Pagaya Technologies (PGYWW) Research & Development (2023 - 2026)

Pagaya Technologies has disclosed Research & Development across 4 years of filings, most recently posting $15.9 million for Q1 2026.

• In Q1 2026, Research & Development fell 18.02% year-over-year to $15.9 million; the TTM figure through Mar 2026 stood at $71.7 million (down 6.43% YoY), while the FY2025 annual figure was $75.2 million, down 1.77% from the prior year.
• Research & Development slipped to $15.9 million in Q1 2026, from $19.1 million in the prior quarter.
• Over the last five years, Research & Development for PGYWW reached as high as $21.9 million in Q2 2024 and fell as low as $15.9 million in Q1 2026.
• The 4-year median for Research & Development is $18.5 million (2025), against an average of $18.6 million.
• Annual changes were most pronounced in 2024 — Research & Development grew 24.19% — and 2026, when it fell 18.02%.
• A 4-year view of Research & Development shows it stood at $17.6 million in 2023, then increased by 5.99% to $18.6 million in 2024, then advanced by 2.56% to $19.1 million in 2025, then slipped 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.