Quick Answer
Pagaya Technologies Ltd. reported R&D Expense of $75.21 million for fiscal year 2025.
Pagaya Technologies Ltd. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $75.21M | -1.8% |
| 2024 | $76.57M | +2.9% |
| 2023 | $74.38M | -50.7% |
| 2022 | $150.93M | +128.0% |
| 2021 | $66.21M | +436.9% |
| 2020 | $12.33M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $18.24M | +9.5% | -1.2% |
| June 30, 2025 | $18.45M | -15.9% | -5.1% |
| March 31, 2025 | $19.44M | +0.3% | +16.7% |
| September 30, 2024 | $16.66M | -7.7% | -24.1% |
| June 30, 2024 | $21.93M | +24.2% | +13.2% |
| March 31, 2024 | $19.38M | -8.3% | +7.4% |
| September 30, 2023 | $18.04M | — | +2.1% |
| June 30, 2023 | $17.66M | — | -16.4% |
- Pagaya Technologies Ltd. showed a decrease of -1.8% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2025 period, Pagaya Technologies Ltd.’s r&d expense has grown by 509.9% (from $12.33 million to $75.21 million).
- The most recent figure is from Pagaya Technologies Ltd.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 2, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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