Pagaya Technologies (PGY) vs Progress Software (PRGS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Progress Software (PRGS) has outperformed Pagaya Technologies (PGY) over the past year, losing 15.3% versus a loss of 39.9%. Over five years, PRGS leads with a -23.7% price change compared with -84.7% for PGY. Progress Software is the larger company by market cap ($1.61 billion vs $1.52 billion), about 1.1 times the size.
On valuation, Pagaya Technologies trades at a lower forward P/E (4.4x vs 5.5x for Progress Software). Progress Software converts more of its revenue into profit, with a net margin of 7.5% versus 6.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PGY | PRGS |
|---|---|---|
| Share price | $18.22 | $39.33 |
| Market cap | $1.52B | $1.61B |
| 1-day change | -0.22% | +2.74% |
| YTD return | -12.82% | -8.45% |
| 1-year return | -39.91% | -15.26% |
| 5-year return | -84.69% | -23.71% |
| P/E ratio (TTM) | 13.20 | 18.12 |
| Forward P/E | 4.44 | 5.48 |
| EPS (TTM) | $1.38 | $2.17 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.30B | $977.83M |
| Revenue growth (YoY) | +26.07% | +29.79% |
| Net income (latest FY) | $81.39M | $73.13M |
| Gross margin | 42.43% | 80.82% |
| Operating margin | 20.27% | 15.68% |
| Net margin | 6.25% | 7.48% |
| 52-week high | $31.54 | $47.25 |
| 52-week low | $10.40 | $23.82 |
| Distance from 52-week high | -42.23% | -16.76% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +58.18% | +42.89% |
| Average volume | 2.55M | 558.50K |
| Shares outstanding | 72.14M | 40.87M |
| Employees | 493 | 2,801 |
| Sector | Finance | Technology |
| Industry | Finance: Consumer Services | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- PRGS has outperformed PGY by 24.7 percentage points over the past year.
- Progress Software trades at a higher earnings multiple (18.1x vs 13.2x trailing P/E).
- The two companies sit in different sectors: Pagaya Technologies in Finance and Progress Software in Technology.
About Pagaya Technologies
PGY stock →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. The company offers Decline Monetization, the flagship product which allows Partners to automatically send rejected loan applications to its network, as well as approve customers they would otherwise decline; Dual Look which allows to assess applications concurrently with its Partners in real time; and First Look that routes designated segments of loan applications to the network for evaluation.It also provides Affiliate Optimizer Engine, a customer acquisition tool which enables Partners to originate loans through third-party affiliate channels; Direct Marketing Engine, that utilizes data network to help Partners target and acquire new customers through direct channels; and FastPass which accelerates the transaction process.
Finance · Finance: Consumer Services · 493 employees
About Progress Software
PRGS stock →Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers.
Technology · Computer Software: Prepackaged Software · 2,801 employees
PGY vs PRGS FAQ
Which is bigger, Pagaya Technologies or Progress Software?
Progress Software (PRGS) is larger, with a market capitalization of $1.61B compared with $1.52B for Pagaya Technologies (PGY).
Which stock has performed better over the past year, PGY or PRGS?
PRGS returned -15.26% over the past 12 months, compared with -39.91% for PGY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PGY or PRGS?
PGY has the lower trailing P/E at 13.2, versus 18.1 for PRGS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Pagaya Technologies and Progress Software in the same industry?
No. Pagaya Technologies is in the Finance sector, while Progress Software is in Technology.