What are Pagaya Technologies's profit margins?

Pagaya Technologies (PGY) runs a 42.9% gross margin and a 22.3% operating margin, with a 7.4% net margin.

Where do Pagaya Technologies's ratios come from?

Every ratio is computed from Pagaya Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Pagaya Technologies PGY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	42.9%+0.4pp	42.4%+0.3pp	42.4%+1.5pp	42.3%+2.1pp	42.4%+3.2pp
Operating margin	22.3%+12.4pp	20.3%+13.8pp	17.3%—	13.7%—	9.9%—
Net margin	7.4%+42.0pp	6.3%+45.1pp	-15.3%+3.0pp	-24.4%-10.1pp	-34.6%-24.4pp
Returns
Return on equity	22.7%+100pp	20.2%+111pp	-42.4%-11.0pp	-62.9%-41.4pp	-77.4%-64.2pp
Return on invested capital	53.1%+32.9pp	46%+30.5pp	34.8%—	31.8%—	20.2%—
Efficiency
Asset turnover	0.9×+0.1×	0.9×+0.1×	0.9×—	0.8×—	0.8×—
Leverage
Debt-to-equity	1×-0.1×	1.1×0.0×	1.2×+0.6×	0.9×+0.4×	1.1×+0.6×
Net debt / EBITDA	0.4×-0.5×	0.8×-0.4×	1×-0.7×	0.5×0.0×	0.9×+6.7×
Per Share
Book value per share	$5.47+25.6%	$5.78+25.4%	$4.81-24.3%	$4.60-37.2%	$4.35-55.2%
Valuation
Market capitalization	$961.43M+21.8%	$1.68B+146%	$2.27B+200%	$1.51B+67.0%	$789.13M+10.9%
Price / earnings	9.8×—	20.6×—	——	——	——
Price / sales	0.7×0.0×	1.3×+0.6×	1.8×+1.0×	1.3×+0.3×	0.7×-0.1×
Price / book	1.8×-0.5×	3.5×+1.4×	5.2×+3.5×	4.1×+2.4×	2.4×+1.2×
EV / EBITDA	3.4×-3.3×	6.5×-1.9×	10.2×-7.8×	8.5×-32.4×	6.7×-144×

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Questions, answered.

What are Pagaya Technologies's profit margins?: Pagaya Technologies (PGY) runs a 42.9% gross margin and a 22.3% operating margin, with a 7.4% net margin.
Where do Pagaya Technologies's ratios come from?: Every ratio is computed from Pagaya Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.