Pagaya Technologies (PGYWW) Cost of Revenue (2021 - 2026)
Pagaya Technologies has reported Cost of Revenue over the past 5 years, most recently at $190.0 million for Q4 2025.
- Quarterly Cost of Revenue rose 148.85% to $190.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $419.9 million through Dec 2025, up 289.35% year-over-year, with the annual reading at $749.2 million for FY2025, 1386.33% up from the prior year.
- Cost of Revenue was $190.0 million for Q4 2025 at Pagaya Technologies, down from $200.6 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $468.7 million in Q4 2023 and troughed at -$389.0 million in Q4 2024.
- The 5-year median for Cost of Revenue is $14.3 million (2023), against an average of $55.9 million.
- Year-over-year, Cost of Revenue surged 3254.42% in 2023 and then tumbled 183.0% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $12.1 million in 2021, then rose by 15.84% to $14.0 million in 2022, then surged by 3254.42% to $468.7 million in 2023, then crashed by 183.0% to -$389.0 million in 2024, then surged by 148.85% 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 $19.7 million (Q2 2025).