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Pagaya Technologies PGY Initial recognition (derecognition) of right-of-use assets and operating lease liability

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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 pgy:RecognitionDerecognitionOfRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability.

The source filing: Pagaya Technologies’s 10-K/A, filed June 1, 2026. Open the filing →

Filed
Jun 1, 2026, 4:27 PM EDT
Fiscal year
FY2025
Accession
0001883085-26-000036

FAQ

What is Pagaya Technologies's initial recognition (derecognition) of right-of-use assets and operating lease liability?
Pagaya Technologies (PGY) reported initial recognition (derecognition) of right-of-use assets and operating lease liability of -$28.25K in Q4 2025.
How has Pagaya Technologies's initial recognition (derecognition) of right-of-use assets and operating lease liability changed year-over-year?
Pagaya Technologies's initial recognition (derecognition) of right-of-use assets and operating lease liability increased by 99.4% year-over-year, from -$4.43M to -$28.25K.
What is the long-term trend for Pagaya Technologies's initial recognition (derecognition) of right-of-use assets and operating lease liability?
Over 3 years (2022 to 2025), Pagaya Technologies's initial recognition (derecognition) of right-of-use assets and operating lease liability has grown at a -88.2% compound annual growth rate (CAGR), from $68.82M to -$113K.
What does initial recognition (derecognition) of right-of-use assets and operating lease liability mean?
Captures the non-cash impact of recognizing or derecognizing right-of-use assets and corresponding lease liabilities upon the inception, modification, or termination of lease contracts. This metric reflects changes in the company's balance sheet position regarding leased assets without an immediate cash impact. It is essential for understanding how lease accounting standards influence the company's reported asset and liability base.

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