--- title: "Pagaya Technologies Ltd. Metrics Guide" description: "Pagaya Technologies Ltd. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/pagaya-technologies-ltd/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Pagaya Technologies Ltd. Financial Metrics Guide ## Direct Answer > Pagaya Technologies Ltd. reported revenue of $1.3 billion for the fiscal year ended December 31, 2025, with an operating margin of 20.3% and net income of $81 million, according to its SEC filings. Revenue grew 26.1% from the prior year. ## What Are Pagaya Technologies Ltd.'s Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $1.3 billion | $1.0 billion | $812 million | $749 million | | Operating income | $264 million | $67 million | -$24 million | -$252 million | | Operating margin | 20.3% | 6.5% | -3.0% | -33.6% | | Net income | $81 million | -$401 million | -$128 million | -$302 million | | Net margin | 6.3% | -38.9% | -15.8% | -40.4% | | Operating cash flow | $239 million | $48 million | -$22 million | -$40 million | | Capital expenditures | $14 million | $18 million | $20 million | $22 million | | Free cash flow | $225 million | $30 million | -$42 million | -$62 million | Operating margin widened by 13.8 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $225 million against net income of $81 million; cash generation covered reported earnings. ![Bar chart of Pagaya Technologies Ltd. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $1.3 billion, operating income $264 million and net income $81 million.](https://www.getswoopr.com/images/charts/pagaya-technologies-ltd-metrics-revenue-profit.webp) *Pagaya Technologies Ltd. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Pagaya Technologies Ltd. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 20.3% and net margin was 6.3%.](https://www.getswoopr.com/images/charts/pagaya-technologies-ltd-metrics-margins.webp) *Pagaya Technologies Ltd. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Pagaya Technologies Ltd. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $239 million, capital expenditures was $14 million, free cash flow was $225 million.](https://www.getswoopr.com/images/charts/pagaya-technologies-ltd-metrics-cash-flow.webp) *Pagaya Technologies Ltd. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Pagaya Technologies Ltd.'s Balance Sheet Show? | Cash and cash equivalents | $235 million | | --- | --- | | Long-term debt | Not reported | | Total assets | $1.5 billion | | Total liabilities | $960 million | | Shareholders' equity | $480 million | | Current ratio | n/a | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Pagaya Technologies Ltd. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001883085-26-000036 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Pagaya Technologies Ltd.'s revenue in fiscal 2025? Pagaya Technologies Ltd. reported revenue of $1.3 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Pagaya Technologies Ltd.'s operating margin? Pagaya Technologies Ltd.'s operating margin was 20.3% in fiscal 2025: operating income of $264 million on revenue of $1.3 billion. ### How much free cash flow did Pagaya Technologies Ltd. generate? Operating cash flow of $239 million less capital expenditures of $14 million gives free cash flow of $225 million for fiscal 2025. ## References - [SEC EDGAR: Pagaya Technologies Ltd. Form 10-K filed March 2, 2026](https://www.sec.gov/Archives/edgar/data/1883085/000188308526000018/pgy-20251231.htm) - [SEC EDGAR: Pagaya Technologies Ltd. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1883085&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Pagaya Technologies Ltd. company dossier](https://www.getswoopr.com/stocks/companies/pagaya-technologies-ltd/) - [Pagaya Technologies Ltd. financial metrics](https://www.getswoopr.com/stocks/companies/pagaya-technologies-ltd/financial-metrics/) - [Pagaya Technologies Ltd. financial risk indicators](https://www.getswoopr.com/stocks/companies/pagaya-technologies-ltd/risks-monitoring/) - [Pagaya Technologies Ltd. business model and revenue mix](https://www.getswoopr.com/stocks/companies/pagaya-technologies-ltd/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. Content is for educational purposes only and does not constitute personalized investment advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).