Pagaya Technologies Ltd. (PGY)

Pagaya Technologies Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2020	FY 2019
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2020	Dec 31, 2019
Net Income	93.04	71.37	-445.7	-196.74	19.92	-4.2
Depreciation & Amortization	26.22	30.08	28.75	19.13	0.29	0.09
Stock-Based Compensation	48.14	54.12	61.5	71.06	0.16	0.07
Other Adjustments	137.3	156.32	421.88	137.02	-0.33	-0.43
Change in Receivables	-34.89	-26.28	-23.04	-25.46	-19.72	-3.78
Changes in Accounts Payable	1	3.42	5.68	-0.45	0.43	-0.04
Changes in Accrued Expenses	28.87	28.52	6.86	-17.77	2.46	0.97
Changes in Income Taxes Payable	-17.82	-22.53	21.16	5.02	0.93	0.17
Changes in Other Operating Activities	-63.04	-56.39	-29.34	-13.46	0.12	-0.8
Operating Cash Flow	247.38	238.62	47.75	-21.66	4.26	-7.95
Operating Cash Flow Growth	260.21%	399.72%	-	-	-	-
Capital Expenditures	-13.3	-13.9	-17.74	-20.19	-1.1	-0.67
Purchases of Intangible Assets	-	-	-5.5	-	-	-
Purchases of Investments	-759.31	-632.18	-694.12	-566.17	-151.02	-38.9
Proceeds from Sale of Investments	309.85	352.21	246.57	203.3	29.36	3.33
Payments for Business Acquisitions	0.08	0.16	-9.09	1.61	-	-
Other Investing Activities	-	-16	-	-	-	-
Investing Cash Flow	-298.74	-309.71	-479.88	-381.46	-122.76	-36.24
Short-Term Debt Issued	114.7	-	59	130	-	-
Short-Term Debt Repaid	-	-	-149	-55	-	-
Net Short-Term Debt Issued (Repaid)	114.7	-	-90	75	-	-
Long-Term Debt Issued	856.12	855.97	759.5	338.47	-	-1.74
Long-Term Debt Repaid	-738.14	-695.04	-375.43	-206.39	-	-
Net Long-Term Debt Issued (Repaid)	117.98	160.93	384.07	132.08	-	-1.74
Issuance of Common Stock	4.87	6.92	105.13	32.23	-	-
Repurchase of Common Stock	-	-	-	-0.65	-	-
Net Common Stock Issued (Repurchased)	4.87	6.92	105.13	31.58	-	-
Issuance of Preferred Stock	-	-	-	74.25	64.81	24.89
Net Preferred Stock Issued (Repurchased)	-	-	-	74.25	64.81	24.89
Other Financing Activities	-39.93	-38.25	37.49	-23.81	54.69	23.38
Financing Cash Flow	197.62	129.6	436.69	289.1	119.5	46.54
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4.15	3.32	-0.59	-0.52	-	-
Net Cash Flow	150.4	61.83	3.98	-114.54	1	2.35
Free Cash Flow	234.08	224.72	30.01	-41.85	3.16	-8.61
Free Cash Flow Growth	4.16%	648.71%	-	-	-	-
FCF Margin	17.61%	17.27%	2.91%	-5.15%	3.19%	-23.83%
Free Cash Flow Per Share	2.53	2.70	0.42	-0.70	2.85	-8.42
Levered Free Cash Flow	292.81	211.51	-91.96	50.93	17.6	-7.63
Unlevered Free Cash Flow	310.78	333.92	86.11	-54.22	23.11	-4.35

Updated May 7, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q