UWM Holdings Announces Preliminary Third Quarter 2026 Results and Updated Financial Disclosure
UWM Holdings pre-announced preliminary Q3 2026 results: $33.4B of origination volume, revenue of $800-825M, and net income of $205-220M with Adjusted EBITDA of $170-190M. The release was issued ahead of the measurement period for its previously announced $400M rights offering so investors have updated financials before pricing; the company also plans to sell $70-80B of MSRs in Q4 for over $1.8B to pay down non-funding debt.
Key figures
- Revenue
- $800 to $825 million
- Guidance
- FY2026 total revenue approximately $3.35B-$3.50B, lower than expected earlier in 2026 due to lower industry origination volume
- Msr upb
- approximately $270 billion
- Net income
- $205 to $220 million
- Q4 msr sale
- $70 to $80 billion
- Adjusted ebitda
- $170 to $190 million
- Fy market share
- approximately 8% of U.S. residential mortgage production
- Gain margin bps
- approximately 124 basis points
- Msr sale proceeds
- in excess of $1.8 billion
- Purchase originations
- $22.8 billion
- Q3 origination volume
- $33.4 billion
- Refinance originations
- $10.6 billion
- Fy msr portfolio target
- $210 billion to $230 billion UPB
- Total preferred common equity
- approximately $2.8 billion
- Net non funding debt to equity
- 1.75x to 1.80x
- Rights offering gross proceeds
- $400 million
AI analysis
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