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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$1.78B-17.6%
Enterprise value$1.9B-15.2%
P/E18.1×
P/S1.3×-0.5×

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 / equity-0.1×
Current ratio1.4×-0.1×

Where this comes from

Reported directly by Pagaya Technologies in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Pagaya Technologies’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001883085-26-000031
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Gains and (losses) on investments in loans and securities (2)(37,996)(29,024)
Other expenses, net (2)(15,466)(18,709)
Gains from extinguishment of debt767
Income (Loss) Before Income Taxes27,310(48)
Income tax expense (benefit)3,149(2,540)
Net Income Including Noncontrolling Interests24,1612,492
Less: Net loss attributable to noncontrolling interests(533)(5,401)
Net Income Attributable to Pagaya Technologies Ltd.$24,694$7,893

Item 1. Financial Statements

FAQ

What is Pagaya Technologies's pre-tax income?
Pagaya Technologies (PGY) reported pre-tax income of $27.31M in Q1 2026.
How has Pagaya Technologies's pre-tax income changed year-over-year?
Pagaya Technologies's pre-tax income increased by 56995.8% year-over-year, from -$48K to $27.31M.
What is the long-term trend for Pagaya Technologies's pre-tax income?
Over 4 years (2021 to 2025), Pagaya Technologies's pre-tax income has grown at a -4.3% compound annual growth rate (CAGR), from -$61.65M to $51.63M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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