Pagaya Technologies (PGY)
Connects lending partners with institutional capital through AI-driven credit infrastructure.
$20.78
After hours+0.02 (+0.10%)
At close$20.76(−0.67%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 201 | 210 | 237 | 243 | 249 | 276 | 283 | 318 | 340 | 321 | 299 | 366 |
| Cost of revenue | 129 | 134 | 145 | 146 | 149 | 158 | 167 | 191 | 201 | 190 | 178 | 219 |
| Gross profit | 73 | 76 | 92 | 97 | 100 | 117 | 116 | 126 | 139 | 131 | 121 | 147 |
| 72 | 65 | 84 | 92 | 78 | 86 | 75 | 78 | 70 | 65 | 60 | 63 | |
| Research & development | 18 | 18 | 19 | 22 | 17 | 19 | 19 | 18 | 18 | 19 | 16 | 17 |
| 65 | 55 | 73 | 78 | 69 | 71 | 56 | 60 | 51 | 46 | 44 | 45 | |
| Selling & marketing | 11 | 10 | 10 | 13 | 11 | 15 | 10 | 20 | 14 | 10 | 11 | 10 |
| General & administrative | 53 | 46 | 63 | 64 | 58 | 55 | 46 | 40 | 37 | 36 | 33 | 35 |
| Other expenses | −10 | −8 | −8 | −8 | −8 | −4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating income | 0 | 11 | 8 | 5 | 22 | 32 | 40 | 48 | 70 | 66 | 61 | 84 |
| −47 | −26 | −34 | −73 | −108 | −272 | −40 | −26 | −62 | −44 | −34 | −43 | |
| Interest income | 10 | 8 | 8 | 8 | 9 | 8 | 8 | 11 | 15 | 15 | 18 | 22 |
| Other non-operating income | 10 | 8 | 8 | 8 | 8 | 4 | 40 | 26 | 62 | 44 | 34 | 43 |
| Income before tax | −47 | −15 | −27 | −68 | −86 | −241 | 0 | 22 | 8 | 22 | 27 | 41 |
| Income tax expense | −1 | 5 | 5 | 15 | −12 | 17 | −3 | 5 | −15 | −7 | 3 | −1 |
| Net income from continuing operations | −46 | −20 | −32 | −83 | −74 | −257 | 2 | 17 | 23 | 29 | 24 | 42 |
| Net income | −22 | −14 | −21 | −75 | −67 | −238 | 8 | 17 | 23 | 34 | 25 | 45 |
| EPS, basic | −$0.36 | −$0.24 | −$0.33 | −$1.04 | −$0.93 | −$3.20 | $0.10 | $0.20 | $0.27 | $0.41 | $0.29 | $0.53 |
| EPS, diluted | −$0.33 | −$0.23 | −$0.33 | −$1.04 | −$0.93 | −$3.20 | $0.10 | $0.20 | $0.23 | $0.36 | $0.29 | $0.49 |
| Weighted average shares, basic | 60 | 61 | 65 | 72 | 73 | 74 | 76 | 77 | 79 | 82 | 83 | 83 |
| Weighted average shares, diluted | 66 | 63 | 65 | 72 | 73 | 74 | 77 | 80 | 91 | 102 | 97 | 97 |
| EBITDA | −5 | 9 | 6 | 4 | 22 | 36 | 8 | 29 | 16 | 29 | 31 | 45 |
| Depreciation & amortization | 5 | 6 | 6 | 7 | 7 | 8 | 8 | 8 | 8 | 7 | 4 | 4 |
| EBIT | −10 | 3 | −1 | −3 | 14 | 28 | 0 | 22 | 8 | 22 | 27 | 41 |