Pagaya Technologies (PGY) Net Margin (2023 - 2026)

Pagaya Technologies (PGY) posted quarterly Net Margin of 7.6% for Q1 2026, up 505.0% YoY from 1.26% in Q1 2025, and down 16.0% sequentially from 9.05% in Q4 2025.

Pagaya Technologies (PGY) Net Margin (2023 - 2026) Analysis & Trends

Pagaya Technologies has disclosed Net Margin across 4 years of filings, most recently posting 7.6% for Q1 2026.

  • In Q1 2026, Net Margin rose 505.0% year-over-year to 7.6%; the TTM figure through Mar 2026 stood at 6.9% (up 4215.0% YoY), while the FY2025 annual figure was 5.66%, up 4562.0% from the prior year.
  • Net Margin fell to 7.6% in Q1 2026, from 9.05% in the prior quarter.
  • Over the last five years, Net Margin for PGY reached as high as 9.05% in Q4 2025 and fell as low as 86.31% in Q4 2024.
  • The 4-year median for Net Margin is 7.87% (2023), against an average of 12.27%.
  • Annual changes were most pronounced in 2024 — Net Margin tumbled 6947 bps — and 2025, when it jumped 9535 bps.
  • A 4-year view of Net Margin shows it stood at 16.84% in 2023, then slumped by 413 bps to 86.31% in 2024, then soared by 110 bps to 9.05% in 2025, then decreased by 16 bps to 7.6% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 7.6%, 9.05%, and 6.08% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 38.34%
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 22.44%
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 53.68%
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 16.65%
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 4.71%
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 28.90%
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn -3.58%
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 2.69%
9 Block 46.10 Bn 39.21 Bn 2.91 Bn -5.10%
10 Pagaya Technologies 1.55 Bn 1.30 Bn 140.38 Mn 7.60%

Historic Data

Download Data
DateValue
Mar 31, 2026 7.60%
Dec 31, 2025 9.05%
Sep 30, 2025 6.08%
Jun 30, 2025 4.92%
Mar 31, 2025 2.55%
Dec 31, 2024 -86.31%
Sep 30, 2024 -27.07%
Jun 30, 2024 -30.83%
Mar 31, 2024 -8.65%
Dec 31, 2023 -16.84%
Sep 30, 2023 -7.87%
Jun 30, 2023 -4.12%
Mar 31, 2023 -8.04%