Pagaya Technologies EBITDA Margin Growth & History (PGY)
Pagaya Technologies's ebitda margin was 23.30% for fiscal 2025.
View full Pagaya Technologies company overviewPagaya Technologies annual ebitda margin history
2020
2021
2022
2023
2024
2025
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 23.30% | +13.78 pp |
| 2024 | 2024-12-31 | 9.52% | +10.20 pp |
| 2023 | 2023-12-31 | −0.68% | +35.09 pp |
| 2022 | 2022-12-31 | −35.78% | −34.66 pp |
| 2021 | 2021-12-31 | −1.12% | −24.60 pp |
| 2020 | 2020-12-31 | 23.48% | — |
Pagaya Technologies quarterly ebitda margin
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 30.01% | +9.84 pp |
| Q1 2026 | 2026-03-31 | 28.05% | +8.45 pp |
| Q4 2025 | 2025-12-31 | 27.05% | +12.53 pp |
| Q3 2025 | 2025-09-30 | 25.77% | +13.94 pp |
| Q2 2025 | 2025-06-30 | 20.16% | +15.19 pp |
| Q1 2025 | 2025-03-31 | 19.60% | +13.69 pp |
| Q4 2024 | 2024-12-31 | 14.52% | +6.62 pp |
| Q3 2024 | 2024-09-30 | 11.83% | +9.18 pp |
| Q2 2024 | 2024-06-30 | 4.97% | +8.08 pp |
| Q1 2024 | 2024-03-31 | 5.91% | +18.16 pp |
| Q4 2023 | 2023-12-31 | 7.90% | — |
| Q3 2023 | 2023-09-30 | 2.65% | — |
| Q2 2023 | 2023-06-30 | −3.11% | — |
| Q1 2023 | 2023-03-31 | −12.25% | — |
Pagaya Technologies ebitda margin trends
Over the last five fiscal years, Pagaya Technologies's ebitda margin decreased from 23.48% to 23.30%, a change of −0.18 percentage points. The latest reported quarter, Q2 2026, shows 30.01%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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