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Pagaya Technologies Ltd. (PGY) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · DATA UPDATED 2026-09-13

Pagaya Technologies Ltd. (PGY) operates in the SOFTWARE - INFRASTRUCTURE industry and is headquartered in New York, United States with about 493 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, PGY reported $1.3B in revenue and $81M in net income.

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands.

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PGY Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Revenue$1.3B$1.3B$1.0B$773M$685M$446M$92M$36M
Gross Profit$539M$512M$407M$264M$234M$214M$43M$8M
Gross Margin %40.6%40.6%40.5%34.1%34.2%47.9%46.5%22.6%
Operating Income (EBIT)$281M$224M$67M($24M)($315M)($6M)$21M($4M)
Operating Margin %21.2%17.7%6.7%-3.2%-46.0%-1.3%23.2%-10.8%
Net Income$127M$81M($401M)($128M)($302M)($91M)$14M($6M)
Net Margin %9.6%6.5%-40.0%-16.6%-44.1%-20.4%15.8%-15.6%
EBITDA$121M$82M$68M($45M)($309M)($34M)$14M($4M)
Earnings Per Share (EPS)$1.30$0.98$-5.66$-2.14$-5.19$-5.60$0.79$-0.35
Shares Outstanding (M)97M83M71M60M58M16M18M16M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PGY Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$366M$299M$321M$340M$318M$283M$276M$249M
Gross Profit$147M$121M$131M$139M$126M$116M$117M$100M
Gross Margin %40.2%40.6%40.8%41.0%39.7%40.9%42.6%40.2%
Operating Income (EBIT)$84M$61M$66M$70M$48M$40M$32M$22M
Operating Margin %23.1%20.4%20.5%20.5%15.0%14.3%11.5%9.0%
Net Income$45M$25M$34M$23M$17M$8M($238M)($67M)
Net Margin %12.4%8.3%10.7%6.6%5.2%2.8%-86.3%-27.1%
EBITDA$45M$31M$29M$16M$29M$8M$36M$22M
Earnings Per Share (EPS)$0.47$0.26$0.34$0.25$0.21$0.10$-3.20$-0.93
Shares Outstanding (M)97M97M102M91M80M77M74M73M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PGY Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)$265M$239M$67M$10M($40M)$50M$4M($8M)
Capital Expenditures (CapEx)$13M$14M$23M$20M$22M$7M$1M$1M
Free Cash Flow (FCF)$252M$225M$43M($11M)($62M)$43M$3M($9M)
FCF Margin %19.0%17.8%4.3%-1.4%-9.1%9.7%3.4%-23.8%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PGY Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$75M$43M$80M$67M$57M$34M$32M($7M)
Capital Expenditures (CapEx)$3M$3M$3M$3M$4M$4M$9M$4M
Free Cash Flow (FCF)$71M$40M$77M$64M$54M$31M$23M($11M)
FCF Margin %19.5%13.4%23.9%18.8%16.9%10.8%8.2%-4.5%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PGY Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Assets$1.7B$1.5B$1.3B$1.2B$1.0B$590M$204M$59M
Cash & Cash Equivalents$249M$235M$188M$186M$310M$191M$5M$5M
Total Liabilities$1.0B$991M$850M$543M$280M$106M$10M$2M
Total Debt (Short + Long-Term)$907M$858M$650M$369M$163M$38M$0M$0M
Total Shareholders' Equity$594M$480M$326M$560M$554M$308M$109M$32M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PGY viewer.

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