← PennyMac Financial Services, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Short-term investment at fair value | $117.8m | $74.6m | $15.2m | $6.9m | $12.2m | $10.3m | $420.6m | $410.0m | |
| Receivable from PennyMac Mortgage Investment Trust | — | — | — | $40.1m | $36.4m | $29.3m | $30.2m | $17.1m | |
| Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement | $46.5m | $46.2m | $35.2m | $30.5m | $26.1m | $26.1m | $25.9m | $24.8m | |
| Cash | $155.3m | $188.3m | $532.7m | $340.1m | $1.3b | $938.4m | $238.5m | $301.7m | |
| Principal-only stripped mortgage-backed securities at fair value pledged to creditors | — | — | — | — | — | — | $825.9m | $722.5m | |
| Loans held for sale at fair value (includes $8,983,503 and $8,140,834 pledged to creditors) | $2.5b | $4.9b | $11.6b | $9.7b | $3.5b | $4.4b | $8.2b | $9.1b | |
| Derivative assets from non-affiliates | $96.3m | $159.7m | $711.2m | $333.7m | $99.0m | $179.1m | $113.1m | $185.5m | |
| Derivative assets from PennyMac Mortgage Investment Trust | — | — | — | — | — | — | — | $2.3m | |
| Servicing advances, net (includes valuation allowance of $103,574 and $85,788; $406,825 and $357,939 pledged to creditors) | $313.2m | $331.2m | $579.5m | $702.2m | $696.8m | $694.0m | $568.5m | $589.5m | |
| Mortgage servicing rights at fair value (includes $9,367,851 and $8,609,388 pledged to creditors) | $2.8b | $2.9b | $2.6b | $3.9b | $6.0b | $7.1b | $8.7b | $9.6b | |
| Investment in PennyMac Mortgage Investment Trust at fair value | $1.4m | $1.7m | $1.1m | $1.3m | $929k | $1.1m | $944k | $941k | |
| Loans eligible for repurchase | $1.1b | $1.0b | $14.6b | $3.0b | $4.7b | $4.9b | $6.2b | $7.4b | |
| Other (includes $10,393 and $16,697 pledged to creditors) | $109.6m | $219.6m | $692.2m | $616.6m | $417.9m | $582.5m | $770.1m | $1.0b | |
| Assets sold under agreements to repurchase | $1.9b | $4.1b | $9.7b | $7.3b | $3.0b | $3.8b | $8.7b | $8.8b | |
| Mortgage loan participation purchase and sale agreements | $532.3m | $497.9m | $521.5m | $479.8m | $287.6m | $446.1m | $496.5m | $696.6m | |
| Notes payable secured by mortgage servicing assets | $1.3b | $1.3b | $1.3b | $1.3b | $1.9b | $1.9b | $2.0b | $1.3b | |
| Unsecured senior notes | — | — | $645.8m | $1.8b | $1.8b | $2.5b | $3.2b | $4.8b | |
| Derivative liabilities | $3.1m | $22.3m | $42.6m | $22.6m | $21.7m | $53.3m | $40.9m | $9.6m | |
| Derivative liabilities to PennyMac Mortgage Investment Trust | — | — | — | — | — | — | — | $6.2m | |
| Mortgage servicing liabilities at fair value | $8.7m | $29.1m | $45.3m | $2.8m | $2.1m | $1.8m | $1.7m | $1.6m | |
| Payable to PennyMac Mortgage Investment Trust | $104.6m | $73.3m | $140.3m | $228.0m | $205.0m | $208.2m | $122.3m | $116.6m | |
| Income taxes payable | $400.5m | $504.6m | $622.7m | $685.3m | $1.0b | $1.0b | $1.1b | $1.2b | |
| Liability for loans eligible for repurchase | $1.1b | $1.0b | $14.6b | $3.0b | $4.7b | $4.9b | $6.2b | $7.4b | |
| Liability for losses under representations and warranties | $21.2m | $21.4m | $32.7m | $43.5m | $32.4m | $30.8m | $29.1m | $34.9m | |
| Total assets | $7.5b | $10.2b | $31.6b | $18.8b | $16.8b | $18.8b | $26.1b | $29.4b | |
| Total liabilities and stockholders' equity | $7.5b | $10.2b | $31.6b | $18.8b | $16.8b | $18.8b | $26.1b | $29.4b | |
| Accounts payable and accrued expenses | $156.2m | $175.3m | $308.4m | $359.4m | $262.4m | $449.9m | $354.4m | $643.9m | |
| Total liabilities | $5.8b | $8.1b | $28.2b | $15.4b | $13.4b | $15.3b | $22.3b | $25.1b | |
| Common stock-authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 52,061,346 and 51,376,616 shares, respectively | 8k | 8k | 7k | 6k | 5k | 5k | 5k | 5k | |
| Additional paid-in capital | $1.3b | $1.3b | $1.0b | $125.4m | — | $24.3m | $56.1m | $96.9m | |
| Retained earnings | $343.1m | $726.4m | $2.3b | $3.3b | $3.5b | $3.5b | $3.8b | $4.2b | |
| Total stockholders' equity | $1.7b | $2.1b | $3.4b | $3.4b | $3.5b | $3.5b | $3.8b | $4.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.