uwmc: the income statement

MyFinsight

For the quarter ending 2025-09-30, UWMC made $843,252K in revenue. -$1,262K in net income. Net profit margin of -0.15%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Total revenue	843,252	758,700	613,370	526,434
Change in fair value of mortgage servicing rights	-307,825	-111,421	-388,585	-
Gain on other interest rate derivatives	27,813	208,904	-	-
Msr valuation adjustments, net	-	-	-388,585	-
Other gains (losses), net	-280,012	97,483	-	-
Salaries, commissions and benefits	222,760	211,461	192,800	181,453
Direct loan production costs	64,213	46,330	43,127	58,398
Marketing, travel, and entertainment	23,410	26,379	22,190	22,462
Depreciation and amortization	12,747	12,200	11,340	11,636
General and administrative	62,243	59,999	68,148	53,664
Servicing costs	33,928	35,083	30,434	25,009
Interest expense	132,084	133,467	120,410	141,102
Other expense (income)	815	-1,846	2,848	-421
Total expenses	550,570	526,765	485,601	494,145
Earnings before income taxes	12,670	329,418	-260,816	32,289
Provision for income taxes	582	14,939	-13,788	344
Net income	12,088	314,479	-247,028	31,945
Net income attributable to non-controlling interest	13,350	291,570	-233,349	38,240
Net income (loss) attributable to uwm holdings corporation	-1,262	22,909	-13,679	-6,295

Basic (in shares)	221,354,499	202,133,122	164,100,022	99,801,301
Basic (in usd per share)	-0.01	0.11	-0.08	-0.06
Diluted (in shares)	221,354,499	202,133,122	1,598,383,240	99,801,301
Diluted (in usd per share)	-0.01	0.11	-0.12	-0.06