Pagaya Technologies Ltd.
PGY Nasdaq· Finance Services
Last close · Oct 26, 2026
$18.88
KIRA · Stoqly’s AI analyst, in plain words
- Pagaya Technologies Ltd. had $1.3B of revenue in fiscal 2025, up 26.1% on the year before.
- Its operating margin was 20.3%, up 13.8 pts: of every 100 in sales, about 20 is left after running the business.
- Pagaya Technologies Ltd. made $81.4M of net profit in fiscal 2025.
- Free cash flow was $225M in fiscal 2025, 17.3% of revenue.
Market cap
$1.8B
P/E
13.5x
Revenue
$1.3B
Net income
$81.4M
Free cash flow
$225M
Operating margin
20.3%
Pagaya Technologies Ltd. in 30 seconds · fiscal 2025
Are sales growing?
+26.1%
Yes. Sales grew 26.1% last year.
Does it make a profit?
6.3%
A little. It keeps 6.3% of every sale as profit.
Does profit turn into cash?
17.3%
Yes. 17.3% of sales ends up as free cash.
How healthy are the accounts?
6 / 7
Mixed. It passes 6 of 7 health tests.
How is the share priced?
13.5x
One share costs 13.5 times its yearly profit per share.
What Pagaya Technologies Ltd. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 2, 2026
- Legal name
- Pagaya Technologies Ltd.
- CIK
- 0001883085
Pagaya Technologies Ltd. · PGY
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $475M | $749M | $812M | $1.0B | $1.3B |
| Revenue growth | — | 57.8% | 8.4% | 27.1% | 26.1% |
| Gross margin | 51.0% | 39.8% | 37.3% | 42.1% | 42.4% |
| Operating margin | −1.2% | −33.6% | −3.0% | 6.5% | 20.3% |
| Net income | −$91.2M | −$302M | −$128M | −$401M | $81.4M |
| Net margin | −19.2% | −40.4% | −15.8% | −38.9% | 6.3% |
| Diluted EPS | −$8.25 | −$8.22 | −$2.14 | −$5.66 | $0.93 |
| Cash | |||||
| Cash from operations | $49.8M | −$40.0M | −$21.7M | $47.8M | $239M |
| Capital expenditure | $6.6M | $22.4M | $20.2M | $17.7M | $13.9M |
| Free cash flow | $43.2M | −$62.4M | −$41.8M | $30.0M | $225M |
| FCF margin | 9.1% | −8.3% | −5.2% | 2.9% | 17.3% |
| Share count change | — | 135.0% | 56.9% | 18.1% | 17.2% |
| Debt and strength | |||||
| Cash and short-term investments | $191M | $310M | $186M | $210M | $235M |
| Debt incl. finance leases | — | $61.8M | $37.7M | $321M | — |
| Shareholders' equity | $177M | $554M | $560M | $326M | $480M |
| Net debt / EBITDA | — | — | — | 1.2x | — |
| Current ratio | — | 3.3x | 4.0x | 1.8x | — |
| Returns and quality | |||||
| Return on capital | — | −65.0% | −4.7% | 12.1% | — |
| Return on equity | −51.4% | −82.7% | −23.1% | −90.6% | 20.2% |
| Return on tangible equity | −75.7% | −56.8% | −23.5% | −138.1% | 17.2% |
| Piotroski F-score | — | — | 4 | 4 | 6 |
| Altman Z'' | — | 1.0 | 0.9 | −0.8 | — |
Insiders bought, 12 months
$0.5M
1 insider
Insiders sold, 12 months
$4.9M
5 insiders
Of sales under plans
14%
$0.7M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Pagaya Technologies Ltd. · PGY
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $18.88 a share, the company is worth $1.8B: 13.5 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001883085). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.