Pagaya Technologies Ltd. PGY

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived Nasdaq

Pagaya Technologies Ltd. was incorporated on March 20, 2016 and is organized under the laws of the State of Israel. We are registered with the Israeli Registrar of Companies, registration number 51-542127-9. In February 2024, Pagaya relocated its corporate headquarters to its current New York City office. The U.S. is where we conduct our business, generate the majority of our revenue, and where all of our Partners and SFR Partners are domiciled. The mailing address of our principal executive office is 335 Madison Ave, New York, NY 10017, telephone number +1 646-710-7714. Our office in Tel-Aviv, Israel is Azrieli Sarona Bldg, 54th Floor, 121 Derech Menachem Begin, Tel-Aviv, 6701203, Israel, telephone number +972 (3) 715 0920.

Last close 19.09 2026-10-23
Market cap $1.59B estimated share count
52-week range 10.40 - 31.06

Valuation FY2025 figures against the last close

P/S1.3x
P/E20.5x
P/FCF7.1x
EV/EBITDA5.4x
Dividend yield—
Diluted EPS0.93

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $1.26B$1.00B$772.8M$685.4M$445.9M$91.7M—
Cost of revenue $749.2M$597.7M$508.9M$451.1M$232.3M$49.1M—
Gross profit $512.2M$406.9M$263.9M$234.3M$213.5M$42.7M—
R&D $75.2M$76.6M$74.4M$150.9M$66.2M$12.3M—
SG&A $159.6M$240.8M$203.4M$294.2M$132.2M$10.7M—
Total operating expenses $1.04B$965.4M$836.5M$1.00B$480.4M$77.8M—
Operating income $263.8M$66.8M-$24.4M-$251.5M-$5.8M$21.3M—
Pre-tax income $51.6M-$421.1M-$181.2M-$276.4M-$61.6M$21.2M—
Income tax $19.7M$24.6M$15.6M$16.4M$7.9M$1.3M—
Net income $81.4M-$401.4M-$128.4M-$302.3M-$91.2M$14.5M—
EPS, basic 0.99-5.66-2.14-8.22-8.250.03—
EPS, diluted 0.93-5.66-2.14-8.22-8.250.02—
Shares, diluted (wtd. avg.) 83.1M70.9M60.0M38.3M16.3M206.9M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $235.3M$187.9M$186.5M$337.1M$204.6M$5.9M$4.9M
Receivables ———$59.2M$32.3M——
Total current assets —$351.5M$303.4M$419.8M$246.5M——
Property, plant and equipment $30.2M$38.0M$41.6M$31.7M$7.6M——
Goodwill $22.9M$23.1M$10.9M$0———
Other intangibles $7.7M$12.8M$2.5M$0———
Total assets $1.55B$1.29B$1.21B$1.05B$590.3M——
Accounts payable —$7.0M$1.3M$1.7M$11.6M——
Short-term debt ——$37.7M$61.8M$0——
Total current liabilities —$195.5M$74.9M$128.0M$28.7M——
Long-term debt —$321.3M—————
Total liabilities $960.5M$775.3M$468.4M$279.7M$105.9M——
Retained earnings -$862.7M-$944.0M-$542.6M-$414.2M-$111.9M——
Total equity $480.0M$326.5M$665.7M$765.4M$177.4M$88.1M$13.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $238.6M$47.8M-$21.7M-$40.0M$49.8M$4.3M—
Depreciation and amortisation $30.1M$28.8M$19.1M$6.3M$815.0K$290.0K—
Stock-based compensation $54.1M$61.5M$71.1M$241.7M$67.8M$156.0K—
Capital expenditure $13.9M$17.7M$20.2M$22.4M$6.6M$1.1M—
Investing cash flow -$309.7M-$479.9M-$381.5M-$265.4M-$140.7M-$122.8M—
Financing cash flow $129.6M$436.7M$289.1M$437.9M$289.6M$119.5M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001883085-26-000039.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2020: 91.7M Gross profit, FY2020: 42.7M Net income, FY2020: 14.5M Revenue, FY2021: 445.9M Gross profit, FY2021: 213.5M Net income, FY2021: -91.2M Revenue, FY2022: 685.4M Gross profit, FY2022: 234.3M Net income, FY2022: -302.3M Revenue, FY2023: 772.8M Gross profit, FY2023: 263.9M Net income, FY2023: -128.4M Revenue, FY2024: 1B Gross profit, FY2024: 406.9M Net income, FY2024: -401.4M Revenue, FY2025: 1.3B Gross profit, FY2025: 512.2M Net income, FY2025: 81.4M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $91.7M $445.9M $685.4M $772.8M $1.00B $1.26B
Gross profit — $42.7M $213.5M $234.3M $263.9M $406.9M $512.2M
Net income — $14.5M -$91.2M -$302.3M -$128.4M -$401.4M $81.4M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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