What is Uwm Holdings Corporation's earnings per share (EPS)?

Uwm Holdings Corporation (UWMCW) reported diluted earnings per share of $0.12 for fiscal year 2025. This represents a -7.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Uwm Holdings Corporation (UWMCW) Financials

UWMCW

Trailing 12 months to March 31, 2026

Revenue $3.4B +27.6% YoY

Net Income $283.0M -7.8% YoY

EPS (Diluted) $0.12 FY2025 annual

Free Cash Flow -$5.5B -58.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 11, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the UWMCW SEC filings page.

Uwm Holdings Corporation (UWMCW) reported $3.4B in revenue over the twelve months to Mar 31, 2026, up 27.6% from the prior twelve months. 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).

Rhea AI UWMCW FY2025 2026-08-30

Reported earnings coexist with highly volatile cash conversion, while rising leverage leaves less equity supporting the balance sheet.

Profit and cash generation are decoupled: FY2025 net income was $244M while operating cash flow was -$2.6B, and FY2024 showed the same mismatch. That pattern means accounting profit is not a reliable standalone read on the company’s cash economics, which are being shaped by large balance-sheet movements.

Leverage increased materially: debt-to-equity rose from 0.6x in FY2022 to 1.9x in FY2025. Equity fell from $3.2B to $1.6B, indicating obligations expanded faster than the capital base supporting them.

Revenue recovery has not restored prior earnings economics: revenue reached $3.2B in FY2025, but net margin was 7.7%. That remains well below 39.3% in FY2022, while interest expense rose to $531M from $306M, adding financing pressure.

Financial Health Signals

Financial health score not available

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.

Piotroski F-Score Partial

3/6

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.

Earnings Quality No Cash Backing

$10.85used

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

Export CSV

Earnings & Revenue

Revenue

$901.4M

YoY+47.0%

QoQ-4.6%

5Y CAGR-5.4%

Uwm Holdings Corporation generated $901.4M in revenue in Q1 2026. This represents an increase of 47.0% from the same quarter a year earlier. Against the prior quarter it is down 4.6%.

Net Income

$25.3M

YoY+285.0%

QoQ-89.3%

5Y CAGR-12.0%

Uwm Holdings Corporation reported $25.3M in net income in Q1 2026. This represents an increase of 285.0% from the same quarter a year earlier. Against the prior quarter it is down 89.3%.

EPS (Diluted)

$0.09

Uwm Holdings Corporation earned $0.09 per diluted share (EPS) in Q1 2026.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Free Cash Flow

-$2.2B

YoY-490.4%

QoQ-2842.0%

Uwm Holdings Corporation recorded an outflow of $2.2B in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 490.4% from the same quarter a year earlier. Against the prior quarter it is down 2842.0%.

Cash & Debt

$424.0M

YoY-12.6%

QoQ-15.8%

5Y CAGR-23.3%

Uwm Holdings Corporation held $424.0M in cash against $3.0B in long-term debt as of Q1 2026.

Shares Outstanding

Diluted avg 1.60B

Uwm Holdings Corporation had a weighted average of 1.60B diluted shares in Q1 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Net Margin

2.8%

YoY+5.0pp

QoQ-22.2pp

5Y change-1.2pp

Uwm Holdings Corporation's net profit margin was 2.8% in Q1 2026, showing the share of revenue converted to profit. This is up 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 22.2 percentage points.

Return on Equity

1.6%

YoY+2.4pp

QoQ-13.2pp

5Y change-0.1pp

Uwm Holdings Corporation's ROE was 1.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.2 percentage points.

Gross Margin

Not reported for Q1 2026.

Operating Margin

Not reported for Q1 2026.

Capital Allocation

Capital Expenditures

$19.1M

YoY+7.3%

QoQ-12.3%

5Y CAGR+14.2%

Uwm Holdings Corporation invested $19.1M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 7.3% from the same quarter a year earlier. Against the prior quarter it is down 12.3%.

R&D Spending

Not reported for Q1 2026.

Share Buybacks

Not reported for Q1 2026.

UWMCW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

UWMCW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19
Revenue	$3.4B	$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	$883.0M	$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
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	$10.0M	N/A
Interest Expense	$551.1M	$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	$27.8M	$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	$283.0M	$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 (Basic)	N/A	$0.130.0%	$0.13+192.9%	-$0.14-131.1%	$0.45-54.1%	$0.98	N/A	N/A
EPS (Diluted)	—	$0.12-7.7%	$0.13	-$0.14	$0.45-31.8%	$0.66	N/A	N/A
Diluted Shares (Avg)	N/A	1.60B+1335.9%	111M	93M	92M-94.2%	1.60B	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$901.4M+47.0%	$945.2M+31.2%	$843.3M+13.1%	$758.7M+21.9%	$613.4M+4.8%	$720.6M-2.6%	$745.6M+10.1%	$622.4M+5.9%
SG&A Expenses	$224.6M+16.5%	$224.2M+16.1%	$222.8M+22.8%	$211.5M+31.9%	$192.8M+25.0%	$193.2M+35.5%	$181.5M+34.1%	$160.3M+22.0%
Interest Expense	$140.8M+16.9%	$144.8M+1.8%	$132.1M-6.4%	$133.5M+22.8%	$120.4M+22.0%	$142.3M+76.1%	$141.1M+50.6%	$108.7M+31.8%
Income Tax	$7.1M+151.7%	$5.1M+199.0%	$582K+69.2%	$14.9M+1800.6%	-$13.8M-469.4%	$1.7M+123.1%	$344K-53.1%	$786K-35.0%
Net Income	$25.3M+285.0%	$236.1M-27.1%	-$1.3M+80.0%	$22.9M+651.1%	-$13.7M-256.7%	$323.9M+487.3%	-$6.3M-134.5%	$3.0M-59.6%
EPS (Basic)	$0.09+212.5%	N/A	-$0.01+83.3%	$0.11+266.7%	-$0.08-188.9%	N/A	-$0.06-130.0%	$0.03-62.5%
EPS (Diluted)	$0.09	N/A	-$0.01+83.3%	$0.11	-$0.12-233.3%	N/A	-$0.06-140.0%	$0.03-62.5%
Diluted Shares (Avg)	1.60B	N/A	221M+121.8%	202M	1.60B0.0%	N/A	100M-93.7%	95M+2.4%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

UWMCW Balance Sheet

UWMCW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	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
Non-Current Liabilities	N/A	N/A	N/A	N/A	N/A	$11.5B	$0
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

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$19.3B+37.1%	$16.9B+8.0%	$17.0B+12.6%	$13.9B+7.5%	$14.0B+9.8%	$15.7B+32.0%	$15.1B+23.9%	$12.9B+4.0%
Cash & Equivalents	$424.0M-12.6%	$503.4M-0.8%	$870.7M+36.8%	$490.0M-28.0%	$485.0M-19.9%	$507.3M+2.0%	$636.3M-12.8%	$680.2M+7.2%
Accounts Receivable	$1.3B+169.1%	$526.7M+26.0%	$548.1M-2.5%	$719.4M+39.2%	$472.3M-14.8%	$418.0M-18.4%	$561.9M+45.6%	$516.8M+48.6%
Total Liabilities	$17.7B+42.3%	$15.3B+12.6%	$15.4B+19.3%	$12.1B+14.6%	$12.4B+20.0%	$13.6B+44.9%	$12.9B+42.0%	$10.6B+11.8%
Long-Term Debt	$3.0B+7.1%	$3.0B+7.1%	$3.8B+89.0%	$2.8B+39.4%	$2.8B+39.3%	$2.8B+40.1%	$2.0B0.0%	$2.0B0.0%
Total Equity	$1.6B-2.1%	$1.6B-22.4%	$1.6B-27.2%	$1.7B-24.9%	$1.6B-33.4%	$2.1B-17.0%	$2.2B-29.5%	$2.3B-21.0%
Retained Earnings	$216.8M+35.1%	$189.4M+20.0%	$169.9M+45.8%	$170.3M+53.4%	$160.4M+43.2%	$157.8M+42.6%	$116.6M-10.5%	$111.0M-7.8%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.

UWMCW Cash Flow Statement

UWMCW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19
Operating Cash Flow	-$5.5B	-$2.6B+57.6%	-$6.2B-3877.1%	$165.2M-98.0%	$8.3B+183.0%	-$10.0B-17750.4%	$56.4M	N/A
Depreciation & Amortization	N/A	$55.5M+13.8%	$48.8M-2.6%	$50.1M+1.3%	$49.4M+29.9%	$38.0M+126.1%	$16.8M	N/A
Stock-Based Compensation	N/A	$50.4M+104.9%	$24.6M+77.7%	$13.8M+83.3%	$7.5M+16.7%	$6.5M	$0	$0
Capital Expenditures	$75.3M	$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	-$5.5B	-$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	$1.9B	$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	$3.6B	$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	$89.6M	$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

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	-$2.2B-475.5%	$103.8M+119.1%	-$3.1B-41.4%	-$265.9M+79.8%	$593.9M+127.0%	-$543.3M-65.0%	-$2.2B-729.7%	-$1.3B+28.6%
Depreciation & Amortization	$15.6M+23.7%	$17.9M+33.7%	$12.7M+9.5%	$12.2M+7.0%	$12.6M+2.5%	$13.4M-6.9%	$11.6M+0.6%	$11.4M-0.3%
Stock-Based Compensation	$13.2M+58.4%	N/A	$14.8M+155.2%	$11.6M+197.4%	$8.3M+41.4%	N/A	$5.8M+48.7%	$3.9M+5.4%
Capital Expenditures	$19.1M+7.3%	$21.7M+162.1%	$10.4M-15.6%	$24.2M+102.9%	$17.8M+154.8%	$8.3M+21.7%	$12.3M+93.8%	$11.9M+123.5%
Free Cash Flow	-$2.2B-490.4%	$82.0M+114.9%	-$3.1B-41.0%	-$290.1M+78.2%	$576.1M+126.1%	-$551.6M-64.1%	-$2.2B-745.1%	-$1.3B+28.1%
Investing Cash Flow	$524.3M-43.5%	$160.3M+69.0%	$543.0M+128.7%	$627.9M-40.6%	$928.4M-27.9%	$94.8M-46.6%	$237.4M-59.2%	$1.1B+147.8%
Financing Cash Flow	$1.6B+205.3%	-$631.4M-297.6%	$2.9B+53.8%	-$357.1M-206.5%	-$1.5B-250.9%	$319.5M+496.8%	$1.9B+327.9%	$335.3M-74.5%
Dividends Paid	$26.8M+70.0%	$23.4M+107.1%	$20.6M+115.5%	$18.8M+97.7%	$15.8M+68.6%	$11.3M+20.8%	$9.6M+2.7%	$9.5M+2.0%

Not reported in any period shown, so not listed: Share Buybacks.

UWMCW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

UWMCW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	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
Asset Turnover	0.190.0x	0.170.0x	0.180.0x	0.170.0x	0.13-0.3x	0.43	N/A
FCF Margin	-86.1%	-234.9%	6.4%	347.4%	-337.4%	0.0%	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Net Margin	2.8%+5.0pp	25.0%-20.0pp	-0.1%+0.7pp	3.0%+2.5pp	-2.2%-3.7pp	45.0%+56.3pp	-0.8%-3.5pp	0.5%-0.8pp
Return on Equity	1.6%+2.4pp	14.8%-1.0pp	-0.1%+0.2pp	1.3%+1.2pp	-0.8%-1.2pp	15.8%+19.1pp	-0.3%-0.9pp	0.1%-0.1pp
Return on Assets	0.1%+0.2pp	1.4%-0.7pp	0.0%0.0pp	0.2%+0.1pp	-0.1%-0.2pp	2.1%+2.8pp	0.0%-0.2pp	0.0%0.0pp
Debt-to-Equity	1.86+0.2x	1.87+0.5x	2.38+1.5x	1.59+0.7x	1.70+0.9x	1.36+0.6x	0.92+0.3x	0.86+0.2x
Asset Turnover	0.050.0x	0.060.0x	0.050.0x	0.050.0x	0.040.0x	0.050.0x	0.050.0x	0.050.0x
FCF Margin	-249.5%	8.7%+85.2pp	-366.4%	-38.2%	93.9%	-76.5%-31.1pp	-293.8%	-213.5%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

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.

Where Uwm Holdings Corporation Ranks

Frequently Asked Questions

What is Uwm Holdings Corporation's annual revenue?

Uwm Holdings Corporation (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 (UWMCW) 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 Piotroski F-Score?

Uwm Holdings Corporation (UWMCW) 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 (UWMCW) 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.