Financial Snapshot

Revenue
$970.9M
TTM
Gross Margin
40.8%
TTM
Net Earnings
-$177.9M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
117.3%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$617.0M
Q3 2024
Cash
Q3 2024
P/E
-4.167
Nov 13, 2024 EST
Free Cash Flow
$40.75M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $812.1M $748.9M $0.00 $0.00
YoY Change 8.43%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $812.1M $748.9M $0.00 $0.00
Cost Of Revenue $508.9M $451.1M $232.3M $49.09M
Gross Profit $303.1M $297.8M -$232.3M -$49.09M
Gross Profit Margin 37.33% 39.77%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $253.1M $398.4M $181.9M $16.34M
YoY Change -36.47% 119.08% 1012.99%
% of Gross Profit 83.51% 133.77%
Research & Development $74.38M $150.9M $66.21M $12.33M
YoY Change -50.72% 127.96% 436.9%
% of Gross Profit 24.54% 50.68%
Depreciation & Amortization $19.13M $6.294M $815.0K $290.0K
YoY Change 203.89% 672.27% 181.03%
% of Gross Profit 6.31% 2.11%
Operating Expenses $327.5M $549.3M $8.010M $3.540K
YoY Change -40.38% 6758.62% 226160.45%
Operating Profit -$24.40M -$251.5M -$5.809M $21.25M
YoY Change -90.3% 4229.57% -127.33%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $110.8K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$156.8M -$24.87M -$261.2K -$55.00K
YoY Change 530.38% 9419.23% 375.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$181.2M -$276.4M -$8.160M -$3.540K
YoY Change -34.45% 3286.89% 230411.58%
Income Tax $15.57M $16.40M $7.875M $1.276M
% Of Pretax Income
Net Earnings -$128.4M -$302.3M -$8.160M -$3.540K
YoY Change -57.52% 3604.86% 230411.58%
Net Earnings / Revenue -15.82% -40.37%
Basic Earnings Per Share -$2.14 -$0.69 -$0.69 $0.03
Diluted Earnings Per Share -$0.18 -$0.69 -$262.7K -$113.30

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $186.5M $309.8M $381.4K $62.64M
YoY Change -39.81% 81125.22% -99.39%
Cash & Equivalents $186.5M $309.8M $190.8M $5.066M
Short-Term Investments $0.00 $5.020M $57.57M
Other Short-Term Assets $33.13M $31.01M $355.4K $276.8K
YoY Change 6.84% 8626.26% 28.42%
Inventory
Prepaid Expenses
Receivables $79.53M $59.22M $32.33M $12.81M
Other Receivables $4.263M $19.79M $6.509M $790.0K
Total Short-Term Assets $303.4M $419.8M $736.8K $276.8K
YoY Change -27.73% 56877.51% 166.24%
Property, Plant & Equipment $97.29M $92.74M $7.648M $1.534M
YoY Change 4.9% 1112.6% 398.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.38M $25.89M $287.6M $2.214M
YoY Change 1.89% -91.0% 12890.55%
Other Assets $19.33M $4.886M $54.08K $3.117M
YoY Change 295.54% 8934.76% -98.26%
Total Long-Term Assets $905.0M $625.3M $287.7M $0.00
YoY Change 44.73% 117.36%
Total Assets $1.208B $1.045B $288.4M $276.8K
YoY Change
Accounts Payable $1.286M $1.739M $11.58M $581.0K
YoY Change -26.05% -84.98% 1893.12%
Accrued Expenses $35.49M $23.01M $6.079M $255.3K
YoY Change 54.24% 278.57% 2281.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $37.69M $61.83M
YoY Change -39.05%
Total Short-Term Liabilities $74.93M $128.0M $7.440M $255.3K
YoY Change -41.47% 1620.7% 2814.28%
Long-Term Debt $324.0M $92.80M $0.00 $0.00
YoY Change 249.16%
Other Long-Term Liabilities $69.32M $58.27M $32.26M $5.879M
YoY Change 18.96% 80.6% 448.79%
Total Long-Term Liabilities $393.3M $151.1M $32.26M $0.00
YoY Change 160.37% 368.24%
Total Liabilities $574.4M $491.6M $39.70M $255.3K
YoY Change 16.85% 1138.08% 15452.26%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 60.04M shares 459.0M shares 195.3M shares 191.1M shares
Diluted Shares Outstanding 60.04M shares 459.0M shares 195.3M shares 206.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $741.31 Million

About Pagaya Technologies Ltd

Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. The company is primarily engaged in financial technology (FinTech) industry. The firm develops data science, machine learning and AI technology (Artificial Intelligence) analytics, enabling accurate, real-time customer credit assessments. Company's customers are lending companies that, by connecting to the AI Pagaya network, have the opportunity to discover and approve new customers that meet their credit criteria. Thanks to the Company's solutions, its customers gains a customer without undue risk. Pagaya Technologies Ltd delivers technology that provides loan assistance such as personal, car and credit card loans. The firm serves its clients all over the world.

Industry: Finance Services Peers: Cellebrite DI Ltd Magic Software Enterprises Ltd Riskified Ltd Sapiens International Corporation NV Similarweb Ltd WalkMe Ltd.