Pagaya
Reshaping the asset management space using machine learning and big data analytics to manage institutional money.
Launch date
Employees
Market cap
$874m
Enterprise valuation
$1.3b (Public information from Sep 2024)
Share price
$12.55 PGY
New York City New York (HQ), Tel Aviv-Yafo Tel Aviv District (founding location)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 91.7m | 446m | 685m | 773m | 1.0b | 1.2b | 1.4b |
| % growth | - | 386 % | 54 % | 13 % | 31 % | 15 % | 18 % |
| EBITDA | 14.0m | (33.6m) | (314m) | (45.0m) | 194m | 243m | 281m |
| % EBITDA margin | 15 % | (8 %) | (46 %) | (6 %) | 19 % | 21 % | 20 % |
| Profit | 14.5m | (91.2m) | (302m) | (128m) | (114m) | 13.2m | 29.0m |
| % profit margin | 16 % | (20 %) | (44 %) | (17 %) | (11 %) | 1 % | 2 % |
| EV / revenue | - | - | 1.0x | 1.3x | 1.1x | 0.9x | 0.8x |
| EV / EBITDA | - | - | -2.1x | -21.8x | 5.6x | 4.5x | 3.9x |
| R&D budget | 12.3m | 66.2m | 151m | 74.4m | - | - | - |
| R&D % of revenue | 13 % | 15 % | 22 % | 10 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
* | €1.1m | Seed | |
$2.0m | Seed | ||
$75.0m | Debt | ||
$14.0m | Series B | ||
$25.0m | Series C | ||
* | $200m | Debt | |
$102m | Series D | ||
$250m Valuation: $8.5b 19.1x EV/LTM Revenues -253.3x EV/LTM EBITDA | SPAC IPO | ||
$350m Valuation: $8.5b 19.1x EV/LTM Revenues -253.3x EV/LTM EBITDA | SPAC Private Placement | ||
* | $75.0m | Post IPO Convertible | |
* | N/A | $541m | Post IPO Debt |
* | N/A | $800m | Post IPO Debt |
* | N/A | $268m | Post IPO Debt |
* | N/A | $693m | Post IPO Debt |
* | N/A | $396m | Post IPO Debt |
* | $280m | Post IPO Debt | |
* | N/A | $396m | Post IPO Debt |
* | N/A | $1.0b | Post IPO Debt |
* | N/A | $500m | - |
| Total Funding | $994m | ||
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ACQUISITION by Pagaya Jul 2024
ACQUISITION by Pagaya Jan 2023