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Pagaya Technologies PGY Business Segments — Total Costs & Expenses

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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-9.9%
Enterprise value$1.39B-8.8%
P/E12.8×
P/S-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 / 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:CostsAndExpenses.

The official record: Pagaya Technologies’s 10-K/A, filed June 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pagaya Technologies's business segments — total costs & expenses?
Pagaya Technologies (PGY) reported business segments — total costs & expenses of $72.09M in Q4 2025.
How has Pagaya Technologies's business segments — total costs & expenses changed year-over-year?
Pagaya Technologies's business segments — total costs & expenses decreased by 21.6% year-over-year, from $91.94M to $72.09M.
What is the long-term trend for Pagaya Technologies's business segments — total costs & expenses?
Over 3 years (2022 to 2025), Pagaya Technologies's business segments — total costs & expenses has grown at a -19.3% compound annual growth rate (CAGR), from $549.35M to $288.36M.
What does business segments — total costs & expenses mean?
This metric represents the aggregate operating costs incurred by the reportable segment to generate revenue and support its core business activities. It is the sum of all personnel and non-personnel expenditures directly associated with the segment's operations. Analyzing this total allows stakeholders to evaluate the overall cost structure and profitability profile of the segment relative to its revenue generation.