Pagaya Technologies (PGY) Gross Margin (2022 - 2026)

Pagaya Technologies (PGY) has reported Gross Margin for 5 consecutive years, with 43.49% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Gross Margin rose 215.0% year-over-year to 43.49% in Q2 2026; TTM through Jun 2026 was 43.39%, a 112.0% increase from a year earlier, with the FY2025 full-year figure at 42.43%, up 33.0% from the prior year.
• Gross Margin was 43.49% for Q2 2026 at Pagaya Technologies, down from 44.15% in the prior quarter.
• Over five years, Gross Margin peaked at 44.15% in Q1 2026 and troughed at 32.99% in Q1 2023.
• A 5-year average of 41.1% and a median of 42.09% in 2024 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin slumped 383 bps in 2023 and soared 794 bps in 2024, its largest moves.
• Over 5 years, Gross Margin stood at 42.18% in 2022, then declined by 9 bps to 38.32% in 2023, then increased by 13 bps to 43.38% in 2024, then dropped by 0 bps to 43.24% in 2025, then increased by 1 bps to 43.49% in 2026.
• The last three Gross Margin figures came in at 43.49% (Q2 2026), 44.15% (Q1 2026), and 43.24% (Q4 2025), per Business Quant data.