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Pagaya Technologies (PGY) Operating Expenses (2023 - 2025)

Pagaya Technologies (PGY) has disclosed Operating Expenses for 3 consecutive years, with $255.1 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 3.0% to $255.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.0 billion through Dec 2025, up 7.47% year-over-year, with the annual reading at $1.0 billion for FY2025, 7.47% up from the prior year.
  • Operating Expenses for Q4 2025 was $255.1 million at Pagaya Technologies, down from $270.2 million in the prior quarter.
  • The five-year high for Operating Expenses was $270.2 million in Q3 2025, with the low at $205.8 million in Q2 2023.
  • Average Operating Expenses over 3 years is $236.6 million, with a median of $239.9 million recorded in 2024.
  • The sharpest move saw Operating Expenses grew 19.41% in 2024, then rose 1.99% in 2025.
  • Over 3 years, Operating Expenses stood at $207.4 million in 2023, then rose by 19.41% to $247.7 million in 2024, then grew by 3.0% to $255.1 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $255.1 million, $270.2 million, and $269.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.