What is Pagaya Technologies's debt-to-assets?

Pagaya Technologies (PGY) reported debt-to-assets of 0.3× in Q1 2026.

How has Pagaya Technologies's debt-to-assets changed year-over-year?

Pagaya Technologies's debt-to-assets increased by 11.5% year-over-year, from 0.3× to 0.3×.

What is the long-term trend for Pagaya Technologies's debt-to-assets?

Over 3 years (2022 to 2025), Pagaya Technologies's debt-to-assets has grown at a 20.9% compound annual growth rate (CAGR), from 0.2× to 0.3×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

Pagaya Technologies PGY Debt-to-assets

Debt-to-assets at other companies

Fair IsaacFICO

1.8×+0.4×

Upstart Holdings, Inc.UPST

0.7×+0.1×

Pathward Financial, Inc.CASH

0×0.0×

nCino, Inc.NCNO

0.2×+0.2×

The BancorpTBBK

0×0.0×

OppFiOPFI

0×0.0×

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-9.9%

Enterprise value$1.39B-8.8%

P/E12.8×—

P/S1×-0.4×

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×

Current ratio1.4×-0.1×

Where this comes from

Calculated from Pagaya Technologies’s reported figures.

total debt/total assets=0.3×

Based on the most recent quarter.

The official record: Pagaya Technologies’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pagaya Technologies's debt-to-assets?: Pagaya Technologies (PGY) reported debt-to-assets of 0.3× in Q1 2026.
How has Pagaya Technologies's debt-to-assets changed year-over-year?: Pagaya Technologies's debt-to-assets increased by 11.5% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Pagaya Technologies's debt-to-assets?: Over 3 years (2022 to 2025), Pagaya Technologies's debt-to-assets has grown at a 20.9% compound annual growth rate (CAGR), from 0.2× to 0.3×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.