Pagaya Technologies (PGY) Gross Margin (2023 - 2026)
Pagaya Technologies (PGY) posted quarterly Gross Margin of 44.15% for Q1 2026, down 5254.0% year-over-year from 0.86% in Q1 2025, and up 136.87% sequentially from 119.75% in Q4 2025.
Pagaya Technologies (PGY) Gross Margin (2023 - 2026) Analysis & Trends
Pagaya Technologies has disclosed Gross Margin across 4 years of filings, most recently posting 44.15% for Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 5254.0% year-over-year to 44.15%; the trailing twelve-month figure through Mar 2026 stood at 16.67% (down 5211.0% YoY), and the FY2025 full-year result was 40.61%, up 10.0% from the prior year.
- Gross Margin was 44.15% for Q1 2026 at Pagaya Technologies, up from 119.75% in the prior quarter.
- Over five years, Gross Margin peaked at 96.69% in Q1 2025 and troughed at 119.75% in Q4 2025.
- The 4-year median for Gross Margin is 44.15% (2026), against an average of 43.23%.
- Year-over-year, Gross Margin surged 13036 bps in 2024 and tumbled 16236 bps in 2025.
- Year by year, Gross Margin stood at 87.75% in 2023, then soared by 149 bps to 42.61% in 2024, then sank by 381 bps to 119.75% in 2025, then soared by 137 bps to 44.15% in 2026.
- Per Business Quant, the three latest PGY Gross Margin figures stand at 44.15% (Q1 2026), 119.75% (Q4 2025), and 95.87% (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 67.63% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 61.73% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 88.06% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 86.78% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 73.59% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 76.12% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 80.29% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 73.54% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 71.21% |
| 10 | Pagaya Technologies | 1.22 Bn | 976.25 Mn | 140.38 Mn | 44.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.15% |
| Dec 31, 2025 | -119.75% |
| Sep 30, 2025 | 95.87% |
| Jun 30, 2025 | 39.74% |
| Mar 31, 2025 | 96.69% |
| Dec 31, 2024 | 42.61% |
| Sep 30, 2024 | 40.24% |
| Jun 30, 2024 | 94.50% |
| Mar 31, 2024 | 95.82% |
| Dec 31, 2023 | -87.75% |
| Sep 30, 2023 | 94.65% |
| Jun 30, 2023 | 92.16% |
| Mar 31, 2023 | 32.99% |