The financials
Pagaya Technologies Ltd. by the numbers
Pagaya Technologies Ltd. (PGY) reported revenue of $387M in Q2 2026 (quarter ended Jun 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 Q2 2026 was Network AI Fees at $318M, 87% of the disclosed total, well ahead of Financial Service at 13%.
| 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 | $318M | 87% |
| Financial Service | $47M | 13% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $365.6M (+22%)
Financial Service grew +48% year on yearNetwork AI Fees +11% year on year
Segment Latestquarter on quarteryear on year
- Network AI Fees$318.4M$318.4MQoQ +19%year on year +11%+19%+11%
- Financial Service$47.2M$47.2MQoQ +47%year on year +48%+47%+48%
Software - Infrastructure
Ranks #57 of 64 by Smart Score