Pagaya Technologies Ltd. (PGY) AI Stock Analysis

Pagaya Technologies Ltd. is a financial technology company with operations across Israel, the United States, and the Cayman Islands. Founded in 2016 and headquartered in Tel Aviv, Israel, the company specializes in proprietary artificial intelligence technology and advanced software solutions. Pagaya partners with high-growth fintech firms, traditional financial institutions, auto finance providers, and brokers to assist in originating loans and managing assets. By integrating AI capabilities into its platform, Pagaya enhances the speed, accuracy, and reliability of asset origination processes to optimize financial outcomes for its partners and clients.

Between FY2020 and FY2025, Pagaya delivered a 5-year revenue compound annual growth rate of 68.9%. Annual revenue expanded from $445.9M in FY2021 to $1.00B in FY2024 and reached $1.26B in FY2025, up 25.6%. Operating margin improved from -1.3% in FY2021 to 17.7% in FY2025, while gross margin stood at 40.6%. The company achieved profitability in FY2025 with net income of $81.4M and diluted earnings per share of $2.90, compared to a net loss of -$401.4M in FY2024. For the trailing twelve months ending June 30, 2026, revenue was $1.39B with an operating margin of 27.3%. In the latest quarter, revenue grew 18.6% year-over-year and earnings rose 143.3%.

As of June 30, 2026, Pagaya held $1.29B in cash and short-term investments against total debt of $907.3M, resulting in net cash of $382.0M. Total assets were $1.69B and shareholders' equity was $594.2M, supported by a current ratio of 11.51 and a debt-to-equity ratio of 1.53. In FY2025, operating cash flow reached $238.6M, which funded capital expenditures of $13.9M to yield free cash flow of $224.7M. Over the trailing five years, common share count increased 496.4%.

At a last close of $17.23, Pagaya trades at a market capitalization of $1.44B and an enterprise value of $1.18B. Its trailing P/E of 12.5x and forward P/E of 4.4x sit below the medians of 28.1x and 18.8x for its US-listed Technology peers. The company's price-to-sales ratio is 1.0x compared to the peer median of 2.8x, and its EV/to/EBITDA is 3.9x versus 16.6x. Over the past year, Pagaya shares fell 37.8%, trailing the S&P 500 (SPY) return of 16.8%.

Wall Street analysts maintain 9 Strong Buy and 2 Buy ratings on Pagaya, with no Hold, Sell, or Strong Sell recommendations. The mean price target of $28.82 represents a 67.3% premium over the last close of $17.23. For the fiscal year ending December 31, 2026, analysts estimate revenue of $1.46B and EPS of $3.70, reflecting expected annual EPS growth of 11.6%. Pagaya has exceeded EPS estimates in each of the past 4 quarters, and its next earnings release is scheduled for October 29, 2026.

This page is an AI-written research summary of Pagaya Technologies Ltd. (PGY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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