PennyMac Financial Services (PFSI) Research & Development (2017 - 2026)

PennyMac Financial Services (PFSI) reported 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 10 years of Research & Development data on file, last reported at $46.1 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $46.1 million, up 14.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $168.5 million (up 9.6% YoY), and the FY2025 annual result was $162.6 million, up 8.73% from the prior year.
  • Research & Development rose to $46.1 million in Q1 2026 per PFSI's latest filing, from $35.4 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 $37.7 million and a median of $36.0 million in 2024 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2024: Research & Development fell 15.12% in 2022, then rose 24.22% in 2024.
  • A 5-year view of Research & Development shows it stood at $34.9 million in 2022, then fell by 5.81% to $32.9 million in 2023, then increased by 24.22% to $40.8 million in 2024, then slipped by 13.36% to $35.4 million in 2025, then jumped 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Rocket Companies 34.85 Bn 32.16 Bn - -
2 PennyMac Financial Services 4.14 Bn 3.65 Bn 523.89 Mn 46.13 Mn
3 Walker & Dunlop 1.73 Bn 1.55 Bn - -
4 UWM Holdings 743.45 Mn 1.57 Bn - 30.88 Mn
5 Velocity Financial 668.42 Mn 583.96 Mn - -
6 CNFinance Holdings 591.78 Mn 542.97 Mn - -
7 Better Home & Finance Holding 419.52 Mn 349.24 Mn - 8.36 Mn
8 Onity 306.24 Mn 306.24 Mn - 17.50 Mn
9 loanDepot 209.70 Mn -4.79 Mn - -
10 Greystone Housing Impact Investors 120.06 Mn 120.06 Mn - -

Historic Data

Download Data
DateValue
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
Jun 30, 2021 34.24 Mn