UWM Holdings (UWMC) financial statements
UWM Holdings reported revenue of $3.2B in fiscal 2025, up 16.3% a year over 6 years.
Net income was $27M.
Free cash flow was -$2.7B, and the company returned $79M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from UWM Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $4.9B | $3.0B | $2.4B | $2.2B | $2.7B | $3.2B |
| Operating income | — | -$7M | — | — | — | — | — |
| Interest expense | $164M | $167M | $305M | $306M | $320M | — | — |
| Pre-tax income | $415M | $3.4B | $1.6B | $935M | -$76M | $336M | $251M |
| Income tax | $0 | $2M | $10M | $3M | -$7M | $7M | $7M |
| Net income | $415M | -$6M | $98M | $42M | -$13M | $14M | $27M |
| EPS (diluted) | — | -$0.12 | $0.66 | $0.45 | -$0.14 | $0.13 | $0.12 |
| Diluted shares | — | — | 1.60B | 92M | 93M | 111M | 1.60B |
| Operating margin | — | -0.1% | — | — | — | — | — |
| Net margin | 32.5% | -0.1% | 3.3% | 1.8% | -0.6% | 0.5% | 0.9% |
Balance sheet
Fiscal years, from UWM Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1,120 | $1.2B | $731M | $705M | $497M | $507M | $503M |
| Total current assets | $412,494 | $234,462 | — | — | — | — | — |
| Property, plant and equipment | — | $108M | $152M | $152M | $146M | $146M | $180M |
| Total assets | $412,494 | $11.5B | $22.5B | $13.6B | $11.9B | $15.7B | $16.9B |
| Total current liabilities | $426,496 | $5M | — | — | — | — | — |
| Total liabilities | $426,496 | $9.1B | $19.4B | $10.4B | $9.4B | $13.6B | $15.3B |
| Shareholders' equity | -$14,002 | $5M | $3.2B | $3.2B | $2.5B | $2.1B | $1.6B |
| Net debt | -$1,120 | -$1.2B | -$731M | -$705M | -$497M | -$507M | -$503M |
Cash flow
Fiscal years, from UWM Holdings's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.5B | $56M | -$10.0B | $8.3B | $165M | -$6.2B | -$2.6B |
| Capital spending | $17M | $57M | $65M | $27M | $26M | $39M | $74M |
| Free cash flow | -$3.5B | -$876,000 | -$10.0B | $8.2B | $139M | -$6.3B | -$2.7B |
| Stock-based compensation | $0 | $0 | $6M | $8M | $14M | $25M | $50M |
| Dividends paid | $0 | $0 | $31M | $37M | $37M | $40M | $79M |
| Share buybacks (net) | $0 | $0 | -$82M | $0 | $0 | — | — |
| Free cash flow margin | -274.8% | -0.0% | -337.4% | 347.4% | 6.4% | -234.9% | -86.1% |
| Dividends per share | — | — | $0.02 | $0.40 | $0.40 | $0.36 | $0.05 |
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Open UWMC in InvestinglyQuestions
What was UWM Holdings's revenue in 2025?
$3.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does UWM Holdings generate?
-$2.7B in fiscal 2025 (operating cash flow minus capital spending).
From UWM Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.