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| Date | Value |
|---|---|
| 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% |