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Pagaya Technologies PGY Business Segments — Personnel related costs

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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$1.8B-16.3%
Enterprise value$1.93B-14.0%
P/E18.4×
P/S1.4×-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:SegmentReportingPersonnelRelatedCosts.

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

Filed
Jun 1, 2026, 4:27 PM EDT
Fiscal year
FY2025
Accession
0001883085-26-000036
Line itemYear Ended December 31, 2025Year Ended December 31, 20242023
Personnel related costs$150,319$175,631$189,965
Non-personnel related costs138,045192,125137,542
Total (1)$288,364$367,756$327,507

Item 16. Form 10-K Summary

FAQ

What is Pagaya Technologies's business segments — personnel related costs?
Pagaya Technologies (PGY) reported business segments — personnel related costs of $37.58M in Q4 2025.
How has Pagaya Technologies's business segments — personnel related costs changed year-over-year?
Pagaya Technologies's business segments — personnel related costs decreased by 14.4% year-over-year, from $43.91M to $37.58M.
What is the long-term trend for Pagaya Technologies's business segments — personnel related costs?
Over 3 years (2022 to 2025), Pagaya Technologies's business segments — personnel related costs has grown at a -25.9% compound annual growth rate (CAGR), from $368.91M to $150.32M.
What does business segments — personnel related costs mean?
This metric represents the total compensation and benefits expenses directly attributable to the workforce supporting the company's primary reportable business segment. It encompasses salaries, bonuses, stock-based compensation, and related payroll taxes for employees dedicated to the segment's operations. Monitoring this figure helps investors assess the labor intensity and human capital investment required to sustain the segment's technological and operational output.

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