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Pagaya Technologies Ltd.

PGY

$21.27 ▼ -0.15 (-0.70%) at close

6 Visible periods

31 Metrics

Peer-ranked Benchmarks

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Health

Good

Bullish

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Analytical Summary

Pagaya Technologies Ltd. shows strong fundamentals with top-quartile Return on Common Equity (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $1.7B

Dividend Yield —

Revenue Growth 26.1% ↘

Op. Margin 20.3% ↗

ROIC 76.0% ↗

FCF / Share $2.87 ↗

Trailing P/E 21.5x

Price / Book 3.5x

FCF Yield 13.5%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

6-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.30B

↑ +26.1% —

Net Income Profit after all expenses

$81.39M

↑ +120.3% —

Operating Margin Operating profit as % of sales

20.3%

↑ +213.1% 75th

FCF / Share Free cash flow per share

$2.87

↑ +316.8% —

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Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns

Financial Health

Cash Quality

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Revenue Growth YoY (%)	26.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+335%)	27.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+352%)	8.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+40%)	57.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+863%)	379.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+6222%)	—
EPS Growth YoY (%)	N/M	-164.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	74.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	0.8% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	N/M	—
Net Income Growth YoY (%)	N/M	-212.5% Weak ↓ Weak Declining Year-over-year change in net income	57.5% Excellent Excellent Year-over-year change in net income	-231.7% Weak Weak Year-over-year change in net income	N/M	—
FCF Growth YoY (%)	316.8% Excellent Excellent Year-over-year change in free cash flow	N/M	89.2% Excellent Excellent Year-over-year change in free cash flow	N/M	1237.5% Excellent Excellent Year-over-year change in free cash flow	—
Revenue CAGR 3Y (%)	20.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	29.6% Excellent Excellent Compound annual revenue growth over 3 years	101.7% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	67.4% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Operating Margin (%) (%)	20.3% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	6.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	-3.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-112%)	-33.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-234%)	-1.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-105%)	21.5% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)
Effective Tax Rate (%) (%)	-38.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-5.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-8.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-5.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-12.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	6.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	-38.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-277%)	-15.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-172%)	-40.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-283%)	-19.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-187%)	14.6% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)
FCF Margin (%) (%)	17.3% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-8.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.1% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	3.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	2.76x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.12x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.08x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.21x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.47x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.22x Weak Weak Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Return on Invested Capital (%)	76.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	10.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-48.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-507.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	17.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-2.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-24.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	-1.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	17.0% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+41%)	-122.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1125%)	-22.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-291%)	-54.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-555%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Debt to Equity (x)	—	0.98x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-18%)	—	—	—	—
Interest Coverage (x)	2.87x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.83x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.37x Weak Weak Operating income divided by interest expense Optimal: > 5x	-57.94x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-235.33M	$133.40M	$-186.48M	$-309.79M	$-190.78M	$-5.07M
Debt / EBITDA (x)	—	3.36x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Revenue per Share (USD)	$16.61	$14.56	$13.53	$19.58	$29.17	$6.22
Basic EPS, GAAP (USD)	$0.99	$-5.66	$-2.14	$-8.22	$-8.28	$0.36
Free Cash Flow per Share (USD)	$2.87	$0.69	$-0.18	$-1.63	$2.65	$0.20
Book Value per Share (USD)	$6.13	$4.61	$9.32	$14.47	$0.08	—
Tangible Book Value per Share (USD)	$5.74	$4.10	$9.10	$14.47	$0.08	—
Basic Weighted Avg Shares (shares)	78.34M	70.88M	60.04M	38.25M	16.27M	15.92M

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Working Capital (USD)	—	$155.99M	$228.48M	$291.80M	$217.86M	—
LT Debt (USD)	—	$321.32M	—	—	—	—
Total Equity (USD)	$480.02M	$326.49M	$559.72M	$553.52M	$1.29M	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Sales/Revenue/Turnover (USD)	$1.30B	$1.03B	$812.05M	$748.93M	$474.59M	$99.01M
Depreciation Expense (USD)	$30.08M	$28.75M	$19.13M	$6.29M	$815.00K	$290.00K
Net Income, GAAP (USD)	$81.39M	$-401.41M	$-128.44M	$-302.32M	$-91.15M	$14.47M
Operating Cash Flow (USD)	$238.62M	$66.52M	$9.58M	$-40.00M	$49.81M	$4.26M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 6 years · 17 quarters

Pagaya Technologies Ltd.

Analytical Summary

6-Year Financial Trajectory

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Bearish Risks

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