Pagaya Technologies Ltd. — Earnings Quality Grade A
PGY · Technology
Strong financial health
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 44 days, change -2 days YoY
AR growth 20.6% vs revenue growth 25.6%
Revenue 25.6%, CFFO 399.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -40.2% vs revenue 25.6%. Normal
SG&A/Gross Profit = 41.6%. Normal
Gross margin 40.6%, change +0.1pp. Stable
Cash Flow Quality
CFFO/NI = 2.93. Profits backed by cash
FCF $0.2B, FCF/NI = 2.76
Accruals ratio = -10.2%. Low accruals
Cash $1.2B covers debt $0.9B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 6% of equity. Manageable
Debt/EBITDA = 3.4x. Healthy
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -15% YoY. Normal
Manipulation Score
M-Score = -2.84 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25