Pagaya Technologies (PGY) Cost of Revenue (2022 - 2026)

Pagaya Technologies (PGY) has reported Cost of Revenue for 5 consecutive years, with $218.7 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 14.23% year-over-year to $218.7 million in Q2 2026; TTM through Jun 2026 was $786.9 million, a 18.2% increase from a year earlier, with the FY2025 full-year figure at $749.2 million, up 25.35% from the prior year.
• Cost of Revenue was $218.7 million for Q2 2026 at Pagaya Technologies, up from $177.6 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $218.7 million in Q2 2026 and troughed at $105.0 million in Q2 2022.
• A 5-year average of $157.1 million and a median of $149.0 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue jumped 34.65% in 2025 and rose 6.27% in 2026, its largest moves.
• Over 5 years, Cost of Revenue stood at $105.0 million in 2022, then gained by 28.1% to $134.5 million in 2023, then climbed by 17.64% to $158.2 million in 2024, then gained by 20.13% to $190.0 million in 2025, then rose by 15.08% to $218.7 million in 2026.
• The last three Cost of Revenue figures came in at $218.7 million (Q2 2026), $177.6 million (Q1 2026), and $190.0 million (Q4 2025), per Business Quant data.