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| Date | Value |
|---|---|
| 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 |