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Pagaya Technologies Ltd.

PGYTechnologyNASDAQ

Software - Infrastructure · Last scanned May 30, 2026

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Financials · Annual
Revenue
$1.26B
+25.6% YoY
Net Income
$81.4M
+120.3% YoY
EBITDA
$253.9M
+273.9% YoY
Free Cash Flow
$185.5M

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About Pagaya Technologies Ltd.

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and. The $1.25B market capitalization puts PGY squarely in small-cap range for its industry. The company offers Decline Monetization, the flagship product which allows Partners to automatically send rejected loan applications to its network, as well as approve customers they would otherwise decline; Dual Look which allows to assess applications concurrently with its Partners in real time; and First Look that routes designated segments of loan applications to the network for evaluation.It also provides Affiliate Optimizer Engine, a customer acquisition tool which enables Partners to originate loans through third-party affiliate channels; Direct Marketing Engine, that utilizes data network to help Partners target and acquire new customers through direct channels; and FastPass which accelerates the tr.

Key stats
Market Cap$1.25B
P/E (TTM)13.50
Fwd P/E4.27
EPS$1.12
Beta5.44
52W Change-9.6%
ROE16.3%
Analysis

With $1.26B in cash and $928.0M in debt, PGY maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $185.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 16.3% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 12.7% further supports the picture of efficient asset utilization. Revenue has grown from $685.4M (2022) to $1.26B (2025), reflecting a 84% increase over the period.

With a beta above 1.5, PGY tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Pagaya Technologies Ltd.'s trajectory.

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