$UWMC

UWM Holdings Corp

CIK:0001783398|SEC Filings
v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue      
Loan production income $ 1,898,141 $ 1,528,840 $ 1,000,547
Loan servicing income 724,741 636,665 818,703
Interest income 537,687 508,621 346,225
Total revenue 3,160,569 2,674,126 2,165,475
Other gains (losses)      
Change in fair value of mortgage servicing rights (1,055,448) (294,999) (854,148)
Gain (loss) on other interest rate derivatives 298,126 (215,436) 0
Other gains (losses), net (757,322) (510,435) (854,148)
Expenses      
Salaries, commissions and benefits 851,213 689,160 530,231
Direct loan production costs 208,811 190,277 104,262
Marketing, travel, and entertainment 106,191 96,782 84,515
Depreciation and amortization 50,044 45,474 46,146
General and administrative 264,060 209,838 170,423
Servicing costs 145,629 110,986 131,792
Interest expense 530,794 490,763 320,256
Other income (4,391) (5,546) (5)
Total expenses 2,152,351 1,827,734 1,387,620
Earnings (loss) before income taxes 250,896 335,957 (76,293)
Provision (benefit) for income taxes 6,873 6,582 (6,511)
Net income (loss) 244,023 329,375 (69,782)
Net income (loss) attributable to non-controlling interest 216,643 314,971 (56,552)
Net income (loss) attributable to UWM Holdings Corporation $ 27,380 $ 14,404 $ (13,230)
Earnings (loss) per share of Class A common stock (see Note 20):      
Basic (in usd per share) $ 0.13 $ 0.13 $ (0.14)
Diluted (in usd per share) $ 0.12 $ 0.13 $ (0.14)
Weighted average shares outstanding:      
Basic (in shares) 211,407,534 111,374,469 93,245,373
Diluted (in shares) 1,599,179,891 111,374,469 93,245,373