Pagaya Technologies Ltd. (PGY) quarterly cash flow statement — complete operating, investing & financing history
Pagaya Technologies Ltd. (PGY) cash flow statement — 7-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 49.05M | 74.7M | 43.18M | 79.8M | 67.05M | 57.35M | 34.43M | 32.06M | -7.11M | 9.29M | 17.71M | 18.95M | 16.14M | -1.84M | -23.67M | -2.12M | -12.24M | -22.82M | -2.82M | 12.01M |
| Operating CF Margin % | 13.54% | 20.43% | 14.44% | 24.86% | 19.73% | 18.05% | 12.18% | 11.63% | -2.85% | 3.83% | 7.47% | 9.01% | 8.01% | -0.99% | -13.51% | -1.19% | -6.59% | -13.97% | -1.78% | 8.33% |
| Operating CF Growth % | -26.84% | 30.26% | 25.44% | 148.88% | 1043.38% | 517% | 94.4% | 69.21% | -144.03% | 605.16% | 174.81% | 993.82% | 231.87% | 91.94% | -738.58% | -117.65% | -142.89% | -17937.3% | -109.56% | 202.7% |
| Net Income | 49.73M | 42.33M | 24.16M | 29.04M | 23.27M | 16.56M | 2.49M | -257.13M | -74.23M | -82.68M | -31.66M | -14.42M | -45.94M | -31.3M | -60.97M | -52.21M | -67M | -175.26M | -18.27M | -2.94M |
| Depreciation & Amortization | 4.26M | 3.92M | 3.86M | 7.13M | 7.64M | 7.59M | 7.72M | 8.28M | 7.12M | 7.04M | 6.32M | 5.97M | 5.18M | 4.47M | 3.52M | 2.22M | 2.93M | 671K | 477K | 326K |
| Stock-Based Compensation | 0 | 8.57M | 7.2M | 9.14M | 13.58M | 18.23M | 13.17M | 15.64M | 12.33M | 18.04M | 15.47M | 0 | 20.74M | 0 | 0 | 18.68M | 60.3M | 0 | 0 | 4.81M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 54.03M | 54.59M | 39.01M | 44.61M | 52.7M | 23.91M | 35.1M | 253.82M | 85.22M | 56.68M | 25.71M | 25.92M | 37.65M | 32.22M | 47.43M | 50.1M | 4.03M | 149.41M | 25.86M | 2.12M |
| Working Capital Changes | -58.97M | -34.7M | -31.05M | -10.12M | -30.14M | -8.95M | -24.06M | 11.45M | -37.55M | 10.21M | 1.87M | 1.48M | -1.48M | -7.24M | -13.65M | -20.91M | -12.5M | 2.36M | -10.89M | 7.7M |
| Change in Receivables | -15.16M | -23.63M | -17.45M | 1.9M | -5.82M | -13.51M | -8.84M | -8.67M | -3.01M | -4.78M | -11.77M | -13.07M | -64K | -7.26M | -345K | -14.62M | -17.14M | -13.48M | -1.22M | -10.63M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 322K | 172K | 598K | -1.18M | 2.49M | -908K | 3.02M | 1.07M | -1.46M | 4.19M | 1.89M | -74K | -2.46M | 1.08M | 999K | -744K | -439K | -1.95M | -6.71M | 6.76M |
| Cash from Investing | -128.35M | -118.93M | -15.92M | -100.18M | -57.34M | -125.31M | -26.89M | -35.97M | -105.79M | -114.2M | -228.13M | -95.89M | -125.22M | -86.04M | -89.54M | -73.61M | -87.77M | -39.15M | -35.37M | 48.5M |
| Capital Expenditures | -6.47M | -3.45M | -3.18M | -3.09M | -3.24M | -3.8M | -3.78M | -3.98M | -4.24M | -4.38M | -5.14M | -4.63M | -5.06M | -4.97M | -5.53M | -4.14M | -16.61M | -144K | -1.51M | -5.11M |
| CapEx % of Revenue | 1.79% | 0.94% | 1.06% | 0.96% | 0.95% | 1.2% | 1.34% | 1.44% | 1.7% | 1.81% | 2.17% | 2.2% | 2.51% | 2.68% | 3.15% | 2.32% | 8.95% | 0.09% | 0.96% | 3.54% |
| Acquisitions | 0 | 0 | 0 | -159K | 0 | 0 | 0 | -9.14M | 31K | 0 | 0 | 720K | 0 | 5.17M | 10.13M | -1K | -2.05M | 20.98M | 8.55M | 8M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 22.09M | 0 | 0 | -16M | 0 | 159K | -5.5M | 0 | -125K | 0 | 0 | 0 | 0 | 1.61M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 81.36M | -33.27M | 64.23M | 42.69M | 12.26M | 78.43M | -3.78M | 48.78M | 25.47M | 63.69M | 298.74M | 11.61M | 63.4M | 105.17M | 92.9M | 45.99M | 37.08M | 304.84M | 20.5M | 24.77M |
| Debt Issued (Net) | 85.71M | -59.96M | 69.56M | 55.93M | 25.9M | 81.29M | -2.2M | -3.1M | 20.32M | 65.88M | 210.98M | 44.2M | 64.97M | 110.39M | 182.03M | 40.88M | -10.53M | 66.76M | 53.34M | 37.91M |
| Equity Issued (Net) | 994K | 100K | 802K | 378K | 2.57M | 1.12M | 2.86M | 145K | 6.53M | 18K | 95.28M | 25.89M | 3.79M | 75.2M | 484K | 0 | 0 | 293.64M | -1.32M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -5.34M | 26.59M | -6.13M | -13.79M | -16.21M | -3.98M | -4.44M | 51.88M | -1.37M | -2.21M | -7.51M | -58.48M | -5.36M | -80.42M | -89.62M | 5.11M | 47.61M | -55.56M | -31.52M | -13.14M |
| Net Change in Cash | 1.14M | -75.61M | 91.68M | 23.58M | 22.73M | 1.91M | -1.6M | 45.47M | -86.88M | -42.12M | 87.51M | -75.51M | -47.19M | 14.66M | -20.4M | -29.74M | -62.93M | 424.83M | -230.91K | 85.28M |
| Free Cash Flow | 45.77M | 71.25M | 40.01M | 76.71M | 63.81M | 53.55M | 30.65M | 22.59M | -11.34M | 4.92M | 12.56M | 14.31M | 11.08M | -6.81M | -29.2M | -6.26M | -28.85M | -22.96M | -4.34M | 6.9M |
| FCF Margin % | 12.64% | 19.49% | 13.38% | 23.89% | 18.77% | 16.85% | 10.84% | 8.19% | -4.55% | 2.03% | 5.3% | 6.8% | 5.5% | -3.67% | -16.66% | -3.51% | -15.54% | -14.06% | -2.74% | 4.79% |
| FCF Growth % | -28.27% | 33.06% | 30.53% | 239.62% | 662.51% | 989.52% | 143.96% | 57.79% | -202.36% | 172.17% | 143.03% | 328.67% | 138.41% | 70.34% | -573.41% | -190.67% | -203.38% | -18050.99% | -221.87% | 89.02% |
| FCF per Share | 0.46 | 0.73 | 0.41 | 0.75 | 0.70 | 0.67 | 0.40 | 0.30 | -0.16 | 0.07 | 0.19 | 0.23 | 0.17 | -0.11 | -0.49 | -0.11 | -0.97 | -1.08 | -0.25 | 0.42 |
| FCF Conversion (FCF/Net Income) | 0.99x | 1.65x | 1.75x | 2.33x | 2.97x | 3.44x | 4.36x | -0.13x | 0.11x | -0.12x | -0.83x | -1.31x | -0.74x | 0.06x | 0.39x | 0.06x | 0.16x | 0.13x | 0.15x | -1.15x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |