Pagaya Technologies Ltd.

Pagaya Technologies Ltd.

PGY
Pagaya Technologies Ltd.US flagNASDAQ Capital Market
13.96
USD
-1.33
- -
1.16BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.62
7.88
17.92
12.87
14.17
16.1
15.97
Basic EPS, GAAP
0.26
-1.61
-7.9
-2.14
-5.66
1.04
1.23
Free Cash Flow per Basic Share
0.06
0.76
-1.63
-0.7
0.35
2.87
2.93
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.05
-1.98
-10.83
-9.04
-13.32
-11.01
-10.47
Tangible Book Value per Share
1.56
3.13
20.01
10.86
5.72
6.7
7.12
Basic Weighted Avg Shares
57
57
38
60
71
78
80
Sales/Revenue/Turnover
92
446
685
773
1,005
1,261
1,278
Operating Margin (%)
15.24
-7.74
-45.96
-8.23
3.9
17.74
19.13
Depreciation Expense
- -
1
6
19
29
30
26
Net Income, GAAP
14
-91
-302
-128
-401
81
98
Effective Tax Rate (%)
6.02
- -
- -
- -
- -
- -
34.64
Profit Margin (%)
15.77
-20.44
-44.11
-16.62
-39.96
6.45
7.69
Working Capital
73
218
292
228
1,050
1,323
1,306
LT Debt
- -
38
142
368
644
824
781
Total Equity
194
484
765
666
442
555
599
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
35
34
147
LT Borrowings
767
824
781
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
80
82
83
Market Capitalization
2,288
1,636
932

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
265
1,455
1,544
Cash, Cash Equivalents & STI
218
1,194
1,259
Accounts Receivable, Net
- -
153
171
Inventories
- -
- -
- -
Total Current Liabilities
115
131
238
Payables & Accruals
80
74
91
ST Debt
35
34
147
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
37.32%
25.77%
Free Cash Flow
- -
329.47%
816.69%
Net Income, GAAP
- -
-92.71%
-120.28%
Sales/Revenue/Turnover
- -
101.61%
25.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
237
243
249
276
1,005
2025
283
318
340
321
1,261
2026
299
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.33
-1.04
-0.93
- -
-5.66
2025
0.1
0.22
0.29
0.42
1.04
2026
0.3
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Gal Krubiner
Full Time Employees
527
Sector
Technology
Industry
Software - Infrastructure
Address
Azrieli Sarona Building Tel Aviv Israel 6701203
IPO Date
Apr 21, 2021
Website
pagaya.com
Business
Pagaya Technologies Ltd. Pagaya Technologies Ltd. (NASDAQ: PGY) operates as an AI-driven financial technology company that provides machine learning-based infrastructure to financial institutions, enabling loan origination, underwriting, and risk management across consumer credit products including personal loans, auto loans, point-of-sale financing, buy now pay later options, and residential real estate solutions; its proprietary platform features a decision engine for credit assessment, marketing tools like PGY Affiliates and Prescreen for customer acquisition, intelligence products for portfolio optimization and fraud detection, dynamic verification for faster conversions, and compliance services integrated via API into partner networks. Founded in 2016 with dual headquarters in New York and Tel Aviv, Israel, the company primarily generates revenue from the United States while serving global partners through its network connecting lenders, banks, and investors to expand credit access without assuming credit risk. Recent developments include the acquisition of Theorem Technology, Inc. in 2024 to bolster consumer credit funds management, an inaugural auto forward flow agreement with Castlelake for up to $500 million in loans announced in November 2025 raising total forward flow capacity to approximately $5.5 billion since year-end 2024, a partnership with One William Street Capital Management for residual certificates in a AAA-rated auto ABS securitization, closure of a second $300 million AAA-rated POSH revolving ABS transaction, issuance of $500 million in corporate debt rated by major agencies, expansion of its revolving credit facility to $132 million at reduced rates, and a strategic partnership with Klarna alongside a $300 million bond backed by BNPL loans, all contributing to record Q3 2025 results with $350 million in revenue, $107 million adjusted EBITDA, and raised full-year guidance.

Company News

APIChat
  • KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2026-4 and Pagaya AI Debt Trust 2026-4

  • Is PGY Stock a Buy After Q1 Results and Higher 2026 Outlook?

  • Pagaya's Embedded Credit Flywheel: What to Watch in 2026

  • PGY Stock Explained: How Pagaya Makes Money in AI Credit

  • Why Pagaya Technologies Ltd. (PGY) Might be Well Poised for a Surge

  • All You Need to Know About Pagaya Technologies Ltd. (PGY) Rating Upgrade to Strong Buy

  • Wall Street Analysts Believe Pagaya Technologies Ltd. (PGY) Could Rally 77.98%: Here's is How to Trade

  • Pagaya Technologies Ltd. (PGY) Is Attractively Priced Despite Fast-paced Momentum

  • 4 Relative Price Strength Stocks to Buy as Markets Hit Record

  • New Strong Buy Stocks for June 1st

  • Best Value Stocks to Buy for June 1st

  • Pagaya: This AI Antithesis Might Be Undervalued (Rating Upgrade)

  • Pagaya Has Delivered Five Straight Profitable Quarters, So Why Is Nearly 20% Of The Float Still Short?

  • Upstart vs. Pagaya Technologies: Which Financial Stock Is a Better Buy in 2026?

  • This AI Stock Is Priced Like a Value Play, But Growing Like a Growth Stock

  • Pagaya to Participate in Upcoming Investor Conferences and Events

  • Pagaya Closes AAA-Rated Upsized $600 Million RPM 2026-3 Auto ABS Transaction

  • Former Citi Managing Director, Terry O'Neil, Joins Pagaya as Chief Commercial Officer

  • Got $1,000? This Blockbuster AI Fintech Stock Under $15 Is a Screaming Buy

  • Sezzle And Pagaya Partner Up To Expand BNPL Operations