What is the 13F Pro Quality Score for PGY?

13F Pro ranks Pagaya Technologies Ltd. (PGY) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PGY's current score at https://13fpro.ai/company/PGY (free sign-up required for the full ranking).

Where does 13F Pro source PGY data?

All Pagaya Technologies Ltd. fundamentals and ownership data come directly from SEC EDGAR. Pagaya Technologies Ltd. files with the SEC under CIK 1883085. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PGY in?

Pagaya Technologies Ltd. (PGY) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives PGY's revenue?

Per Pagaya Technologies Ltd.'s latest 10-Q filed with the SEC on 2026-07-30, the biggest revenue drivers are: Network AI Fees ($585.4M, +9% YoY); Contract Fees ($79.3M, +30% YoY); Interest Income ($39.9M, +117% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/PGY.

What are PGY's largest expenses?

Pagaya Technologies Ltd.'s latest 10-Q reports these as the largest expense items: Production Costs ($396.3M, +11% YoY); General and Administrative ($68.4M, -21% YoY); Technology, Data and Product Development ($33.3M, -12% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (six months ended June 30, 2026).

How often is PGY research updated on 13F Pro?

PGY's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Pagaya Technologies Ltd.(PGY)Stock Analysis

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SEC EDGAR: CIK 1883085 PGY stock profile & AI dashboard →

InternationalScored off the official board: an annual-only filer, so this data lags a domestic quarterly filer.

13F Pro Quality Score

65.8/100

Rank #456 of 2,961 stocksTOP 25%

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

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Why PGY Scores 66/100

exact factor attribution · 2026-09-11

PGY's composite is driven by revenue growth and profitability, held back by institutional flow and shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+9.0 pts

84th pct

Profitability

+4.3 pts

71th pct

Capital efficiency

+4.2 pts

82th pct

Free cash flow

+3.1 pts

70th pct

Earnings quality

+2.9 pts

79th pct

Earnings growth

+1.9 pts

79th pct

Scale

+1.0 pts

55th pct

Shareholder dilution

-1.6 pts

26th pct

Institutional flow

-3.0 pts

5th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

PGY Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Pagaya Technologies Ltd. (PGY), a Financials sector company. 13F Pro's AI-powered ranking engine scores PGY at 65.8/100 on a 32-signal composite quality model, placing it at rank #456 of 2,961 stocks — the top 25% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), Pagaya Technologies Ltd. reports quarterly revenue of $387.0M, net income of $45.3M, free cash flow of $71.3M. Top institutional holders of PGY by reported 13-F value include LINDEN ADVISORS, Context Capital Management, FRONTIER CAPITAL MANAGEMENT, based on the most recent SEC filings. PGY trades on the Nasdaq exchange and files with the SEC under CIK 1883085. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PGY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Pagaya Technologies Ltd. directly from SEC EDGAR. Pagaya Technologies Ltd.'s 13F Pro composite quality score has ranged between 32 and 69 since 2024, currently 65.8 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about Pagaya Technologies Ltd.

Quirks, history, and lore behind PGY — the kind of stuff that makes a stock memorable.

1
The Basics
An Israeli-founded fintech company · listed on Nasdaq · operating in the consumer lending and credit markets.
2
The Numbers
It processes billions of dollars in loan applications annually, working with a network of dozens of financial institution partners — yet remains a small-cap name most investors have never heard of.
3
The History
Founded around 2016 and went public in the U.S. via a SPAC merger — the trendy blank-check route that defined a whole era of fintech listings.
4
The Secret
It doesn't make loans itself — it sells AI-powered credit decisioning to banks and lenders, sitting invisibly in the middle of the approval process like a very smart silent partner.
5
The Lore
Its technology is built to help lenders say yes to more borrowers — particularly those who'd be rejected by traditional credit scoring — using machine learning models trained on vast datasets.
6
The Giveaway
This Tel Aviv-born AI lending network trades on Nasdaq under a three-letter ticker and has the word "Technologies" in its name — a fintech you'd only know if you work in credit or follow SPACs obsessively.

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What's Driving PGY's Business? Latest 10-Q Breakdown

✓ 33/33 datapoints verified

AI-extracted from Pagaya Technologies Ltd.'s 10-Q filed 2026-07-30 — Q2 2026 (six months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Pagaya grew Network Volume 22% YoY to $6.2B and fee revenue 11% to $665M while net income jumped 185% to $70M, but credit losses on investments surged 86%.

Biggest Revenue Drivers

Network AI Fees$585.4M+9% YoY

Driven by improved economics in AI integration fees and 22% growth in Network Volume to $6.2 billion

Contract Fees$79.3M+30% YoY

Increase in assets held by securitization vehicles driven by continued business growth

Biggest Revenue Drivers

Total revenue: $705.0M+14% YoY

Network AI Fees$585.4M+9% YoY

Driven by improved economics in AI integration fees and 22% growth in Network Volume to $6.2 billion

Contract Fees$79.3M+30% YoY

Increase in assets held by securitization vehicles driven by continued business growth

Interest Income$39.9M+117% YoY

Higher average balance in investments in loans and securities and greater proportion of cash-yielding senior note tranches

Largest Expense Items

Production Costs$396.3M+11% YoY

Correlates to Network Volume growth of 22% and shifts in asset class composition

General and Administrative$68.4M-21% YoY

Decreased compensation and share-based compensation expenses

Technology, Data and Product Development$33.3M-12% YoY

Reduction in depreciation from increased useful life of software, partially offset by higher compensation

Sales and Marketing$21.2M-27% YoY

Lower compensation and share-based compensation expenses

Margins: Fee Revenue Less Production Costs (FRLPC) margin declined to 4.4% of Network Volume from 4.8% YoY, indicating pressure from production cost mix, though operating leverage improved with 78% growth in operating income.

Watch Items from the Filing

Credit-related impairment losses on ABS securities surged $37M to $80.3M for six months ended June 30, 2026, with $6M attributable to noncontrolling interests; fair value of investments sensitive to 100 bps increase in credit loss rates would decline $117M.
Two ABS securitization trusts (related parties) represented 29% of Q2 2026 quarterly fee revenue; for six months 2026, no customer exceeded 10% of fee revenue, but related-party fee receivables totaled $124.3M (65% of total receivables).
Geopolitical conflict between Israel, U.S. and Iran erupted February 2026; company stated no material business impacts to date but acknowledged heightened volatility in global energy and financial markets has increased cost of capital.
Unfunded maximum potential guarantees on forward flow agreements total $141.3M as of June 30, 2026; $48.1M segregated cash collateral required, with $20.9M accrued as liability.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$387.0M

Net Income

Q2 2026

$45.3M

Free Cash Flow

Q2 2026

$71.3M

ROIC

Q2 2026

71.2%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+26.1% YoY

$1.30BFY 2025

FY22 $748.9MFY23 $812.1MFY24 $1.03BFY25 $1.30B

Net Income

+120.3% YoY

$81.4MFY 2025

FY22 $-302.3MFY23 $-128.4MFY24 $-401.4MFY25 $81.4M

Operating Income

+294.7% YoY

$263.8MFY 2025

FY22 $-251.5MFY23 $-24.4MFY24 $66.8MFY25 $263.8M

EPS (Diluted)

+116.4% YoY

$0.93FY 2025

FY22 $-8.22FY23 $-2.14FY24 $-5.66FY25 $0.93

Total Assets

+19.7% YoY

$1.55BFY 2025

FY22 $1.05BFY23 $1.21BFY24 $1.29BFY25 $1.55B

Total Debt

—FY 2025

FY22 $61.8MFY23 $37.7MFY24 $321.3MFY25 —

Op. Cash Flow

+399.7% YoY

$238.6MFY 2025

FY22 $-40.0MFY23 $-21.7MFY24 $47.8MFY25 $238.6M

Free Cash Flow

+648.7% YoY

$224.7MFY 2025

FY22 $-62.4MFY23 $-41.8MFY24 $30.0MFY25 $224.7M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.30B +26.1%	$1.03B +27.1%	$812.1M +8.4%	$748.9M +57.8%	$474.6M +379.3%	$99.0M
Net Income	$81.4M +120.3%	$-401.4M -212.5%	$-128.4M +57.5%	$-302.3M -231.7%	$-91.2M -729.9%	$14.5M
Operating Income	$263.8M +294.7%	$66.8M +373.9%	$-24.4M +90.3%	$-251.5M -4229.6%	$-5.8M -127.3%	$21.3M
EPS (Diluted)	$0.93 +116.4%	$-5.66 -164.5%	$-2.14 +74.0%	$-8.22 +0.4%	$-8.25 -41350.0%	$0.02
Total Assets	$1.55B +19.7%	$1.29B +6.8%	$1.21B +15.6%	$1.05B +77.1%	$590.3M	—
Total Debt	—	$321.3M +752.6%	$37.7M -39.0%	$61.8M	$0.00	—
Operating Cash Flow	$238.6M +399.7%	$47.8M +320.5%	$-21.7M +45.9%	$-40.0M -180.3%	$49.8M +1070.1%	$4.3M
Free Cash Flow	$224.7M +648.7%	$30.0M +171.7%	$-41.8M +32.9%	$-62.4M -244.5%	$43.2M +1266.7%	$3.2M

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Available Research

13F Pro tracks comprehensive data for Pagaya Technologies Ltd. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PGY

LINDEN ADVISORS LP
$62.7M39,472,000 sh
Context Capital Management, LLC
$43.4M27,225,000 sh
FRONTIER CAPITAL MANAGEMENT CO LLC
$41.9M2,296,417 sh
MILLENNIUM MANAGEMENT LLC
$41.7M2,286,864 sh
BANK OF MONTREAL /CAN/
$35.4M21,943,000 sh
AMERICAN CENTURY COMPANIES INC
$34.5M1,887,696 sh
Aquamarine Financial (Cayman) Ltd
$32.3M1,771,209 sh
Allspring Global Investments Holdings, LLC
$30.9M1,645,317 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$30.7M1,683,700 sh
IMC-Chicago, LLC
$24.6M1,347,900 sh

Fund	Value	Shares
LINDEN ADVISORS LP	$62.7M	39,472,000
Context Capital Management, LLC	$43.4M	27,225,000
FRONTIER CAPITAL MANAGEMENT CO LLC	$41.9M	2,296,417
MILLENNIUM MANAGEMENT LLC	$41.7M	2,286,864
BANK OF MONTREAL /CAN/	$35.4M	21,943,000
AMERICAN CENTURY COMPANIES INC	$34.5M	1,887,696
Aquamarine Financial (Cayman) Ltd	$32.3M	1,771,209
Allspring Global Investments Holdings, LLC	$30.9M	1,645,317
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$30.7M	1,683,700
IMC-Chicago, LLC	$24.6M	1,347,900

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Is PGY a good stock to buy?

13F Pro's AI-powered analysis of Pagaya Technologies Ltd. (PGY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PGY are available on the PGY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. PGY is classified as a small company.

Which hedge funds own PGY?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PGY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Pagaya Technologies Ltd.'s investment landscape.