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Pagaya Technologies (PGY) Cost of Revenue: 2021-2025

Historic Cost of Revenue for Pagaya Technologies (PGY) over the last 5 years, with Sep 2025 value amounting to $200.6 million.

  • Pagaya Technologies' Cost of Revenue rose 34.65% to $200.6 million in Q3 2025 from the same period last year, while for Sep 2025 it was $717.3 million, marking a year-over-year increase of 24.98%. This contributed to the annual value of $597.7 million for FY2024, which is 17.43% up from last year.
  • As of Q3 2025, Pagaya Technologies' Cost of Revenue stood at $200.6 million, which was up 4.76% from $191.5 million recorded in Q2 2025.
  • Pagaya Technologies' 5-year Cost of Revenue high stood at $200.6 million for Q3 2025, and its period low was $37.2 million during Q2 2021.
  • In the last 3 years, Pagaya Technologies' Cost of Revenue had a median value of $145.6 million in 2024 and averaged $151.4 million.
  • As far as peak fluctuations go, Pagaya Technologies' Cost of Revenue skyrocketed by 182.34% in 2022, and later declined by 0.25% in 2023.
  • Over the past 5 years, Pagaya Technologies' Cost of Revenue (Quarterly) stood at $78.5 million in 2021, then soared by 58.97% to $124.7 million in 2022, then increased by 7.84% to $134.5 million in 2023, then increased by 17.64% to $158.2 million in 2024, then skyrocketed by 34.65% to $200.6 million in 2025.
  • Its Cost of Revenue was $200.6 million in Q3 2025, compared to $191.5 million in Q2 2025 and $167.1 million in Q1 2025.