Growth Metrics

Pagaya Technologies (PGY) Gross Margin (2021 - 2026)

Pagaya Technologies (PGY) has 6 years of Gross Margin data on record, last reported at 96.5% in Q1 2026.

  • On a quarterly basis, Gross Margin fell 11.0% to 96.5% in Q1 2026 year-over-year; TTM through Mar 2026 was 81.71%, a 1253.0% increase, with the full-year FY2025 number at 95.88%, up 5378.0% from a year prior.
  • Gross Margin reached 96.5% in Q1 2026 per PGY's latest filing, down from 97.05% in the prior quarter.
  • Over the last five years, Gross Margin for PGY hit a ceiling of 97.05% in Q4 2025 and a floor of 24.79% in Q4 2023.
  • A 5-year average of 72.79% and a median of 91.84% in 2023 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: crashed -6797bps in 2023, then surged 5623bps in 2024.
  • Tracing PGY's Gross Margin over 5 years: stood at 92.76% in 2022, then tumbled by -73bps to 24.79% in 2023, then skyrocketed by 75bps to 43.38% in 2024, then surged by 124bps to 97.05% in 2025, then fell by -1bps to 96.5% in 2026.
  • Business Quant data shows Gross Margin for PGY at 96.5% in Q1 2026, 97.05% in Q4 2025, and 40.99% in Q3 2025.