---
title: "Pagaya Tech (PGY.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/PGY.US/norm.md"
symbol: "PGY.US"
name: "Pagaya Tech"
parent: "https://longbridge.com/en/quote/PGY.US.md"
datetime: "2026-03-13T17:14:30.913Z"
locales:
  - [en](https://longbridge.com/en/quote/PGY.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/PGY.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/PGY.US/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/PGY.US/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/PGY.US/norm.md)


# Pagaya Tech (PGY.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.3214 | 0.2300 | 0.2000 | 0.0977 | -3.20 |
| ROE | 28.74% | 21.15% | 17.81% | 8.95% | -241.30% |
| Revenue | 334.81M | 350.17M | 326.40M | 289.99M | 279.39M |
| Net income | 32.99M | 21.29M | 15.64M | 7.40M | -237.92M |
| Operating income | 79.72M | 79.96M | 56.47M | 47.69M | 31.84M |
| Gross margin | 43.24% | 42.72% | 41.34% | 42.38% | 43.38% |
| Net margin | 10.24% | 6.44% | 5.10% | 2.72% | -85.16% |
| Profit quality | 99.90% | 119.26% | 98.46% | 138.51% | 114.31% |

## Balance Sheet (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 1.55B | 1.46B | 1.40B | 1.28B | 1.29B |
| Leverage | 2.64 | 2.57 | 2.58 | 2.48 | 2.50 |
| BVPS | 5.85 | 5.47 | 4.82 | 4.45 | 4.42 |
| Turnover | 0.9174 | 0.8817 | 0.8086 | 0.7800 | 0.8260 |
| Cash & STI | 1.18B | 1.11B | 204.50M | 206.46M | 966.33M |
| Inv & Rec | - | - | - | - | - |
| LT assets | 60.80M | 64.57M | 68.17M | 71.51M | 74.85M |
| Net debt | -322.11M | -303.63M | 559.21M | 472.28M | -285.52M |

## Cash Flow Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 79.80M | 67.05M | 57.35M | 34.43M | 27.85M |
| Investing CF | -100.18M | -57.34M | -125.31M | -26.89M | -31.76M |
| Financing CF | 42.69M | 12.26M | 78.43M | -3.78M | 48.78M |
| Free CF | 42.84M | 42.16M | 59.96M | 50.08M | 55.68M |
| OCF coverage | 143.42% | 13.52% | 48.50% | 62.44% | 10.43% |
| Repaid & issued | 92.48M | 518.59M | 195.73M | 49.16M | 259.88M |
| CapEx | -19.09M | -3.24M | -3.80M | -3.78M | -3.98M |