PennyMac Financial Services, Inc.
For the period ended Sep 30, 2025. Filed Oct 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 28, 2025
PFSI$66.44+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, · · December 31, | ||||||
| · 2025 · 2024 | ||||||
| | | (in thousands, except share amounts) | ||||
| ASSETS | | | | | | |
| Cash | | $621,921 | | $238,482 | ||
| Short-term investment at fair value | | | 62,228 | | | 420,553 |
| Principal-only stripped mortgage-backed securities at fair value pledged to creditors | | | 774,021 | | | 825,865 |
| Loans held for sale at fair value (includes $7,433,850 and $8,140,834 pledged to creditors) | | | 7,490,473 | | | 8,217,468 |
| Derivative assets from non-affiliates | | | 200,303 | | | 113,076 |
| Derivative assets from PennyMac Mortgage Investment Trust | | | 1,779 | | | — |
| Servicing advances, net (includes valuation allowance of $86,180 and $85,788; $261,752 and $357,939 pledged to creditors) | | | 396,006 | | | 568,512 |
| Mortgage servicing rights at fair value (includes $9,440,264 and $8,609,388 pledged to creditors) | | | 9,653,942 | | | 8,744,528 |
| Investment in PennyMac Mortgage Investment Trust at fair value | | | 920 | | | 944 |
| Receivable from PennyMac Mortgage Investment Trust | | | 40,165 | | | 30,206 |
| Loans eligible for repurchase | | | 5,416,967 | | | 6,157,172 |
| Other (includes $11,848 and $16,697 pledged to creditors) | | | 742,395 | | | 770,081 |
| Total assets | | $25,401,120 | | $26,086,887 | ||
| LIABILITIES | | | | | | |
| Assets sold under agreements to repurchase | | $7,130,423 | | $8,685,207 | ||
| Mortgage loan participation purchase and sale agreements | | | 699,182 | | | 496,512 |
| Notes payable secured by mortgage servicing assets | | | 1,325,716 | | | 2,048,972 |
| Unsecured senior notes | | | 4,829,113 | | | 3,164,032 |
| Derivative liabilities to non-affiliates | | | 17,179 | | | 40,900 |
| Derivative liabilities to PennyMac Mortgage Investment Trust | | | 7,097 | | | — |
| Mortgage servicing liabilities at fair value | | | 1,593 | | | 1,683 |
| Accounts payable and accrued expenses | | | 476,094 | | | 354,414 |
| Payable to PennyMac Mortgage Investment Trust | | | 80,605 | | | 122,317 |
| Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement | | | 24,806 | | | 25,898 |
| Income taxes payable | | | 1,151,395 | | | 1,131,000 |
| Liability for loans eligible for repurchase | | | 5,416,967 | | | 6,157,172 |
| Liability for losses under representations and warranties | | | 33,064 | | | 29,129 |
| Total liabilities | | | 21,193,234 | | | 22,257,236 |
| | | | | | | |
| Commitments and contingencies – Note 18 | | | | | | |
| | | | | | | |
| STOCKHOLDERS’ EQUITY | | | | | | |
| Common stock—authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 51,875,223 and 51,376,616 shares, respectively | | | 5 | | | 5 |
| Additional paid-in capital | | | 86,680 | | | 56,072 |
| Retained earnings | | | 4,121,201 | | | 3,773,574 |
| Total stockholders' equity | | | 4,207,886 | | | 3,829,651 |
| Total liabilities and stockholders' equity | | $25,401,120 | | $26,086,887 | ||
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