6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | $81M | 40.6% | 20.9% | $225M | — | $235M |
| 2024 | $1.0B | -$401M | 40.5% | 6.7% | $30M | $321M | $188M |
| 2023 | $773M | -$128M | 34.1% | -3.2% | -$42M | — | $186M |
| 2022 | $685M | -$302M | 34.2% | -36.7% | -$62M | — | $310M |
| 2021 | $446M | -$91M | 47.9% | -1.3% | $43M | — | $191M |
| 2020 | $92M | $14M | 46.5% | 23.2% | $3M | — | $5M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $299M | $25M | 40.6% | 26.8% | $40M | — | $318M |
| Dec '25 | $321M | $34M | 40.8% | 24.8% | $77M | — | $235M |
| Sep '25 | $340M | $23M | 41.0% | 23.5% | $64M | — | $218M |
| Jun '25 | $318M | $17M | 39.7% | 17.8% | $54M | — | $183M |
| Mar '25 | $283M | $8M | 40.9% | 16.9% | $31M | $318M | $187M |
| Dec '24 | $276M | -$238M | 42.6% | 11.5% | $24M | $321M | $188M |
| Sep '24 | $249M | -$67M | 40.2% | 9.0% | -$11M | $230M | $147M |
| Jun '24 | $243M | -$75M | 40.0% | 2.1% | $5M | $233M | $234M |
| Mar '24 | $237M | -$21M | 38.9% | 3.2% | $13M | $235M | $274M |
| Dec '23 | $210M | -$14M | 36.1% | 5.1% | $14M | — | $186M |
| Sep '23 | $201M | -$22M | 36.1% | 0.1% | $11M | — | $253M |
| Jun '23 | $186M | -$31M | 35.0% | -5.5% | -$7M | — | $304M |
| Mar '23 | $175M | -$61M | 28.6% | -14.3% | -$29M | — | $289M |
| Jun '22 | $163M | -$175M | 35.7% | -92.2% | — | — | $415M |
How the market has priced PGYWW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Pagaya Technologies Ltd.'s revenue has grown 68.9% per year, and net income grown 41.3% per year. These are computed facts, not advice.
As of FY2025, Pagaya Technologies Ltd. reported — of total debt against $235M of cash.
In FY2025, gross margin was 40.6%, operating margin 20.9%, and net margin 6.5%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.