Pagaya Technologies PGY Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM 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%— | 20.3%— | 17.3%— | —— | —— | |
| 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%— | -77.4%— | |
| Return on invested capital | 53.1%— | 46%— | 34.8%— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.9×— | 0.9×— | 0.9×— | —— | —— | |
| Leverage | ||||||
| Debt-to-equity | 1×-0.1× | 1.1×0.0× | 1.2×+0.6× | 0.9×— | 1.1×— | |
| Net debt / EBITDA | 0.4×-0.5× | 0.8×-0.4× | 1×— | 0.5×— | 0.9×— | |
| 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 | $1.26B-9.9% | $1.68B+146% | $2.27B+200% | $1.51B+67.0% | $789.13M+10.9% | |
| Price / sales | 1×-0.4× | 1.3×+0.6× | 1.8×+1.0× | 1.3×+0.3× | 0.7×-0.1× | |
| Price / book | 2.4×-1.8× | 3.5×+1.4× | 5.2×+3.5× | 4.1×+2.4× | 2.4×+1.2× | |
| EV / EBITDA | 4.3×-6.8× | 6.5×-1.9× | 10.2×— | 8.5×— | 6.7×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
