Company / R&D Expense
Pagaya Technologies Ltd. R&D Expense History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$75.2M
FY2025
5-year range
$66.2M / $150.9M
FY2021-FY2025
Trend
-1.8%
vs FY2024
Sector context
#13 of 21
Financials
What the data says
At $75M, Pagaya Technologies Ltd.'s r&d expense ranks #13 of 21 in the Financials sector. R&D Expense has fluctuated over the past 5 years, ranging from $66M in FY2023 to $151M in FY2022.
Based on SEC 10-K filings.
$75M in FY2025 with a 3-year CAGR of -20.7%.
Improved from $66M to $75M over the past 2 years.
Financials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -20.7%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#13 of 21 in FinancialsTop 62% of 21This company $75.2M Sector average $385.8M
▼
-80.5% below sector average
Key checks
Key Insights
- 3-year CAGR of -20.7%, indicating a declining trend.
- In FY2025, r&d expense decreased 1.8% year-over-year.
- Ranks #13 out of 21 companies in the Financials sector.
- Peak r&d expense was recorded in FY2022.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $75.2M | -1.8% |
| FY2024 | $76.6M | +15.6% |
| FY2023 | $66.2M | -56.1% |
| FY2022 | $150.9M | +128.0% |
| FY2021 | $66.2M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026