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%0.0pp	42.4%+0.2pp	42.3%-0.2pp	42.4%+0.3pp
Operating margin	22.3%+2.0pp	20.3%+2.9pp	17.3%+3.6pp	13.7%+3.8pp	9.9%+3.4pp
Net margin	7.4%+1.1pp	6.3%+21.6pp	-15.3%+9.0pp	-24.4%+10.2pp	-34.6%+4.3pp
Returns
Return on equity	22.7%+2.5pp	20.2%+62.6pp	-42.4%+20.5pp	-62.9%+14.5pp	-77.4%+13.2pp
Return on invested capital	53.1%+7.1pp	46%+11.2pp	34.8%+2.9pp	31.8%+11.7pp	20.2%+4.7pp
Efficiency
Asset turnover	0.9×0.0×	0.9×0.0×	0.9×+0.1×	0.8×0.0×	0.8×0.0×
Leverage
Debt-to-equity	1×-0.1×	1.1×-0.1×	1.2×+0.3×	0.9×-0.1×	1.1×0.0×
Net debt / EBITDA	0.4×-0.4×	0.8×-0.3×	1×+0.6×	0.5×-0.4×	0.9×-0.3×
Per Share
Book value per share	$5.47-5.3%	$5.78+20.0%	$4.81+4.6%	$4.60+5.7%	$4.35-5.5%
Valuation
Market capitalization	$1.26B-9.9%	$1.68B-26.1%	$2.27B+50.5%	$1.51B+91.5%	$789.13M+15.3%
Price / earnings	12.8×—	20.6×—	——	——	——
Price / sales	1×-0.4×	1.3×-0.5×	1.8×+0.5×	1.3×+0.6×	0.7×+0.1×
Price / book	2.4×-1.8×	3.5×-1.7×	5.2×+1.1×	4.1×+1.8×	2.4×+0.3×
EV / EBITDA	4.3×-6.8×	6.5×-3.8×	10.2×+1.8×	8.5×+1.8×	6.7×-1.7×

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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.