Pagaya Technologies Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.30B | $1.03B | $812.1M | $748.9M | $474.6M | $99.0M |
| Cost of Revenue | $749.2M | $597.7M | $508.9M | $451.1M | $232.3M | $49.1M |
| Gross Profit | $552.2M | $434.6M | $303.1M | $297.8M | $242.3M | $49.9M |
| Gross Margin | 42.4% | 42.1% | 37.3% | 39.8% | 51.0% | 50.4% |
| Operating Expenses | ||||||
| Research & Development | $75.2M | $76.6M | $74.4M | $150.9M | $66.2M | $12.3M |
| SG&A Expense | $159.6M | $240.8M | $203.4M | $294.2M | $132.2M | $10.7M |
| Operating Income | $263.8M | $66.8M | $-24.4M | $-251.5M | $-5.8M | $21.3M |
| Operating Margin | 20.3% | 6.5% | -3.0% | -33.6% | -1.2% | 21.5% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $51.6M | $-421.1M | $-181.2M | $-276.4M | $-61.6M | $21.2M |
| Income Tax Expense | $-19.7M | $24.6M | $15.6M | $16.4M | $7.9M | $1.3M |
| Net Income | $81.4M | $-401.4M | $-128.4M | $-302.3M | $-91.2M | $14.5M |
| Net Margin | 6.3% | -38.9% | -15.8% | -40.4% | -19.2% | 14.6% |
| EPS (Basic) | $0.99 | $-5.66 | $-2.14 | $-8.22 | $-4.13 | $0.02 |
| EPS (Diluted) | $0.93 | $-5.66 | $-2.14 | $-8.22 | $-4.13 | $0.01 |
| Shares Outstanding (Basic) | 78.3M | 70.9M | 60.0M | 38.3M | 32.6M | 382.3M |
| Shares Outstanding (Diluted) | 83.1M | 70.9M | 60.0M | 38.3M | 32.6M | 413.8M |
| Dividends Per Share | — | — | — | — | — | — |