Pagaya Technologies (PGY) Debt Ratio (2021 - 2026)
Pagaya Technologies' Debt Ratio was 0.28 in Q2 2026, down 15.6% from 0.33 a year earlier and down 3.3% 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 6.5% from FY2024.
- In earlier years, Debt Ratio was 0.33 in FY2024 (+48.3%), 0.22 in FY2023 (+68.3%), 0.13 in FY2022 (+108.1%) and 0.06 in FY2021.
- The Q2 2026 figure marks the lowest quarterly Debt Ratio since Q2 2024.
- Compared with a year earlier, Debt Ratio has declined for three straight quarters, with growth averaging 13.1% over the last seven quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q4 2022 (growth of 108.1%); the worst was Q2 2026 (a decline of 15.6%).
- Per Business Quant data, PGY's Debt Ratio in the three quarters before Q2 2026 was 0.29 (Q1 2026), 0.31 (Q4 2025) and 0.34 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | 0.25 |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 0.16 |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 0.16 |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | 0.48 |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 0.30 |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 0.34 |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | 0.36 |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 0.26 |
| 10 | Pagaya Technologies | 1.44 Bn | 477.29 Mn | 168.33 Mn | 0.28 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.28 |
| Mar 31, 2026 | 0.29 |
| Dec 31, 2025 | 0.31 |
| Sep 30, 2025 | 0.34 |
| Jun 30, 2025 | 0.33 |
| Mar 31, 2025 | 0.33 |
| Dec 31, 2024 | 0.33 |
| Sep 30, 2024 | 0.30 |
| Jun 30, 2024 | 0.28 |
| Mar 31, 2024 | 0.22 |
| Dec 31, 2023 | 0.22 |
| Jun 30, 2023 | 0.18 |
| Dec 31, 2022 | 0.13 |
| 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();