Pagaya Technologies
PGY · NASDAQ
Key indicators
PGY profitability and balance sheet ratios
EPS $0.4655 in Q2 FY26, up 122.6% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | -$0.9278 |
| Q4 FY24 | -$3.19 |
| Q1 FY25 | $0.1024 |
| Q2 FY25 | $0.2091 |
| Q3 FY25 | $0.2476 |
| Q4 FY25 | $0.383 |
| Q1 FY26 | $0.2552 |
| Q2 FY26 | $0.4655 |
Where the money went
Q2 FY26, from revenue to net income
Pagaya Technologies brought in $365.6M of revenue in Q2 FY26, +15.1% on a year earlier. 12¢ of every dollar became profit.
- Revenue
- $365.6M
- Costs, expenses and taxes
- $321.4M
- Net income
- $44.2M
- Net margin
- 12.1%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $321.0M | $299.0M | $365.6M |
| Gross profit | $131.0M | $121.4M | $146.9M |
| Operating income | $65.9M | $61.1M | $84.4M |
| Net income | $33.0M | $24.1M | $44.2M |
| Diluted EPS | $0.39 | $0.28 | $0.49 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $1.5B | $1.6B | $1.7B |
| Total liabilities | $1.0B | $1.1B | $1.1B |
| Shareholder equity | $0.5B | $0.6B | $0.6B |
| Cash and short-term investments | $0.2B | $0.3B | $0.2B |
| Total debt | $0.8B | $0.9B | $0.9B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $79.8M | $43.2M | $74.7M |
| Investing cash flow | −$100.2M | −$15.9M | −$118.9M |
| Financing cash flow | $42.7M | $64.2M | −$33.3M |
| Capital expenditure | −$3.1M | −$3.2M | −$3.4M |
| Free cash flow | $76.7M | $40.0M | $71.3M |
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