For the quarter ending 2025-09-30, UWMC-WT had $380,719K increase in cash & cash equivalents over the period. -$3,089,691K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 12,088 | 314,479 | -247,028 | 40,613 |
| Reserve for representations and warranties | 5,582 | 9,800 | 10,376 | 3,252 |
| Capitalization of mortgage servicing rights | 829,978 | 901,271 | 735,571 | 950,993 |
| Change in fair value of mortgage servicing rights | -307,825 | -111,421 | -388,585 | 309,149 |
| Depreciation & amortization | 14,139 | 13,531 | 12,631 | 12,162 |
| Stock-based compensation expense | 14,732 | 11,729 | 8,310 | 8,999 |
| Increase in fair value of investment securities | 1,628 | 403 | 1,721 | -3,980 |
| (decrease) increase in fair value of warrants liability | 770 | -1,309 | -685 | -8,494 |
| Mortgage loans at fair value | 2,744,151 | -361,901 | -1,114,326 | -625,146 |
| Derivative assets | 32,090 | 15,398 | -56,006 | 32,987 |
| Other assets | -208,305 | 210,883 | 10,164 | -122,713 |
| Derivative liabilities | -35,473 | 48,764 | -8,043 | -57,634 |
| Other liabilities | 543 | -8,237 | 6,876 | -866 |
| Net cash used in operating activities | -3,079,336 | -265,876 | 593,898 | -543,258 |
| Purchases of premises and equipment | 10,355 | 24,191 | 17,764 | 8,293 |
| Net proceeds from sale of mortgage servicing rights | 650,834 | 650,377 | 941,403 | 104,639 |
| Proceeds from principal payments on investment securities | 1,978 | 1,756 | 1,752 | 1,970 |
| Margin calls on borrowings against investment securities | 500 | 0 | 3,000 | -3,500 |
| Investment in private company equity securities | 100,000 | - | - | - |
| Net cash provided by investing activities | 542,957 | 627,942 | 928,391 | 94,816 |
| Net borrowings under warehouse lines of credit | 2,529,138 | -318,613 | -1,124,604 | -510,001 |
| Repayments of finance lease liabilities | 509 | 573 | 650 | 742 |
| Repayments under equipment notes payable | - | - | - | 0 |
| Borrowings under secured lines of credit | 550,000 | 700,000 | 225,000 | 1,175,000 |
| Repayments under secured lines of credit | 975,000 | 525,000 | 475,000 | 975,000 |
| Borrowings against investment securities | 87,142 | 86,896 | 88,775 | 90,645 |
| Repayments of borrowings against investment securities | 86,896 | 88,776 | 90,646 | 93,662 |
| Proceeds from issuance of senior notes | 1,000,000 | - | - | 800,000 |
| Discount and direct issuance cost of senior notes | 8,313 | - | - | 6,958 |
| Dividends paid to class a common stockholders | 20,598 | 18,775 | 15,794 | 11,315 |
| Member distributions paid to sfs corp | 157,862 | 192,242 | 151,347 | 148,503 |
| Other financing activities | -4 | -23 | -338 | -10 |
| Net cash provided by financing activities | 2,917,098 | -357,106 | -1,544,604 | 319,454 |
| Increase in cash and cash equivalents | 380,719 | 4,960 | -22,315 | -128,988 |
| Cash and cash equivalents at beginning of period | 489,984 | 485,024 | 507,339 | 636,327 |
| Cash and cash equivalents at end of period | 870,703 | 489,984 | 485,024 | 507,339 |
UWM Holdings Corp (UWMC-WT)
UWM Holdings Corp (UWMC-WT)