UWM Holdings Corp (UWMC)
UWM Holdings Corporation is a U.S.-based enterprise specializing in the provision of residential mortgage financing. The company originates home loans predominantly through a wholesale distribution model, with its offerings primarily consisting of conforming and government-backed mortgages. Established in 1986, its corporate headquarters are situated in Pontiac, Michigan.
Sector: Mortgage Bankers & Loan Correspondents
Industry: Financial - Mortgages
UWM Holdings Corporation
NYSE:UWMCFinancial Services · Financial - Mortgages
AHAfter hours+1.18%$1.71
Prev close$1.59+6.29%Close$1.69+1.18%Now$1.71
Close$1.69+6.29%
Mkt Cap$2.72B
Float337.21M
O/S345.1M
VOL20.48M sh
$ Vol$36.37M
RVOL1.46×
Inst Own79.7%
SI25.5%
Div Yield17.75%
Dilution
Financials Summary
Revenue$3.16B
Net Income$27.38M
Total Assets$16.93B
Free Cash Flow-$2.72B
Debt & Equity
Debt 99%
Equity 1%
Total Debt$14.44B
Total Equity$199.52M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in UWMC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$16.93B
Liabilities$15.34B
Accounts Receivable$1.66B
Accounts Payable$0
Inventory$0
PP&E (Net)$295.76M
Goodwill$0
Intangible Assets$4.07B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $3.16B | $1.91B | $1.11B | $2.15B | $2.83B | $4.85B | $1.23B | $502.17M | $455.62M |
| YoY Growth | 65.8% | 71.1% | -48.1% | -24.2% | -41.6% | 293.6% | 145.4% | 10.2% | - |
| Cost of Revenue | $454.53M | $534.2M | $358.93M | $336.4M | $349.96M | $203.55M | $183.28M | $0 | $0 |
| Gross Profit | $2.71B | $1.37B | $755.02M | $1.81B | $2.48B | $4.65B | $1.05B | $502.17M | $455.62M |
| Gross Margin | 85.6% | 72.0% | 67.8% | 84.3% | 87.7% | 95.8% | 85.1% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $370.25M | $995.78M | $785.17M | $806.6M | $893.49M | $671.37M | $486.68M | $328.66M | $257.47M |
| Other | $503.04M | $39.93M | $46.14M | $68.97M | $11.99M | $589.94M | $147.18M | $0 | $0 |
| Total Operating Expenses | $873.29M | $1.04B | $831.31M | $875.58M | $905.48M | $1.26B | $633.86M | $325.21M | $287.51M |
| Operating Income (EBIT) | $1.83B | $335.96M | -$76.29M | $934.67M | $1.58B | $3.38B | $415.06M | $85.83M | $128.41M |
| Operating Margin | 58.0% | 17.6% | -6.8% | 43.5% | 55.7% | 69.8% | 33.7% | 17.1% | 28.2% |
| Interest Expense | $530.79M | $490.76M | $320.26M | $305.99M | $304.66M | $167.04M | $164.13M | $0 | $0 |
| Interest Income | $537.69M | $508.62M | $346.23M | $314.46M | $331.77M | $161.16M | $155.13M | $85.59M | $53.14M |
| Other Income (Expense) | -$1.58B | $0 | $0 | $0 | $0 | $0 | $0 | -$82.14M | -$83.18M |
| Income Before Tax (EBT) | $250.9M | $335.96M | -$76.29M | $934.67M | $1.58B | $3.38B | $415.06M | $91.37M | $114.96M |
| Income Tax Expense | $6.87M | $6.58M | -$6.51M | $2.81M | $9.84M | $2.45M | $0 | $57K | $363K |
| Net Income | $27.38M | $14.4M | -$13.23M | $41.72M | $98.44M | $3.38B | $415.06M | $91.32M | $114.6M |
| Net Income Margin | 0.9% | 0.8% | -1.2% | 1.9% | 3.5% | 69.7% | 33.7% | 18.2% | 25.2% |
| Supplementary Data | |||||||||
| EPS | 0.13 | 0.13 | -0.14 | 0.45 | 0.98 | 32.81 | 4.03 | 0.89 | 1.11 |
| Diluted EPS | 0.12 | 0.13 | -0.14 | 0.45 | 0.66 | 32.81 | 4.03 | 0.89 | 1.11 |
| Weighted Average OS | 211.41M | 111.37M | 93.25M | 92.48M | 100.88M | 103.10M | 103.10M | 103.10M | 103.10M |
| EBITDA | $837.2M | $384.73M | -$26.23M | $984.07M | $1.62B | $3.96B | $544.2M | $136.52M | $168.77M |
| EBITDA Margin | 26.5% | 20.2% | -2.4% | 45.8% | 57.0% | 81.6% | 44.2% | 27.2% | 37.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $503.36M | $507.34M | $497.47M | $704.9M | $731.09M | $1.22B | $133.28M | $42.11M | $68.68M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $503.36M | $507.34M | $497.47M | $704.9M | $731.09M | $1.22B | $133.28M | $42.11M | $68.68M |
| Accounts Receivable | $1.66B | $417.95M | $512.07M | $383.15M | $415.69M | $253.6M | $22.86M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $5.61B | $2.61B | $1.89B |
| Total Current Assets | $2.16B | $925.29M | $1.19B | $1.25B | $1.2B | $1.53B | $5.77B | $2.65B | $1.96B |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $295.76M | $263.12M | $274.65M | $298.88M | $313.54M | $223.6M | $140.85M | $48.58M | $763K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.07B | $3.97B | $4.03B | $4.45B | $3.31B | $1.76B | $731.35M | $368.12M | $207.52M |
| Long-Term Investments | $10.07B | $9.72B | $5.59B | $7.33B | $17.13B | $7.98B | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $324.91M | $793.3M | $791.25M | $266.43M | $569.08M | $2.93M | $14.14M | $10.5M | $7.09M |
| Total Long-Term Assets | $14.77B | $14.75B | $10.69B | $12.35B | $21.33B | $9.96B | $886.34M | $427.2M | $215.38M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $16.93B | $15.67B | $11.87B | $13.6B | $22.53B | $11.49B | $6.65B | $3.08B | $2.17B |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $0 | $174.82M | $167.59M | $138.73M | $523.99M | $847.75M | $250M | $186.1M | $118.64M |
| Short-Term Debt | $3.21B | $9.84B | $6.51B | $7.54B | $16.52B | $7.26B | $131M | $2.11B | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $55.41M | $61.95M | $41.6M |
| Total Current Liabilities | $3.21B | $10.14B | $6.77B | $7.76B | $17.04B | $8.11B | $447.95M | $2.36B | $160.24M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $11.12B | $2.88B | $2.08B | $2.09B | $2.1B | $815.85M | $5.46B | $399.9M | $1.78B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $82.73M | $45.83M | $53.4M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $895.66M | $391.24M | $361.09M | $377.11M | $45.91M | $66.24M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $12.12B | $3.48B | $2.63B | $2.67B | $2.32B | $1.01B | $5.54B | $399.9M | $1.78B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $15.34B | $13.62B | $9.4B | $10.43B | $19.36B | $9.12B | $5.99B | $2.76B | $1.94B |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $160K | $160K | $160K | $159K | $159K | $0 | $0 | $0 | $0 |
| Retained Earnings | $189.45M | $157.84M | $110.69M | $142.5M | $141.81M | $2.35B | $636.48M | $294.21M | $208.27M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | $0 |
| Other Stockholders' Equity | $9.91M | $3.52M | $1.7M | $903K | $437K | $24.84M | $24.84M | $24.84M | $24.84M |
| Total Equity | $199.52M | $161.52M | $112.55M | $143.56M | $142.4M | $2.37B | $661.32M | $319.05M | $233.11M |
| Minority Interest | $1.39B | $1.89B | $2.36B | $3.03B | $3.03B | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $15.53B | $13.78B | $9.51B | $10.57B | $19.5B | $11.49B | $6.65B | $3.08B | $2.17B |
| Supplementary Data | |||||||||
| Total Debt | $14.44B | $12.84B | $8.73B | $9.78B | $18.79B | $8.21B | $5.69B | $2.51B | $1.78B |
| Net Debt | $13.94B | $12.33B | $8.23B | $9.08B | $18.06B | $6.98B | $5.55B | $2.47B | $1.71B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | $27.38M | $329.38M | -$13.23M | $931.86M | $931.86M | $3.38B | $415.06M | $91.32M | $114.6M |
| Depreciation & Amortization | $55.51M | $48.78M | $50.06M | $49.4M | $38.02M | $570.71M | $129.14M | $50.69M | $40.37M |
| Deferred Income Tax | $0 | $0 | $0 | $20.54M | $0 | -$191.63M | $0 | $0 | $0 |
| Stock-Based Compensation | $50.36M | $24.58M | $13.83M | $7.54M | $6.47M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$35.3M | -$13.36M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$433.2M | -$4.05B | $1.54B | $9.7B | $9.7B | $4.01M | -$135K | -$671.73M | -$650.6M |
| Total Working Capital Change | -$433.2M | -$4.05B | $1.54B | $9.7B | $9.7B | $4.01M | -$135K | -$707.03M | -$663.96M |
| Other Non-Cash Items | -$2.35B | -$2.6B | -$1.42B | -$2.44B | -$20.63B | -$3.71B | -$4.04B | -$361.15M | -$245.65M |
| Net Cash from Operating | -$2.65B | -$6.24B | $165.24M | $8.27B | -$9.96B | $56.41M | -$3.5B | -$926.17M | -$754.64M |
| Investing Activities | |||||||||
| Capital Expenditures | -$74.05M | -$39.45M | -$26.43M | -$26.61M | -$26.61M | -$65.38M | -$57.29M | -$53.27M | -$164K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $331K | $0 | $0 | $0 |
| Purchases of Investments | -$100M | -$4.29M | $0 | $0 | $0 | -$331K | $0 | $0 | $0 |
| Sales of Investments | $7.29M | $7.89M | $7.44M | $10.99M | $10.99M | $1.11M | $0 | $0 | $0 |
| Other Investing Activities | $2.43B | $2.71B | $1.85B | $1.31B | $215.38M | $296.16M | $634.66M | $224.01M | $203.25M |
| Net Cash from Investing | $2.26B | $2.68B | $1.83B | $1.29B | $199.75M | $231.88M | $577.38M | $170.74M | $203.09M |
| Financing Activities | |||||||||
| Debt Repaid | -$1.1B | -$4.34B | $1.56B | $8.78B | -$1.28B | -$791.48M | -$3.08B | -$734.24M | -$651.55M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $435.5M | $25K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$81.63M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$716.6M | -$39.73M | -$37.24M | -$787.97M | -$1.5B | -$1.97B | -$72.78M | -$5.37M | -$89.44M |
| Other Financing Activities | -$365K | -$721.89M | -$602.14M | $0 | $871.72M | -$151.28M | -$25K | $0 | $0 |
| Net Cash from Financing | $384.02M | $3.58B | -$2.2B | -$9.58B | $9.26B | $802.26M | $3.01B | $728.87M | $562.11M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $58.12M |
| Net Change in Cash | -$3.98M | $9.87M | -$207.43M | -$26.19M | -$492.75M | $1.09B | $91.17M | -$26.57M | $68.68M |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$2.65B | -$6.24B | $165.24M | $8.27B | -$9.96B | $56.41M | -$3.5B | -$926.17M | -$754.64M |
| Capital Expenditure | -$74.05M | -$39.45M | -$26.43M | -$26.61M | -$65.38M | -$57.29M | -$16.77M | -$53.27M | -$164K |
| Free Cash Flow | -$2.72B | -$6.28B | $138.81M | $8.24B | -$10.02B | -$876K | -$3.51B | -$979.45M | -$754.8M |
| Cash at Beginning | $507.34M | $497.47M | $704.9M | $731.09M | $1.22B | $133.28M | $42.11M | $68.68M | $0 |
| Cash at End | $503.36M | $507.34M | $497.47M | $704.9M | $731.09M | $1.22B | $133.28M | $42.11M | $68.68M |