Pagaya Technologies (PGY) Research & Development (2022 - 2026)

Pagaya Technologies (PGY) has reported Research & Development for 5 consecutive years, with $17.3 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Research & Development fell 11.76% year-over-year to $17.3 million in Q2 2026; TTM through Jun 2026 was $70.6 million, a 5.05% decrease from a year earlier, with the FY2025 full-year figure at $75.2 million, down 1.77% from the prior year.
• Research & Development was $17.3 million for Q2 2026 at Pagaya Technologies, up from $15.9 million in the prior quarter.
• Over five years, Research & Development peaked at $65.1 million in Q2 2022 and troughed at $15.9 million in Q1 2026.
• A 5-year average of $21.7 million and a median of $18.6 million in 2024 frame the typical range for Research & Development.
• Across the five-year window, Research & Development plunged 72.87% in 2023 and climbed 24.19% in 2024, its largest moves.
• Over 5 years, Research & Development stood at $65.1 million in 2022, then slumped by 73.05% to $17.6 million in 2023, then grew by 5.99% to $18.6 million in 2024, then gained by 2.56% to $19.1 million in 2025, then slipped by 9.07% to $17.3 million in 2026.
• The last three Research & Development figures came in at $17.3 million (Q2 2026), $15.9 million (Q1 2026), and $19.1 million (Q4 2025), per Business Quant data.