Pagaya Technologies (PGY) Invested Capital (2021 - 2026)
Pagaya Technologies' (PGY) quarterly Invested Capital came in at $1.1 billion in Q2 2026, up 20.48% year-over-year from $930.2 million in Q2 2025, and up 4.33% quarter-over-quarter from $1.1 billion in Q1 2026.
Analysis
Pagaya Technologies (PGY) Invested Capital (2021 - 2026) Analysis & Trends
Pagaya Technologies (PGY) has reported Invested Capital for 6 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Invested Capital rose 20.48% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $1.1 billion, a 20.48% increase from a year earlier, with the FY2025 full-year figure at $1.0 billion, up 18.92% from the prior year.
- Invested Capital was $1.1 billion for Q2 2026 at Pagaya Technologies, up from $1.1 billion in the prior quarter.
- Over five years, Invested Capital peaked at $1.1 billion in Q2 2026 and troughed at $871.9 million in Q4 2024.
- A 5-year average of $981.4 million and a median of $968.4 million in 2024 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital surged 320.45% in 2022 and retreated 17.98% in 2025, its largest moves.
- Over 5 years, Invested Capital stood at $905.1 million in 2022, then gained by 3.58% to $937.5 million in 2023, then retreated by 6.99% to $871.9 million in 2024, then grew by 18.92% to $1.0 billion in 2025, then climbed by 8.07% to $1.1 billion in 2026.
- The last three Invested Capital figures came in at $1.1 billion (Q2 2026), $1.1 billion (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.61 Bn | 2.16 Bn | 303.39 Mn | 942.70 Mn |
| 2 | Pagaya Technologies | 1.85 Bn | 1.60 Bn | 168.33 Mn | 1.12 Bn |
| 3 | Qfin Holdings | 1.18 Bn | 177.78 Mn | - | 3.96 Bn |
| 4 | FinVolution | 851.66 Mn | -91.39 Mn | - | 2.65 Bn |
| 5 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 158.26 Mn |
| 6 | Blend Labs | 357.46 Mn | 312.60 Mn | 24.89 Mn | - |
| 7 | X Financial | 221.20 Mn | -347.11 Mn | 84.09 Mn | 1.20 Bn |
| 8 | LexinFintech Holdings | 143.88 Mn | 143.88 Mn | 73.06 Mn | 1.98 Bn |
| 9 | Jiayin | 80.95 Mn | 6.93 Mn | - | 710.47 Mn |
| 10 | Antalpha Platform Holding | 76.01 Mn | -885.41 Mn | 11.94 Mn | 451.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12 Bn |
| Mar 31, 2026 | 1.07 Bn |
| Dec 31, 2025 | 1.04 Bn |
| Sep 30, 2025 | 1.02 Bn |
| Jun 30, 2025 | 930.19 Mn |
| Mar 31, 2025 | 876.78 Mn |
| Dec 31, 2024 | 871.94 Mn |
| Sep 30, 2024 | 968.41 Mn |
| Jun 30, 2024 | 1.02 Bn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 937.46 Mn |
| Jun 30, 2023 | 919.70 Mn |
| Dec 31, 2022 | 905.05 Mn |
| Dec 31, 2021 | 215.26 Mn |