Pagaya Technologies Ltd. (PGY) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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PGY Revenue Growth
Revenue Breakdown (FY 2024)
PGY's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
PGY Revenue Analysis (2019–2024)
As of May 7, 2026, Pagaya Technologies Ltd. (PGY) generated trailing twelve-month (TTM) revenue of $1.22 billion, reflecting explosive growth of +36.3% year-over-year. The most recent quarter (Q3 2025) recorded $339.9 million in revenue, up 7.0% sequentially.
Looking at the longer-term picture, PGY's 5-year compound annual growth rate (CAGR) stands at +94.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.00 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows PGY's business is primarily driven by Financial Service (100%). With over half of revenue concentrated in Financial Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including UPST, AFRM (+32.7% YoY), and PRAA, PGY has outperformed the peer group in terms of revenue growth. Compare PGY vs UPST →
PGY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PGYCurrent | $1.2B | +36.3% | +94.4% | 6.7% | |
 UPST | $1.1B | - | - | 5.1% | |
 AFRM | $3.2B | +32.7% | +44.6% | -2.7% | |
 PRAA | $1.2B | - | - | 33.9% | |
 ENVA | $3.2B | - | - | 23.5% | |
 FICO | $2.0B | +22.6% | +9.0% | 46.5% |
PGY Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.00B | +30.0% | $406.9M | 40.5% | $66.8M | 6.7% |
| 2023 | $772.8M | +12.8% | $263.9M | 34.1% | $-24,400,000 | -3.2% |
| 2022 | $685.4M | +53.7% | $234.3M | 34.2% | $-251,505,000 | -36.7% |
| 2021 | $445.9M | +386.0% | $213.5M | 47.9% | $-5,809,000 | -1.3% |
| 2020 | $91.7M | +153.8% | $42.7M | 46.5% | $21.3M | 23.2% |
| 2019 | $36.1M | - | $8.2M | 22.6% | $-3,904,000 | -10.8% |
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Start ComparisonPGY — Frequently Asked Questions
Quick answers to the most common questions about buying PGY stock.
Is PGY's revenue growth accelerating or slowing?
PGY revenue is accelerating at +36.3% year-over-year, exceeding the 5-year CAGR of +94.4%. TTM revenue reached $1.2B. Growth momentum has increased versus prior periods.
What is PGY's long-term revenue growth rate?
Pagaya Technologies Ltd.'s 5-year revenue CAGR of +94.4% reflects the sustained expansion pattern. Current YoY growth of +36.3% is above this long-term average.
How is PGY's revenue distributed by segment?
PGY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.