Sunday 18 October 2026 Export PGY’s income statement to Excel — free account

Pagaya Technologies Ltd.

Pagaya Technologies Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 26.1% from fiscal 2024. In the quarter to June 2026, revenue grew 18.6%, EPS grew 165.0%, free cash flow grew 33.1% and total debt rose 25.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

17.23 0.68 −3.80%

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Market cap: $1.5B
P/E: 11.5×
Fwd P/E: 10.3×
Dividend yield: —
F-score: 7/9
Altman Z: 2.62
Beneish M: −2.81
Dividend safety: 70/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '17	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	—	13.07	0.00	0.00	0.00	0.00	21.33
Piotroski F-Score Full definition →	—	—	—	1	4	5	7
Altman Z-Score Full definition →	—	—	3.77	0.92	1.30	1.39	2.62
P/S ratio Full definition →	—	0.00	0.00	0.67	1.15	0.64	1.26
P/FCF ratio Full definition →	—	0.00	44.89	0.00	0.00	21.94	7.29
Altman Z″-Score (non-manufacturers) Full definition →	—	23.17	2.19	1.80	0.93	3.75	5.30
P/Operating CF Full definition →	—	(105.52)	161.41	(238.19)	49.43	23.64	20.52
Beneish M-Score Full definition →	—	—	(1.54)	(3.20)	(3.01)	(4.37)	(2.81)
P/B ratio Full definition →	—	16.88	10.93	0.66	1.41	1.49	2.95
Dividend Safety Score Full definition →	—	—	—	—	—	—	70
Price to Tangible BV Full definition →	—	16.88	10.93	0.66	1.44	1.62	3.12
EV/Sales Full definition →	—	0.00	0.00	0.44	1.35	0.27	0.97
EV/EBITDA Full definition →	—	0.00	0.00	0.00	0.00	2.91	4.29
EV/Operating CF Full definition →	—	0.00	35.53	(8.16)	114.07	5.82	5.29
EV/FCF Full definition →	—	0.00	40.98	(5.23)	(102.95)	9.26	5.62
Quick Ratio Full definition →	—	17.68	8.38	3.07	3.81	8.67	10.55
Current Ratio Full definition →	—	18.04	8.60	3.28	4.05	8.67	10.55
Net Debt/EBITDA Full definition →	—	(2.81)	33.78	0.73	(29.56)	(3.98)	(1.90)
Debt/Assets Full definition →	0.00%	0.98%	6.65%	14.80%	29.93%	48.35%	43.70%
Debt/Equity Full definition →	—	0.01	0.22	0.20	0.54	1.21	1.15
Asset Turnover Full definition →	—	0.97	1.19	0.92	0.72	0.83	0.92
Operating CF/Net income Full definition →	—	0.87	(0.37)	0.13	(0.07)	(0.12)	2.93
Capex/Depreciation Full definition →	—	(3.78)	(8.13)	(3.56)	(1.06)	(0.81)	(0.46)
ROE Full definition →	—	3.95%	(101.18%)	(66.72%)	(17.95%)	(72.50%)	16.33%
ROA Full definition →	—	4.81%	(33.81%)	(38.47%)	(11.40%)	(32.12%)	5.74%
ROIC Full definition →	—	9.95%	(41.84%)	(26.79%)	(1.86%)	30.92%	603.42%
Return on Tangible Assets Full definition →	—	6.62%	(59.56%)	(97.24%)	(47.56%)	(38.62%)	6.33%
Average Days of Receivables Full definition →	—	47.23	24.87	28.86	35.75	44.95	42.98
Research and Development Expense of Revenue Full definition →	—	12.46%	13.95%	20.15%	9.16%	7.42%	5.78%
Selling, General and Administrative Expense of Revenue Full definition →	—	16.50%	38.32%	53.20%	31.17%	28.21%	16.38%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.01	0.03	0.02
Share Based Compensation of Revenue Full definition →	—	0.16%	14.28%	32.27%	8.75%	5.96%	4.16%
Graham Net Nets Full definition →	—	(3.35)	(0.09)	0.28	(0.26)	0.54	0.24
Graham Number Full definition →	—	0.00	0.00	0.00	0.00	0.00	12.50
Earnings Yield Full definition →	—	7.65%	(3.59%)	(77.18%)	(13.85%)	(59.20%)	4.69%
Free Cash Flow Yield Full definition →	—	0.00%	2.23%	(12.36%)	(1.13%)	4.56%	13.73%
Revenue per Share Full definition →	—	1,162.09	29.17	19.58	13.53	14.56	16.61
Operating CF per Share Full definition →	—	49.96	3.06	(1.05)	0.16	0.67	3.05
Capex per Share Full definition →	—	(12.88)	(0.41)	(0.59)	(0.34)	(0.33)	(0.18)
Free Cash Flow per Share Full definition →	—	37.09	2.65	(1.63)	(0.18)	0.35	2.87
Cash per Share Full definition →	—	735.15	12.78	8.71	3.43	14.18	15.75
Shareholders Equity per Share Full definition →	—	2,278.47	10.90	20.01	11.09	7.28	7.47
Interest Debt per Share Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	—	2,278.47	10.90	20.01	11.09	7.28	7.47
Free Cash Flow Full definition →	—	3.16	43.19	(62.41)	(10.61)	24.51	224.72
Working Capital Full definition →	—	72.71	217.86	291.80	228.48	1,001.41	1,255.40
Capital Expenditures Full definition →	—	(1.10)	(6.62)	(22.41)	(20.19)	(23.24)	(13.90)
Net Current Asset Value Full definition →	—	66.83	(166.37)	140.16	(239.22)	356.77	426.41
EV/EBIT Full definition →	—	0.00	0.00	0.00	0.00	4.16	4.78
Capex to Sales Full definition →	—	0.01	0.01	0.03	0.02	0.02	0.01
Price to Operating Income Full definition →	—	0.00	0.00	0.00	0.00	9.85	6.21
Other line items
Depreciation/Fixed assets Full definition →	—	0.19	0.11	0.20	0.46	0.76	1.00
Cash ROIC Full definition →	—	1.22%	10.17%	(4.98%)	(0.86%)	1.14%	9.01%
Accounts Receivable Turnover Full definition →	—	0.00	21.03	16.36	11.71	9.99	9.28
Accounts Payable Turnover Full definition →	—	0.00	38.21	67.74	336.49	144.40	137.17
Inventory Turnover Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	—	4.32	18.19	1.41	0.92	4.27	1.92
Days of Inventory on Hand Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	—	—	22.57	45.78	69.37	103.32	140.18
Average Payables Full definition →	—	—	6.08	6.66	1.51	4.14	5.46
Average Assets Full definition →	—	102.14	397.27	817.67	1,126.73	1,249.72	1,418.49
Average Common Equity Full definition →	—	124.36	132.75	471.39	715.59	553.65	498.45

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