Pagaya Technologies (PGYWW) Gross Margin (2023 - 2026)

Pagaya Technologies has disclosed Gross Margin across 4 years of filings, most recently posting 44.15% for Q1 2026.

• In Q1 2026, Gross Margin fell 5254.0% year-over-year to 44.15%; the TTM figure through Mar 2026 stood at 16.67% (down 5211.0% YoY), while the FY2025 annual figure was 40.61%, up 10.0% from the prior year.
• Gross Margin advanced to 44.15% in Q1 2026, from 119.75% in the prior quarter.
• Over the last five years, Gross Margin for PGYWW reached as high as 96.69% in Q1 2025 and fell as low as 119.75% in Q4 2025.
• The 4-year median for Gross Margin is 44.15% (2026), against an average of 43.23%.
• Annual changes were most pronounced in 2024 — Gross Margin jumped 13036 bps — and 2025, when it tumbled 16236 bps.
• A 4-year view of Gross Margin shows it stood at 87.75% in 2023, then surged by 149 bps to 42.61% in 2024, then slumped by 381 bps to 119.75% in 2025, then surged by 137 bps to 44.15% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 44.15%, 119.75%, and 95.87% for Q1 2026, Q4 2025, and Q3 2025 respectively.