PennyMac Financial Services PFSI
NYSE PFSI
$69.46 -1.46 (-2.05%)
As of: Sep 10, 2026 · 3:20 PM EDT

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

Historic Data

Download Data
DateValue
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