What is Pagaya Technologies's current ratio?

Pagaya Technologies (PGY) reported current ratio of 1.4× in Q2 2025.

How has Pagaya Technologies's current ratio changed year-over-year?

Pagaya Technologies's current ratio decreased by 4.9% year-over-year, from 1.5× to 1.4×.

What is the long-term trend for Pagaya Technologies's current ratio?

Over 2 years (2022 to 2024), Pagaya Technologies's current ratio has grown at a -26.0% compound annual growth rate (CAGR), from 3.3× to 1.8×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Pagaya Technologies PGY Current ratio

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Other financials

Income statement

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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

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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

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Operating cash flow$43.2M+25.4%

CapEx$3.2M-15.9%

Free cash flow$40.0M+30.5%

Valuation

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Market cap$1.26B+21.8%

Enterprise value$1.39B+19.3%

P/E12.8×—

P/S1×0.0×

Profitability

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Gross margin42.9%+0.4pp

Operating margin22.3%+12.4pp

Net margin7.4%+4.0pp

FCF margin17.6%—

Returns & leverage

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Return on equity22.7%+12.8pp

Debt / equity1×-0.1×

Where this comes from

Calculated from Pagaya Technologies’s reported figures.

total current assets/total current liabilities=1.4×

Based on the most recent quarter.

The official record: Pagaya Technologies’s 10-Q, filed August 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pagaya Technologies's current ratio?: Pagaya Technologies (PGY) reported current ratio of 1.4× in Q2 2025.
How has Pagaya Technologies's current ratio changed year-over-year?: Pagaya Technologies's current ratio decreased by 4.9% year-over-year, from 1.5× to 1.4×.
What is the long-term trend for Pagaya Technologies's current ratio?: Over 2 years (2022 to 2024), Pagaya Technologies's current ratio has grown at a -26.0% compound annual growth rate (CAGR), from 3.3× to 1.8×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.