Pagaya Technologies
PGY
18.14
+0.09
+0.50%
Pagaya Technologies
US · PGY
#2958 by market cap
Listed 1970
18.14
+0.09
+0.50%
Live - 5344 symbols - heartbeat 221s ago
· 2026-10-08 08:35
Pre-market
17.99
-0.83%
After-hours
18.24
+0.55%
Overnight
18.15
+0.06%
- Market cap
- 1.51B
- P/E (TTM)i
- 12.87
- P/Bi
- 2.55
- EPSi
- 0.93
- Div yieldi
- 0.00%
- 52W posi
- 37%
Reader sentiment
Are you bullish or bearish on PGY?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.46, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 6 years
Latest year +25.56% YoY
Margins
- Gross margin
- 40.61%
- Operating margin
- 17.74%
- Net margin
- 6.13%
Key ratios & quality
- Enterprise valuei
- 1.18B
- Altman Z-Scorei
- 2.46
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 91.74M | 445.87M | 685.41M | 772.81M | 1.00B | 1.26B |
| Gross profit | 42.66M | 213.54M | 234.33M | 263.87M | 406.90M | 512.17M |
| Selling & admin expenses | 16.34M | 181.86M | 398.42M | 253.12M | 291.19M | 213.15M |
| Research & development | 12.33M | 66.21M | 150.93M | 74.38M | 76.57M | 75.21M |
| Operating profit | 13.98M | -34.53M | -315.02M | -63.64M | 39.14M | 223.81M |
| Pretax profit | 21.20M | -61.65M | -276.37M | -181.17M | -421.12M | 51.63M |
| Tax | 1.28M | 7.88M | 16.40M | 15.57M | 24.58M | -19.75M |
| Net profit | 19.92M | -69.52M | -292.77M | -196.74M | -445.70M | 71.37M |
| Basic EPS | 0 | -2 | -8 | -2 | -6 | 1 |
| Diluted EPS | 0.08 | -2.37 | -8.22 | -2.14 | -5.66 | 0.93 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 282.70M | 317.71M | 339.89M | 321.04M | 298.99M | 365.64M |
| Gross profit | 115.62M | 126.25M | 139.31M | 130.99M | 121.43M | 146.92M |
| Selling & admin expenses | 55.78M | 60.01M | 51.40M | 45.97M | 44.44M | 45.18M |
| Research & development | 19.44M | 18.46M | 18.24M | 19.08M | 15.94M | 17.35M |
| Operating profit | 40.40M | 47.79M | 69.68M | 65.94M | 61.05M | 84.40M |
| Pretax profit | -48.00K | 21.54M | 8.06M | 22.07M | 27.31M | 41.25M |
| Tax | -2.54M | 4.98M | -15.21M | -6.97M | 3.15M | -1.09M |
| Net profit | 2.49M | 16.56M | 23.27M | 29.04M | 24.16M | 42.33M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 1 |
| Diluted EPS | 0.10 | 0.20 | 0.23 | 0.36 | 0.29 | 0.49 |
Balance sheet
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total current assets | 76.97M | 246.54M | 419.82M | 303.40M | 1.18B | 1.45B |
| Cash & ST investments | 62.64M | 200.94M | 310.80M | 188.97M | 988.26M | 1.19B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 204.27M | 590.26M | 1.05B | 1.21B | 1.29B | 1.55B |
| Total current liabilities | 4.27M | 28.67M | 128.02M | 74.93M | 130.64M | 131.47M |
| Short-term debt | -- | -- | 70.36M | 44.62M | 37.06M | 34.21M |
| Long-term debt | -- | 37.91M | 92.80M | 324.03M | 643.75M | 824.27M |
| Total liabilities | 10,146,000.00 | 105,859,000.00 | 279,656,000.00 | 542,627,000.00 | 849,526,000.00 | 990,563,000.00 |
| Total equity | 194.13M | 484.40M | 765.42M | 665.75M | 441.55M | 555.35M |
| Retained earnings | 2.89M | -111.88M | -414.20M | -542.64M | -944.04M | -862.65M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 355.56M | 362.47M | 264.77M | 1.45B | 1.54B | 1.59B |
| Cash & ST investments | 206.46M | 204.51M | 218.31M | 1.19B | 1.26B | 1.29B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 1.28B | 1.40B | 1.46B | 1.55B | 1.65B | 1.69B |
| Total current liabilities | 198.70M | 254.47M | 114.60M | 131.47M | 238.15M | 138.52M |
| Short-term debt | 142.38M | 190.10M | 34.96M | 34.21M | 147.32M | 32.41M |
| Long-term debt | 507.79M | 544.46M | 767.46M | 824.27M | 780.68M | 874.93M |
| Total liabilities | 837,562,000.00 | 931,064,000.00 | 919,541,000.00 | 990,563,000.00 | 1,049,491,000.00 | 1,044,324,000.00 |
| Total equity | 440.80M | 467.98M | 535.84M | 555.35M | 599.15M | 648.78M |
| Retained earnings | -936.15M | -919.50M | -896.95M | -862.65M | -837.96M | -792.69M |
Cash flow
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | 4.26M | 49.81M | -40.00M | -21.66M | 47.75M | 238.62M |
| Depreciation & amortization | 290.00K | 815.00K | 6.29M | 19.13M | 28.75M | 30.08M |
| Free cash flow | 3.16M | 43.19M | -62.41M | -41.85M | 24.51M | 224.72M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | 291.87M | 27.89M | 101.82M | 0 |
| Ending cash balance | 5.88M | 204.58M | 337.08M | 222.54M | 226.52M | 288.35M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 34.43M | 57.35M | 67.05M | 79.80M | 43.18M | 74.70M |
| Depreciation & amortization | 7.72M | 7.59M | 7.64M | 7.13M | 3.86M | 3.92M |
| Free cash flow | 30.65M | 53.55M | 63.81M | 76.71M | 40.01M | 71.25M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | -- | -- |
| Ending cash balance | 229.63M | 242.03M | 264.77M | 288.35M | 380.03M | 304.42M |
Returns & efficiency
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| ROE %i | 153.50 | -5,980.45 | -113.38 | -23.07 | -90.59 | 19.17 |
| ROA %i | 2.40 | -33.81 | -38.47 | -11.40 | -32.12 | 5.45 |
| ROIC %i | -51.92 | -387.04 | -81.65 | -18.09 | -42.98 | 3.52 |
| 5-year avg ROE %i | -- | -- | -- | -- | -1,210.80 | -1,237.67 |
| EBIT margin %i | 15.24 | -7.74 | -45.96 | -8.23 | 3.90 | 17.74 |
| FCF / sales %i | 3.44 | 9.69 | -- | -- | 4.31 | 17.82 |
| Current ratioi | 18.04 | 8.60 | 3.28 | 4.05 | 9.04 | 11.06 |
| Quick ratioi | 17.87 | 8.18 | 3.04 | 3.69 | 8.65 | 10.57 |
| Debt / assetsi | -- | 6.42 | 20.31 | 34.14 | 52.73 | 55.53 |
| LT debt / equityi | -- | 2,933.82 | 25.64 | 65.74 | 197.17 | 171.72 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | 103.47 | 31.10 | 22.54 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -17.20 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -77.48 | -63.26 | -43.00 | 19.17 | 21.74 | 25.51 |
| ROA %i | -27.00 | -19.80 | -13.70 | 5.45 | 6.42 | 7.93 |
| ROIC %i | -35.18 | -26.40 | -18.75 | 3.52 | 4.77 | 6.13 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 7.63 | 11.61 | 15.29 | 17.74 | 19.13 | 21.20 |
| FCF / sales %i | 5.84 | 9.78 | 15.23 | 17.82 | 18.32 | 18.99 |
| Current ratioi | 1.79 | 1.42 | 2.31 | 11.06 | 6.48 | 11.51 |
| Quick ratioi | 1.66 | 1.31 | 1.91 | 10.57 | 6.00 | 10.68 |
| Debt / assetsi | 53.09 | 54.59 | 55.13 | 55.53 | 56.29 | 53.59 |
| LT debt / equityi | 159.87 | 156.40 | 175.10 | 171.72 | 147.49 | 147.26 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 08:35:34 · For reference only, not investment advice and not tailored to your situation.