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UWM (UWMC) Financials

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$3.43 -0.11 (-3.14%)
Closing price 03:59 PM Eastern
Extended Trading
$3.45 +0.02 (+0.61%)
As of 06:35 PM Eastern
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Annual Income Statements for UWM

Annual Income Statements for UWM

This table shows UWM's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
415 0.00 98 42 -13 14 27
Consolidated Net Income / (Loss)
415 3,383 1,568 932 -70 329 244
Net Income / (Loss) Continuing Operations
415 3,383 1,568 932 -70 329 244
Total Pre-Tax Income
415 3,385 1,578 935 -76 336 251
Total Revenue
1,278 4,772 2,666 2,373 1,311 2,379 2,105
Net Interest Income / (Expense)
0.00 -5.88 27 314 346 509 538
Total Interest Income
0.00 161 332 314 346 509 538
Loans and Leases Interest Income
- 161 332 314 346 509 538
Total Interest Expense
0.00 167 305 0.00 0.00 0.00 0.00
Total Non-Interest Income
1,278 4,777 2,639 2,058 965 1,871 1,567
Other Service Charges
257 288 639 792 819 637 725
Net Realized & Unrealized Capital Gains on Investments
1,021 4,489 2,588 982 1,001 1,529 1,898
Other Non-Interest Income
0.00 0.00 -588 284 -854 -295 -1,055
Total Non-Interest Expense
863 1,387 1,087 1,438 1,388 2,043 1,854
Salaries and Employee Benefits
372 552 698 553 530 689 851
Net Occupancy & Equipment Expense
- 0.00 -23 24 -0.01 -5.55 -4.39
Marketing Expense
23 20 62 74 85 97 106
Other Operating Expenses
321 224 315 742 727 1,002 1,149
Depreciation Expense
9.41 17 35 45 46 45 50
Other Special Charges
- - - - 0.00 215 -298
Income Tax Expense
0.00 2.45 9.84 2.81 -6.51 6.58 6.87
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 0.00 1,470 890 -57 315 217
Basic Earnings per Share
$0.00 $0.00 $0.98 $0.45 ($0.14) $0.13 $0.13
Weighted Average Basic Shares Outstanding
0.00 0.00 100.88M 92.48M 93.25M 111.37M 211.41M
Diluted Earnings per Share
$0.00 $0.00 $0.66 $0.45 ($0.14) $0.13 $0.12
Weighted Average Diluted Shares Outstanding
0.00 0.00 1.60B 92.48M 93.25M 111.37M 1.60B
Weighted Average Basic & Diluted Shares Outstanding
- 103.10M 1.59B 1.60B 1.60B 1.60B 1.60B

Quarterly Income Statements for UWM

This table shows UWM's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
7.56 18 -27 8.73 3.05 -6.30 8.92 -14 23 -1.26 19
Consolidated Net Income / (Loss)
229 301 -461 181 76 32 41 -247 314 12 164
Net Income / (Loss) Continuing Operations
229 301 -461 181 76 32 41 -247 314 12 164
Total Pre-Tax Income
230 302 -468 184 77 32 42 -261 329 13 170
Total Revenue
505 677 31 570 480 299 768 225 647 535 698
Net Interest Income / (Expense)
6.46 95 234 102 121 145 347 118 132 132 155
Total Interest Income
89 95 88 102 121 145 140 118 132 132 155
Loans and Leases Interest Income
89 95 88 102 121 145 140 118 132 132 155
Total Non-Interest Income
499 582 -202 468 359 154 420 107 515 403 542
Other Service Charges
193 200 206 185 144 135 173 191 179 169 186
Net Realized & Unrealized Capital Gains on Investments
305 289 201 299 357 466 80 305 448 542 603
Other Non-Interest Income
- 93 - -16 -142 -446 - -389 -111 -308 -248
Total Non-Interest Expense
275 375 500 386 403 267 725 486 318 523 528
Salaries and Employee Benefits
131 135 143 154 160 181 193 193 211 223 224
Net Occupancy & Equipment Expense
2.70 -0.08 -2.39 -0.24 -1.11 0.42 -4.63 -2.85 1.85 -0.82 -2.57
Marketing Expense
22 20 26 19 24 22 31 22 26 23 34
Other Operating Expenses
108 208 322 201 235 278 495 262 275 292 320
Depreciation Expense
11 12 11 11 11 12 11 11 12 13 14
Income Tax Expense
1.21 0.73 -7.45 3.73 0.79 0.34 1.72 -14 15 0.58 5.14
Net Income / (Loss) Attributable to Noncontrolling Interest
221 283 -434 172 73 38 32 -233 292 13 145
Basic Earnings per Share
$0.08 $0.20 ($0.29) $0.09 $0.03 ($0.06) $0.07 ($0.08) $0.11 ($0.01) $0.11
Weighted Average Basic Shares Outstanding
93.11M 93.29M 93.25M 94.37M 95.39M 99.80M 111.37M 164.10M 202.13M 221.35M 211.41M
Diluted Earnings per Share
$0.08 $0.15 ($0.24) $0.09 $0.03 ($0.06) $0.07 ($0.12) $0.11 ($0.01) $0.14
Weighted Average Diluted Shares Outstanding
93.11M 1.60B 93.25M 1.60B 95.39M 99.80M 111.37M 1.60B 202.13M 221.35M 1.60B
Weighted Average Basic & Diluted Shares Outstanding
1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B

Annual Cash Flow Statements for UWM

This table details how cash moves in and out of UWM's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
91 1,091 -493 -26 -207 9.87 -3.98
Net Cash From Operating Activities
-3,496 56 -9,957 8,268 165 -6,241 -2,648
Net Cash From Continuing Operating Activities
-3,496 56 -9,957 8,268 165 -6,241 -2,648
Net Income / (Loss) Continuing Operations
415 3,383 1,568 932 -70 329 244
Consolidated Net Income / (Loss)
415 3,383 1,568 932 -70 329 244
Depreciation Expense
9.41 17 38 49 50 49 56
Non-Cash Adjustments to Reconcile Net Income
-1,065 -1,841 -1,948 -2,470 -1,350 -2,618 -2,514
Changes in Operating Assets and Liabilities, net
-2,975 -2,056 -9,616 9,757 1,535 -4,002 -433
Net Cash From Investing Activities
577 232 200 1,290 1,830 2,676 2,260
Net Cash From Continuing Investing Activities
577 232 200 1,290 1,830 2,676 2,260
Purchase of Property, Leasehold Improvements and Equipment
-17 -57 -65 -27 -26 -39 -74
Purchase of Investment Securities
- - - - 0.00 0.00 -100
Sale and/or Maturity of Investments
594 289 265 1,317 1,856 2,716 2,434
Net Cash From Financing Activities
3,010 802 9,264 -9,585 -2,203 3,575 384
Net Cash From Continuing Financing Activities
3,010 802 9,264 -9,585 -2,203 3,575 384
Issuance of Debt
3,665 2,966 1,400 -8,160 1,166 6,640 4,400
Repayment of Debt
-582 -490 8,562 -637 -2,729 -2,304 -3,291
Payment of Dividends
-73 -1,970 -1,499 -788 -638 -754 -717
Other Financing Activities, Net
0.00 295 884 0.00 -1.31 -7.87 -8.76
Cash Interest Paid
158 162 287 242 341 477 496
Cash Income Taxes Paid
0.00 0.00 1.78 0.00 -0.06 2.98 0.91

Quarterly Cash Flow Statements for UWM

This table details how cash moves in and out of UWM's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents
-105 95 -232 108 75 -44 -129 -22 4.96 381 -367
Net Cash From Operating Activities
-1,844 346 -329 -2,203 -1,317 -2,178 -543 594 -266 -3,079 104
Net Cash From Continuing Operating Activities
-1,844 346 -329 -2,203 -1,317 -2,178 -543 594 -266 -3,079 104
Net Income / (Loss) Continuing Operations
229 301 -461 181 76 32 41 -247 314 12 164
Consolidated Net Income / (Loss)
229 301 -461 181 76 32 41 -247 314 12 164
Depreciation Expense
12 13 12 12 12 13 12 13 14 14 15
Non-Cash Adjustments to Reconcile Net Income
-633 -711 180 -504 -514 -293 -1,252 -331 -770 -503 -910
Changes in Operating Assets and Liabilities, net
-1,453 743 -61 -1,891 -892 -1,930 656 1,159 176 -2,603 835
Net Cash From Investing Activities
426 582 178 1,288 1,056 237 95 928 628 543 160
Net Cash From Continuing Investing Activities
426 582 178 1,288 1,056 237 95 928 628 543 160
Purchase of Property, Leasehold Improvements and Equipment
-5.34 -6.33 -6.82 -6.97 -12 -12 -8.29 -18 -24 -10 -22
Sale and/or Maturity of Investments
432 588 184 1,294 1,068 250 103 946 652 653 182
Net Cash From Financing Activities
1,312 -832 -81 1,023 335 1,897 319 -1,545 -357 2,917 -631
Net Cash From Continuing Financing Activities
1,312 -832 -81 1,023 335 1,897 319 -1,545 -357 2,917 -631
Issuance of Debt
2,506 -1,352 1,696 194 -1,588 394 2,066 314 787 2,723 577
Repayment of Debt
-1,034 679 -1,617 1,034 2,132 1,686 -1,579 -1,691 -933 381 -1,048
Payment of Dividends
-160 -160 -160 -204 -208 -182 -160 -167 -211 -178 -160
Other Financing Activities, Net
- - -0.01 -0.90 - - -6.97 -0.34 -0.02 -8.32 -0.09
Cash Interest Paid
51 119 108 69 131 100 177 85 149 122 140
Cash Income Taxes Paid
- - 0.07 0.36 0.50 2.10 0.02 0.06 0.10 0.46 0.29

Annual Balance Sheets for UWM

This table presents UWM's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
0.41 11,493 22,528 13,601 11,872 15,671 16,929
Cash and Due from Banks
0.00 1,224 731 705 497 507 503
Trading Account Securities
- 7,978 17,130 7,331 5,593 9,720 10,071
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
- 108 152 152 146 146 180
Other Assets
0.00 2,184 4,516 5,412 5,635 5,298 6,174
Total Liabilities & Shareholders' Equity
0.41 11,493 22,528 13,601 11,872 15,671 16,929
Total Liabilities
0.43 9,119 19,357 10,429 9,397 13,617 15,335
Short-Term Debt
0.15 320 0.00 750 750 500 1,200
Long-Term Debt
- 7,757 18,617 8,875 7,841 12,215 13,115
Other Long-Term Liabilities
0.00 1,042 740 804 806 902 1,020
Total Equity & Noncontrolling Interests
-0.01 2,374 3,171 3,172 2,475 2,054 1,594
Total Preferred & Common Equity
-0.01 2,374 142 144 113 162 200
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
-0.01 2,374 142 144 113 162 200
Common Stock
0.03 25 0.60 1.06 1.86 3.68 10
Retained Earnings
-0.04 2,349 142 143 111 158 189
Noncontrolling Interest
- 0.00 3,029 3,028 2,362 1,892 1,394

Quarterly Balance Sheets for UWM

This table presents UWM's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets
11,890 10,948 12,426 12,204 12,797 12,922 15,120 14,048 13,887 17,022
Cash and Due from Banks
800 740 635 730 606 680 636 485 490 871
Trading Account Securities
5,842 4,976 6,443 5,757 7,481 8,397 10,318 8,549 8,201 10,977
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
152 152 150 147 145 147 148 154 166 165
Other Assets
5,097 5,080 5,199 5,571 4,566 3,698 4,018 4,860 5,029 5,009
Total Liabilities & Shareholders' Equity
11,890 10,948 12,426 12,204 12,797 12,922 15,120 14,048 13,887 17,022
Total Liabilities
8,498 8,073 9,479 9,112 10,340 10,593 12,939 12,413 12,139 15,435
Short-Term Debt
- 500 500 500 200 0.00 300 250 425 0.00
Long-Term Debt
6,811 6,787 8,229 7,769 9,343 9,791 11,684 11,199 10,694 14,401
Other Long-Term Liabilities
1,687 786 750 843 798 802 955 964 1,020 1,035
Total Equity & Noncontrolling Interests
3,392 2,875 2,947 3,092 2,457 2,329 2,181 1,635 1,748 1,587
Total Preferred & Common Equity
142 123 122 132 114 113 119 165 176 178
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
142 123 122 132 114 113 119 165 176 178
Common Stock
0.94 1.20 1.43 1.64 2.24 2.47 2.80 4.46 5.85 7.74
Retained Earnings
141 122 120 130 112 111 117 160 170 170
Noncontrolling Interest
3,250 2,751 2,825 2,960 2,343 2,216 2,061 1,470 1,572 1,409

Annual Metrics And Ratios for UWM

This table displays calculated financial ratios and metrics derived from UWM's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics
- - - - - - -
Profitability Metrics
- - - - - - -
Valuation Ratios
- - - - - - -
Leverage & Solvency
- - - - - - -
Liquidity Ratios
- - - - - - -
Cash Flow Metrics
- - - - - - -
Efficiency Ratios
- - - - - - -
Capital & Investment Metrics
- - - - - - -
Earnings Adjustments
- - - - - - -
Adjusted Basic Earnings per Share
$0.00 ($0.12) $0.98 $0.45 ($0.14) $0.13 $0.13
Adjusted Weighted Average Basic Shares Outstanding
0.00 103.10M 100.88M 92.48M 93.25M 111.37M 211.41M
Adjusted Diluted Earnings per Share
$0.00 ($0.12) $0.66 $0.45 ($0.14) $0.13 $0.12
Adjusted Weighted Average Diluted Shares Outstanding
0.00 103.10M 1.60B 92.48M 93.25M 111.37M 1.60B
Adjusted Basic & Diluted Earnings per Share
$0.00 ($0.12) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 103.10M 1.59B 1.60B 1.60B 1.60B 1.60B
Debt Service Ratios
- - - - - - -
Payout Ratios
- - - - - - -

Quarterly Metrics And Ratios for UWM

This table displays calculated financial ratios and metrics derived from UWM's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Efficiency Ratios
- - - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - - -
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.08 $0.20 ($0.29) $0.09 $0.03 ($0.06) $0.07 ($0.08) $0.11 ($0.01) $0.11
Adjusted Weighted Average Basic Shares Outstanding
93.11M 93.29M 93.25M 94.37M 95.39M 99.80M 111.37M 164.10M 202.13M 221.35M 211.41M
Adjusted Diluted Earnings per Share
$0.08 $0.15 ($0.24) $0.09 $0.03 ($0.06) $0.07 ($0.12) $0.11 ($0.01) $0.14
Adjusted Weighted Average Diluted Shares Outstanding
93.11M 1.60B 93.25M 1.60B 95.39M 99.80M 111.37M 1.60B 202.13M 221.35M 1.60B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B 1.60B
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

UWM Holdings Corp (UWMC) has shown notable volatility in its quarterly results over the last four years, with earnings swings tied to non-interest income as well as core lending activity. Below is a concise, bulleted trend view based on the provided quarterly income statements, cash flow statements, and balance sheets (2022–2025 data window).

  • Strong near-term profitability: Q4 2025 net income / Consolidated net income reached 164,484,000 with diluted EPS of 0.14 and basic EPS of 0.11, signaling a sharp improvement from earlier 2025 quarters.
  • Another solid quarter: Q2 2025 produced net income of 314,479,000 (diluted EPS 0.11), marking a standout quarterly profit within the four-year window.
  • Operating cash flow improved in late 2025: Q4 2025 shows net cash from continuing operating activities of 103,757,000, turning positive after prior 2025 quarters with negative operating cash flow.
  • Balance sheet expansion: Total assets rose to about 17.022 billion by Q3 2025, up from roughly 12.71 billion at the 2024 and 2023 period baselines, indicating substantial asset growth and financing activity.
  • Maintained scale of revenue: Total revenue in Q4 2025 reached 697.63 million, illustrating substantial quarterly scale; Q2 2025 also posted 647.28 million, underscoring continued revenue heft despite volatility in other components.
  • Non-interest income volatility: Non-interest income has shown large, non-recurring gains (e.g., Net Realized & Unrealized Capital Gains on Investments in Q4 2025 of 603,364,000), contributing meaningfully to earnings in some quarters but creating earnings volatility and less predictability.
  • Leverage remains high: Total liabilities around 15.4 billion in Q4 2025 vs total equity and noncontrolling interests near 1.6 billion indicate a high leverage profile, which raises risk if earnings deteriorate.
  • Financing activity drives cash flow swings: Issuance and repayment of debt across quarters (e.g., debt issuance in several periods) create large swings in net cash from financing activities and overall cash balance.
  • 2025 earnings volatility with losses in early quarters: Q1 2025 showed a net loss of 247,028,000, highlighting the quarterly earnings volatility that persisted into 2025.
  • Operating cash flow still volatile in 2025: Q3 2025 recorded negative net cash from continuing operating activities (approximately -3,079,336,000), indicating cash-generation challenges earlier in the year before the late-2025 rebound.
  • Persistent leverage vs equity: The combination of large liabilities (around 15.4B in Q4 2025) with relatively modest equity (~1.6B in the same quarter) points to balance-sheet risk that may pressure margins if credit conditions tighten.
  • Market/portfolio-driven income risks: Heavy reliance on capital gains and other non-core income sources in several quarters (e.g., substantial negative or volatile non-interest income in some periods) suggests earnings can swing with market conditions rather than core lending results.
05/05/26 06:40 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About UWM's Financials

When does UWM's financial year end?

According to the most recent income statement we have on file, UWM's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has UWM's net income changed over the last 6 years?

UWM's net income appears to be on a downward trend, with a most recent value of $244.02 million in 2025, falling from $415.06 million in 2019. The previous period was $329.38 million in 2024. Find out what analysts predict for UWM in the coming months.

How has UWM's revenue changed over the last 6 years?

Over the last 6 years, UWM's total revenue changed from $1.28 billion in 2019 to $2.11 billion in 2025, a change of 64.7%.

How much debt does UWM have?

UWM's total liabilities were at $15.34 billion at the end of 2025, a 12.6% increase from 2024, and a 3,595,489.9% increase since 2019.

How much cash does UWM have?

In the past 6 years, UWM's cash and equivalents has ranged from $1.12 thousand in 2019 to $1.22 billion in 2020, and is currently $503.36 million as of their latest financial filing in 2025.



Financial statements for NYSE:UWMC last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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