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
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