Pagaya Technologies PGY
NASDAQ PGY
$22.08 -0.90 (-3.91%)
As of: Sep 8, 2026 · 3:59 PM EDT

Pagaya Technologies (PGY) Free Cash Flow (2023 - 2026)

Pagaya Technologies' (PGY) quarterly Free Cash Flow came in at $71.3 million in Q2 2026, up 33.06% year-over-year from $53.6 million in Q2 2025, and up 78.1% quarter-over-quarter from $40.0 million in Q1 2026.

Analysis

Pagaya Technologies (PGY) Free Cash Flow (2023 - 2026) Analysis & Trends

Pagaya Technologies (PGY) has reported Free Cash Flow for 4 consecutive years, with $71.3 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 33.06% year-over-year to $71.3 million in Q2 2026; TTM through Jun 2026 was $251.8 million, a 160.27% increase from a year earlier, with the FY2025 full-year figure at $224.7 million, up 648.71% from the prior year.
  • Free Cash Flow was $71.3 million for Q2 2026 at Pagaya Technologies, up from $40.0 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $76.7 million in Q4 2025 and troughed at -$29.2 million in Q1 2023.
  • A 4-year average of $23.2 million and a median of $18.2 million in 2024 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow slumped 202.36% in 2024 and jumped 989.52% in 2025, its largest moves.
  • Over 4 years, Free Cash Flow stood at -$16.9 million in 2023, then jumped by 241.11% to $23.9 million in 2024, then soared by 221.26% to $76.7 million in 2025, then dropped by 7.11% to $71.3 million in 2026.
  • The last three Free Cash Flow figures came in at $71.3 million (Q2 2026), $40.0 million (Q1 2026), and $76.7 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Upstart Holdings 2.61 Bn 2.16 Bn 303.39 Mn -140.82 Mn
2 Pagaya Technologies 1.85 Bn 1.60 Bn 168.33 Mn 71.25 Mn
3 Qfin Holdings 1.18 Bn 177.78 Mn - 159.36 Mn
4 FinVolution 851.66 Mn -91.39 Mn - -57.27 Mn
5 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn -1.05 Mn
6 Blend Labs 357.46 Mn 312.60 Mn 24.89 Mn 6.91 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

Historic Data

Download Data
DateValue
Jun 30, 2026 71.25 Mn
Mar 31, 2026 40.01 Mn
Dec 31, 2025 76.71 Mn
Sep 30, 2025 63.81 Mn
Jun 30, 2025 53.55 Mn
Mar 31, 2025 30.65 Mn
Dec 31, 2024 23.88 Mn
Sep 30, 2024 -11.34 Mn
Jun 30, 2024 4.92 Mn
Mar 31, 2024 12.56 Mn
Dec 31, 2023 -16.92 Mn
Sep 30, 2023 11.08 Mn
Jun 30, 2023 -6.81 Mn
Mar 31, 2023 -29.20 Mn