What Are Pagaya Technologies Ltd.'s Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended 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.
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.