Pagaya Technologies (PGY) FCF Margin (2023 - 2026)
Pagaya Technologies (PGY) posted quarterly FCF Margin of 12.58% for Q1 2026, up 201.0% year-on-year from 4.18% in Q1 2025, and down 45.08% on a QoQ basis from 22.91% in Q4 2025.
Pagaya Technologies (PGY) FCF Margin (2023 - 2026) Analysis & Trends
Pagaya Technologies (PGY) has reported FCF Margin for 4 consecutive years, with 12.58% the latest figure, recorded in Q1 2026.
- Quarterly FCF Margin rose 201.0% year-over-year to 12.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 17.61% (up 1314.0% YoY) and the FY2025 annual result came in at 17.27%, up 1436.0% from the prior year.
- FCF Margin eased to 12.58% in Q1 2026 per PGY's latest filing, from 22.91% in the prior quarter.
- Over the last five years, FCF Margin for PGY reached as high as 22.91% in Q4 2025 and fell as low as 15.64% in Q1 2023.
- A 4-year average of 5.4% and a median of 5.23% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin plunged 964 bps — and 2025, when it soared 2263 bps.
- Year by year, FCF Margin stood at 7.76% in 2023, then jumped by 210 bps to 8.55% in 2024, then surged by 168 bps to 22.91% in 2025, then plunged by 45 bps to 12.58% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 12.58%, 22.91%, and 18.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 55.19% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 23.47% |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | -9.76% |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 54.62% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 14.80% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 48.17% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 55.21% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 25.75% |
| 10 | Pagaya Technologies | 1.37 Bn | 1.05 Bn | 140.38 Mn | 12.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.58% |
| Dec 31, 2025 | 22.91% |
| Sep 30, 2025 | 18.22% |
| Jun 30, 2025 | 16.41% |
| Mar 31, 2025 | 10.57% |
| Dec 31, 2024 | 8.55% |
| Sep 30, 2024 | -4.41% |
| Jun 30, 2024 | 1.96% |
| Mar 31, 2024 | 5.12% |
| Dec 31, 2023 | -7.76% |
| Sep 30, 2023 | 5.23% |
| Jun 30, 2023 | -3.48% |
| Mar 31, 2023 | -15.64% |