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Pagaya Technologies PGY Q1 2026 Annual earnings

Reported May 7, 2026 · Before market open

Revenue$317.9MMiss by $5.9M
EPS$0.28Miss by $0.04
Revenue estimate$323.8M
EPS estimate$0.32

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$356.5M
EPS estimate$0.32

Financials

Q1 2026

Income statement

See full
Revenue$317.9M+9.6%
Gross profit$140.4M+14.2%
Operating income$80.0M+67.8%
Net income$24.7M+213%
EPS (diluted)$0.28+180%

Balance sheet

See full
Cash & equivalents$380.0M+65.5%
Total debt$507.6M+43.8%
Total equity$529.3M+57.8%
Total assets$1.6B+29.0%

Cash flow

See full
Operating cash flow$43.2M+25.4%
CapEx$3.2M-15.9%
Free cash flow$40.0M+30.5%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$1.41B-40.1%
Enterprise value$1.54B-37.1%
P/E14.4×—
P/S1.1×-1.0×

Profitability

See full
Gross margin42.9%+0.4pp
Operating margin22.3%+12.4pp
Net margin7.4%+4.0pp
FCF margin17.6%—

Returns & leverage

See full
Return on equity22.7%+12.8pp
Debt / equity1×-0.1×

Segments

By product

See full
Network AI Fees$266.9M+6.1%
Financial Service$32.1M+2.9%

Versus estimates

Revenue

Q1 2026$317.9MMiss by $5.9M
Q4 2025$334.8MMiss by $14.6MQ3 2025$350.2MBeat by $11.8MQ2 2025$317.7MMiss by $21.2MQ1 2025$282.7MMiss by $3.5MQ4 2024$275.7MMiss by $3.0M

Diluted EPS

Q1 2026$0.28Miss by $0.04
Q4 2025$0.36Beat by $0.02Q3 2025$0.23Beat by $0.02Q2 2025$0.64Miss by $0.05Q1 2025$0.69Beat by $0.29Q4 2024$0.17Miss by $0.15

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Questions, answered.

When did Pagaya Technologies report Q1 2026 earnings?
Pagaya Technologies (PGY) reported Q1 2026 earnings on May 7, 2026 before market open.
What were Pagaya Technologies's Q1 2026 revenue and EPS?
Pagaya Technologies reported revenue of $317.9M and eps of $0.28 for Q1 2026.
Did Pagaya Technologies beat estimates in Q1 2026?
Revenue missed the consensus estimate of $323.8M by $5.9M. EPS missed the consensus estimate of $0.32 by $0.04.
How did Pagaya Technologies's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.5% from $282.7M a year earlier and eps declined 59.4% from $0.69.
Where can I find Pagaya Technologies's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001883085-26-000027) and the 10-K/A periodic report (0001628280-26-028608) directly on SEC EDGAR. The filing index links above go to sec.gov.