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Pagaya Technologies PGY Total Cost of Revenue

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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:CostOfGoodsAndServicesSold.

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 itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Interest income17,6667,676
Investment income (loss), net1,287(391)
Total Revenue and Other Income317,944289,989
Production costs177,561167,083
Technology, data and product development15,94019,444
Sales and marketing11,1329,594
General and administrative33,30646,183
Total Costs and Operating Expenses237,939242,304

Item 1. Financial Statements

FAQ

What is Pagaya Technologies's total cost of revenue?
Pagaya Technologies (PGY) reported total cost of revenue of $177.56M in Q1 2026.
How has Pagaya Technologies's total cost of revenue changed year-over-year?
Pagaya Technologies's total cost of revenue increased by 6.3% year-over-year, from $167.08M to $177.56M.
What is the long-term trend for Pagaya Technologies's total cost of revenue?
Over 4 years (2021 to 2025), Pagaya Technologies's total cost of revenue has grown at a 34.0% compound annual growth rate (CAGR), from $232.32M to $749.17M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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