Company / Cost of Revenue
Pagaya Technologies Ltd. Cost of Revenue History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$749.2M
FY2025
5-year range
$232.3M / $749.2M
FY2021-FY2025
Trend
+25.4%
vs FY2024
Sector context
#16 of 38
Financials
What the data says
At $749M, Pagaya Technologies Ltd.'s cost of revenue ranks #23 of 38 in the Financials sector. Increased from $232M to $749M over the past 2 years.
Based on SEC 10-K filings.
$749M in FY2025 with a 3-year CAGR of +18.4%.
Increased from $232M to $749M over the past 2 years.
Financials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +18.4%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#23 of 38 in FinancialsTop 58% of 38This company $749.2M Sector average $1.3B
▼
-41.2% below sector average
Key checks
Key Insights
- 3-year CAGR of +18.4%, indicating consistent growth.
- In FY2025, cost of revenue increased 25.4% year-over-year.
- Ranks #16 out of 38 companies in the Financials sector.
- Lowest cost of revenue in the period was in FY2023.
Company context
Key Data Points
- Altman Z-Score 1.09 (distress zone, below 1.8 threshold)
- Negative profit margin: -19.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $749.2M | +25.4% |
| FY2024 | $597.7M | +157.2% |
| FY2023 | $232.3M | -48.5% |
| FY2022 | $451.1M | +94.2% |
| FY2021 | $232.3M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026