Pagaya Technologies (PGY) Operating Expenses (2022 - 2026)
Pagaya Technologies (PGY) posted quarterly Operating Expenses of $281.2 million for Q2 2026, up 4.19% year-over-year from $269.9 million in Q2 2025, and up 18.2% quarter-over-quarter from $237.9 million in Q1 2026.
Pagaya Technologies (PGY) Operating Expenses (2022 - 2026) Analysis & Trends
Pagaya Technologies (PGY) has reported Operating Expenses for 5 consecutive years, with $281.2 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 4.19% year-over-year to $281.2 million; the TTM figure through Jun 2026 stood at $1.0 billion (up 5.0% YoY), while the FY2025 annual figure was $1.0 billion, up 7.47% from the prior year.
- Operating Expenses advanced to $281.2 million in Q2 2026 per PGY's latest filing, from $237.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $332.2 million in Q2 2022 and bottomed at $205.8 million in Q2 2023.
- Historically, Operating Expenses has averaged $246.0 million across 5 years, with a median of $242.3 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Expenses sank 38.03% — and 2024, when it rose 19.41%.
- Pagaya Technologies' Operating Expenses stood at $332.2 million in 2022, then plunged by 37.57% to $207.4 million in 2023, then increased by 19.41% to $247.7 million in 2024, then rose by 3.0% to $255.1 million in 2025, then increased by 10.25% to $281.2 million in 2026.
- Business Quant data shows PGY's Operating Expenses at $281.2 million in Q2 2026, $237.9 million in Q1 2026, and $255.1 million in Q4 2025.
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Peer Comparison
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|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Pagaya Technologies | 1.70 Bn | 1.45 Bn | 168.33 Mn | 281.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 281.24 Mn |
| Mar 31, 2026 | 237.94 Mn |
| Dec 31, 2025 | 255.09 Mn |
| Sep 30, 2025 | 270.21 Mn |
| Jun 30, 2025 | 269.93 Mn |
| Mar 31, 2025 | 242.30 Mn |
| Dec 31, 2024 | 247.66 Mn |
| Sep 30, 2024 | 234.85 Mn |
| Jun 30, 2024 | 245.32 Mn |
| Mar 31, 2024 | 237.59 Mn |
| Dec 31, 2023 | 207.39 Mn |
| Sep 30, 2023 | 211.60 Mn |
| Jun 30, 2023 | 205.85 Mn |
| Mar 31, 2023 | 211.61 Mn |
| Jun 30, 2022 | 332.17 Mn |