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NYSE · Financials

UWM Holdings Corp (UWMC)

As-reported financials and SEC filings for UWM Holdings Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About UWM Holdings Corp

UWM Holdings Corp operates through its subsidiary United Wholesale Mortgage, LLC, which is the largest residential mortgage lender in the U.S. by closed loan volume, focusing exclusively on wholesale mortgage lending. The company originates primarily conforming and government-backed loans across all 50 states and the District of Columbia, working with over 13,000 independent mortgage broker businesses and more than 57,000 loan officers. UWM uses proprietary technology to streamline the loan origination, underwriting, and closing processes, serving independent mortgage brokers rather than individual borrowers directly.

Snapshot

Revenue
$3.16B
Revenue growth (YoY)
18.2%
Net income
$27.4M
Diluted EPS
$0.12
Gross margin
Operating margin
Net margin
0.9%
FCF margin
-86.1%
ROE
1.7%
net income / fiscal-year-end equity
P/E
11.4×
trailing when available, otherwise FY EPS
Market cap
$3.93B
Long-term debt / equity
1.87×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at UWM Holdings

  • Revenue grew 18.2% to $3.2B in FY2025, slower than the 23.5% the year before.
  • Most recent quarter Q2 FY2026: revenue $888M, up 17.0% from Q2 FY2025.
  • Free cash flow was negative $2.7B in FY2025.
  • Net income rose 90.1% to $27M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where UWM Holdings’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin0.9%
17th percentile of 377
FCF margin-86.1%
3rd percentile of 272
Revenue growth (YoY)+18.2%
65th percentile of 420
ROE1.7%
24th percentile of 375
P/E11.4×
36th percentile of 318
Long-term debt / equity1.87×
92nd percentile of 194
Short interest2.72d
27th percentile of 420

UWM Holdings’s FCF margin of -86.1% ranks in the 3rd percentile of the 272 Financials companies reporting it. UWM Holdings’s long-term debt to equity of 1.87 ranks in the 92nd percentile of the 194 Financials companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$49.0M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$16.1M7.0MAdded
AQR Capital ManagementquantQ2 2026$9.5M4.4MAdded
Renaissance TechnologiesquantQ2 2026$9.4M4.1MAdded
Duquesne Family OfficeQ2 2026$5.9M2.6MNew
Millennium ManagementquantQ2 2026$4.7M2.1MReduced
Two Sigma InvestmentsquantQ2 2026$2.8M1.2MReduced
D. E. ShawquantQ2 2026$603,681263.6KReduced

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-08
Mat IshbiaPresident and CEOSell1.0M$3.39$3.4M
2026-05-07
filed 2026-05-08
Mat IshbiaPresident and CEOSell1.0M$3.39$3.4M
2026-05-06
Mat IshbiaPresident and CEOSell1.0M$3.66$3.7M
2026-05-05
filed 2026-05-06
Mat IshbiaPresident and CEOSell1.0M$3.45$3.5M
2026-05-04
Mat IshbiaPresident and CEOSell1.0M$3.57$3.6M
2026-05-01
filed 2026-05-04
Mat IshbiaPresident and CEOSell1.0M$3.62$3.6M
2026-04-30
filed 2026-05-04
Mat IshbiaPresident and CEOSell934.1K$3.53$3.3M
2026-04-29
Mat IshbiaPresident and CEOSell1.0M$3.50$3.5M
2026-04-28
filed 2026-04-29
Mat IshbiaPresident and CEOSell986.6K$3.66$3.6M
2026-04-27
Mat IshbiaPresident and CEOSell1.0M$3.78$3.8M
2026-04-24
filed 2026-04-27
Mat IshbiaPresident and CEOSell1.0M$3.75$3.8M
2026-04-23
filed 2026-04-27
Mat IshbiaPresident and CEOSell1.0M$3.65$3.7M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
94.8M
settled 2026-08-14
Change vs prior
+20.1%
vs previous settlement
Days to cover
2.72
at avg daily volume
Avg daily volume
34.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1494.8M+20.1%2.72
2026-07-3178.9M+7.1%5.28
2026-07-1573.7M+5.9%4.11
2026-06-3069.6M+26.2%2.32
2026-06-1555.2M+25.7%2.19
2026-05-2943.9M+1.6%2.31
2026-05-1543.2M+17.7%1.94
2026-04-3036.7M+0.3%3.37

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.16B$2.67B$2.17B$2.37B$2.97B
Gross profit
Operating income
Net income$27.4M$14.4M$-13.2M$41.7M$98.4M
Diluted EPS$0.12$0.01$-0.01$0.03$0.80

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$503.4M$507.3M$497.5M$704.9M$731.1M
Current assets
Total assets$16.93B$15.67B$11.87B$13.60B$22.53B
Current liabilities
Long-term debt$2.98B$2.79B$1.99B$2.00B$2.00B
Total liabilities$15.34B$13.62B$9.40B$10.43B$19.36B
Total equity$1.59B$2.05B$2.47B$3.17B$3.17B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-2.65B$-6.24B$165.2M$8.27B$-9.96B
Capital expenditure$74.0M$39.5M$26.4M$26.6M$65.4M
Free cash flow$-2.72B$-6.28B$138.8M$8.24B$-10.02B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$888.0M17.0%$-80.6M$-0.24
Q1 FY2026$901.4M47.0%$25.3M$0.09
Q4 FY2025$945.2M31.2%$19.4M
Q3 FY2025$843.3M13.1%$-1.3M
Q2 FY2025$758.7M21.9%$22.9M$0.11
Q1 FY2025$613.4M4.8%$-13.7M
Q4 FY2024$720.6M-2.6%$8.9M
Q3 FY2024$745.6M10.1%$-6.3M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryMortgage Bankers & Loan Correspondents
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1783398

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-03
View on EDGAR →
8-K2026-05-13
View on EDGAR →
8-K2026-05-12
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.