Pagaya Technologies annual r&d spending
2020
2021
2022
2023
2024
2025
Pagaya Technologies R&D Spending Growth & History (PGY)
Pagaya Technologies's r&d spending was $75.2M for fiscal 2025.
View full Pagaya Technologies company overviewPagaya Technologies annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $75.2M | −$1.4M | −1.77% |
| 2024 | 2024-12-31 | $76.6M | $2.2M | +2.94% |
| 2023 | 2023-12-31 | $74.4M | −$76.5M | −50.72% |
| 2022 | 2022-12-31 | $150.9M | $84.7M | +127.96% |
| 2021 | 2021-12-31 | $66.2M | $53.9M | +436.90% |
| 2020 | 2020-12-31 | $12.3M | — | — |
Pagaya Technologies quarterly r&d spending
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $17.3M | −$1.1M | −6.00% |
| Q1 2026 | 2026-03-31 | $15.9M | −$3.5M | −18.02% |
| Q4 2025 | 2025-12-31 | $19.1M | $477,000 | +2.56% |
| Q3 2025 | 2025-09-30 | $18.2M | $1.6M | +9.49% |
| Q2 2025 | 2025-06-30 | $18.5M | −$3.5M | −15.87% |
| Q1 2025 | 2025-03-31 | $19.4M | $64,000 | +0.33% |
| Q4 2024 | 2024-12-31 | $18.6M | $1.1M | +5.99% |
| Q3 2024 | 2024-09-30 | $16.7M | −$1.4M | −7.67% |
| Q2 2024 | 2024-06-30 | $21.9M | $4.3M | +24.19% |
| Q1 2024 | 2024-03-31 | $19.4M | −$1.8M | −8.29% |
| Q4 2023 | 2023-12-31 | $17.6M | — | — |
| Q3 2023 | 2023-09-30 | $18.0M | — | — |
| Q2 2023 | 2023-06-30 | $17.7M | −$47.4M | −72.87% |
| Q1 2023 | 2023-03-31 | $21.1M | — | — |
| Q2 2022 | 2022-06-30 | $65.1M | — | — |
Pagaya Technologies r&d spending trends
Over the last five fiscal years, Pagaya Technologies's r&d spending increased from $12.3M to $75.2M, a change of $62.9M. The latest reported quarter, Q2 2026, shows $17.3M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pagaya Technologies source filings ↗