v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue    
Loan production income $ 554,572 $ 304,751
Loan servicing income 213,379 190,517
Interest income 133,476 118,102
Total revenue 901,427 613,370
Other gains (losses)    
Change in fair value of mortgage servicing rights (10,335) (388,585)
Loss on other interest rate derivatives (138,198) 0
Other gains (losses), net (148,533) (388,585)
Expenses    
Salaries, commissions and benefits 224,554 192,800
Direct loan production costs 60,505 43,127
Marketing, travel, and entertainment 30,878 22,190
Depreciation and amortization 14,385 11,340
General and administrative 59,034 68,148
Servicing costs 43,067 30,434
Interest expense 140,765 120,410
Other expense (income) 2,206 (2,848)
Total expenses 575,394 485,601
Earnings (loss) before income taxes 177,500 (260,816)
Provision (benefit) for income taxes 7,126 (13,788)
Net income (loss) 170,374 (247,028)
Net income (loss) attributable to non-controlling interest 145,073 (233,349)
Net income (loss) attributable to UWM Holdings Corporation $ 25,301 $ (13,679)
Earnings (loss) per share of Class A common stock (see Note 17):    
Basic (in usd per share) $ 0.09 $ (0.08)
Diluted (in usd per share) $ 0.09 $ (0.12)
Weighted average shares outstanding:    
Basic (in shares) 292,122,233 164,100,022
Diluted (in shares) 1,600,064,853 1,598,383,240