Pagaya
Reshaping the asset management space using machine learning and big data analytics to manage institutional money.
Launch date
Employees
Market cap
CAD1.2b
Enterprise valuation
CAD1.8b (Public information from Sep 2024)
Share price
$12.41 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 |
| Total Funding | CAD674m | ||
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ACQUISITION by Pagaya Jul 2024
ACQUISITION by Pagaya Jan 2023