Pagaya Technologies (PGY) FCF Payout Ratio (2023 - 2026)
Pagaya Technologies' (PGY) quarterly FCF Payout Ratio came in at 0.17 in Q2 2026, up 128.35% year-over-year from 0.07 in Q2 2025, and up 10.78% quarter-over-quarter from 0.15 in Q1 2026.
Analysis
Pagaya Technologies (PGY) FCF Payout Ratio (2023 - 2026) Analysis & Trends
Pagaya Technologies (PGY) has reported FCF Payout Ratio for 4 consecutive years, with 0.17 the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Payout Ratio rose 128.35% year-over-year to 0.17 in Q2 2026; TTM through Jun 2026 was 0.14, a 5.72% increase from a year earlier, with the FY2025 full-year figure at 0.11, down 64.96% from the prior year.
- FCF Payout Ratio was 0.17 for Q2 2026 at Pagaya Technologies, up from 0.15 in the prior quarter.
- Over five years, FCF Payout Ratio peaked at 0.94 in Q3 2023 and troughed at 2.46 in Q2 2023.
- A 4-year average of 0.06 and a median of 0.11 in 2024 frame the typical range for FCF Payout Ratio.
- The widest YoY moves for FCF Payout Ratio: up 147.93% in 2024, down 124.16% in 2024.
- Over 4 years, FCF Payout Ratio stood at 0.26 in 2023, then surged by 130.73% to 0.08 in 2024, then soared by 122.64% to 0.18 in 2025, then decreased by 5.64% to 0.17 in 2026.
- The last three FCF Payout Ratio figures came in at 0.17 (Q2 2026), 0.15 (Q1 2026), and 0.18 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.61 Bn | 2.16 Bn | 303.39 Mn | - |
| 2 | Pagaya Technologies | 1.85 Bn | 1.60 Bn | 168.33 Mn | 0.17 |
| 3 | Qfin Holdings | 1.18 Bn | 177.78 Mn | - | - |
| 4 | FinVolution | 851.66 Mn | -91.39 Mn | - | - |
| 5 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | - |
| 6 | Blend Labs | 357.46 Mn | 312.60 Mn | 24.89 Mn | - |
| 7 | X Financial | 221.20 Mn | -347.11 Mn | 84.09 Mn | - |
| 8 | LexinFintech Holdings | 143.88 Mn | 143.88 Mn | 73.06 Mn | - |
| 9 | Jiayin | 80.95 Mn | 6.93 Mn | - | - |
| 10 | Antalpha Platform Holding | 76.01 Mn | -885.41 Mn | 11.94 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.17 |
| Mar 31, 2026 | 0.15 |
| Dec 31, 2025 | 0.18 |
| Sep 30, 2025 | 0.06 |
| Jun 30, 2025 | 0.07 |
| Mar 31, 2025 | 0.14 |
| Dec 31, 2024 | 0.08 |
| Sep 30, 2024 | -0.23 |
| Jun 30, 2024 | 0.57 |
| Mar 31, 2024 | 0.20 |
| Dec 31, 2023 | -0.26 |
| Sep 30, 2023 | 0.94 |
| Jun 30, 2023 | -2.46 |
| Mar 31, 2023 | -0.42 |