The financials
Pagaya Technologies Ltd. by the numbers
Pagaya Technologies Ltd. (PGY) reported revenue of $387M in Q2 2026 (quarter ended June 30, 2026), up 19% from the same quarter a year earlier. That came with a gross margin of 43% and net income of $45M (12% of revenue). For the full year FY2025, revenue was $1.30B (+26% year on year) and net income $81M. Its largest product in 2026-Q1 was Network AI Fees at $267M, 89% of the disclosed total, just ahead of Financial Service at 11%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $387M | $326M | +19% |
| Gross profit | $168M | $135M | +25% |
| Operating income | $106M | $56M | +87% |
| Net income | $45M | $17M | +172% |
| Diluted EPS | $0.49 | $0.20 | +145% |
| Product | Revenue | Share |
|---|---|---|
| Network AI Fees | $267M | 89% |
| Financial Service | $32M | 11% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $299.0M (-12%)
Network AI Fees grew +6.1% year on yearFinancial Service +2.9% year on year
Segment Latestquarter on quarteryear on year
- Network AI Fees$266.9M$266.9MQoQ -12%year on year +6.1%-12%+6.1%
- Financial Service$32.1M$32.1MQoQ -9.1%year on year +2.9%-9.1%+2.9%
Software - Infrastructure
Ranks #40 of 78 by Smart Score