Pagaya Technologies annual net debt
2021
2022
2023
2024
2025
Pagaya Technologies Net Debt Growth & History (PGY)
Pagaya Technologies's net debt was −$201.1M for fiscal 2025.
View full Pagaya Technologies company overviewPagaya Technologies annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$201.1M | −$371.6M | — |
| 2024 | 2024-12-31 | $170.5M | $268.4M | — |
| 2023 | 2023-12-31 | −$97.9M | $92.4M | — |
| 2022 | 2022-12-31 | −$190.3M | $441,000 | — |
| 2021 | 2021-12-31 | −$190.8M | — | — |
Pagaya Technologies quarterly net debt
Q4.22
Q2.23
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$216.8M | −$69.9M | — |
| Q1 2026 | 2026-03-31 | −$285.2M | −$451.5M | — |
| Q4 2025 | 2025-12-31 | −$201.1M | −$371.6M | — |
| Q3 2025 | 2025-09-30 | −$183.4M | −$299.6M | — |
| Q2 2025 | 2025-06-30 | −$146.9M | −$191.9M | — |
| Q1 2025 | 2025-03-31 | $166.3M | $157.2M | +1736.43% |
| Q4 2024 | 2024-12-31 | $170.5M | $268.4M | — |
| Q3 2024 | 2024-09-30 | $116.3M | — | — |
| Q2 2024 | 2024-06-30 | $45.0M | $231.8M | — |
| Q1 2024 | 2024-03-31 | $9.1M | — | — |
| Q4 2023 | 2023-12-31 | −$97.9M | $92.4M | — |
| Q2 2023 | 2023-06-30 | −$186.8M | — | — |
| Q4 2022 | 2022-12-31 | −$190.3M | — | — |
Pagaya Technologies net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, Pagaya Technologies's net debt decreased from −$190.8M to −$201.1M, a change of −$10.3M. The latest reported quarter, Q2 2026, shows −$216.8M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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