CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenue | ||||
| Loan production income | $ 527,217 | $ 447,882 | $ 1,081,789 | $ 752,633 |
| Loan servicing income | 220,503 | 178,813 | 433,882 | 369,330 |
| Interest income | 140,283 | 132,005 | 273,759 | 250,107 |
| Total revenue | 888,003 | 758,700 | 1,789,430 | 1,372,070 |
| Other gains (losses) | ||||
| Change in fair value of mortgage servicing rights | (122,683) | (111,421) | (133,018) | (500,006) |
| Gain (loss) on other interest rate derivatives | (603,191) | 208,904 | (741,389) | 208,904 |
| Other gains (losses), net | (725,874) | 97,483 | (874,407) | (291,102) |
| Expenses | ||||
| Salaries, commissions, and benefits | 213,044 | 211,461 | 437,598 | 404,261 |
| Direct loan production costs | 72,161 | 46,330 | 132,666 | 89,457 |
| Marketing, travel, and entertainment | 35,588 | 26,379 | 66,466 | 48,569 |
| Depreciation and amortization | 14,655 | 12,200 | 29,040 | 23,540 |
| General and administrative | 89,748 | 59,999 | 148,782 | 128,147 |
| Servicing costs | 49,745 | 35,083 | 92,812 | 65,517 |
| Interest expense | 158,939 | 133,467 | 299,704 | 253,877 |
| Other expense (income) | 1,170 | 1,846 | 3,376 | (1,002) |
| Total expenses | 635,050 | 526,765 | 1,210,444 | 1,012,366 |
| Earnings (loss) before income taxes | (472,921) | 329,418 | (295,421) | 68,602 |
| Provision (benefit) for income taxes | (21,019) | 14,939 | (13,893) | 1,151 |
| Net income (loss) | (451,902) | 314,479 | (281,528) | 67,451 |
| Net income (loss) attributable to non-controlling interest | (371,308) | 291,570 | (226,235) | 58,221 |
| Net income (loss) attributable to UWM Holdings Corporation | $ (80,594) | $ 22,909 | $ (55,293) | $ 9,230 |
| Earnings (loss) per share of Class A common stock (see Note 17): | ||||
| Basic (in usd per share) | $ (0.24) | $ 0.11 | $ (0.18) | $ 0.05 |
| Diluted (in usd per share) | $ (0.24) | $ 0.11 | $ (0.18) | $ 0.03 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 337,525,247 | 202,133,122 | 314,949,163 | 183,221,635 |
| Diluted (in shares) | 337,525,247 | 202,133,122 | 314,949,163 | 1,598,706,211 |
| X | ||||||||||
- Definition Amount of contractually specified servicing fee, late fee, and ancillary fee recognized as income for servicing asset and servicing liability. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Change In Fair Value Of Mortgage Servicing Rights, Net No definition available.
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- Definition Direct loan production costs. No definition available.
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- Definition Other Gains (Losses) No definition available.
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- Definition Other Gains (Losses), Net No definition available.
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- Definition Servicing costs. No definition available.
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