Pagaya Technologies Ltd. PGY R2K
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.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 22.5% over 5 years.
- Profit CAGR of 42.3% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 65.5% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
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
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
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. R2K | 15.12 | 13.50 | $1.25B | - | 15.82% | 16.26% | 22.54% | 42.31% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 282.70M | 317.71M | 339.89M | 321.04M | 298.99M |
| Cost of Revenue | - | 167.08M | 191.47M | 200.57M | 190.05M | 177.56M |
| Gross Profit | - | 115.62M | 126.25M | 139.31M | 130.99M | 121.43M |
| Operating Expenses | - | 75.22M | 78.46M | 69.63M | 65.05M | 60.38M |
| Operating Income | - | 40.40M | 47.78M | 69.68M | 65.94M | 61.05M |
| EBITDA | - | 48.12M | 55.38M | 77.32M | 73.07M | 64.91M |
| Interest Expense | - | - | - | - | - | - |
| Pretax Income | - | -48.00K | 21.54M | 8.06M | 22.07M | 27.31M |
| Tax Provision | - | -2.54M | 4.98M | -15.21M | -6.97M | 3.15M |
| Net Income | - | 7.89M | 16.66M | 22.55M | 34.30M | 24.69M |
| Diluted EPS | - | 0.10 | 0.20 | 0.23 | 0.36 | 0.29 |
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 |
Compounded Sales Growth
| 5 Years: | 22.54% |
| 1 Year: | 9.60% |
Compounded Profit Growth
| 5 Years: | 42.31% |
| 1 Year: | 183.80% |
Stock Price Performance
| 1 Year: | -8.03% |
| 6 Months: | -36.63% |
| 3 Months: | +35.12% |
| 1 Month: | +17.07% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 1.05B | 1.21B | 1.29B | 1.55B |
| Current Assets | - | 419.82M | 303.40M | 1.18B | 1.45B |
| Cash & Equivalents | - | 309.79M | 186.48M | 187.92M | 235.33M |
| Inventory | - | - | - | - | - |
| Receivables | - | 59.22M | 79.53M | 127.11M | 153.25M |
| Total Liabilities | - | 279.66M | 542.63M | 849.53M | 990.56M |
| Current Liabilities | - | 128.02M | 74.92M | 130.63M | 131.47M |
| Long Term Debt | - | 92.80M | 324.03M | 643.75M | 824.27M |
| Total Debt | - | 212.26M | 412.58M | 680.81M | 858.48M |
| Total Equity | - | 553.52M | 559.72M | 326.49M | 480.02M |
| Shares Outstanding | - | 56.94M | 62.04M | 73.88M | 82.04M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -40.00M | -21.66M | 47.75M | 238.62M |
| Investing Cash Flow | - | -265.42M | -381.46M | -479.88M | -309.71M |
| Financing Cash Flow | - | 437.92M | 289.10M | 436.69M | 129.60M |
| Capital Expenditure | - | -22.41M | -20.19M | -23.24M | -13.90M |
| Free Cash Flow | - | -62.41M | -41.85M | 24.51M | 224.72M |
| Net Change in Cash | - | 132.50M | -114.02M | 4.56M | 58.51M |
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% | 3.4% | 15.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Viola Ventures V.c. Management 4 Ltd. | 18.37% | 98.11M | $1.48B |
| 2 | Clal Insurance Enterprises Holdings Ltd | 4.02% | 21.47M | $324.61M |
| 3 | Millennium Management Llc | 1.11% | 5.93M | $89.72M |
| 4 | Nuveen Asset Management, LLC | 1.05% | 5.59M | $84.51M |
| 5 | Ejf Capital Llc | 1.04% | 5.56M | $84.00M |
| 6 | Blackrock Inc. | 0.70% | 3.74M | $56.52M |
| 7 | Morgan Stanley | 0.67% | 3.60M | $54.36M |
| 8 | Yarra Square Partners, LP | 0.56% | 2.97M | $44.91M |
| 9 | Two Sigma Investments, LP | 0.56% | 2.97M | $44.87M |
| 10 | JTC Employer Solutions Trusteee Ltd | 0.52% | 2.76M | $41.76M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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