Pagaya Technologies (PGY) Debt Ratio (2021 - 2026)
Pagaya Technologies' Debt Ratio was 0.26 in Q3 2026, down 21.6% from 0.34 a year earlier and down 5.8% from the prior quarter.
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Analysis
Pagaya Technologies (PGY) Debt Ratio (2021 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Pagaya Technologies came in at 0.31, down 10.3% from FY2024.
- In earlier years, Debt Ratio was 0.35 in FY2024 (+16.0%), 0.30 in FY2023 (+102.3%), 0.15 in FY2022 (+130.4%) and 0.06 in FY2021.
- The Q3 2026 figure marks the lowest quarterly Debt Ratio since Q1 2024.
- Compared with a year earlier, Debt Ratio has declined for six straight quarters, with an average decline of 5.2% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q4 2022 (growth of 130.4%); the worst was Q2 2026 (a decline of 32.8%).
- Per Business Quant data, PGY's Debt Ratio in the three quarters before Q3 2026 was 0.28 (Q2 2026), 0.29 (Q1 2026) and 0.31 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 0.18 |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 0.17 |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 0.24 |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | 0.37 |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 0.40 |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 0.38 |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 0.26 |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 0.01 |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 0.05 |
| 10 | Pagaya Technologies | 1.47 Bn | 418.52 Mn | 174.79 Mn | 0.26 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.26 |
| Jun 30, 2026 | 0.28 |
| Mar 31, 2026 | 0.29 |
| Dec 31, 2025 | 0.31 |
| Sep 30, 2025 | 0.34 |
| Jun 30, 2025 | 0.41 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.35 |
| Sep 30, 2024 | 0.48 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.23 |
| Dec 31, 2023 | 0.30 |
| Jun 30, 2023 | 0.26 |
| Dec 31, 2022 | 0.15 |
| Dec 31, 2021 | 0.06 |
API Access
Pagaya Technologies Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=PGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "PGY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=PGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();