UWM Holdings Corp
NYSE:UWMC
Income Statement
Earnings Waterfall
UWM Holdings Corp
Income Statement
UWM Holdings Corp
| Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||
| Interest Expense |
159
|
159
|
167
|
177
|
220
|
269
|
305
|
312
|
297
|
280
|
306
|
309
|
334
|
354
|
320
|
356
|
382
|
429
|
491
|
513
|
537
|
528
|
0
|
|
| Revenue |
2 098
N/A
|
3 515
+68%
|
4 939
+40%
|
5 732
+16%
|
5 605
-2%
|
4 632
-17%
|
3 558
-23%
|
2 959
-17%
|
2 793
-6%
|
2 380
-15%
|
2 089
-12%
|
1 937
-7%
|
1 962
+1%
|
2 099
+7%
|
2 165
+3%
|
2 252
+4%
|
2 312
+3%
|
2 473
+7%
|
2 674
+8%
|
2 702
+1%
|
2 838
+5%
|
2 936
+3%
|
3 161
+8%
|
|
| Gross Profit | ||||||||||||||||||||||||
| Cost of Revenue |
(83)
|
(100)
|
(125)
|
(133)
|
(148)
|
(165)
|
(182)
|
(222)
|
(254)
|
(264)
|
(256)
|
(236)
|
(221)
|
(233)
|
(236)
|
(244)
|
(260)
|
(274)
|
(301)
|
(313)
|
(323)
|
(338)
|
(354)
|
|
| Gross Profit |
2 015
N/A
|
3 415
+69%
|
4 813
+41%
|
5 599
+16%
|
5 457
-3%
|
4 467
-18%
|
3 376
-24%
|
2 737
-19%
|
2 539
-7%
|
2 116
-17%
|
1 832
-13%
|
1 701
-7%
|
1 741
+2%
|
1 866
+7%
|
1 929
+3%
|
2 008
+4%
|
2 052
+2%
|
2 199
+7%
|
2 373
+8%
|
2 389
+1%
|
2 515
+5%
|
2 598
+3%
|
2 806
+8%
|
|
| Operating Income | ||||||||||||||||||||||||
| Operating Expenses |
(949)
|
(1 095)
|
(1 261)
|
(1 125)
|
(1 122)
|
(1 030)
|
(906)
|
(905)
|
(892)
|
(896)
|
(876)
|
(830)
|
(829)
|
(819)
|
(831)
|
(872)
|
(903)
|
(960)
|
(1 036)
|
(1 102)
|
(1 164)
|
(1 215)
|
(1 267)
|
|
| Selling, General & Administrative |
(592)
|
(716)
|
(671)
|
(819)
|
(881)
|
(861)
|
(894)
|
(865)
|
(838)
|
(824)
|
(807)
|
(768)
|
(774)
|
(770)
|
(785)
|
(827)
|
(861)
|
(918)
|
(996)
|
(1 065)
|
(1 123)
|
(1 174)
|
(1 221)
|
|
| Depreciation & Amortization |
(357)
|
(380)
|
(590)
|
(376)
|
(312)
|
(249)
|
(35)
|
(39)
|
(42)
|
(44)
|
(45)
|
(46)
|
(46)
|
(46)
|
(46)
|
(46)
|
(46)
|
(46)
|
(45)
|
(45)
|
(46)
|
(47)
|
(50)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
69
|
71
|
80
|
23
|
(2)
|
(13)
|
(28)
|
(24)
|
(16)
|
(9)
|
(2)
|
0
|
0
|
4
|
3
|
6
|
8
|
5
|
6
|
4
|
|
| Operating Income |
1 067
N/A
|
2 320
+118%
|
3 552
+53%
|
4 474
+26%
|
4 336
-3%
|
3 437
-21%
|
2 471
-28%
|
1 831
-26%
|
1 647
-10%
|
1 220
-26%
|
957
-22%
|
872
-9%
|
912
+5%
|
1 048
+15%
|
1 098
+5%
|
1 136
+3%
|
1 149
+1%
|
1 239
+8%
|
1 337
+8%
|
1 287
-4%
|
1 351
+5%
|
1 383
+2%
|
1 539
+11%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||
| Interest Income Expense |
(159)
|
(159)
|
(167)
|
(236)
|
(498)
|
(718)
|
(893)
|
(669)
|
(408)
|
16
|
(22)
|
(534)
|
(561)
|
(725)
|
(1 174)
|
(888)
|
(1 054)
|
(1 414)
|
(1 001)
|
(1 396)
|
(1 208)
|
(1 260)
|
(1 288)
|
|
| Pre-Tax Income |
907
N/A
|
2 161
+138%
|
3 385
+57%
|
4 237
+25%
|
3 837
-9%
|
2 719
-29%
|
1 578
-42%
|
1 163
-26%
|
1 239
+7%
|
1 236
0%
|
935
-24%
|
338
-64%
|
352
+4%
|
323
-8%
|
(76)
N/A
|
248
N/A
|
95
-62%
|
(175)
N/A
|
336
N/A
|
(109)
N/A
|
143
N/A
|
124
-14%
|
251
+103%
|
|
| Net Income | ||||||||||||||||||||||||
| Tax Provision |
(1)
|
(2)
|
(3)
|
(16)
|
(16)
|
(19)
|
(10)
|
(1)
|
(0)
|
(2)
|
(3)
|
2
|
2
|
6
|
7
|
2
|
2
|
3
|
(7)
|
11
|
(3)
|
(3)
|
(7)
|
|
| Income from Continuing Operations |
907
|
2 160
|
3 383
|
4 222
|
3 821
|
2 700
|
1 568
|
1 162
|
1 238
|
1 234
|
932
|
340
|
353
|
329
|
(70)
|
249
|
97
|
(172)
|
329
|
(98)
|
140
|
120
|
244
|
|
| Income to Minority Interest |
0
|
0
|
0
|
(812)
|
(942)
|
(1 247)
|
(1 470)
|
(1 089)
|
(1 166)
|
(1 175)
|
(890)
|
(332)
|
(346)
|
(315)
|
57
|
(242)
|
(94)
|
151
|
(315)
|
90
|
(128)
|
(103)
|
(217)
|
|
| Net Income (Common) |
907
N/A
|
2 160
+138%
|
3 383
+57%
|
3 410
+1%
|
2 879
-16%
|
1 453
-50%
|
98
-93%
|
72
-26%
|
73
+0%
|
59
-19%
|
42
-29%
|
8
-81%
|
7
-10%
|
14
+92%
|
(13)
N/A
|
7
N/A
|
3
-61%
|
(22)
N/A
|
14
N/A
|
(8)
N/A
|
12
N/A
|
17
+42%
|
27
+62%
|
|
| EPS (Diluted) |
8.79
N/A
|
20.94
+138%
|
32.81
+57%
|
2.12
-94%
|
1.79
-16%
|
0.9
-50%
|
0.06
-93%
|
0.04
-33%
|
0.78
+1 850%
|
0.63
-19%
|
0.45
-29%
|
0.09
-80%
|
0.08
-11%
|
0
N/A
|
-0.14
N/A
|
0
N/A
|
0.03
N/A
|
-0.23
N/A
|
0.13
N/A
|
-0.06
N/A
|
0.05
N/A
|
0.08
+60%
|
0.01
-88%
|
|