PennyMac Financial Services (PFSI) Research & Development (2017 - 2026)
PennyMac Financial Services' (PFSI) quarterly Research & Development came in at $44.4 million in Q2 2026, up 5.17% year-over-year from $42.3 million in Q2 2025, and down 3.66% quarter-over-quarter from $46.1 million in Q1 2026.
Analysis
PennyMac Financial Services (PFSI) Research & Development (2017 - 2026) Analysis & Trends
PennyMac Financial Services (PFSI) has reported Research & Development for 10 consecutive years, with $44.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development rose 5.17% year-over-year to $44.4 million in Q2 2026; TTM through Jun 2026 was $170.7 million, a 6.47% increase from a year earlier, with the FY2025 full-year figure at $162.6 million, up 8.73% from the prior year.
- Research & Development was $44.4 million for Q2 2026 at PennyMac Financial Services, down from $46.1 million in the prior quarter.
- Over five years, Research & Development peaked at $46.1 million in Q1 2026 and troughed at $32.9 million in Q4 2023.
- A 5-year average of $38.1 million and a median of $36.0 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development declined 15.12% in 2022 and increased 24.22% in 2024, its largest moves.
- Over 5 years, Research & Development stood at $34.9 million in 2022, then declined by 5.81% to $32.9 million in 2023, then grew by 24.22% to $40.8 million in 2024, then decreased by 13.36% to $35.4 million in 2025, then climbed by 25.62% to $44.4 million in 2026.
- The last three Research & Development figures came in at $44.4 million (Q2 2026), $46.1 million (Q1 2026), and $35.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Federal National Mortgage Association Fannie Mae | 79.20 Bn | 79.20 Bn | - | - |
| 2 | Rocket Companies | 36.89 Bn | 33.78 Bn | - | - |
| 3 | Figure Technology Solutions | 8.16 Bn | 6.63 Bn | 196.67 Mn | 30.74 Mn |
| 4 | PennyMac Financial Services | 3.60 Bn | 2.85 Bn | 480.08 Mn | 44.44 Mn |
| 5 | Federal Agricultural Mortgage | 2.42 Bn | 1.38 Bn | - | - |
| 6 | CNFinance Holdings | 1.37 Bn | 1.37 Bn | - | - |
| 7 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | - |
| 8 | Velocity Financial | 695.59 Mn | -6.76 Bn | - | - |
| 9 | UWM Holdings | 455.66 Mn | -42.75 Mn | - | 35.59 Mn |
| 10 | Onity | 291.17 Mn | 94.87 Mn | - | 17.90 Mn |
Historic Data
Download Data
Historic 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 |