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Pagaya Technologies PGY Restricted Cash

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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$1.78B-17.6%
Enterprise value$1.9B-15.2%
P/E18.1×
P/S1.3×-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 us-gaap:RestrictedCashAndCashEquivalents.

The source filing: Pagaya Technologies’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001883085-26-000031
Line itemMarch 31, 2026December 31, 2025
Assets
Cash and cash equivalents$317,813$235,329
Restricted cash and cash equivalents62,21853,020
Fee receivables (1)170,688153,250
Investments in loans and securities at fair value941,367945,269
Equity method and other investments14,80513,518
Right-of-use assets28,96530,578
Property, equipment and software, net31,41330,221

Item 1. Financial Statements

FAQ

What is Pagaya Technologies's restricted cash?
Pagaya Technologies (PGY) reported restricted cash of $62.22M in Q1 2026.
How has Pagaya Technologies's restricted cash changed year-over-year?
Pagaya Technologies's restricted cash increased by 243.3% year-over-year, from $18.12M to $62.22M.
What is the long-term trend for Pagaya Technologies's restricted cash?
Over 4 years (2021 to 2025), Pagaya Technologies's restricted cash has grown at a 65.9% compound annual growth rate (CAGR), from $7M to $53.02M.
What does restricted cash mean?
Cash restricted for specific purposes by contractual, regulatory, or legal requirements — not available for general corporate use.

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