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Pagaya Technologies vs loanDepot: PGY and LDI compared
Pagaya Technologies is the larger company: $390M of revenue in its latest quarter (Q3 2026) against $337M for loanDepot (Q2 2026). loanDepot is growing faster (+19% against +12% a year earlier). Pagaya Technologies is more profitable, with an operating margin of 28.8% against -2.0%.
Where the money goes: PGY and LDI
Pagaya Technologies (PGY) · Q3 2026
Pagaya Technologies, Q3 2026: revenue $390M (+12% year over year), operating margin 28.8%, net earnings $49.7M, operating cash flow $49.0M. The chart follows the revenue to costs, profit and cash.
loanDepot (LDI) · Q2 2026
loanDepot, Q2 2026: revenue $337M (+19% year over year), operating margin -2.0%, net loss $6.6M, operating cash flow $520M. The chart follows the revenue to costs, profit and cash.
| Pagaya Technologies (PGY) | loanDepot (LDI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $390M | $337M |
| Revenue growth, Y/Y | +12% | +19% |
| Operating margin | 28.8% | -2.0% |
| Net earnings | $49.7M | −$6.6M |
| Net margin | 12.7% | -2.0% |
| Operating cash flow | $49.0M | $520M |
| Free cash flow | $45.8M | $510M |
| Market value | $1.7B | $134M |
| P/E | 10.4× | — |
| Analysts’ mean target | $29.45 | $1.12 |
Where the revenue comes from
Pagaya Technologies
- Network AI Fees: $312M (80%)
- Financial Service: $50.1M (13%)
- Other revenues: $28.4M (7%)
Questions
Which is bigger, Pagaya Technologies or loanDepot?
Pagaya Technologies is the larger company: $390M of revenue in its latest quarter (Q3 2026) against $337M for loanDepot (Q2 2026).
Is Pagaya Technologies or loanDepot growing faster?
loanDepot is growing faster (+19% against +12% a year earlier).
Which is more profitable, Pagaya Technologies or loanDepot?
Pagaya Technologies is more profitable, with an operating margin of 28.8% against -2.0%.
More: Pagaya Technologies earnings · how Pagaya Technologies makes money · loanDepot earnings · how loanDepot makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.