Pagaya Technologies annual gross margin
2020
2021
2022
2023
2024
2025
Pagaya Technologies Gross Margin Growth & History (PGY)
Pagaya Technologies's gross margin was 40.61% for fiscal 2025.
View full Pagaya Technologies company overviewPagaya Technologies annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 40.61% | +0.10 pp |
| 2024 | 2024-12-31 | 40.51% | +6.36 pp |
| 2023 | 2023-12-31 | 34.14% | −0.04 pp |
| 2022 | 2022-12-31 | 34.19% | −13.71 pp |
| 2021 | 2021-12-31 | 47.89% | +1.40 pp |
| 2020 | 2020-12-31 | 46.50% | — |
Pagaya Technologies quarterly gross margin
Q2.22
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 | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 40.18% | +0.45 pp |
| Q1 2026 | 2026-03-31 | 40.61% | −0.28 pp |
| Q4 2025 | 2025-12-31 | 40.80% | −1.81 pp |
| Q3 2025 | 2025-09-30 | 40.99% | +0.75 pp |
| Q2 2025 | 2025-06-30 | 39.74% | −0.24 pp |
| Q1 2025 | 2025-03-31 | 40.90% | +2.03 pp |
| Q4 2024 | 2024-12-31 | 42.61% | +6.52 pp |
| Q3 2024 | 2024-09-30 | 40.24% | +4.18 pp |
| Q2 2024 | 2024-06-30 | 39.98% | +4.94 pp |
| Q1 2024 | 2024-03-31 | 38.87% | +10.23 pp |
| Q4 2023 | 2023-12-31 | 36.09% | — |
| Q3 2023 | 2023-09-30 | 36.07% | — |
| Q2 2023 | 2023-06-30 | 35.04% | −0.67 pp |
| Q1 2023 | 2023-03-31 | 28.64% | — |
| Q2 2022 | 2022-06-30 | 35.71% | — |
Pagaya Technologies gross margin trends
Over the last five fiscal years, Pagaya Technologies's gross margin decreased from 46.50% to 40.61%, a change of −5.89 percentage points. The latest reported quarter, Q2 2026, shows 40.18%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-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.
Review Pagaya Technologies source filings ↗