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.
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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |