Pagaya Technologies (PGY) Operating Expenses (2022 - 2026)

Pagaya Technologies (PGY) has reported Operating Expenses for 5 consecutive years, with $281.2 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 4.19% year-over-year to $281.2 million in Q2 2026; TTM through Jun 2026 was $1.0 billion, a 5.0% increase from a year earlier, with the FY2025 full-year figure at $1.0 billion, up 7.47% from the prior year.
• Operating Expenses was $281.2 million for Q2 2026 at Pagaya Technologies, up from $237.9 million in the prior quarter.
• Over five years, Operating Expenses peaked at $332.2 million in Q2 2022 and troughed at $205.8 million in Q2 2023.
• A 5-year average of $246.0 million and a median of $242.3 million in 2025 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses slumped 38.03% in 2023 and increased 19.41% in 2024, its largest moves.
• Over 5 years, Operating Expenses stood at $332.2 million in 2022, then plunged by 37.57% to $207.4 million in 2023, then climbed by 19.41% to $247.7 million in 2024, then grew by 3.0% to $255.1 million in 2025, then climbed by 10.25% to $281.2 million in 2026.
• The last three Operating Expenses figures came in at $281.2 million (Q2 2026), $237.9 million (Q1 2026), and $255.1 million (Q4 2025), per Business Quant data.