| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 79,539 | 67,451 | -247,028 | 288,762 |
| Reserve for representations and warranties | 25,758 | 20,176 | 10,376 | 40,185 |
| Capitalization of mortgage servicing rights | 2,466,820 | 1,636,842 | 735,571 | 1,980,550 |
| Change in fair value of mortgage servicing rights | -807,831 | -500,006 | -388,585 | -604,148 |
| Depreciation & amortization | 40,301 | 26,162 | 12,631 | 36,615 |
| Stock-based compensation expense | 34,771 | 20,039 | 8,310 | 15,581 |
| Increase in fair value of investment securities | 3,752 | 2,124 | 1,721 | 4,530 |
| (decrease) increase in fair value of warrants liability | -1,224 | -1,994 | -685 | 3,405 |
| Mortgage loans at fair value | 1,267,924 | -1,476,227 | -1,114,326 | 4,691,799 |
| Derivative assets | -8,518 | -40,608 | -56,006 | 33,958 |
| Other assets | 12,742 | 221,047 | 10,164 | 65,650 |
| Derivative liabilities | 5,248 | 40,721 | -8,043 | 52,818 |
| Other liabilities | -818 | -1,361 | 6,876 | 36,736 |
| Net cash used in operating activities | -2,751,314 | 328,022 | 593,898 | -5,698,237 |
| Purchases of premises and equipment | 52,310 | 41,955 | 17,764 | 31,162 |
| Net proceeds from sale of mortgage servicing rights | 2,242,614 | 1,591,780 | 941,403 | 2,607,316 |
| Proceeds from principal payments on investment securities | 5,486 | 3,508 | 1,752 | 5,917 |
| Margin calls on borrowings against investment securities | 3,500 | 3,000 | 3,000 | -795 |
| Investment in private company equity securities | 100,000 | - | - | - |
| Net cash provided by investing activities | 2,099,290 | 1,556,333 | 928,391 | 2,581,276 |
| Net borrowings under warehouse lines of credit | 1,085,921 | -1,443,217 | -1,124,604 | 4,305,656 |
| Repayments of finance lease liabilities | 1,732 | 1,223 | 650 | 4,842 |
| Repayments under equipment notes payable | - | - | - | 0 |
| Borrowings under secured lines of credit | 1,475,000 | 925,000 | 225,000 | 500,000 |
| Repayments under secured lines of credit | 1,975,000 | 1,000,000 | 475,000 | 950,000 |
| Borrowings against investment securities | 262,813 | 175,671 | 88,775 | 279,132 |
| Repayments of borrowings against investment securities | 266,318 | 179,422 | 90,646 | 279,284 |
| Proceeds from issuance of senior notes | 1,000,000 | - | - | - |
| Discount and direct issuance cost of senior notes | 8,313 | - | - | - |
| Dividends paid to class a common stockholders | 55,167 | 34,569 | 15,794 | 28,419 |
| Member distributions paid to sfs corp | 501,451 | 343,589 | 151,347 | 565,524 |
| Other financing activities | -365 | -361 | -338 | -899 |
| Net cash provided by financing activities | 1,015,388 | -1,901,710 | -1,544,604 | 3,255,820 |
| Increase in cash and cash equivalents | 363,364 | -17,355 | -22,315 | 138,859 |
| Cash and cash equivalents at beginning of period | 507,339 | 507,339 | 507,339 | 497,468 |
| Cash and cash equivalents at end of period | 870,703 | 489,984 | 485,024 | 636,327 |
UWM Holdings Corp (UWMC)
UWM Holdings Corp (UWMC)