PennyMac Financial Services (PFSI) Cost of Revenue (2017 - 2026)
PennyMac Financial Services (PFSI) reported Cost of Revenue of $21.1 million for Q1 2026, up 123.64% year-over-year from $9.4 million in Q1 2025, and up 104.74% quarter-over-quarter from $10.3 million in Q4 2025.
PennyMac Financial Services (PFSI) Cost of Revenue (2017 - 2026) Analysis & Trends
PennyMac Financial Services (PFSI) has 9 years of Cost of Revenue data on file, last reported at $21.1 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $21.1 million, up 123.64% year-over-year; the trailing twelve-month figure through Mar 2026 was $57.8 million (up 108.45% YoY), and the FY2025 annual result was $46.1 million, up 110.02% from the prior year.
- Cost of Revenue advanced to $21.1 million in Q1 2026 per PFSI's latest filing, from $10.3 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $22.4 million in Q1 2022 and troughed at $3.2 million in Q1 2023.
- A 5-year average of $9.0 million and a median of $7.6 million in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue surged 236.13% in 2022, then plunged 85.53% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $3.8 million in 2022, then gained by 11.44% to $4.2 million in 2023, then surged by 85.77% to $7.8 million in 2024, then surged by 32.69% to $10.3 million in 2025, then soared by 104.74% to $21.1 million in 2026.
- Business Quant data shows PFSI's Cost of Revenue at $21.1 million in Q1 2026, $10.3 million in Q4 2025, and $14.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 35.67 Bn | 32.98 Bn | - | - |
| 2 | PennyMac Financial Services | 4.18 Bn | 3.68 Bn | 523.89 Mn | 21.09 Mn |
| 3 | Walker & Dunlop | 1.71 Bn | 1.53 Bn | - | - |
| 4 | UWM Holdings | 712.78 Mn | 1.54 Bn | - | - |
| 5 | Velocity Financial | 676.73 Mn | 592.27 Mn | - | - |
| 6 | CNFinance Holdings | 609.18 Mn | 560.37 Mn | - | - |
| 7 | Better Home & Finance Holding | 390.07 Mn | 319.79 Mn | - | - |
| 8 | Onity | 314.99 Mn | 314.99 Mn | - | - |
| 9 | loanDepot | 205.09 Mn | -9.41 Mn | - | - |
| 10 | Greystone Housing Impact Investors | 121.34 Mn | 121.34 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.09 Mn |
| Mar 31, 2026 | 21.09 Mn |
| Dec 31, 2025 | 10.30 Mn |
| Dec 31, 2025 | 10.30 Mn |
| Sep 30, 2025 | 14.02 Mn |
| Sep 30, 2025 | 14.02 Mn |
| Jun 30, 2025 | 12.39 Mn |
| Jun 30, 2025 | 12.39 Mn |
| Mar 31, 2025 | 9.43 Mn |
| Mar 31, 2025 | 9.43 Mn |
| Dec 31, 2024 | 7.77 Mn |
| Dec 31, 2024 | 7.77 Mn |
| Sep 30, 2024 | 5.09 Mn |
| Sep 30, 2024 | 5.09 Mn |
| Jun 30, 2024 | 5.45 Mn |
| Jun 30, 2024 | 5.45 Mn |
| Mar 31, 2024 | 3.67 Mn |
| Mar 31, 2024 | 3.67 Mn |
| Dec 31, 2023 | 4.18 Mn |
| Dec 31, 2023 | 4.18 Mn |