Pagaya Technologies Ltd. · Finance Services

PGY

Moderate riskNext report: Around Nov 9 (est.)

View price ↗

The short version

A profitable company with growing sales.

Going well

Sales up 19% in the latest quarter vs a year ago
Profitable
Sales up 26% last year

Money moves

Insiders sold $326K in the last 30 days

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$18.88-1.1% that day

Company value: $1.8B; Share price times all shares
Price vs profit (P/E): 13.7x; You pay about $14 for each $1 of yearly profit
Price vs sales: 1.3x; Company value is 1.3 times a year of sales
Cash vs value: 14%; Cash as a share of company value
Debt vs value: 17%; Debt as a share of company value

From PGY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$387.0M+19% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.4B, up 21% from the 12 months before. Over 5 years, sales grew about 67% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of PGY. Starting points are the company's recent numbers.

Sales growth+21% a yearRecently: +21% a yearProfit margin9%Last 12 months: 9.1%P/E at the end14xToday: 13.7x. Many steady companies trade at 12x to 25xShare count change+3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$3.6B

Profit in 5 years$324M

Price these guesses point to$40.29+113% vs $18.88 todayAbout +16% a year, before dividends

What today's price needs: with a 9% margin and a 14x P/E, sales would have to grow about 4.0% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

PassReturn on equity 15%+Earns a lot on the money owners have in the business.20.2%
MissDebt under half of equityNot relying on borrowed money.0.66x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.6.3%
MissProfitable every yearSteady profits, not one good year.2 of 6 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$224.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+8.6% in 3 years

Revenue: $1.3B; +26.1% vs prior year
5-year growth: +67.4%/yr; revenue, per year
Total debt: $317.9M; 0.66x equity
Free cash flow: $224.7M; 17.3% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Jul 30

Revenue: $387.0M; +18.6% YoY
EPS: $0.49; vs $0.20
Op. margin: 27.3%; +10.0 pts
Gross margin: 43.5%; +2.2 pts
Free cash flow: $71.3M
Share count: +22.1%; vs a year ago

Insider rating

Last 90 days

28Selling

4 insiders sold $326K (not pre-planned)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.8
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+17.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.3x · $150.1M debt

Shares outstandingLatest reported

97M

Why moderate risk

Share count growing 17.7% a year (dilution)

Earnings reports

Last 11

Next reportAround Nov 9 (est.)Estimated from the same quarter last year

Results filedJul 30
Results filedMay 7
Results filedFeb 9
Results filedNov 10, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$326K4 insiders, 0 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Tami RosenDirector	Sell	2K	$17.83	$35K	13K	Oct 2Filing ↗
-12.9% of their holdings Not a pre-planned sale Filed 3 days after
Cory VieiraChief Accounting Officer	Sell	2K	$17.04	$37K	25K	Sep 28Filing ↗
-7.9% of their holdings Not a pre-planned sale Filed 1 day after
Sanjiv DasPresident	Sell	14K	$17.04	$244K	174K	Sep 28Filing ↗
-7.6% of their holdings Not a pre-planned sale Filed 1 day after
Jonathan DobresChief Financial Officer	Sell	590	$17.04	$10K	10K	Sep 28Filing ↗
-5.5% of their holdings Not a pre-planned sale Filed 1 day after