Pagaya Technologies Ltd. (PGY) - Net Assets
Based on the latest financial reports, Pagaya Technologies Ltd. (PGY) has net assets worth $555.35 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.55 Billion) and total liabilities ($990.56 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Pagaya Technologies Ltd. (PGY) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $555.35 Million |
| % of Total Assets | 35.92% |
| Annual Growth Rate | 46.14% |
| 5-Year Change | 14.65% |
| 10-Year Change | N/A |
| Growth Volatility | 95.9 |
Pagaya Technologies Ltd. - Net Assets Trend (2019–2025)
This chart illustrates how Pagaya Technologies Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore PGY current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Pagaya Technologies Ltd. (2019–2025)
The table below shows the annual net assets of Pagaya Technologies Ltd. from 2019 to 2025. For live valuation and market cap data, see Pagaya Technologies Ltd. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $555.35 Million | +25.77% |
| 2024-12-31 | $441.55 Million | -33.68% |
| 2023-12-31 | $665.75 Million | -13.02% |
| 2022-12-31 | $765.42 Million | +58.01% |
| 2021-12-31 | $484.40 Million | +149.53% |
| 2020-12-31 | $194.13 Million | +240.64% |
| 2019-12-31 | $56.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pagaya Technologies Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 85106900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $-48.32 Million | -10.07% |
| Other Components | $1.39 Billion | 289.78% |
| Total Equity | $480.02 Million | 100.00% |
Pagaya Technologies Ltd. Competitors by Market Cap
The table below lists competitors of Pagaya Technologies Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Halo Microelectronics Co. Ltd. A
SHG:688173
|
$1.01 Billion |
|
United States Antimony Corporation
NYSE MKT:UAMY
|
$1.02 Billion |
|
KSB SE & Co. KGaA
XETRA:KSB
|
$1.02 Billion |
|
XiAn ChenXi Aviation Technology Corp Ltd
SHE:300581
|
$1.02 Billion |
|
DL Holdings CO. LTD.
KO:000210
|
$1.01 Billion |
|
Zhejiang Founder Motor Co Ltd
SHE:002196
|
$1.01 Billion |
|
BALTIC CLASSIF.GR LS 001
F:983
|
$1.01 Billion |
|
LifeSemantics Corp.
KQ:347700
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pagaya Technologies Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 326,491,000 to 480,017,000, a change of 153,526,000 (47.0%).
- Net income of 81,389,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 36,831,000.
- Other factors increased equity by 108,968,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $81.39 Million | +16.96% |
| Other Comprehensive Income | $-36.83 Million | -7.67% |
| Other Changes | $108.97 Million | +22.7% |
| Total Change | $- | 47.02% |
Book Value vs Market Value Analysis
This analysis compares Pagaya Technologies Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.05x to 2.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $2.02 | $14.24 | x |
| 2020-12-31 | $5.94 | $14.24 | x |
| 2021-12-31 | $18.94 | $14.24 | x |
| 2022-12-31 | $14.47 | $14.24 | x |
| 2023-12-31 | $9.32 | $14.24 | x |
| 2024-12-31 | $4.61 | $14.24 | x |
| 2025-12-31 | $5.78 | $14.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pagaya Technologies Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.45%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 3.22x
- Recent ROE (16.96%) is above the historical average (-31.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -17.46% | -15.55% | 0.62x | 1.82x | $-8.84 Million |
| 2020 | 13.25% | 15.77% | 0.45x | 1.87x | $3.55 Million |
| 2021 | -29.56% | -20.44% | 0.76x | 1.91x | $-121.98 Million |
| 2022 | -54.62% | -44.11% | 0.66x | 1.89x | $-357.67 Million |
| 2023 | -22.95% | -16.62% | 0.64x | 2.16x | $-184.41 Million |
| 2024 | -122.95% | -39.96% | 0.78x | 3.95x | $-434.06 Million |
| 2025 | 16.96% | 6.45% | 0.82x | 3.22x | $33.39 Million |
Industry Comparison
This section compares Pagaya Technologies Ltd.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $527,355,826
- Average return on equity (ROE) among peers: -32.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pagaya Technologies Ltd. (PGY) | $555.35 Million | -17.46% | 1.78x | $1.01 Billion |
| ACI Worldwide Inc (ACIW) | $267.21 Million | 20.72% | 1.00x | $4.34 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $26.91 Million | -95.01% | 0.21x | $821.47 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $456.38 Million | -22.24% | 0.05x | $906.22 Million |
| Axe Compute Inc. (AGPU) | $-2.19 Million | 0.00% | 0.00x | $24.93 Million |
| C3 Ai Inc (AI) | $1.06 Billion | -5.25% | 0.13x | $1.26 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 0.95% | 0.09x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $13.57 Million | 2.93% | 0.26x | $437.32 Million |
| Airship AI Holdings Inc (AISP) | $-8.36 Million | 0.00% | 0.00x | $83.39 Million |
| AIxCrypto Holdings, Inc. (AIXC) | $2.68 Million | -233.64% | 0.75x | $5.68 Million |
| Akamai Technologies Inc (AKAM) | $3.19 Billion | 9.35% | 0.71x | $15.05 Billion |
About Pagaya Technologies Ltd.
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands. The company offers Decline Monetization, the flagship product which allows Partners to automatically send rejected … Read more