Pagaya Technologies Ltd. (PGY) Financial Statements
Industry: Finance Services
In fiscal 2025, Pagaya Technologies reported revenue of $1.30B, up 26.1% from $1.03B the year before. Net income was $81.4M (a 6.3% net margin), or $0.93 per diluted share. Gross margin was 42.4% and operating margin was 20.3%. Operating activities generated $238.6M of cash, leaving $224.7M of free cash flow. At fiscal year end, Pagaya Technologies held $1.55B in total assets against $960.5M in total liabilities, including $235.3M of cash and equivalents.
Open the full interactive Pagaya Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Pagaya Technologies Key Stats
| Share Price | $17.82 |
|---|---|
| Market Cap | $1.73B |
| P/E Ratio | 19.2 |
| Revenue YoY Growth | +26.1% |
| 52-Week Range | $10.64 – $29.91 |
| Shares Outstanding | 83.2 million (basic, 2026 Q2) |
Pagaya Technologies Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $812.1M | $1.03B | $1.30B |
| Cost of Goods Sold | $508.9M | $597.7M | $749.2M |
| Gross Profit | $303.1M | $434.6M | $552.2M |
| Operating Income | -$24.4M | $66.8M | $263.8M |
| Pre-Tax Income | -$181.2M | -$421.1M | $51.6M |
| Income Tax | $15.6M | $24.6M | -$19.7M |
| Net Income | -$128.4M | -$401.4M | $81.4M |
| Diluted EPS | -$2.14 | -$5.66 | $0.93 |
Pagaya Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $350.2M | $334.8M | $317.9M | $387.0M |
| Net Income | $22.5M | $34.3M | $24.7M | $45.3M |
| Diluted EPS | $0.23 | $0.41 | $0.28 | $0.49 |
Pagaya Technologies Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | $186.5M | $187.9M | $235.3M |
| Current Assets | $303.4M | $351.5M | — |
| Total Assets | $1.21B | $1.29B | $1.55B |
| Current Liabilities | $74.9M | $195.5M | — |
| Total Long-Term Debt | $361.7M | $321.3M | $824.3M |
| Total Liabilities | $468.4M | $775.3M | $960.5M |
| Shareholders' Equity | $559.7M | $326.5M | $480.0M |
Pagaya Technologies Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | $9.6M | $66.5M | $238.6M |
| Cash From Investing | -$412.7M | -$498.6M | -$309.7M |
| Cash From Financing | $289.1M | $436.7M | $129.6M |
| Free Cash Flow | -$10.6M | $48.8M | $224.7M |
Figures from Pagaya Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Pagaya Technologies financials page for every line item.
Pagaya Technologies Company Profile
| Ticker | PGY |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | New York, New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001883085 |
Frequently Asked Questions
What was Pagaya Technologies' revenue in fiscal 2025?
Pagaya Technologies (PGY) reported revenue of $1.30B for fiscal 2025.
What is Pagaya Technologies' annual revenue history?
Pagaya Technologies' annual revenue by fiscal year: 2023: $812.1M; 2024: $1.03B; 2025: $1.30B.
What was Pagaya Technologies' net income in fiscal 2025?
Pagaya Technologies reported net income of $81.4M for fiscal 2025.
What was Pagaya Technologies' earnings per share (EPS) in fiscal 2025?
Pagaya Technologies' diluted EPS was $0.93 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Pagaya Technologies generate in fiscal 2025?
Pagaya Technologies generated $224.7M of free cash flow in fiscal 2025.
What was Pagaya Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Pagaya Technologies reported revenue of $387.0M.
How much debt does Pagaya Technologies have?
Pagaya Technologies reported $824.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Pagaya Technologies are outstanding?
Pagaya Technologies reported a weighted average of 83.2 million basic shares outstanding in 2026 Q2.
What is Pagaya Technologies' market cap?
Based on its latest closing price, Pagaya Technologies (PGY) has a market capitalization of about $1.73B.
When does Pagaya Technologies' fiscal year end?
Pagaya Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Pagaya Technologies headquartered?
Pagaya Technologies lists its business address in New York, New York in its SEC filings.