1530.24---
Loss (Gain) From Sale of Assets
143.31108.91408.1134.51--
Asset Writedown & Restructuring Costs
10.444.923.252.483.21-
Loss (Gain) From Sale of Investments
-----0.42
Loss (Gain) on Equity Investments
5.488.424.59-0.49-5.760.16
Stock-Based Compensation
38.4854.1261.571.06241.6967.79
Other Operating Activities
6.1512.81-42.09-67.78-0.5474.65
Change in Accounts Receivable
-45-26.28-23.04-25.46-46.45-27.56
Change in Accounts Payable
2.083.425.68-0.45-9.8411
Change in Income Taxes
-19.62-22.5321.165.028.638.4
Change in Other Net Operating Assets
-43.46-27.88-22.48-31.235.738.67
Operating Cash Flow
264.73238.6247.75-21.66-4049.81
Operating Cash Flow Growth
135.26%399.72%---1070.10%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-28.95-29.9-17.74-20.19-22.41-6.62
Cash Acquisitions
-0.16-9.091.61--
Sale (Purchase) of Intangibles
---5.5---
Investment in Securities
2.7--0.14--0.2839.35
Investing Cash Flow
-292.37-309.71-479.88-381.46-265.42-140.74

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-855.97818.5468.47181.5137.91
Long-Term Debt Repaid
--695.04-524.43-261.39-64.79-
Total Debt Repaid
-780.89-695.04-524.43-261.39-64.79-
Net Debt Issued (Repaid)
130.11160.93294.07207.08116.7337.91
Issuance of Common Stock
3.856.92105.1332.23293.490.35
Repurchase of Common Stock
----0.65--
Other Financing Activities
-48.04-38.2537.49-24.5627.7178.33
Financing Cash Flow
85.92129.6436.69289.1437.92289.62

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
4.113.32-0.59-0.52--
Net Cash Flow
62.3961.833.98-114.54132.5198.7

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
235.78208.7230.01-41.85-62.4143.19
Free Cash Flow Growth
143.73%595.40%---1266.68%
Free Cash Flow Margin
16.96%16.04%2.91%-5.15%-8.33%9.10%
Free Cash Flow Per Share
2.552.510.42-0.70-1.632.65
Levered Free Cash Flow
207.18181.19117.0222.0433.9551.49
Unlevered Free Cash Flow
207.18181.19117.0222.0433.9551.49

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
91.7991.7980.3217.784.34-
Cash Income Tax Paid
2.52.54.919.176.942.61
Change in Working Capital
-106.01-73.27-18.68-52.12-41.94-2.86
SEC Filings: 10-K · 10-Q