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
DateValue
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%