Growth Metrics

Pagaya Technologies (PGY) Cost of Revenue (2021 - 2026)

Pagaya Technologies (PGY) has 6 years of Cost of Revenue data on record, last reported at $11.1 million in Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 16.03% to $11.1 million in Q1 2026 year-over-year; TTM through Mar 2026 was $241.2 million, a 25.73% decrease, with the full-year FY2025 number at $53.6 million, down 91.03% from a year prior.
  • Cost of Revenue reached $11.1 million in Q1 2026 per PGY's latest filing, up from $9.9 million in the prior quarter.
  • Over the last five years, Cost of Revenue for PGY hit a ceiling of $200.6 million in Q3 2025 and a floor of $9.6 million in Q1 2025.
  • A 5-year average of $65.1 million and a median of $19.7 million in 2025 define the central range for Cost of Revenue.
  • On a YoY basis, Cost of Revenue climbed as much as 1653.27% in 2025 and fell as far as 93.75% in 2025.
  • Tracing PGY's Cost of Revenue over 5 years: stood at $14.0 million in 2022, then skyrocketed by 862.37% to $134.5 million in 2023, then grew by 17.64% to $158.2 million in 2024, then crashed by 93.75% to $9.9 million in 2025, then grew by 12.63% to $11.1 million in 2026.
  • Business Quant data shows Cost of Revenue for PGY at $11.1 million in Q1 2026, $9.9 million in Q4 2025, and $200.6 million in Q3 2025.