Pagaya Technologies Ltd
NASDAQ:PGY
Income Statement
Earnings Waterfall
Pagaya Technologies Ltd
Income Statement
Pagaya Technologies Ltd
| Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue |
643
N/A
|
711
+10%
|
749
+5%
|
765
+2%
|
779
+2%
|
787
+1%
|
812
+3%
|
871
+7%
|
925
+6%
|
971
+5%
|
1 032
+6%
|
1 077
+4%
|
1 153
+7%
|
1 246
+8%
|
|
| Gross Profit | |||||||||||||||
| Cost of Revenue |
(330)
|
(377)
|
(451)
|
(484)
|
(499)
|
(499)
|
(509)
|
(529)
|
(554)
|
(574)
|
(598)
|
(620)
|
(666)
|
(717)
|
|
| Gross Profit |
314
N/A
|
334
+6%
|
298
-11%
|
281
-6%
|
280
-1%
|
288
+3%
|
303
+5%
|
342
+13%
|
372
+9%
|
397
+7%
|
435
+9%
|
457
+5%
|
487
+7%
|
529
+8%
|
|
| Operating Income | |||||||||||||||
| Operating Expenses |
(462)
|
(561)
|
(549)
|
(548)
|
(406)
|
(349)
|
(328)
|
(334)
|
(348)
|
(351)
|
(368)
|
(350)
|
(329)
|
(313)
|
|
| Selling, General & Administrative |
(346)
|
(418)
|
(398)
|
(399)
|
(305)
|
(269)
|
(253)
|
(261)
|
(271)
|
(276)
|
(291)
|
(274)
|
(256)
|
(238)
|
|
| Research & Development |
(116)
|
(142)
|
(151)
|
(148)
|
(101)
|
(80)
|
(74)
|
(73)
|
(77)
|
(76)
|
(77)
|
(77)
|
(73)
|
(75)
|
|
| Operating Income |
(148)
N/A
|
(227)
-53%
|
(252)
-11%
|
(266)
-6%
|
(126)
+53%
|
(62)
+51%
|
(24)
+60%
|
8
N/A
|
24
+185%
|
46
+94%
|
67
+46%
|
107
+60%
|
158
+48%
|
216
+36%
|
|
| Pre-Tax Income | |||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
|
| Non-Reccuring Items |
0
|
0
|
(34)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(44)
|
|
| Total Other Income |
(30)
|
6
|
9
|
(92)
|
(115)
|
(166)
|
(157)
|
(124)
|
(180)
|
(241)
|
(488)
|
(501)
|
(463)
|
(382)
|
|
| Pre-Tax Income |
(178)
N/A
|
(221)
-24%
|
(276)
-25%
|
(359)
-30%
|
(241)
+33%
|
(228)
+6%
|
(181)
+20%
|
(116)
+36%
|
(157)
-35%
|
(196)
-25%
|
(421)
-115%
|
(395)
+6%
|
(305)
+23%
|
(211)
+31%
|
|
| Net Income | |||||||||||||||
| Tax Provision |
(20)
|
(22)
|
(16)
|
(23)
|
(9)
|
(1)
|
(16)
|
(14)
|
(23)
|
(13)
|
(25)
|
(17)
|
(7)
|
(4)
|
|
| Income from Continuing Operations |
(198)
|
(244)
|
(293)
|
(382)
|
(250)
|
(229)
|
(197)
|
(130)
|
(180)
|
(209)
|
(446)
|
(412)
|
(312)
|
(215)
|
|
| Income to Minority Interest |
(34)
|
(35)
|
(10)
|
37
|
49
|
81
|
68
|
41
|
48
|
31
|
44
|
39
|
31
|
24
|
|
| Net Income (Common) |
(254)
N/A
|
(297)
-17%
|
(315)
-6%
|
(357)
-14%
|
(201)
+44%
|
(148)
+26%
|
(128)
+13%
|
(89)
+31%
|
(132)
-49%
|
(178)
-35%
|
(401)
-126%
|
(373)
+7%
|
(282)
+24%
|
(194)
+31%
|
|
| EPS (Diluted) |
-4.8
N/A
|
-5.23
-9%
|
-5.52
-6%
|
-6.02
-9%
|
-3.37
+44%
|
-2.43
+28%
|
-2.14
+12%
|
-1.37
+36%
|
-1.84
-34%
|
-2.44
-33%
|
-5.66
-132%
|
-4.83
+15%
|
-3.54
+27%
|
-2.12
+40%
|
|