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
DateValue
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