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Pagaya Valuation Multiples
Discover revenue and EBITDA valuation multiples for Pagaya and similar public comparables like Zigup, Vitec Software, FinVolution Group, PROG Holdings and more.
Pagaya Overview
About Pagaya
Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit. The company generates majority of its revenue from United States.
Founded
2016
HQ
Employees
553
Website
Financials (LTM)
EV
$902M
Pagaya Financials
Pagaya reported last 12-month revenue of $1B and EBITDA of $388M.
In the same LTM period, Pagaya generated $568M in gross profit, $388M in EBITDA, and $95M in net income.
Revenue (LTM)
Pagaya P&L
In the most recent fiscal year, Pagaya reported revenue of $1B and EBITDA of $371M.
Pagaya expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $568M | XXX | $512M | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | $388M | XXX | $371M | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $95M | XXX | $81M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $589M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Pagaya Stock Performance
Pagaya has current market cap of $1B, and enterprise value of $902M.
Market Cap Evolution
Pagaya's stock price is $15.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $902M | $1B | 0.0% | XXX | XXX | XXX | $0.99 |
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Start Free TrialPagaya Valuation Multiples
Pagaya trades at 0.7x EV/Revenue multiple, and 2.3x EV/EBITDA.
EV / Revenue (LTM)
Pagaya Financial Valuation Multiples
As of April 20, 2026, Pagaya has market cap of $1B and EV of $902M.
Equity research analysts estimate Pagaya's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Pagaya has a P/E ratio of 13.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $902M | XXX | $902M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBIT | 3.2x | XXX | 3.4x | XXX | XXX | XXX |
| EV/Gross Profit | 1.6x | XXX | 1.8x | XXX | XXX | XXX |
| P/E | 13.0x | XXX | 15.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 4.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Pagaya Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Pagaya Margins & Growth Rates
Pagaya's revenue in the last 12 month grew by 14%.
Pagaya's revenue per employee in the last FY averaged $2.4M, while opex per employee averaged $0.5M for the same period.
Pagaya's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Pagaya's rule of X is 72% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Pagaya Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 72% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 12% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Pagaya Public Comps
See public comps and valuation multiples for other Financial Services Software and Online Lending comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Pagaya | XXX | XXX | XXX | XXX | XXX | XXX |
| Zigup | XXX | XXX | XXX | XXX | XXX | XXX |
| Vitec Software | XXX | XXX | XXX | XXX | XXX | XXX |
| FinVolution Group | XXX | XXX | XXX | XXX | XXX | XXX |
| PROG Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| United Wholesale Mortgage | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Pagaya M&A Activity
Pagaya acquired XXX companies to date.
Last acquisition by Pagaya was on XXXXXXXX, XXXXX. Pagaya acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Pagaya
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPagaya Investment Activity
Pagaya invested in XXX companies to date.
Pagaya made its latest investment on XXXXXXXX, XXXXX. Pagaya invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Pagaya
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Pagaya
| When was Pagaya founded? | Pagaya was founded in 2016. |
| Where is Pagaya headquartered? | Pagaya is headquartered in United States. |
| How many employees does Pagaya have? | As of today, Pagaya has over 553 employees. |
| Who is the CEO of Pagaya? | Pagaya's CEO is Gal Krubiner. |
| Is Pagaya publicly listed? | Yes, Pagaya is a public company listed on Nasdaq. |
| What is the stock symbol of Pagaya? | Pagaya trades under PGY ticker. |
| When did Pagaya go public? | Pagaya went public in 2022. |
| Who are competitors of Pagaya? | Pagaya main competitors are Zigup, Vitec Software, FinVolution Group, PROG Holdings. |
| What is the current market cap of Pagaya? | Pagaya's current market cap is $1B. |
| What is the current revenue of Pagaya? | Pagaya's last 12 months revenue is $1B. |
| What is the current revenue growth of Pagaya? | Pagaya revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Pagaya? | Current revenue multiple of Pagaya is 0.7x. |
| Is Pagaya profitable? | Yes, Pagaya is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Pagaya? | Pagaya's last 12 months EBITDA is $388M. |
| What is Pagaya's EBITDA margin? | Pagaya's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of Pagaya? | Current EBITDA multiple of Pagaya is 2.3x. |
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