PennyMac Financial Services (PFSI) Balance Sheet: Assets & Liabilities

PennyMac Financial Services (PFSI) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), PennyMac Financial Services reported total assets of $29.39B and total liabilities of $25.08B. Shareholders' equity was $4.31B, up 12.5% from $3.83B a year earlier. Total debt stood at $23.06B against $711.72M in cash and short-term investments, a net debt position of $22.35B. That puts debt-to-equity at 5.35, compared with 5.37 a year earlier.

PennyMac Financial Services Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for PennyMac Financial Services, Inc. (PFSI) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.30	0.24	0.94	1.33	0.34	0.53	0.14	0.16	0.04
Short-Term Investments	0.41	0.42	0.01	0.01	0.01	0.02	0.07	0.12	0.17
Cash & Short-Term Investments	0.71	0.66	0.95	1.34	0.35	0.55	0.21	0.27	0.21
Accounts Receivable	0.14	14.54	9.44	8.33	12.96	26.38	6.01	0.16	1.24
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.10	-0.02
Other Current Assets	0.00	0.92	0.88	0.80	0.90	0.90	0.47	2.94	3.44
Total Current Assets	18.44	16.12	11.27	10.47	14.21	27.83	6.69	4.24	5.01
Non-Current Assets
Property, Plant & Equipment (Net)	0.08	0.05	0.07	0.09	0.09	0.11	0.10	0.03	0.03
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	9.71	8.87	7.25	6.11	3.99	2.66	2.99	2.86	2.15
Other Non-Current Assets	0.93	1.05	0.25	0.04	0.25	0.99	0.42	0.24	0.10
Total Non-Current Assets	10.94	9.97	7.57	6.35	4.57	3.76	3.52	3.23	2.35
Total Assets	29.39	26.09	18.84	16.82	18.78	31.60	10.20	7.48	7.37
Current Liabilities
Accounts Payable	0.76	0.48	0.66	0.35	0.36	0.58	0.43	0.48	0.48
Short-Term Debt	8.79	8.69	3.76	3.00	7.29	9.65	4.14	1.93	2.38
Accrued Liabilities	-	-	-	-	0.11	-	-	-	-
Other Current Liabilities	0.00	0.03	0.03	0.03	0.03	0.04	0.05	-1.12	-2.92
Total Current Liabilities	10.76	10.32	5.49	4.58	8.60	10.89	5.12	2.86	2.96
Non-Current Liabilities
Long-Term Debt	14.27	11.87	9.73	3.72	3.08	17.24	2.98	2.94	2.66
Deferred Tax Liabilities	0.00	0.00	0.00	1.00	0.81	0.00	0.00	-5.82	0.01
Other Non-Current Liabilities	0.03	0.07	0.08	-0.03	0.07	0.08	0.04	1.19	2.99
Total Non-Current Liabilities	14.32	11.94	9.81	8.77	6.76	17.32	3.02	2.97	2.69
Total Liabilities	25.08	22.26	15.31	13.35	15.36	28.21	8.14	5.82	5.65
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	4.21	3.77	3.51	3.47	3.29	2.34	0.73	0.34	0.27
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.65	1.72
Additional Paid-in Capital	0.10	0.06	0.02	0.00	0.13	1.05	1.34	1.31	-1.52
Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	1.25
Shares Outstanding	0.05	0.05	0.05	0.05	0.06	-	-	-	-
Total Stockholders' Equity	4.31	3.83	3.54	3.47	3.42	3.39	2.06	1.65	0.47
Total Liabilities & Equity	29.39	26.09	18.84	16.82	18.78	31.60	10.20	7.48	7.37

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About PennyMac Financial Services Balance Sheet

How much debt does PennyMac Financial Services have?

PennyMac Financial Services had total debt of $23.06B as of Dec 31, 2025, against $711.72M in cash and short-term investments. Its debt-to-equity ratio was 5.35. Total debt was $20.55B a year earlier.

What are PennyMac Financial Services's total assets?

PennyMac Financial Services reported total assets of $29.39B as of Dec 31, 2025, up 12.7% from $26.09B a year earlier. Total liabilities were $25.08B.

What is PennyMac Financial Services's shareholders' equity?

PennyMac Financial Services's shareholders' equity was $4.31B as of Dec 31, 2025, or about $82.77 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition