UWM Holdings CorpUWMCEarnings & Financial Report
United Wholesale Mortgage (UWM), formerly United Shore Financial Services, is an American wholesale mortgage lender headquartered in Pontiac, Michigan. UWM underwrites loans for independent brokers, and as of 2024 is the largest mortgage lender in the United States.
UWMC Q4 FY2025 Key Financial Metrics
Revenue
$945.2M
Gross Profit
N/A
Operating Profit
$169.6M
Net Profit
$19.4M
Gross Margin
N/A
Operating Margin
17.9%
Net Margin
2.1%
YoY Growth
68.7%
EPS
$0.14
UWM Holdings Corp Q4 FY2025 Financial Summary
UWM Holdings Corp reported revenue of $945.2M (up 68.7% YoY) for Q4 FY2025, with a net profit of $19.4M (up 117.6% YoY) (2.1% margin).
Key Financial Metrics
| Total Revenue | $945.2M |
|---|---|
| Net Profit | $19.4M |
| Gross Margin | N/A |
| Operating Margin | 17.9% |
| Report Period | Q4 FY2025 |
UWM Holdings Corp Annual Revenue by Year
UWM Holdings Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.2B).
UWM Holdings Corp Quarterly Revenue & Net Profit History
UWM Holdings Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $945.2M | +68.7% | $19.4M | 2.1% |
| Q3 FY2025 | $843.3M | +60.2% | $-1.3M | -0.1% |
| Q2 FY2025 | $758.7M | +49.6% | $22.9M | 3.0% |
| Q1 FY2025 | $613.4M | +7.6% | $-13.7M | -2.2% |
| Q4 FY2024 | $560.2M | +588.9% | $8.9M | 1.6% |
| Q3 FY2024 | $526.4M | -22.3% | $-6.3M | -1.2% |
| Q2 FY2024 | $507.1M | -13.7% | $3.0M | 0.6% |
| Q1 FY2024 | $570.0M | +253.4% | $8.7M | 1.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $570.0M | $507.1M | $526.4M | $560.2M | $613.4M | $758.7M | $843.3M | $945.2M |
| YoY Growth | 253.4% | -13.7% | -22.3% | 588.9% | 7.6% | 49.6% | 60.2% | 68.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $12.80B | $12.92B | $15.12B | $15.67B | $14.05B | $13.89B | $17.02B | $16.93B |
| Liabilities | $10.34B | $10.59B | $12.94B | $13.62B | $12.41B | $12.14B | $15.44B | $15.34B |
| Equity | $2.46B | $2.33B | $2.18B | $2.05B | $1.64B | $1.75B | $1.59B | $1.59B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-2.20B | $-1.32B | $-2.18B | $-543.3M | $593.9M | $-265.9M | $-3.08B | $103.8M |