Pagaya Technologies (PGY) Operating Expenses (2023 - 2026)

Pagaya Technologies has disclosed Operating Expenses across 4 years of filings, most recently posting $237.9 million for Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 1.8% year-over-year to $237.9 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 6.5% YoY), and the FY2025 full-year result was $1.0 billion, up 7.47% from the prior year.
• Operating Expenses was $237.9 million for Q1 2026 at Pagaya Technologies, down from $255.1 million in the prior quarter.
• Over five years, Operating Expenses peaked at $270.2 million in Q3 2025 and troughed at $205.8 million in Q2 2023.
• The 4-year median for Operating Expenses is $237.9 million (2026), against an average of $236.7 million.
• Year-over-year, Operating Expenses grew 19.41% in 2024 and slipped 1.8% in 2026.
• Year by year, Operating Expenses stood at $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 decreased by 6.72% to $237.9 million in 2026.
• Per Business Quant, the three latest PGY Operating Expenses figures stand at $237.9 million (Q1 2026), $255.1 million (Q4 2025), and $270.2 million (Q3 2025).