Pagaya Technologies (PGY) Research & Development (2022 - 2026)
Pagaya Technologies (PGY) reported Research & Development of $17.35 million for Q2 2026, down 6.0% from $18.46 million a year earlier but up 8.8% from the prior quarter.
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Analysis
Pagaya Technologies (PGY) Research & Development (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Pagaya Technologies' Research & Development came in at $70.6 million, down 3.5% year-over-year; for FY2025, it came in at $75.21 million, down 1.8% from FY2024.
- Research & Development has a five-year compound annual growth rate of 43.6% (FY2020 to FY2025).
- By year, Research & Development came in at $76.57 million in FY2024 (+2.9%), $74.38 million in FY2023 (-50.7%), $150.93 million in FY2022 (+128.0%) and $66.21 million in FY2021 (+436.9%).
- Five-year quarterly Research & Development spans a low of $15.94 million in Q1 2026 and a high of $65.11 million in Q2 2022.
- Year over year, Research & Development gained in four of the last eight quarters, with an average decline of 3.6%.
- The high point for year-over-year Research & Development in five years was Q2 2024 (growth of 24.2%); the low point was Q2 2023 (a decline of 72.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $15.94 million (Q1 2026), $19.08 million (Q4 2025) and $18.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Pagaya Technologies | 1.42 Bn | 450.62 Mn | 168.33 Mn | 17.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.35 Mn |
| Mar 31, 2026 | 15.94 Mn |
| Dec 31, 2025 | 19.08 Mn |
| Sep 30, 2025 | 18.24 Mn |
| Jun 30, 2025 | 18.46 Mn |
| Mar 31, 2025 | 19.44 Mn |
| Dec 31, 2024 | 18.60 Mn |
| Sep 30, 2024 | 16.66 Mn |
| Jun 30, 2024 | 21.94 Mn |
| Mar 31, 2024 | 19.38 Mn |
| Dec 31, 2023 | 17.55 Mn |
| Sep 30, 2023 | 18.04 Mn |
| Jun 30, 2023 | 17.66 Mn |
| Mar 31, 2023 | 21.13 Mn |
| Jun 30, 2022 | 65.11 Mn |
API Access
Pagaya Technologies Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=PGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "PGY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=PGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();