Uwm Holdings Corporation Financials
Uwm Holdings Corporation (UWMC) reported $3.2B in revenue for fiscal year 2025, up 18.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Reported earnings have returned, but cash generation and the balance sheet still show a business funded by financing flows.
After the FY2023 loss, the company returned to accounting profit, yet in the last two years positive net income coexisted with negative operating cash flow, so reported profitability did not rebuild liquidity. Debt-to-equity reached 1.9x as interest expense climbed to$531M , a sign that the recovery relied more on balance-sheet capacity and that this support is getting costlier.
The revenue rebound did not create clear operating leverage: in FY2025, interest expense of
The balance sheet is now less cushioned. Cash of
Financial Health Signals
Uwm Holdings Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Uwm Holdings Corporation passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Uwm Holdings Corporation used $10.85 of operating cash (-$2.6B OCF vs $244.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Uwm Holdings Corporation generated $3.2B in revenue in fiscal year 2025. This represents an increase of 18.2% from the prior year.
Uwm Holdings Corporation reported $244.0M in net income in fiscal year 2025. This represents a decrease of 25.9% from the prior year.
Uwm Holdings Corporation earned $0.12 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 7.7% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Uwm Holdings Corporation recorded an outflow of $2.7B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 56.7% from the prior year.
Uwm Holdings Corporation held $503.4M in cash against $3.0B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Uwm Holdings Corporation's net profit margin was 7.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.6 percentage points from the prior year.
Uwm Holdings Corporation's ROE was 15.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Uwm Holdings Corporation invested $74.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 87.7% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
UWMC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B | $3.2B+18.2% | $2.7B+23.5% | $2.2B-8.7% | $2.4B-20.1% | $3.0B-39.9% | $4.9B | N/A |
| SG&A Expenses | $884.5M | $851.2M+23.5% | $689.2M+30.0% | $530.2M-4.1% | $552.9M-20.8% | $697.7M+26.4% | $552.1M | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | -$6.8M | N/A |
| Interest Expense | $576.6M | $530.8M+8.2% | $490.8M+53.2% | $320.3M+4.7% | $306.0M+0.4% | $304.7M+82.4% | $167.0M | N/A |
| Income Tax | -$8.2M | $6.9M+4.4% | $6.6M+201.1% | -$6.5M-331.6% | $2.8M-71.4% | $9.8M+301.7% | $2.5M | $0 |
| Net Income | $179.5M | $244.0M-25.9% | $329.4M+572.0% | -$69.8M-107.5% | $931.9M-40.6% | $1.6B+27107.4% | -$5.8M | N/A |
| EPS (Diluted) | — | $0.12-7.7% | $0.13 | -$0.14 | $0.45-31.8% | $0.66 | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
UWMC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $16.9B+8.0% | $15.7B+32.0% | $11.9B-12.7% | $13.6B-39.6% | $22.5B+96.0% | $11.5B+2786237.7% | $412K |
| Current Assets | N/A | N/A | N/A | N/A | N/A | $234K-43.2% | $412K |
| Cash & Equivalents | $503.4M-0.8% | $507.3M+2.0% | $497.5M-29.4% | $704.9M-3.6% | $731.1M-40.3% | $1.2B+109271060.7% | $1K |
| Accounts Receivable | $526.7M+26.0% | $418.0M-18.4% | $512.1M+33.6% | $383.1M-7.8% | $415.7M+63.9% | $253.6M | N/A |
| Total Liabilities | $15.3B+12.6% | $13.6B+44.9% | $9.4B-9.9% | $10.4B-46.1% | $19.4B+68.5% | $11.5B+2693589.0% | $426K |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | $5.2M+1118.7% | $426K |
| Long-Term Debt | $3.0B+7.1% | $2.8B+40.1% | $2.0B-0.6% | $2.0B0.0% | $2.0B+150.0% | $800.0M | N/A |
| Total Equity | $1.6B-22.4% | $2.1B-17.0% | $2.5B-22.0% | $3.2B0.0% | $3.2B+63319.9% | $5.0M+35809.2% | -$14K |
| Retained Earnings | $189.4M+20.0% | $157.8M+42.6% | $110.7M-22.3% | $142.5M+0.5% | $141.8M-94.0% | $2.3B+6023998.8% | -$39K |
Not reported in any period shown, so not listed: Inventory, Goodwill.
UWMC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.9B | -$2.6B+57.6% | -$6.2B-3877.1% | $165.2M-98.0% | $8.3B+183.0% | -$10.0B-17750.4% | $56.4M | N/A |
| Capital Expenditures | $60.6M | $74.0M+87.7% | $39.5M+49.3% | $26.4M-0.7% | $26.6M-59.3% | $65.4M+14.1% | $57.3M | N/A |
| Free Cash Flow | -$4.9B | -$2.7B+56.7% | -$6.3B-4624.9% | $138.8M-98.3% | $8.2B+182.2% | -$10.0B-1144003.5% | -$876K | N/A |
| Investing Cash Flow | $1.5B | $2.3B-15.6% | $2.7B+46.2% | $1.8B+41.8% | $1.3B+546.0% | $199.8M-13.9% | $231.9M | N/A |
| Financing Cash Flow | $3.4B | $384.0M-89.3% | $3.6B+262.3% | -$2.2B+77.0% | -$9.6B-203.5% | $9.3B+1054.8% | $802.3M | N/A |
| Dividends Paid | $103.9M | $78.6M+97.8% | $39.7M+6.7% | $37.2M+0.8% | $36.9M+20.6% | $30.6M | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | $0 | $0-100.0% | $81.6M | $0 | $0 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
UWMC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | N/A | -0.1% | N/A |
| Net Margin | 7.7%-4.6pp | 12.3%+15.5pp | -3.2%-42.5pp | 39.3%-13.5pp | 52.8%+52.9pp | -0.1% | N/A |
| Return on Equity | 15.3%-0.7pp | 16.0%+18.9pp | -2.8%-32.2pp | 29.4%-20.1pp | 49.5%+165.6pp | -116.1% | N/A |
| Return on Assets | 1.4%-0.7pp | 2.1%+2.7pp | -0.6%-7.4pp | 6.9%-0.1pp | 7.0%+7.0pp | -0.1% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | 0.05-0.9x | 0.97 |
| Debt-to-Equity | 1.87+0.5x | 1.36+0.6x | 0.80+0.2x | 0.630.0x | 0.63-159.4x | 160.00 | N/A |
| FCF Margin | -86.1% | -234.9% | 6.4% | 347.4% | -337.4% | 0.0% | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where Uwm Holdings Corporation Ranks
Frequently Asked Questions
What is Uwm Holdings Corporation's annual revenue?
Uwm Holdings Corporation (UWMC) reported $3.2B in total revenue for fiscal year 2025. This represents a 18.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Uwm Holdings Corporation's revenue growing?
Uwm Holdings Corporation (UWMC) revenue grew by 18.2% year-over-year, from $2.7B to $3.2B in fiscal year 2025.
Is Uwm Holdings Corporation profitable?
Yes, Uwm Holdings Corporation (UWMC) reported a net income of $244.0M in fiscal year 2025, with a net profit margin of 7.7%.
How much debt does Uwm Holdings Corporation have?
As of fiscal year 2025, Uwm Holdings Corporation (UWMC) had $503.4M in cash and equivalents against $3.0B in long-term debt.
What is Uwm Holdings Corporation's net profit margin?
Uwm Holdings Corporation (UWMC) had a net profit margin of 7.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Uwm Holdings Corporation's return on equity (ROE)?
Uwm Holdings Corporation (UWMC) has a return on equity of 15.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Uwm Holdings Corporation's free cash flow?
Uwm Holdings Corporation (UWMC) recorded an outflow of $2.7B in free cash flow during fiscal year 2025. This represents a 56.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Uwm Holdings Corporation's operating cash flow?
Uwm Holdings Corporation (UWMC) recorded an outflow of $2.6B in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Uwm Holdings Corporation's total assets?
Uwm Holdings Corporation (UWMC) had $16.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Uwm Holdings Corporation's capital expenditures?
Uwm Holdings Corporation (UWMC) invested $74.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Uwm Holdings Corporation's debt-to-equity ratio?
Uwm Holdings Corporation (UWMC) had a debt-to-equity ratio of 1.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Uwm Holdings Corporation's return on assets (ROA)?
Uwm Holdings Corporation (UWMC) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Uwm Holdings Corporation's cash runway?
Based on fiscal year 2025 data, Uwm Holdings Corporation (UWMC) had $503.4M in cash against an annual operating cash burn of $2.6B. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Uwm Holdings Corporation's Piotroski F-Score?
Uwm Holdings Corporation (UWMC) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Uwm Holdings Corporation's earnings high quality?
For every $1 of reported earnings, Uwm Holdings Corporation (UWMC) used $10.85 of operating cash (-$2.6B OCF vs $244.0M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.