Growth Metrics

Pagaya Technologies (PGYWW) Cost of Revenue (2023 - 2025)

Pagaya Technologies (PGYWW) has disclosed Cost of Revenue for 3 consecutive years, with $190.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 20.13% to $190.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $749.2 million, a 25.35% increase, with the full-year FY2025 number at $749.2 million, up 25.35% from a year prior.
  • Cost of Revenue was $190.0 million for Q4 2025 at Pagaya Technologies, down from $200.6 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $468.7 million in Q4 2023 to a low of $11.3 million in Q3 2023.
  • A 3-year average of $154.6 million and a median of $153.6 million in 2024 define the central range for Cost of Revenue.
  • Biggest YoY gain for Cost of Revenue was 1213.74% in 2024; the steepest drop was 66.25% in 2024.
  • Pagaya Technologies' Cost of Revenue stood at $468.7 million in 2023, then tumbled by 66.25% to $158.2 million in 2024, then rose by 20.13% to $190.0 million in 2025.
  • Per Business Quant, the three most recent readings for PGYWW's Cost of Revenue are $190.0 million (Q4 2025), $200.6 million (Q3 2025), and $191.5 million (Q2 2025).