UWM (NYSE:UWMC) Announces Earnings Results

UWM (NYSE:UWMC) issued its earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08, FiscalAI reports. UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The business had revenue of $945.25 million for the quarter, compared to analysts’ expectations of $759.12 million.

Here are the key takeaways from UWM’s conference call:

• Record scale and strong results: Full‑year originations were $163.4 billion (+17% YoY) and Q4 originations were $49.6 billion (+28% YoY), with adjusted EBITDA > $697 million and Q4 net income of $164.5 million.
• Strategic servicing shift: Management is bringing servicing in‑house, integrating the Bilt partnership, and pursuing the Two Harbors acquisition to build a closed‑loop platform aimed at increasing broker lead flow, recapture rates, and consumer retention.
• MSR impairments weighed on earnings: Mortgage servicing rights write‑downs totaled $435 million for 2025 (including $28.8 million in Q4), which reduced reported net income to $244 million for the year despite revenue growth.
• Solid capital and liquidity: The company ended Q4 with $1.6 billion in total equity and $1.8 billion of available liquidity, and expects capital, liquidity, and leverage to be further enhanced upon completion of the Two Harbors deal.

UWM Stock Down 15.0%

UWM stock traded down $0.69 during trading on Wednesday, reaching $3.88. The stock had a trading volume of 24,492,428 shares, compared to its average volume of 18,348,627. UWM has a 52-week low of $3.79 and a 52-week high of $7.14. The business has a 50 day moving average price of $5.02 and a 200 day moving average price of $5.47. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40.

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 632,874 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $4.52, for a total value of $2,860,590.48. Following the transaction, the chief executive officer directly owned 4,596,407 shares in the company, valued at $20,775,759.64. This represents a 12.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 20,152,251 shares of company stock worth $103,851,825 in the last three months. 94.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UWMC. Dimensional Fund Advisors LP raised its holdings in shares of UWM by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 55,509 shares of the company’s stock valued at $243,000 after buying an additional 2,329 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in UWM by 4.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 51,423 shares of the company’s stock valued at $225,000 after acquiring an additional 2,407 shares during the period. Allworth Financial LP raised its stake in UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after acquiring an additional 4,091 shares during the last quarter. Equitable Holdings Inc. lifted its position in UWM by 26.5% during the 3rd quarter. Equitable Holdings Inc. now owns 23,589 shares of the company’s stock worth $144,000 after acquiring an additional 4,943 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of UWM in the 3rd quarter valued at approximately $38,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UWMC has been the topic of a number of recent research reports. The Goldman Sachs Group set a $5.00 price objective on UWM in a research note on Tuesday, January 6th. Wall Street Zen lowered shares of UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Jefferies Financial Group began coverage on shares of UWM in a research report on Friday, December 19th. They set a “hold” rating and a $5.00 price objective for the company. Morgan Stanley set a $6.00 target price on shares of UWM in a report on Tuesday, December 16th. Finally, UBS Group upped their price objective on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.53.

About UWM

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.