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

Pagaya Technologies (PGY) has reported Research & Development for 5 consecutive years, with $15.9 million the latest figure, recorded in Q1 2026.

• Quarterly Research & Development fell 18.02% year-over-year to $15.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $72.9 million (down 4.86% YoY) and the FY2025 annual result came in at $75.2 million, down 1.77% from the prior year.
• Research & Development retreated to $15.9 million in Q1 2026 per PGY's latest filing, from $19.1 million in the prior quarter.
• Over the last five years, Research & Development for PGY reached as high as $65.1 million in Q2 2022 and fell as low as $15.9 million in Q1 2026.
• A 5-year average of $22.0 million and a median of $18.8 million in 2024 frame the typical range for Research & Development.
• Annual changes were most pronounced in 2023 — Research & Development tumbled 72.87% — and 2024, when it rose 24.19%.
• Year by year, Research & Development stood at $65.1 million in 2022, then tumbled by 73.05% to $17.6 million in 2023, then climbed by 5.99% to $18.6 million in 2024, then rose by 2.56% to $19.1 million in 2025, then retreated by 16.45% to $15.9 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $15.9 million, $19.1 million, and $18.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.