Pagaya Technologies Ltd. PGY R2KTECHAI
Company Overview
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. Its partners include financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers. The company was founded in 2016 and is headquartered in New York, New York.
Why Investors Should Care
Generates a return on equity of 19.5%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 16.6%.
Revenue has grown at a 22.5% CAGR over the past five years.
Trades at a P/E of 13.5, below the sector median of 30.3.
Operating margin of 27.3% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $1.26B (+25.6% YoY); net profit $81.39M.
- Trailing 12 Months Year-on-year growth — revenue +18.6%, earnings +143.3%.
- 5-Year Trend Long-term compounding — revenue CAGR 22.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 22.54% |
| 1 Year: | 18.60% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | 143.30% |
Stock Price Performance
| 1 Year: | -43.75% |
| 6 Months: | +40.43% |
| 3 Months: | +12.53% |
| 1 Month: | +1.95% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Pagaya Technologies uses data science and proprietary AI to underwrite consumer credit for lending partners and institutional investors.
AI-driven credit decisioning that helps partners approve more applicants and routes assets to institutional investors.
- AI credit underwriting Pagaya's AI evaluates loan applications its partners would otherwise decline, expanding approvals.
- Decline monetisation Its flagship product automatically re-underwrites rejected applications using AI.
- Capital-markets engine AI-selected assets are funded by institutional investors via securitisation.
- AI-credit platform monetising partner application flow with capital-light economics.
- Profitable on a reported basis (net ~7%) with strong revenue scale.
- Credit-cycle exposure and reliance on funding markets are key risks.
- Securitisation-market conditions heavily influence results.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 22.5% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 56.4% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PGY Pagaya Technologies Ltd. R2KTECHAI | 19.08 | 13.53 | $1.38B | 0.00% | 16.57% | 19.46% | 22.54% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 210.96 | 26.64 | $5.09T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 347.72 | 39.88 | $5.07T | 0.32% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 524.51 | 29.19 | $3.89T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 418.51 | 31.19 | $2.17T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 321.68 | 41.08 | $1.54T | 0.72% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 877.55 | 19.82 | $991.10B | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 516.79 | 131.83 | $843.65B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,571.80 | 51.02 | $603.73B | 0.50% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 175.25M | 185.69M | 201.45M | 237.00M | 242.59M | 249.28M | 282.70M | 317.71M | 339.89M | 298.99M | 365.64M |
| Operating Income | -24.98M | -10.24M | 162.00K | 7.69M | 5.03M | 22.38M | 47.69M | 56.47M | 79.96M | 80.00M | 105.80M |
| Net Income | -60.97M | -31.30M | -21.75M | -21.22M | -74.78M | -67.48M | 7.89M | 16.66M | 22.55M | 24.69M | 45.27M |
| Diluted EPS | -1.03 | -0.53 | -0.36 | -0.33 | -1.04 | -0.93 | 0.10 | 0.20 | 0.23 | 0.28 | 0.49 |
| R&D Expense | 21.13M | 17.66M | 18.04M | 19.38M | 21.93M | 16.66M | 19.44M | 18.45M | 18.24M | 15.94M | 17.35M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 685.41M | 772.81M | 1.00B | 1.26B |
| Cost of Revenue | - | 451.08M | 508.94M | 597.65M | 749.17M |
| Gross Profit | - | 234.33M | 263.87M | 406.90M | 512.17M |
| Operating Expenses | - | 549.35M | 327.51M | 367.76M | 288.36M |
| Operating Income | - | -315.02M | -63.64M | 39.14M | 223.81M |
| EBITDA | - | -308.73M | -44.51M | 67.89M | 253.88M |
| Interest Expense | - | - | - | - | - |
| Pretax Income | - | -276.37M | -181.17M | -421.12M | 51.62M |
| Tax Provision | - | 16.40M | 15.57M | 24.58M | -19.75M |
| Net Income | - | -302.32M | -128.44M | -401.41M | 81.39M |
| Diluted EPS | - | -8.28 | -2.14 | -5.66 | 0.93 |
| R&D Expense | 66.21M | 150.93M | 74.38M | 76.57M | 75.21M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.05B | 1.21B | 1.29B | 1.55B |
| Total Equity | 88.14M | 177.35M | 553.52M | 559.72M | 326.49M | 480.02M |
| Cash & Equivalents | - | 190.78M | 309.79M | 186.48M | 187.92M | 235.33M |
| Long Term Debt | - | - | - | - | 321.32M | - |
| Total Liabilities | - | - | 279.66M | 468.38M | 775.28M | 960.46M |
| Current Liabilities | - | - | 128.02M | 74.92M | 195.49M | - |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | 49.81M | -40.00M | -21.66M | 47.75M | 238.62M |
| Investing Cash Flow | -140.74M | -265.42M | -381.46M | -479.88M | -309.71M |
| Financing Cash Flow | 289.62M | 437.92M | 289.10M | 436.69M | 129.60M |
| Capital Expenditure | -6.62M | -22.41M | -20.19M | -17.74M | -13.90M |
| Free Cash Flow | 43.19M | -62.41M | -41.85M | 30.01M | 224.72M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 34.2% | 34.1% | 40.5% | 40.6% |
| Operating Margin % | - | -46.0% | -8.2% | 3.9% | 17.7% |
| Net Margin % | - | -44.1% | -16.6% | -40.0% | 6.5% |
| ROE % | - | -54.6% | -22.9% | -122.9% | 17.0% |
| ROCE % | - | -34.4% | -5.6% | 3.6% | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Viola Ventures V.c. Management 4 Ltd. | 18.37% | 98.11M | $1.79B |
| 2 | Clal Insurance Enterprises Holdings Ltd | 4.02% | 21.47M | $391.17M |
| 3 | Millennium Management Llc | 1.11% | 5.93M | $108.12M |
| 4 | Nuveen Asset Management, LLC | 1.05% | 5.59M | $101.84M |
| 5 | Ejf Capital Llc | 1.04% | 5.56M | $101.22M |
| 6 | Blackrock Inc. | 0.70% | 3.74M | $68.11M |
| 7 | Morgan Stanley | 0.67% | 3.60M | $65.50M |
| 8 | Yarra Square Partners, LP | 0.56% | 2.97M | $54.11M |
| 9 | Two Sigma Investments, LP | 0.56% | 2.97M | $54.07M |
| 10 | JTC Employer Solutions Trusteee Ltd | 0.52% | 2.76M | $50.32M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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PGY — Frequently Asked Questions
What is the current share price of Pagaya Technologies Ltd. (PGY)?
As of 2026-10-23 16:27 PDT, Pagaya Technologies Ltd. (PGY) trades at $19.08 on NasdaqCM. Its 52-week range is $10.64 to $43.81.
What is the market capitalisation of PGY?
Pagaya Technologies Ltd. (PGY) has a market capitalisation of $1.38B on NasdaqCM.
What is the P/E ratio of PGY?
PGY trades at a trailing price-to-earnings (P/E) ratio of 13.53. The industry average P/E is 30.29. Its price-to-book (P/B) ratio is 2.86.
What is the return on equity (ROE) of PGY?
PGY has a return on equity (ROE) of 19.46%. Its return on capital employed (ROCE) is 16.57%.
Is PGY a good stock to buy?
This page provides a data-driven analysis of Pagaya Technologies Ltd. (PGY), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.