PennyMac Financial Services (PFSI) Research & Development (2017 - 2026)
PennyMac Financial Services' (PFSI) quarterly Research & Development came in at $46.1 million in Q1 2026, up 14.76% year-on-year from $40.2 million in Q1 2025, and up 30.4% on a QoQ basis 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.
- On a quarterly basis, Research & Development rose 14.76% year-over-year to $46.1 million in Q1 2026; TTM through Mar 2026 was $168.5 million, a 9.6% increase from a year earlier, with the FY2025 full-year figure at $162.6 million, up 8.73% from the prior year.
- Research & Development for Q1 2026 stood at $46.1 million, up from $35.4 million in the prior quarter.
- Over the last five years, Research & Development for PFSI reached as high as $46.1 million in Q1 2026 and fell as low as $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.
- Across the five-year window, Research & Development dropped 15.12% in 2022 and grew 24.22% in 2024, its largest moves.
- Year by year, Research & Development stood at $34.9 million in 2022, then slipped by 5.81% to $32.9 million in 2023, then advanced by 24.22% to $40.8 million in 2024, then fell by 13.36% to $35.4 million in 2025, then jumped by 30.4% to $46.1 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $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 | 38.33 Bn | 35.64 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | - |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 46.13 Mn |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | - |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | - |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 30.88 Mn |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | 8.36 Mn |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 17.50 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 |