UWMC (UWM Holdings Corporation) Stock Financials & Earnings | Market Cap Arena

UWMC (UWM Holdings Corporation) Stock Financials & Earnings | Market Cap Arena

UWMCUWM Holdings Corporation

Mkt Cap$6B

Financial Services·Financial - Mortgages·🇺🇸 United States·NYSE

Revenue (TTM)$2.4B

Net Income (TTM)$27M

EPS (TTM)$0.09

Free Cash Flow (TTM)-$2.7B

Gross Margin77.1%

Op. Margin27.1%

Net Margin1.2%

FCF Margin-115.2%

P/S Ratio (TTM)2.7x

P/E Ratio (TTM)229.5x

YoY Rev Growth+23.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$115M	$45M	-$140M
Q2 23	$541M	$450M	$230M
Q3 23	$619M	$514M	$302M
Q4 23	-$162M	-$253M	-$468M
Q1 24	$519M	$410M	$184M
Q2 24	$449M	$327M	$77M
Q3 24	$459M	$302M	$32M
Q4 24	$479M	$333M	$42M
Q1 25	$162M	$31M	-$261M
Q2 25	$785M	$641M	$329M
Q3 25	$471M	$333M	$13M
Q4 25	$945M	$816M	$560M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.2x	801.0x
Q2 23	4.1x	893.0x
Q3 23	4.1x	463.0x
Q4 23	5.6x	—
Q1 24	4.1x	844.4x
Q2 24	4.4x	2142.2x
Q3 24	5.0x	—
Q4 24	3.3x	436.2x
Q1 25	4.1x	—
Q2 25	3.3x	530.0x
Q3 25	3.3x	372.1x
Q4 25	2.7x	229.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$2.0B	$2.0B
Q2 23	-$1.8B	-$1.8B
Q3 23	$346M	$340M
Q4 23	-$329M	-$336M
Q1 24	-$2.2B	-$2.2B
Q2 24	-$1.3B	-$1.3B
Q3 24	-$2.2B	-$2.2B
Q4 24	-$543M	-$552M
Q1 25	$594M	$576M
Q2 25	-$266M	-$290M
Q3 25	-$3.1B	-$3.1B
Q4 25	$104M	$82M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$8M
Q2 23	$5M
Q3 23	$6M
Q4 23	$7M
Q1 24	$7M
Q2 24	$12M
Q3 24	$12M
Q4 24	$8M
Q1 25	$18M
Q2 25	$24M
Q3 25	$10M
Q4 25	$22M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-84.7%	-14.5%
Q2 23	+8.3%	+9.7%
Q3 23	-2.5%	+4.2%
Q4 23	-163.5%	-5.8%
Q1 24	+349.2%	+31.1%
Q2 24	-17.0%	+19.5%
Q3 24	-25.8%	+34.4%
Q4 24	+394.9%	+42.5%
Q1 25	-68.8%	+26.3%
Q2 25	+74.7%	+22.3%
Q3 25	+2.5%	+7.2%
Q4 25	+97.5%	-11.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	2.1%
Q2 23	$4M	0.7%
Q3 23	$4M	0.6%
Q4 23	$4M	—
Q1 24	$6M	1.1%
Q2 24	$4M	0.9%
Q3 24	$6M	1.3%
Q4 24	$9M	1.9%
Q1 25	$8M	5.1%
Q2 25	$12M	1.5%
Q3 25	$15M	3.1%
Q4 25	$16M	1.6%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$156M	$17M
Q2 23	$184M	$22M
Q3 23	$180M	$20M
Q4 23	$181M	$26M
Q1 24	$195M	$19M
Q2 24	$215M	$24M
Q3 24	$235M	$22M
Q4 24	$253M	$31M
Q1 25	$261M	$22M
Q2 25	$271M	$26M
Q3 25	$285M	$23M
Q4 25	—	$34M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$740M	$0	$740M
Q2 23	$635M	$0	$635M
Q3 23	$730M	$0	$730M
Q4 23	$497M	$0	$497M
Q1 24	$606M	$0	$606M
Q2 24	$680M	$0	$680M
Q3 24	$636M	$0	$636M
Q4 24	$507M	$0	$507M
Q1 25	$485M	$0	$485M
Q2 25	$490M	$0	$490M
Q3 25	$871M	$0	$871M
Q4 25	$503M	$0	$503M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	93M	+0.4%
Q2 23	93M	+0.2%
Q3 23	93M	+0.2%
Q4 23	93M	-0.0%
Q1 24	95M	+1.4%
Q2 24	95M	+0.9%
Q3 24	100M	+4.6%
Q4 24	156M	+55.9%
Q1 25	154M	-1.1%
Q2 25	202M	+31.4%
Q3 25	221M	+9.5%
Q4 25	257M	+16.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 17	—	—
FY 18	—	—
FY 19	$411M	3
FY 20	$564K	9K
FY 21	$354K	8K
FY 22	$2M	1K
FY 23	$796K	1K
FY 24	$1M	2K
FY 25	$1M	2K