Quarterly ResultMay 11, 2026, 03:51 PM
UWM Holdings Q1 Net Income $25.3M; Revenue $901.4M
AI Summary
UWM Holdings Corporation reported a net income of $25.3 million for Q1 2026, a significant improvement from a net loss of $13.7 million in Q1 2025. Total revenue increased to $901.4 million, up 47% year-over-year, driven by strong loan production and servicing income. The company also amended its Conventional and Ginnie Mae MSR facilities, increasing borrowing capacity and extending maturity dates, while contingent earn-out shares for SFS Corp. expired as stock price targets were not met.
Key Highlights
- Net income attributable to UWM Holdings was $25.3 million, up from a $13.7 million loss in Q1 2025.
- Basic earnings per share (EPS) was $0.09, compared to a loss of $0.08 in Q1 2025.
- Total revenue increased to $901.4 million, up 47% from $613.4 million in Q1 2025.
- Loan production income rose to $554.6 million, an 82% increase from $304.8 million in Q1 2025.
- Loan servicing income grew to $213.4 million, up from $190.5 million in Q1 2025.
- Mortgage servicing rights (MSRs) fair value increased to $4.59 billion from $3.32 billion in Q1 2025.
- Conventional MSR Facility borrowing capacity increased to $2.0 billion, extended to June 2026.
- Ginnie Mae MSR Facility capacity increased to $900.0 million, extended to March 2029.