PGYPagaya Technologies Ltd.

$18.22-57% 1Y

$18.22

$10.6452 weeks$41.30

Is the business good?

Mixed

The checks split: nothing decisive, though earnings fully cash-backed (1.0×).

1 good, 2 neutral, 1 without data

Profits arrive as cash0.97×derived · Jun 30, 2026

Operating profit is fully backed by cash.

Margin direction, 3 yearsStable

Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.

Where ROE comes from1% ROA

A balanced mix of margins, efficiency, and leverage. ROE 3% = margin × turnover × leverage.

Unless marked, from derived.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

FCF conversionbetter than 88% of the market

Leverage (Debt/EBITDA)better than 85% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

Pagaya Technologies Ltd. earns 46% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

46%

Return on invested capital · cost of capital 9.0% · 37 points above what the capital costs: growth creates value

Operating margin: 25%
Operating margin · Software - Infrastructure median 5.8% · 12 months to Q2 2026
Cash conversion: 0.97×
Cash conversion · 0.90× a year ago · operating cash flow covers the operating profit after tax
Share count, year on year: +22%
Share count, year on year · shareholders own a smaller slice than a year ago

Details›

Gross margin12 months to Q2 2026: 43%
Operating margin12 months to Q2 2026: 25%
Net margin12 months to Q2 2026: 9.1%
Free cash flow margin: 18%
R&D as % of revenue: 5.1%
Revenue, trailing twelve months: $1.39B
Free cash flow, trailing twelve months: $252M
Net income, trailing twelve months: $127M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash: 46%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Ranks #16 of 80 by RyuScore