Pagaya Technologies (PGY) Free Cash Flow (2023 - 2026)
Pagaya Technologies (PGY) posted quarterly Free Cash Flow of $40.0 million for Q1 2026, up 30.53% year-on-year from $30.7 million in Q1 2025, and down 47.85% on a QoQ basis from $76.7 million in Q4 2025.
Pagaya Technologies (PGY) Free Cash Flow (2023 - 2026) Analysis & Trends
Pagaya Technologies (PGY) has reported Free Cash Flow for 4 consecutive years, with $40.0 million the latest figure, recorded in Q1 2026.
- Quarterly Free Cash Flow rose 30.53% year-over-year to $40.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $234.1 million (up 386.63% YoY) and the FY2025 annual result came in at $224.7 million, up 648.71% from the prior year.
- Free Cash Flow slipped to $40.0 million in Q1 2026 per PGY's latest filing, from $76.7 million in the prior quarter.
- Over the last five years, Free Cash Flow for PGY reached as high as $76.7 million in Q4 2025 and fell as low as -$29.2 million in Q1 2023.
- A 4-year average of $19.5 million and a median of $12.6 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow sank 202.36% — and 2025, when it jumped 989.52%.
- Year by year, 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 slumped by 47.85% to $40.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $40.0 million, $76.7 million, and $63.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,891.16 Bn | 2,766.73 Bn | 56.06 Bn | 45.75 Bn |
| 2 | PagSeguro Digital | 2,685.31 Bn | 2,685.31 Bn | 358.92 Mn | 223.25 Mn |
| 3 | Repay Holdings | 347.25 Bn | 347.10 Bn | - | - |
| 4 | Oracle | 339.38 Bn | 307.49 Bn | - | -1.87 Bn |
| 5 | Palantir Technologies | 297.85 Bn | 289.82 Bn | 1.42 Bn | 891.76 Mn |
| 6 | Palo Alto Networks | 221.94 Bn | 217.41 Bn | 1.91 Bn | 384.00 Mn |
| 7 | CrowdStrike Holdings | 182.12 Bn | 179.02 Bn | 993.68 Mn | 628.76 Mn |
| 8 | Fortinet | 108.92 Bn | 105.62 Bn | 1.49 Bn | 1.02 Bn |
| 9 | Cloudflare | 95.44 Bn | 94.50 Bn | 455.60 Mn | 164.72 Mn |
| 10 | Pagaya Technologies | 1.35 Bn | 1.04 Bn | 140.38 Mn | 40.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | -16.92 Mn |
| Dec 31, 2023 | -16.92 Mn |