Pagaya Technologies (PGYWW) Operating Expenses (2023 - 2026)

Pagaya Technologies has disclosed Operating Expenses across 4 years of filings, most recently posting $237.9 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 1.8% year-over-year to $237.9 million; the TTM figure through Mar 2026 stood at $1.0 billion (up 6.5% YoY), while the FY2025 annual figure was $1.0 billion, up 7.47% from the prior year.
• Operating Expenses eased to $237.9 million in Q1 2026, from $255.1 million in the prior quarter.
• Over the last five years, Operating Expenses for PGYWW reached as high as $270.2 million in Q3 2025 and fell as low as $205.8 million in Q2 2023.
• The 4-year median for Operating Expenses is $237.9 million (2026), against an average of $236.7 million.
• Annual changes were most pronounced in 2024 — Operating Expenses rose 19.41% — and 2026, when it declined 1.8%.
• A 4-year view of Operating Expenses shows it stood at $207.4 million in 2023, then grew by 19.41% to $247.7 million in 2024, then increased by 3.0% to $255.1 million in 2025, then retreated by 6.72% to $237.9 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $237.9 million, $255.1 million, and $270.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.