$UWMC

UWM Holdings Corp

CIK:0001783398|SEC Filings
v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Loan production income $ 542,144 $ 465,548 $ 1,294,777 $ 1,121,611
Loan servicing income 169,019 134,753 538,349 463,365
Interest income 132,089 145,297 382,196 368,554
Total revenue 843,252 745,598 2,215,322 1,953,530
Other gains (losses)        
Change in fair value of mortgage servicing rights (307,825) (446,100) (807,831) (604,148)
Gain on other interest rate derivatives 27,813 226,936 236,717 254,102
Other gains (losses), net (280,012) (219,164) (571,114) (350,046)
Expenses        
Salaries, commissions and benefits 222,760 181,453 627,021 496,005
Direct loan production costs 64,213 58,398 153,670 135,319
Marketing, travel, and entertainment 23,410 22,462 71,979 66,011
Depreciation and amortization 12,747 11,636 36,287 34,380
General and administrative 62,243 53,664 190,390 149,524
Servicing costs 33,928 25,009 99,445 81,120
Interest expense 132,084 141,102 385,961 348,421
Other expense (income) (815) 421 (1,817) (921)
Total expenses 550,570 494,145 1,562,936 1,309,859
Earnings before income taxes 12,670 32,289 81,272 293,625
Provision for income taxes 582 344 1,733 4,863
Net income 12,088 31,945 79,539 288,762
Net income attributable to non-controlling interest 13,350 38,240 71,571 283,277
Net income (loss) attributable to UWM Holdings Corporation $ (1,262) $ (6,295) $ 7,968 $ 5,485
Earnings (loss) per share of Class A common stock (see Note 17):        
Basic (in usd per share) $ (0.01) $ (0.06) $ 0.04 $ 0.06
Diluted (in usd per share) $ (0.01) $ (0.06) $ 0.04 $ 0.06
Weighted average shares outstanding:        
Basic (in shares) 221,354,499 99,801,301 196,072,271 96,530,282
Diluted (in shares) 221,354,499 99,801,301 1,598,953,257 96,530,282