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Pagaya Technologies PGY Return on invested capital

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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

Calculated from Pagaya Technologies’s reported figures.

Based on trailing twelve months.

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

Filed
May 7, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001883085-26-000031

FAQ

What is Pagaya Technologies's return on invested capital?
Pagaya Technologies (PGY) reported return on invested capital of 53.1% in Q1 2026.
How has Pagaya Technologies's return on invested capital changed year-over-year?
Pagaya Technologies's return on invested capital increased by 163.2% year-over-year, from 20.2% to 53.1%.
What is the long-term trend for Pagaya Technologies's return on invested capital?
Over 2 years (2023 to 2025), Pagaya Technologies's return on invested capital has grown at a 96.4% compound annual growth rate (CAGR), from -11.9% to 46%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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