UWM Holdings Corp (UWMC) Form 8-K — Nov 4, 2026
UWM Holdings reported Q3 2026 net income of $212.6 million on total revenue of $811.1 million, a sharp swing from a $451.9 million loss in Q2 2026 and $12.1 million of net income a year ago, boosted by a $470.3 million positive change in MSR fair value. The underlying origination engine softened: volume fell to $33.4 billion from $41.7 billion in Q3 2025 (refis down to $10.6 billion from $16.5 billion), and total gain margin compressed to 124 bps from 130 bps. Adjusted EBITDA of $178.3 million also trailed the prior year's $211.1 million.
Key figures
- Eps
- 0.09
- Revenue
- 811093000
- Net Income
- 212570000
- Revenue Yoy
- -3.8%
- Total Assets
- 18810561000
- Cash Position
- 420420000
- Net income q2 2026
- -$451.9M
- Available liquidity
- $1.35B
- Adjusted ebitda q3 2025
- $211.1M
- Adjusted ebitda q3 2026
- $178.3M
- Total gain margin q3 2025
- 130 bps
- Total gain margin q3 2026
- 124 bps
- Msr unpaid principal balance
- $269.8B
- Purchase originations q3 2026
- $22.8B
- Net non funding debt to equity
- 1.77
- Refinance originations q3 2026
- $10.6B
- Loan origination volume q3 2025
- $41.7B
- Loan origination volume q3 2026
- $33.4B
- Total redeemable preferred stock
- $1.5B
AI analysis
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