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MARKETS / NYSE / UWMC
NYSE · MORTGAGE BANKERS & LOAN CORRESPONDENTS · LARGE CAP

UWM Holdings Corp. UWMC

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.2B
▲ 18.2% YoY
$27.4M
▲ 90.1% YoY
$-2.7B
In brief

What this company does

It operates solely as a wholesale mortgage lender. It does not work directly with the borrower during the mortgage loan financing process. Its exclusive focus on the wholesale channel has resulted in relationships with over 13,000 independent broker businesses throughout the U.S., with over 57,000 associated loan officers, of which approximately 35,000 submitted a loan to it during 2025. As of December 31, 2025, it had approximately 9,100 team members. UWM was founded in 1986 and is headquartered in Pontiac, Michigan. After being privately owned for 35 years, on January 21, 2021, UWM completed its business combination with Gores Holdings IV, Inc. and changed its name to UWM Holdings Corporation.

Written from the business description in UWM Holdings Corp's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 3.2B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.2 · Net income 0.0
2B4B2019202020212022202320242025
Compound annual growth
+10.0%
−8.5%
−13.1%
+28.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −8.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.9% · Net 7.7%
20%40%60%2019202020212022202320242025
ROE
FY2021 · ROE 1968.9%
500%1000%1500%-100%-200%2019202020212022202320242025

Cash & shareholders
USD 78.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -2.7
4B8B-4B-8B2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 78.6 · Net buybacks —
40M80MDividendsNet buybacks2019202020212022202320242025

USD 78.6M in dividends — 287% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 16.9B
CashUSD 503.4M
Gross debtUSD 3.0B
Net debtUSD 2.5B

Not available: we don't have the shareholders' equity figure for this period.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B3.22.72.22.43.04.91.3
Operating income $B0.30.3−0.10.91.63.40.4
EBITDA $B0.30.4−0.01.01.6··
Income tax $B0.00.0−0.00.00.00.00.0
Net income $B0.00.0−0.00.00.13.40.4
Free cash flow $B−2.7−6.30.18.2−10.0−0.0−3.5
EPS, diluted $0.120.13−0.140.450.66−0.12·
Dividend / sh $·······
Payout %287276−2828931−0·
ROE %····1968.9−232.9·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 21 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 55 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMortgage Bankers & Loan Correspondents
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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