What does capitalized software write-off mean?

Measures the write-down of capitalized software costs when the carrying amount of the asset exceeds its recoverable value. This metric indicates the obsolescence or underperformance of the company's internal technology investments.

PennyMac Financial Services, Inc. PFSI Capitalized software write-off

Capitalized software write-off at other companies

PennyMac Financial Services, Inc.PFSI

$317K—

Dolby Laboratories, Inc.DLB

$0—

BankUnitedBKU

$3.8M—

Vulcan Materials CompanyVMC

$775K+82.4%

NiSourceNI

$19M-10.8%

Take-Two Interactive SoftwareTTWO

$129.9M-14.9%

Segments

By segment

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Mortgage Banking Lending Sector$317K—

Other financials

Income statement

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Revenue$545.0M+26.5%

Net income$82.3M+7.9%

EPS (diluted)$1.53+7.7%

Balance sheet

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Cash & equivalents$219.5M+4.0%

Total debt$72.4M+63.3%

Total assets$31.9B+33.8%

Cash flow

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Operating cash flow-$1.3B-226%

CapEx$2.3M+506%

Free cash flow-$1.3B-226%

Valuation

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Market cap$4.28B-11.5%

Enterprise value$4.13B-11.4%

P/E8.4×-5.4×

P/S2×-0.8×

Profitability

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Net margin23.5%+3.2pp

FCF margin-149.5%—

Returns & leverage

See full

Return on equity8.3%—

Debt / equity1.4×—

Where this comes from

Reported directly by PennyMac Financial Services, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CapitalizedComputerSoftwareImpairments1.

The official record: PennyMac Financial Services, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PennyMac Financial Services, Inc.'s capitalized software write-off?: PennyMac Financial Services, Inc. (PFSI) reported capitalized software write-off of $317K in Q1 2026.
What does capitalized software write-off mean?: Measures the write-down of capitalized software costs when the carrying amount of the asset exceeds its recoverable value. This metric indicates the obsolescence or underperformance of the company's internal technology investments.