PennyMac Financial Services, Inc. PFSI
The following description of our business should be read in conjunction with the information included elsewhere in this Report. 10-K, Item 1
- Headquarters
- Westlake Village, CA
- CEO
- David Spector
- Next results
- around Jan 28, 2027
PFSI among Financials peers
Six ratios from the latest 10-K. Each corner is the share of 241 peers the company is above, not a score.
What changed
18 new risk paragraphs. 10-K filed Feb 20, 2026 against Feb 19, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
8 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 8 checks found nothing to note
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Same auditor in both 10-Ks: Deloitte & Touche LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
5 more checks with nothing to note
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Mortgage Servicing Rights (“MSRs”)
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
18 paragraphs in Risk Factors that were not in the 10-K filed Feb 19, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
Rising homeownership costs may negatively impact housing affordability and increase mortgage delinquencies, defaults and foreclosures.
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Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
A significant deterioration in macroeconomic conditions could reduce the amount of disposable income consumers have and negatively impact consumers’ ability to take out new loans and repay existing loans. A
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Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
Rising homeownership costs may negatively impact housing affordability and increase mortgage delinquencies, defaults and foreclosures. Housing affordability has been negatively impacted by rising housing costs and tax payments. The average share of borrowers' mortgage payments allocated to property taxes and insurance premiums has been…
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Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
The unsecured senior note indentures contain additional restrictive covenants that may limit our and our restricted subsidiaries’ ability to engage in specified types of transactions, including our ability and/or the ability of our restricted subsidiaries to:
New risk paragraphs, against peers
Latest 10-K of each, Financials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $2.0B | $1.4B | $1.6B | $2.0B |
| Net income | $475.5M | $144.7M | $311.4M | $501.1M |
| Operating cash flow | $6.0B | −$1.6B | −$4.5B | −$1.7B |
| Free cash flow | $6.0B | −$1.6B | −$4.5B | −$1.7B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$2.0B ▲ 28.4% in FY2025$501.1M ▲ 60.9% in FY2025−$1.7B in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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10-QNov 3, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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OfficerOct 29, 2026CFO change Perotti, the Company’s Senior Managing Director and Chief Financial Officer, will resign from that role as of December 31, 2026, and will continue with the Company in an advisory role.
About the company
PennyMac Financial Services, Inc., Westlake Village, CA · from the 10-K filed Feb 20, 2026
The following description of our business should be read in conjunction with the information included elsewhere in this Report. This description contains forward-looking statements that involve risks and uncertainties. Actual results could differ significantly from the projections and results discussed in the forward-looking statements due to the factors described under the caption “Risk Factors” and elsewhere in this Report. References in this Report to “we,” “our,” “us,” and the “Company” refer to PennyMac Financial Services, Inc. (“PFSI”) and its consolidated subsidiaries.
- Headquarters
- Westlake Village, CA
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 29, 2026
- Incorporated in
- DE
Email alerts
Sources
The 10-K filed Feb 20, 2026 (open at SEC), compared with the 10-K filed Feb 19, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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