UWMC · XBRL financial data
UWM Holdings financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (UWMC's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 4,939 | 2,970 | 2,373 | 1,311 | 2,164 | 3,161 |
| Total operating expenses | 1,554 | 1,392 | 1,438 | 1,388 | 1,828 | 2,152 |
| Operating income (loss) | (7) | — | — | — | — | — |
| Interest income | 1 | — | — | — | — | — |
| Interest expense | 167 | 305 | 306 | 320 | — | — |
| Other income (expense) | 0 | 23 | (24) | 0 | 6 | 4 |
| Income tax expense (benefit) | 0 | 10 | 3 | (7) | 7 | 7 |
| Net income (loss) | (6) | 98 | 42 | (13) | 14 | 27 |
| Earnings per share, basic USD per share | — | 0.98 | 0.45 | (0.14) | 0.13 | 0.13 |
| Earnings per share, diluted USD per share | — | 0.66 | 0.45 | (0.14) | 0.13 | 0.12 |
| Weighted average shares, basic millions of shares | — | 101 | 92 | 93 | 111 | 211 |
| Weighted average shares, diluted millions of shares | — | 1,603 | 92 | 93 | 111 | 1,599 |
Balance sheet
CSVFiscal years (UWMC's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 0 | 731 | 705 | 497 | 507 | 503 |
| Total current assets | 0 | — | — | — | — | — |
| Property and equipment, net | 108 | 152 | 152 | 146 | 146 | 180 |
| Right-of-use asset | 93 | 105 | 104 | 99 | 94 | 94 |
| Total assets | 426 | 22,528 | 13,601 | 11,872 | 15,671 | 16,929 |
| Accrued liabilities | 4 | — | — | — | — | — |
| Total current liabilities | 5 | — | — | — | — | — |
| Total liabilities | 20 | 19,357 | 10,429 | 9,397 | 13,617 | 15,335 |
| Retained earnings (accumulated deficit) | (6) | 142 | 143 | 111 | 158 | 189 |
| Total stockholders' equity | 5 | — | — | — | — | — |
| Total liabilities and equity | 426 | 22,528 | 13,601 | 11,872 | 15,671 | 16,929 |
| Common shares outstanding (cover page) millions of shares | 103 | — | — | — | — | — |
Cash flows
CSVFiscal years (UWMC's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (6) | 98 | 42 | (13) | 14 | 27 |
| Stock-based compensation | 0 | 6 | 8 | 14 | 25 | 50 |
| Depreciation and amortization | — | 38 | 49 | 50 | 49 | 56 |
| Net cash from operating activities | (2) | (9,957) | 8,268 | 165 | (6,241) | (2,648) |
| Purchases of property and equipment | 57 | 65 | 27 | 26 | 39 | 74 |
| Net cash from investing activities | (425) | 200 | 1,290 | 1,830 | 2,676 | 2,260 |
| Share repurchases | 0 | 82 | 0 | 0 | — | — |
| Dividends paid | 0 | 31 | 37 | 37 | 40 | 79 |
| Net cash from financing activities | 427 | 9,264 | (9,585) | (2,203) | 3,575 | 384 |
| Net change in cash | 0 | (493) | (26) | (207) | 10 | (4) |
Compare with peers
SIC 6162 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6162 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| UWM Holdings | 498 | 888 | 344* | not reported | — | 10-QJun 30, 2026 |
| LendingTree | 111 | 313 | 29* | 14.0M | — | 10-QJun 30, 2026 |
| Rocket Companies | 2,699 | 3,284 | 1,905* | not reported | — | 10-QSep 30, 2026 |
| Guild Holdings | 106 | not reported | 79* | not reported | — | 10-QSep 30, 2025 |
| Onity Group | 197 | 283 | (516)* | 8.4M | 0.4 quarters | 10-QJun 30, 2026 |
| PennyMac Financial Services | 233 | 5.7 | 854* | 52.0M | — | 10-QSep 30, 2026 |
| Figure Technology Solutions | 1,438 | 226 | (35)* | not reported | 40.9 quarters | 10-QJun 30, 2026 |
| Better Home & Finance Holding | 102 | not reported | 23* | 19.0M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.