Growth Metrics

Pagaya Technologies (PGYWW) Research & Development (2021 - 2026)

Pagaya Technologies has reported Research & Development over the past 5 years, most recently at $19.1 million for Q4 2025.

  • Quarterly Research & Development rose 2.56% to $19.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $75.2 million through Dec 2025, down 1.77% year-over-year, with the annual reading at $75.2 million for FY2025, 1.77% down from the prior year.
  • Research & Development was $19.1 million for Q4 2025 at Pagaya Technologies, up from $18.2 million in the prior quarter.
  • Over five years, Research & Development peaked at $65.1 million in Q2 2022 and troughed at $8.6 million in Q2 2021.
  • The 5-year median for Research & Development is $18.6 million (2024), against an average of $21.7 million.
  • Year-over-year, Research & Development surged 660.45% in 2022 and then tumbled 72.87% in 2023.
  • A 5-year view of Research & Development shows it stood at $14.9 million in 2021, then surged by 58.43% to $23.6 million in 2022, then dropped by 25.49% to $17.6 million in 2023, then increased by 5.99% to $18.6 million in 2024, then increased by 2.56% to $19.1 million in 2025.
  • Per Business Quant, the three most recent readings for PGYWW's Research & Development are $19.1 million (Q4 2025), $18.2 million (Q3 2025), and $18.5 million (Q2 2025).