Pagaya Technologies Ltd Class A (PGY) financials
Pagaya Technologies revenue and earnings by year
Pagaya Technologies's revenue was $1.30 billion in the fiscal year to December 31, 2025, up 26.1% from the year before. Net income was $81.4 million, 6.3% of revenue. Since the fiscal year to December 31, 2020, revenue has grown 67.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 6 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.30 | 1.03 | 0.81 | 0.75 | 0.47 | 0.10 |
| Revenue growth | 26.1% | 27.1% | 8.4% | 57.8% | 379.3% | — |
| Gross profit | 0.55 | 0.43 | 0.30 | 0.30 | 0.24 | 0.05 |
| Gross margin | 42.4% | 42.1% | 37.3% | 39.8% | 51.0% | 50.4% |
| Operating income | 0.26 | 0.07 | -0.02 | -0.25 | -0.01 | 0.02 |
| Operating margin | 20.3% | 6.5% | -3.0% | -33.6% | -1.2% | 21.5% |
| Net income | 0.08 | -0.40 | -0.13 | -0.30 | -0.09 | 0.01 |
| Net margin | 6.3% | -38.9% | -15.8% | -40.4% | -19.2% | 14.6% |
| Diluted EPS | $0.93 | -$5.66 | -$2.14 | — | — | — |
| Free cash flow | 0.22 | 0.03 | -0.04 | -0.06 | 0.04 | 0.00 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PGY in Markets.
How Pagaya Technologies makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Network AI Fees | $318M | 87.1% |
| Financial Service | $47.2M | 12.9% |
See also: PGY valuation and P/E history · PGY returns
No forecast, no recommendation. This page describes Pagaya Technologies Ltd Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.