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UWM Holdings Corp

UWMC NYSE Mortgage Bankers & Loan Correspondents Financials FY2019–FY2025

UWM Holdings Corp had $3.2B of revenue in fiscal 2025, up 18.2% on the year before. Over five years, revenue changed βˆ’8.5% a year on average.

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Last close Β· Oct 23, 2026

$1.45

26.1%

What UWM Holdings Corp does

UWMC Β· Mortgage Bankers & Loan Correspondents

From its latest annual report

No business description yet.

Filing details

Legal name
UWM Holdings Corp
Fiscal year ends
December 31, 2025
Latest annual report
10-K Β· Feb 25, 2026
Accession Β· CIK
0001783398-26-000013 Β· 0001783398

Earnings calendar Β· UWM Holdings Corp

Every quarter, companies publish how much they sold and earned. These are the days UWM Holdings Corp did it, and the next one. Share prices often move a lot on those days.

Next results

November 5, 2026

Thursday Β· in 10 days

Time
Time not announced
Covers
Period ended Sep 30, 2026
Expected EPS
$0.05
Source
Earnings calendar
See who else reports that week β†’
Date Results for Time Source
Oct 23, 2026 Period ended Sep 30, 2026 Before the market opens 8-K β†—
Aug 5, 2026 Q2 '26 After the market closes 8-K β†—
May 6, 2026 Q1 '26 Before the market opens 8-K β†—
Feb 25, 2026 Q4 '25 Before the market opens 8-K β†—
Nov 6, 2025 Q3 '25 Before the market opens 8-K β†—
Aug 7, 2025 Q2 '25 Before the market opens 8-K β†—
May 6, 2025 Q1 '25 Before the market opens 8-K β†—
Feb 26, 2025 Q4 '24 Before the market opens 8-K β†—

From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.

KIRA’s summary AI analyst

Hi! I read UWM Holdings Corp’s latest annual report (fiscal 2025). Here is what stands out:

2 strengths 1 to watch

1.Sales and profit

See section β†’
  • UWM Holdings Corp had $3.2B of revenue in fiscal 2025, up 18.2% on the year before. Over five years, revenue changed βˆ’8.5% a year on average.
  • UWM Holdings Corp made $27.4M of net profit in fiscal 2025.

2.Cash and shareholders

See section β†’
  • Free cash flow was βˆ’$2.7B in fiscal 2025, βˆ’86.1% of revenue.
  • UWM Holdings Corp returned $78.6M to shareholders in fiscal 2025. The diluted share count rose 1,335.9%.
  • In the last 12 months, insiders sold $420M of shares on the open market and bought none.

UWM Holdings Corp in 30 seconds

Good So-so Weak

Good

Are sales growing?

+18.2%

Yes. Sales grew 18.2% last year.

So-so

Does it make a profit?

0.9%

A little. It keeps 0.9% of every sale as profit.

Weak

Does profit turn into cash?

βˆ’86.1%

No. It spent more cash than it brought in.

So-so

How healthy are the accounts?

4 / 7

Mixed. It passes 4 of 7 health tests.

For information

How is the share priced?

β€”

No P/E: it made no profit over the last four quarters.

Rules of thumb on reported numbers. A starting point, not a recommendation.

Key numbers, fiscal 2025

Market cap Last close times the latest diluted share count, so it is approximate.
$489M
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
β€”
On βˆ’$0.02 EPS (TTM)

Revenue

Total sales reported in the income statement.

KIRA Β· UWM Holdings Corp had $3.2B of revenue in fiscal 2025, up 18.2% on the year before. Over five years, revenue changed βˆ’8.5% a year on average.

See the full section β†’

Operating margin

Operating income as a share of revenue.

See the full section β†’

Net income

Profit after all expenses, interest and tax.

KIRA Β· UWM Holdings Corp made $27.4M of net profit in fiscal 2025.

See the full section β†’

Free cash flow

Cash from operations minus capital spending.

KIRA Β· Free cash flow was βˆ’$2.7B in fiscal 2025, βˆ’86.1% of revenue.

See the full section β†’

Return on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

See the full section β†’
Charts by

Sales and profit

Is it selling more, and how much does it keep?

Revenue and margins

KIRA Β· UWM Holdings Corp had $3.2B of revenue in fiscal 2025, up 18.2% on the year before. Over five years, revenue changed βˆ’8.5% a year on average.

In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).

Revenue

Revenue

Margins, % of revenue

Gross Operating Net FCF

Margins, % of revenue

Gross Operating Net FCF

Net income and earnings per share

KIRA Β· UWM Holdings Corp made $27.4M of net profit in fiscal 2025.

Loss periods are shown in red.

In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.

Net income

Net income

Diluted EPS

Diluted EPS

Cash and shareholders

How much cash comes in, and where does it go?

Cash flow

KIRA Β· Free cash flow was βˆ’$2.7B in fiscal 2025, βˆ’86.1% of revenue.

Cash from operations minus capital spending.

In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.

Free cash flow

Free cash flow

Cash from operations vs capital spending

Cash from operations Capital spending

Cash from operations vs capital spending

Cash from operations Capital spending

Dividends, buybacks and share count

KIRA Β· UWM Holdings Corp returned $78.6M to shareholders in fiscal 2025. The diluted share count rose 1,335.9%.

In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).

Dividends and buybacks

Dividends Buybacks

Dividends and buybacks

Dividends Buybacks

Diluted shares outstanding (annual)

Insider trades

KIRA Β· In the last 12 months, insiders sold $420M of shares on the open market and bought none.

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. β€œPlan” marks trades under a pre-arranged Rule 10b5-1 plan.

In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$420M

2 insiders

Of sales under plans

100%

$420M

DateInsiderTradeSharesPriceValueFiling
May 8, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,003,333 $3.39 $3.4M Form 4
May 7, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,003,333 $3.39 $3.4M Form 4
May 6, 2026 SFS Holding Corp10% owner Sold plan 1,003,333 $3.66 $3.7M Form 4
May 5, 2026 SFS Holding Corp10% owner Sold plan 1,003,333 $3.45 $3.5M Form 4
May 4, 2026 SFS Holding Corp10% owner Sold plan 1,003,333 $3.57 $3.6M Form 4
May 1, 2026 SFS Holding Corp10% owner Sold plan 1,001,024 $3.62 $3.6M Form 4
Apr 30, 2026 SFS Holding Corp10% owner Sold plan 934,061 $3.53 $3.3M Form 4
Apr 29, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.50 $3.5M Form 4
Apr 28, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 986,644 $3.66 $3.6M Form 4
Apr 27, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.78 $3.8M Form 4
Apr 24, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.75 $3.8M Form 4
Apr 23, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.65 $3.7M Form 4
Apr 22, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.70 $3.7M Form 4
Apr 21, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.82 $3.8M Form 4
Apr 20, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.94 $3.9M Form 4
Apr 17, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.93 $3.9M Form 4
Apr 16, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.76 $3.8M Form 4
Apr 15, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.78 $3.8M Form 4
Apr 14, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.71 $3.7M Form 4
Apr 13, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.66 $3.7M Form 4
Apr 10, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.71 $3.7M Form 4
Apr 9, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.91 $3.9M Form 4
Apr 8, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.87 $3.9M Form 4
Apr 7, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.61 $3.6M Form 4
Apr 6, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.73 $3.7M Form 4
Apr 2, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.69 $3.7M Form 4
Apr 1, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.63 $3.6M Form 4
Mar 31, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.55 $3.6M Form 4
Mar 30, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.52 $3.5M Form 4
Mar 27, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.49 $3.5M Form 4
Mar 26, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 1,000,574 $3.46 $3.5M Form 4
Mar 25, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.55 $3.6M Form 4
Mar 24, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.63 $3.6M Form 4
Mar 23, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.72 $3.7M Form 4
Mar 20, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.60 $3.6M Form 4
Mar 19, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.67 $3.7M Form 4
Mar 18, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.73 $3.7M Form 4
Mar 17, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.67 $3.7M Form 4
Mar 16, 2026 SFS Holding Corp10% owner Sold plan 1,000,574 $3.70 $3.7M Form 4
Mar 13, 2026 SFS Holding Corp10% owner Sold plan 632,874 $3.69 $2.3M Form 4
Mar 12, 2026 SFS Holding Corp10% owner Sold plan 632,874 $3.78 $2.4M Form 4
Mar 11, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $3.91 $2.5M Form 4
Mar 10, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.13 $2.6M Form 4
Mar 9, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $3.78 $2.4M Form 4
Mar 6, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $3.94 $2.5M Form 4
Mar 5, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.11 $2.6M Form 4
Mar 4, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.23 $2.7M Form 4
Mar 3, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.25 $2.7M Form 4
Mar 2, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.35 $2.8M Form 4
Feb 27, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.44 $2.8M Form 4
Feb 26, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.40 $2.8M Form 4
Feb 25, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.03 $2.6M Form 4
Feb 24, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.51 $2.9M Form 4
Feb 23, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.52 $2.9M Form 4
Feb 20, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.64 $2.9M Form 4
Feb 19, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.77 $3.0M Form 4
Feb 18, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.85 $3.1M Form 4
Feb 17, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.88 $3.1M Form 4
Feb 13, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.94 $3.1M Form 4
Feb 12, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.73 $3.0M Form 4
Feb 11, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.66 $2.9M Form 4
Feb 10, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.83 $3.1M Form 4
Feb 9, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.61 $2.9M Form 4
Feb 6, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.84 $3.1M Form 4
Feb 5, 2026 SFS Holding Corp10% owner Sold plan 632,874 $5.10 $3.2M Form 4
Feb 4, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.05 $3.2M Form 4
Feb 3, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.21 $3.3M Form 4
Feb 2, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.20 $3.3M Form 4
Jan 30, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.00 $3.2M Form 4
Jan 29, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.76 $3.6M Form 4
Jan 28, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.89 $3.7M Form 4
Jan 27, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.81 $3.7M Form 4
Jan 26, 2026 SFS Holding Corp10% owner Sold plan 632,874 $5.75 $3.6M Form 4
Jan 23, 2026 SFS Holding Corp10% owner Sold plan 632,874 $5.85 $3.7M Form 4
Jan 22, 2026 SFS Holding Corp10% owner Sold plan 632,874 $5.87 $3.7M Form 4
Jan 21, 2026 SFS Holding Corp10% owner Sold plan 632,874 $5.75 $3.6M Form 4
Jan 20, 2026 SFS Holding Corp10% owner Sold plan 632,874 $5.82 $3.7M Form 4
Jan 16, 2026 SFS Holding Corp10% owner Sold plan 632,874 $6.04 $3.8M Form 4
Jan 15, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.72 $3.6M Form 4
Jan 14, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.46 $3.5M Form 4
Jan 13, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $5.37 $3.4M Form 4
Jan 12, 2026 SFS Holding Corp10% owner Sold plan 632,874 $5.35 $3.4M Form 4
Jan 9, 2026 SFS Holding Corp10% owner Sold plan 632,874 $5.27 $3.3M Form 4
Jan 8, 2026 SFS Holding Corp10% owner Sold plan 632,874 $4.73 $3.0M Form 4
Jan 7, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.70 $3.0M Form 4
Jan 6, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.45 $2.8M Form 4
Jan 5, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.43 $2.8M Form 4
Jan 2, 2026 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.42 $2.8M Form 4
Dec 31, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.37 $2.8M Form 4
Dec 30, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 632,874 $4.43 $2.8M Form 4
Dec 29, 2025 SFS Holding Corp10% owner Sold plan 632,874 $4.42 $2.8M Form 4
Dec 26, 2025 SFS Holding Corp10% owner Sold plan 632,874 $4.57 $2.9M Form 4
Dec 24, 2025 SFS Holding Corp10% owner Sold plan 449,997 $4.66 $2.1M Form 4
Dec 23, 2025 SFS Holding Corp10% owner Sold plan 402,483 $4.70 $1.9M Form 4
Dec 12, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 612,287 $5.47 $3.3M Form 4
Dec 11, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 612,287 $5.63 $3.4M Form 4
Dec 10, 2025 SFS Holding Corp10% owner Sold plan 612,287 $5.60 $3.4M Form 4
Dec 9, 2025 SFS Holding Corp10% owner Sold plan 612,287 $5.54 $3.4M Form 4
Dec 8, 2025 SFS Holding Corp10% owner Sold plan 612,287 $5.67 $3.5M Form 4
Dec 5, 2025 SFS Holding Corp10% owner Sold plan 612,287 $5.78 $3.5M Form 4
Dec 4, 2025 SFS Holding Corp10% owner Sold plan 612,287 $5.74 $3.5M Form 4
Dec 3, 2025 SFS Holding Corp10% owner Sold plan 612,287 $5.71 $3.5M Form 4
Dec 2, 2025 SFS Holding Corp10% owner Sold plan 612,287 $5.80 $3.6M Form 4
Dec 1, 2025 SFS Holding Corp10% owner Sold plan 612,287 $5.80 $3.6M Form 4
Nov 28, 2025 SFS Holding Corp10% owner Sold plan 437,073 $5.85 $2.6M Form 4
Nov 26, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.81 $3.5M Form 4
Nov 25, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.60 $3.3M Form 4
Nov 24, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.21 $3.1M Form 4
Nov 21, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.09 $3.0M Form 4
Nov 20, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $4.98 $3.0M Form 4
Nov 19, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $4.96 $3.0M Form 4
Nov 18, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $4.93 $2.9M Form 4
Nov 17, 2025 SFS Holding Corp10% owner Sold plan 596,356 $4.94 $2.9M Form 4
Nov 14, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.11 $3.0M Form 4
Nov 13, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.27 $3.1M Form 4
Nov 12, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.47 $3.3M Form 4
Nov 11, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.45 $3.3M Form 4
Nov 10, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.47 $3.3M Form 4
Nov 7, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.18 $3.1M Form 4
Nov 6, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.25 $3.1M Form 4
Nov 5, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.69 $3.4M Form 4
Nov 4, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.76 $3.4M Form 4
Nov 3, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.76 $3.4M Form 4
Oct 31, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.59 $3.3M Form 4
Oct 30, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.56 $3.3M Form 4
Oct 29, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.70 $3.4M Form 4
Oct 28, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.82 $3.5M Form 4
Oct 27, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.83 $3.5M Form 4
Oct 24, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.87 $3.5M Form 4
Oct 23, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.75 $3.4M Form 4
Oct 22, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.73 $3.4M Form 4
Oct 21, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.67 $3.4M Form 4
Oct 20, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.56 $3.3M Form 4
Oct 17, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.37 $3.2M Form 4
Oct 16, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.26 $3.1M Form 4
Oct 15, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.39 $3.2M Form 4
Oct 14, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.38 $3.2M Form 4
Oct 13, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.27 $3.1M Form 4
Oct 10, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.34 $3.2M Form 4
Oct 9, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.30 $3.2M Form 4
Oct 8, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.40 $3.2M Form 4
Oct 7, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $5.39 $3.2M Form 4
Oct 6, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.69 $3.4M Form 4
Oct 3, 2025 SFS Holding Corp10% owner Sold plan 596,356 $5.99 $3.6M Form 4
Oct 2, 2025 SFS Holding Corp10% owner Sold plan 596,356 $6.06 $3.6M Form 4
Oct 1, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $6.22 $3.7M Form 4
Sep 30, 2025 Ishbia MatPresident and CEO, Director, 10% owner Sold plan 596,356 $6.09 $3.6M Form 4

Financial health

Can it carry its debts, and how well does it use its money?

Balance sheet

KIRA Β· UWM Holdings Corp owes $2.5B more than it holds in cash.

Cash, debt and the ratios that show how comfortably UWM Holdings Corp can carry it.

In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.

Cash vs debt (incl. leases)

Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $731M$705M$497M$507M$503M
Debt incl. finance leases $2.1B$2.0B$2.0B$2.8B$3.0B
Debt / equity 0.6x0.6x0.8x1.4x1.9x
Total assets $22.5B$13.6B$11.9B$15.7B$16.9B
Total liabilities $19.4B$10.4B$9.4B$13.6B$15.3B
Shareholders' equity $3.2B$3.2B$2.5B$2.1B$1.6B
Net debt (βˆ’ = net cash) $1.3B$1.3B$1.5B$2.3B$2.5B

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.

Return on capital, equity and assets (annual)

Return on capital Return on equity Return on assets

Piotroski F-score

KIRA Β· UWM Holdings Corp passes 4 of 7 financial health tests (Piotroski F-score).

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.

TestFY19FY20FY21FY22FY23FY24FY25
Net income is positive βœ“ βœ• βœ“ βœ“ βœ• βœ“ βœ“
Cash from operations is positive βœ• βœ“ βœ• βœ“ βœ“ βœ• βœ•
Return on assets rose β€” βœ• βœ“ βœ• βœ• βœ“ βœ“
Cash from operations exceeds net income βœ• βœ“ βœ• βœ“ βœ“ βœ• βœ•
Debt fell relative to assets β€” β€” βœ• βœ• βœ• βœ• βœ“
Current ratio rose β€” βœ• β€” β€” β€” β€” β€”
Share count didn't rise β€” β€” β€” βœ“ βœ• βœ• βœ•
Gross margin rose β€” β€” β€” β€” β€” β€” β€”
Revenue rose relative to assets β€” βœ• βœ• βœ“ βœ“ βœ• βœ“
F-score β€” / 3β€” / 6β€” / 65 / 73 / 72 / 74 / 7
Accruals ratio 948,137.9%βˆ’1.1%59.1%βˆ’45.5%βˆ’1.4%45.4%16.4%
Altman Z'' β€”0.66β€”β€”β€”β€”β€”

All figures

Every number, year by year.

7 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.

Download CSV
Fiscal yearFY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.3B $4.9B $3.0B $2.4B $2.2B $2.7B $3.2B
Operating income β€” βˆ’$6.8M β€” β€” β€” β€” β€”
Interest expense $164M $167M $305M $306M $320M β€” β€”
Pretax income $415M $3.4B $1.6B $935M βˆ’$76.3M $336M $251M
Income tax $0.0M $2.5M $9.8M $2.8M βˆ’$6.5M $6.6M $6.9M
Net income $415M βˆ’$5.8M $98.4M $41.7M βˆ’$13.2M $14.4M $27.4M
Net income to common β€” β€” $98.4M $41.7M βˆ’$13.2M $14.4M $27.4M
Diluted EPS β€” βˆ’$0.12 $0.66 $0.45 βˆ’$0.14 $0.13 $0.12
Diluted shares β€” β€” 1.60B 0.09B 0.09B 0.11B 1.60B
Cash flow
Cash from operations βˆ’$3.5B $56.4M βˆ’$10.0B $8.3B $165M βˆ’$6.2B βˆ’$2.6B
Capital expenditure $16.8M $57.3M $65.4M $26.6M $26.4M $39.5M $74.0M
Free cash flow βˆ’$3.5B βˆ’$0.9M βˆ’$10.0B $8.2B $139M βˆ’$6.3B βˆ’$2.7B
Depreciation and amortization $9.4M $16.8M $38.0M $49.4M $50.1M $48.8M $55.5M
Stock-based compensation $0.0M $0.0M $6.5M $7.5M $13.8M $24.6M $50.4M
Share buybacks $0.0M $0.0M $81.6M $0.0M $0.0M β€” β€”
Dividends paid $0.0M $0.0M $30.6M $36.9M $37.2M $39.7M $78.6M
Dividends and buybacks $0.0M $0.0M $112M $36.9M $37.2M $39.7M $78.6M
Balance sheet
Cash and short-term investments $0.0M $1.2B $731M $705M $497M $507M $503M
Total debt β€” $800M $2.0B $2.0B $2.0B $2.8B $3.0B
Finance lease liabilities β€” $23.1M $58.0M $43.5M $30.7M $25.1M $23.5M
Current assets $0.4M $0.2M β€” β€” β€” β€” β€”
Current liabilities $0.4M $5.2M β€” β€” β€” β€” β€”
Property and equipment, net β€” $108M $152M $152M $146M $146M $180M
Total assets $0.4M $11.5B $22.5B $13.6B $11.9B $15.7B $16.9B
Total liabilities $0.4M $9.1B $19.4B $10.4B $9.4B $13.6B $15.3B
Preferred stock β€” β€” $0.0M $0.0M $0.0M $0.0M $0.0M
Shareholders' equity βˆ’$0.0M $5.0M $3.2B $3.2B $2.5B $2.1B $1.6B
Margins
Operating margin β€” βˆ’0.1% β€” β€” β€” β€” β€”
EBITDA margin β€” 0.2% β€” β€” β€” β€” β€”
Net margin 32.5% βˆ’0.1% 3.3% 1.8% βˆ’0.6% 0.5% 0.9%
FCF margin βˆ’274.8% βˆ’0.0% βˆ’337.4% 347.4% 6.4% βˆ’234.9% βˆ’86.1%
Returns
Return on capital employed β€” βˆ’0.1% β€” β€” β€” β€” β€”
Return on equity β€” βˆ’232.9% 6.2% 1.3% βˆ’0.5% 0.6% 1.5%
Return on assets 100,619.9% βˆ’0.1% 0.6% 0.2% βˆ’0.1% 0.1% 0.2%
Return on tangible equity β€” βˆ’116.1% 3.1% 1.3% βˆ’0.5% 0.7% 1.7%
Growth
Revenue growth β€” 286.3% βˆ’39.9% βˆ’20.1% βˆ’8.7% 23.5% 18.2%
Net income growth β€” βˆ’101.4% β€” βˆ’57.6% βˆ’131.7% β€” 90.1%
EPS growth β€” β€” β€” βˆ’31.8% βˆ’131.1% β€” βˆ’7.7%
FCF growth β€” β€” β€” β€” βˆ’98.3% βˆ’4,624.9% β€”
Share count change β€” β€” β€” βˆ’94.2% 0.8% 19.4% 1,335.9%
Financial health
Net debt / EBITDA β€” βˆ’40.1x β€” β€” β€” β€” β€”
Debt / equity β€” 160.0x 0.6x 0.6x 0.8x 1.4x 1.9x
Interest coverage β€” βˆ’0.0x β€” β€” β€” β€” β€”
Current ratio 1.0x 0.0x β€” β€” β€” β€” β€”
Quick ratio 1.0x 0.0x β€” β€” β€” β€” β€”
Capital allocation
Capex / revenue 1.3% 1.2% 2.2% 1.1% 1.2% 1.5% 2.3%
Stock comp / revenue 0.0% 0.0% 0.2% 0.3% 0.6% 0.9% 1.6%
Payouts / FCF β€” β€” β€” 0.4% 26.8% β€” β€”
Quality scores
Piotroski F-score β€” β€” β€” 5.0 3.0 2.0 4.0
Altman Z'' β€” 0.7 β€” β€” β€” β€” β€”
Accruals ratio 948,137.9% βˆ’1.1% 59.1% βˆ’45.5% βˆ’1.4% 45.4% 16.4%

Source: SEC EDGAR XBRL filings (CIK 0001783398). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β€” not investment advice. Check the original filings before relying on any figure.

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