PennyMac Financial Services (PFSI) Research & Development (2017 - 2026)
PennyMac Financial Services (PFSI) posted quarterly Research & Development of $46.1 million for Q1 2026, up 14.76% year-over-year from $40.2 million in Q1 2025, and up 30.4% quarter-over-quarter from $35.4 million in Q4 2025.
PennyMac Financial Services (PFSI) Research & Development (2017 - 2026) Analysis & Trends
PennyMac Financial Services (PFSI) has reported Research & Development for 10 consecutive years, with $46.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 14.76% year-over-year to $46.1 million; the TTM figure through Mar 2026 stood at $168.5 million (up 9.6% YoY), while the FY2025 annual figure was $162.6 million, up 8.73% from the prior year.
- Research & Development climbed to $46.1 million in Q1 2026 per PFSI's latest filing, from $35.4 million in the prior quarter.
- Across five years, Research & Development topped out at $46.1 million in Q1 2026 and bottomed at $32.9 million in Q4 2023.
- Historically, Research & Development has averaged $37.7 million across 5 years, with a median of $36.0 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development fell 15.12% — and 2024, when it rose 24.22%.
- PennyMac Financial Services' Research & Development stood at $34.9 million in 2022, then retreated by 5.81% to $32.9 million in 2023, then rose by 24.22% to $40.8 million in 2024, then dropped by 13.36% to $35.4 million in 2025, then surged by 30.4% to $46.1 million in 2026.
- Business Quant data shows PFSI's Research & Development at $46.1 million in Q1 2026, $35.4 million in Q4 2025, and $44.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | - |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | 44.44 Mn |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | - |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | - |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | 35.59 Mn |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | 17.90 Mn |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.44 Mn |
| Mar 31, 2026 | 46.13 Mn |
| Dec 31, 2025 | 35.38 Mn |
| Sep 30, 2025 | 44.77 Mn |
| Jun 30, 2025 | 42.26 Mn |
| Mar 31, 2025 | 40.20 Mn |
| Dec 31, 2024 | 40.83 Mn |
| Sep 30, 2024 | 37.06 Mn |
| Jun 30, 2024 | 35.69 Mn |
| Mar 31, 2024 | 35.97 Mn |
| Dec 31, 2023 | 32.87 Mn |
| Sep 30, 2023 | 39.00 Mn |
| Jun 30, 2023 | 35.24 Mn |
| Mar 31, 2023 | 36.04 Mn |
| Dec 31, 2022 | 34.90 Mn |
| Sep 30, 2022 | 35.65 Mn |
| Jun 30, 2022 | 34.62 Mn |
| Mar 31, 2022 | 34.79 Mn |
| Dec 31, 2021 | 41.11 Mn |
| Sep 30, 2021 | 32.41 Mn |