Pagaya Technologies Financial Statements
NASDAQ: PGYFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pagaya Technologies revenue and earnings
In fiscal 2025, Pagaya Technologies generated $1.30 billion in revenue, up 26.1% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $81.4 million, for a net margin of 6.3% versus a median of -19.2% in the prior 5 years. Gross margin was 42.4% (up from 42.1%) and operating margin 20.3%.
Diluted earnings per share came in at $0.93. Over the last 5 fiscal years, PGY's revenue has grown at a 67.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Pagaya Technologies income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 1.30B | 1.03B | 812.05M | 748.93M | 474.59M | 99.01M |
| Revenue growth (YoY) | +26.07% | +27.12% | +8.43% | +57.81% | +379.33% | — |
| Cost of Revenue | 749.17M | 597.65M | 508.94M | 451.08M | 232.32M | 49.09M |
| Gross Profit | 552.19M | 434.60M | 303.11M | 297.84M | 242.26M | 49.92M |
| Operating Expenses | 288.36M | 367.76M | 327.51M | 549.35M | 248.07M | 28.67M |
| Research & Development | 75.21M | 76.57M | 74.38M | 150.93M | 66.21M | 12.33M |
| Selling, General & Admin | 213.15M | 291.19M | 253.12M | 398.42M | 181.86M | 16.34M |
| Operating Income | 263.83M | 66.84M | -24.40M | -251.50M | -5.81M | 21.25M |
| Other Income (Expense) | -80.42M | -83.61M | -25.45M | -24.87M | -55.84M | -55.00K |
| Pretax Income | 51.63M | -421.12M | -181.17M | -276.37M | -61.65M | 21.20M |
| Income Tax | -19.75M | 24.58M | 15.57M | 16.40M | 7.88M | 1.28M |
| Net Income | 81.39M | -401.41M | -128.44M | -302.32M | -91.15M | 14.47M |
| Net Income growth (YoY) | — | — | — | — | -729.93% | — |
| EPS (Basic) | 0.99 | -5.66 | -2.14 | -8.22 | -8.25 | 0.03 |
| EPS (Diluted) | 0.93 | -5.66 | -2.14 | -8.22 | -8.25 | 0.02 |
| Shares Outstanding (Basic) | 78.34M | 70.88M | 60.04M | 38.25M | 16.28M | 191.15M |
| Shares Outstanding (Diluted) | 83.10M | 70.88M | 60.04M | 38.25M | 16.28M | 206.92M |
| EBITDA | 293.90M | 95.59M | -5.27M | -245.21M | -4.99M | 21.54M |
| Gross Margin | 42.43% | 42.10% | 37.33% | 39.77% | 51.05% | 50.42% |
| Operating Margin | 20.27% | 6.48% | -3.00% | -33.58% | -122.00% | 21.47% |
| Net Margin | 6.25% | -38.89% | -15.82% | -40.37% | -19.21% | 14.61% |
This table shows 6 annual periods of Pagaya Technologies's income statement, from FY 2025 back to FY 2020, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PGY's reporting calendar. What is a income statement?