How PennyMac Financial Services makes money

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FY2025

How does PennyMac Financial Services make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

PennyMac Financial Services Inc. · FY2025 · year ended 2025-12-31

Revenue$20MGross profit$20M · 100%Cost of revenue$0 · 0%Operating income$0 · 0%Operating expenses$20M · 100%Other opex$20M · 100%Pre-tax income$551M · 2742%Other income$551M · 2742%Net income$501M · 2492%Income tax$50M · 250%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.