Pagaya Technologies (PGY) Free Cash Flow (2023 - 2026)
Pagaya Technologies (PGY) posted quarterly Free Cash Flow of $71.3 million for 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.
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.
- In Q2 2026, Free Cash Flow rose 33.06% year-over-year to $71.3 million; the TTM figure through Jun 2026 stood at $251.8 million (up 160.27% YoY), while the FY2025 annual figure was $224.7 million, up 648.71% from the prior year.
- Free Cash Flow improved to $71.3 million in Q2 2026 per PGY's latest filing, from $40.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $76.7 million in Q4 2025 and bottomed at -$29.2 million in Q1 2023.
- Historically, Free Cash Flow has averaged $23.2 million across 4 years, with a median of $18.2 million in 2024.
- Annual changes were most pronounced in 2024 — Free Cash Flow sank 202.36% — and 2025, when it surged 989.52%.
- Pagaya Technologies' Free Cash Flow stood at -$16.9 million in 2023, then soared by 241.11% to $23.9 million in 2024, then surged by 221.26% to $76.7 million in 2025, then fell by 7.11% to $71.3 million in 2026.
- Business Quant data shows PGY's Free Cash Flow at $71.3 million in Q2 2026, $40.0 million in Q1 2026, and $76.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 19.64 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 1.20 Bn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -1.87 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 788.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 965.60 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 67.60 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 775.42 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -5.74 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | -7.56 Bn |
| 10 | Pagaya Technologies | 1.70 Bn | 1.45 Bn | 168.33 Mn | 71.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 71.25 Mn |
| Jun 30, 2026 | 71.25 Mn |
| Mar 31, 2026 | 40.01 Mn |
| Mar 31, 2026 | 40.01 Mn |
| Dec 31, 2025 | 76.71 Mn |
| Dec 31, 2025 | 76.71 Mn |
| Sep 30, 2025 | 63.81 Mn |
| Sep 30, 2025 | 63.81 Mn |
| Jun 30, 2025 | 53.55 Mn |
| Jun 30, 2025 | 53.55 Mn |
| Mar 31, 2025 | 30.65 Mn |
| Mar 31, 2025 | 30.65 Mn |
| Dec 31, 2024 | 23.88 Mn |
| Dec 31, 2024 | 23.88 Mn |
| Sep 30, 2024 | -11.34 Mn |
| Sep 30, 2024 | -11.34 Mn |
| Jun 30, 2024 | 4.92 Mn |
| Jun 30, 2024 | 4.92 Mn |
| Mar 31, 2024 | 12.56 Mn |
| Mar 31, 2024 | 12.56 Mn |