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Financials · UWMC

UWM Holdings Corporation (UWMC) financials

For the twelve months ended Sep 30, 2026, UWM Holdings Corporation reported $3.55B of revenue and -$206.59M of net income.

Revenue, TTM
$3.55B
Revenue growth, YoY
+20.8%
Net income, TTM
-$206.59M
Net margin
-5.8%
Free cash flow, TTM
-$1.82B
Cash
$420.42M
Total debt
$2.99B
P/S
0.67
Market cap
$2.37B
Annual revenue$3.16B
FY2019FY2025
Annual net income$27.38M
FY2019FY2025
Annual free cash flow-$2.72B
FY2019FY2025

UWMC revenue and earnings growth

UWMC revenueQ3 2026$811.09M

Quarter YoY
-3.8%
QoQ
-8.7%
FY YoY
+18.2%
5Y CAGR
-8.5%

UWMC revenue was $811.09M in fiscal Q3 2026 (ended Sep 30, 2026), down 3.8% from a year earlier and down 8.7% from the prior quarter. For the full fiscal 2025 it was $3.16B, up 18.2% from fiscal 2024. Compound annual growth was -8.5% over 5 years. It rose in 3 of the last 6 fiscal years.

UWMC net incomeQ3 2026$55.52M

FY YoY
+90.1%
5Y CAGR
-61.8%

UWMC net income was $55.52M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.26M a year earlier. For the full fiscal 2025 it was $27.38M, up 90.1% from fiscal 2024. Compound annual growth was -61.8% over 5 years.

UWMC EPSQ3 2026$0.09

UWMC diluted EPS was $0.09 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was $0.12.

UWMC free cash flowQ3 2026$14.17M

QoQ
-95.8%

UWMC free cash flow was $14.17M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$3.09B a year earlier and down 95.8% from the prior quarter. For the full fiscal 2025 it was -$2.72B, compared with -$6.28B in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$3.16B$2.67B$2.17B$2.37B$2.97B$4.94B$1.28B
Operating income------$6.83M-
Interest expense--$320.26M$305.99M$304.66M$167.04M$164.13M
Pre-tax income$250.90M$335.96M-$76.29M$934.67M$1.58B$3.38B$415.06M
Income tax$6.87M$6.58M-$6.51M$2.81M$9.84M$2.45M$0
Net income$27.38M$14.40M-$13.23M$41.72M$98.44M$3.38B$415.06M
EPS, basic$0.13$0.13-$0.14$0.45$0.98-$0.12-
EPS, diluted$0.12$0.13-$0.14$0.45$0.66-$0.12-
Diluted shares1.60B111.4M93.2M92.5M1.60B--

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$503.36M$507.34M$497.47M$704.90M$731.09M$1.22B$1.1K
Current assets-----$234.5K$412.5K
Total assets$16.93B$15.67B$11.87B$13.60B$22.53B$11.49B$412.5K
Current liabilities-----$5.20M$426.5K
Total debt$2.98B$2.79B$1.99B$2.00B$2.00B$800.00M-
Total liabilities$15.34B$13.62B$9.40B$10.43B$19.36B$9.12B$426.5K
Shareholders' equity$1.59B$2.05B$2.47B$3.17B$3.17B$2.37B$661.32M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$2.65B-$6.24B$165.24M$8.27B-$9.96B$56.41M-$3.50B
Capital expenditures$74.05M$39.45M$26.43M$26.61M$65.38M$57.29M$16.77M
Free cash flow-$2.72B-$6.28B$138.81M$8.24B-$10.02B-$876.0K-$3.51B
Investing cash flow$2.26B$2.68B$1.83B$1.29B$199.75M$231.88M$577.38M
Financing cash flow$384.02M$3.58B-$2.20B-$9.58B$9.26B$802.26M$3.01B
Dividends paid$78.60M$39.73M$37.24M$36.94M$30.63M$0$0
Share repurchases--$0$0$81.63M$0$0
Stock-based compensation$50.36M$24.58M$13.83M$7.54M$6.47M$0$0
Depreciation and amortization$55.51M$48.78M$50.06M$49.40M$38.02M$16.82M$9.40M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY18.2%23.5%-8.7%-20.1%-39.9%286.3%-
Net income growth, YoY90.1%---57.6%-97.1%715.0%-
Operating margin------0.1%-
Net margin0.9%0.5%-0.6%1.8%3.3%68.5%32.5%
Free cash flow margin-86.1%-234.9%6.4%347.4%-337.4%-0.0%-274.8%
Return on equity1.7%0.7%-0.5%1.3%3.1%142.5%62.8%
Return on assets0.2%0.1%-0.1%0.3%0.4%29.4%100621.3%
Current ratio-----0.050.97
Debt to equity1.871.360.800.630.630.34-

Source: XBRL data UWM Holdings Corporation files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

UWMC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
UWMC$3.55B+20.8%-$206.59M-5.8%$2.37B
RKT$11.46B+90.4%$1.30B11.4%$43.11B
LDI$1.24B+9.2%-$84.23M-6.8%$180.0M
FOA$198.19M-47.1%-$37.98M-19.2%$218.8M
BETR$196.63M+39.9%-$177.37M-90.2%$382.8M

UWMC FAQ

7 questions
  • What is UWMC revenue?
    UWM Holdings Corporation (UWMC) reported $3.55B of revenue for the twelve months ended Sep 30, 2026. That is up 20.8% from the year before. Revenue for fiscal 2025 was $3.16B.
  • Is UWMC profitable?
    No. UWM Holdings Corporation reported a net loss of $206.59M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does UWMC have?
    UWM Holdings Corporation reported $420.42M in cash and cash equivalents and $2.99B of debt on its most recent balance sheet in SEC filings.
  • How fast is UWMC revenue growing?
    UWM Holdings Corporation's revenue changed +18.2% in fiscal 2025, to $3.16B. Its compound annual growth rate was -8.5% over 5 years.
  • What is UWMC free cash flow?
    UWM Holdings Corporation generated -$1.82B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$1.76B less capital expenditures.
  • When did UWMC last report financial results?
    The latest statements here come from UWM Holdings Corporation's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this UWMC financial data come from?
    Quantisnow builds these statements from the structured XBRL data UWM Holdings Corporation files with the SEC. It is provided for information only and is not investment advice.