UWMC
UWM Holdings Corporation5.12
-0.15-2.85%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
8.44BP/E (TTM)
46.55Basic EPS (TTM)
0.11Dividend Yield
0.08%Recent Filings
8-K
UWM issues $1B notes
UWM Holdings LLC issued $1.0 billion in 6.250% senior unsecured notes due March 15, 2031, on September 16, 2025, at par with semi-annual interest starting March 15, 2026. Guaranteed by United Wholesale Mortgage, the notes rank equally with existing senior debt but subordinate to secured obligations like warehouse lines. This bolsters liquidity amid mortgage market pressures. Redemption options kick in early, yet covenants curb added debt unless ratios hold firm.
8-K
UWM upsizes $1B notes offering
UWM Holdings upsized its senior notes offering to $1.0 billion at 6.250% due 2031, closing September 16, 2025, with guarantees from United Wholesale Mortgage ranking equal to existing debt. Proceeds will repay maturing 5.5% notes on November 15, 2025, reduce MSR facility balances, and fund working capital, easing near-term liquidity pressures. Yet, the higher rate signals elevated borrowing costs amid market conditions.
8-K
UWM Q2 earnings surge
UWM Holdings Corporation reported robust Q2 2025 results, with loan origination volume surging 18% year-over-year to $39.7 billion and net income flipping to $314.5 million from a Q1 loss. Total revenue climbed to $758.7 million, fueled by a 113 bps gain margin and AI-driven tools like LEO and Mia that sharpen broker competitiveness. The board declared a $0.10 per share dividend, payable October 9. Q3 outlook projects $33-40 billion in production.
10-Q
Q2 FY2025 results
UWM Holdings ramped up loan originations to $39.7 billion in Q2 FY2025 ended June 30, 2025, up 18.2% year-over-year from $33.6 billion, driving total revenue to $758.7 million, a 21.8% y/y jump, while loan servicing income climbed 24.3% y/y to $178.8 million on a higher weighted average servicing fee of 0.35%. Net income soared to $314.5 million, up 312.2% y/y, fueled by a $208.9 million gain on interest rate derivatives that offset a $111.4 million MSR fair value dip; yet YTD net income dipped to $67.5 million from $256.8 million, with diluted EPS at $0.03 on 1.6 billion shares (dilutive from exchange transactions). Cash equivalents stood at $490 million, with free cash flow not disclosed in the 10-Q, total debt at $10.1 billion including $2.8 billion senior notes (5.87% weighted average rate, maturities 2025-2030), and $425 million drawn on MSR facilities amid covenant compliance. Volumes swelled on refinance momentum in softer rates, but MSR sales of $88.3 billion UPB trimmed the portfolio to $211.2 billion. Intense competition from retail lenders pressures wholesale margins.
8-K
Annual meeting votes pass
UWM Holdings Corporation's stockholders, at the June 4, 2025 Annual Meeting, elected Kelly Czubak, Alex Elezaj, and Mat Ishbia as Class I directors until 2028, with strong support exceeding 800 million votes for each despite some withheld votes. They ratified Deloitte & Touche LLP as auditors for fiscal 2025, passing overwhelmingly with over 900 million for votes. The advisory approval of executive compensation also succeeded, garnering 808 million for votes. Continuity in governance remains solid.
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