v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash $ 219,513 $ 301,680
Short-term investment at fair value 434,220 410,037
Principal-only stripped mortgage-backed securities at fair value pledged to creditors 659,235 722,528
Loans held for sale at fair value (includes $9,799,780 and $8,983,503 pledged to creditors) 9,954,495 9,123,410
Derivative assets from non-affiliates 276,709 185,518
Derivative assets from PennyMac Mortgage Investment Trust 5,886 2,257
Servicing advances, net (includes valuation allowance of $116,052 and $103,574; $394,107 and $406,825 pledged to creditors) 622,890 589,542
Mortgage servicing rights at fair value (includes $9,901,292 and $9,367,851 pledged to creditors) 10,149,036 9,598,941
Investment in PennyMac Mortgage Investment Trust at fair value 875 941
Receivable from PennyMac Mortgage Investment Trust $ 17,500 $ 17,122
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Loans eligible for repurchase $ 8,594,471 $ 7,409,800
Other (includes $15,241 and $10,393 pledged to creditors) 1,009,168 1,026,913
Total assets 31,943,998 29,388,689
LIABILITIES    
Assets sold under agreements to repurchase 10,177,643 8,794,002
Mortgage loan participation purchase and sale agreements 691,081 696,618
Notes payable secured by mortgage servicing assets 1,426,325 1,326,021
Unsecured senior notes 4,834,396 4,831,742
Derivative liabilities to non-affiliates 66,829 9,559
Derivative liabilities to PennyMac Mortgage Investment Trust 3,823 6,247
Mortgage servicing liabilities at fair value 1,568 1,572
Accounts payable and accrued expenses 459,016 643,896
Payable to PennyMac Mortgage Investment Trust $ 96,033 $ 116,585
Other Liability, Related Party [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement $ 24,757 $ 24,757
Income taxes payable 1,206,492 1,184,020
Liability for loans eligible for repurchase 8,594,471 7,409,800
Liability for losses under representations and warranties 35,805 34,894
Total liabilities 27,618,239 25,079,713
Commitments and contingencies - Note 18
STOCKHOLDERS' EQUITY    
Common stock-authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 51,923,059 and 52,061,346 shares, respectively 5 5
Additional paid-in capital 46,926 96,870
Retained earnings 4,278,828 4,212,101
Total stockholders' equity 4,325,759 4,308,976
Total liabilities and stockholders' equity $ 31,943,998 $ 29,388,689