UWM (NYSE:UWMC) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

UWM (NYSE:UWMC) issued its earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), FiscalAI reports. The company had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%.

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 Performance

NYSE UWMC traded down $0.41 on Wednesday, reaching $4.16. The stock had a trading volume of 51,380,101 shares, compared to its average volume of 19,061,625. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. UWM has a 1 year low of $3.79 and a 1 year 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.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 9.6%.

Insider Activity

In related news, CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $4.52, for a total value of $2,860,590.48. Following the completion of the sale, the chief executive officer owned 4,596,407 shares of the company’s stock, valued at approximately $20,775,759.64. The trade was a 12.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 20,152,251 shares of company stock worth $103,851,825. 94.11% of the stock is owned by insiders.

Institutional Investors Weigh In On UWM

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Weiss Asset Management LP bought a new stake in shares of UWM in the fourth quarter valued at about $85,000. Stifel Financial Corp acquired a new stake in shares of UWM in the fourth quarter valued at approximately $55,000. Integrated Wealth Concepts LLC bought a new stake in shares of UWM in the fourth quarter valued at approximately $59,000. Elevation Point Wealth Partners LLC bought a new stake in shares of UWM in the fourth quarter valued at approximately $58,000. Finally, Harvest Fund Management Co. Ltd bought a new position in UWM during the 3rd quarter worth $62,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UWMC. Jefferies Financial Group assumed coverage on UWM in a report on Friday, December 19th. They set a “hold” rating and a $5.00 price objective on the stock. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research note on Tuesday, January 6th. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Keefe, Bruyette & Woods lifted their price target on UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a report on Thursday, December 18th. Finally, Morgan Stanley set a $6.00 price target on UWM in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, UWM presently has an average rating of “Hold” and a consensus price target of $6.53.

UWM News Summary

Here are the key news stories impacting UWM this week:

• Positive Sentiment: Q4 revenue beat expectations — UWM reported roughly $945M in Q4 revenue versus much lower analyst forecasts, showing stronger-than-expected origination activity and topline strength. View Press Release
• Positive Sentiment: Unusual bullish options flow — traders bought ~54,116 call options (≈+687% vs normal), indicating some market participants are positioning for an upside move. (Options volume reported by market data)
• Positive Sentiment: Industry tailwind noted — coverage highlights that easing interest rates late in 2025 helped UWM’s business activity, supporting origination volumes and margins. Lower interest rates help UWM at end of 2025
• Neutral Sentiment: EPS mixed vs. estimates — UWM reported $0.08 EPS; some outlets say it met the consensus $0.08 while others flag a $0.09 Zacks estimate, so headline EPS reaction is mixed. UWM misses Q4 earnings estimates (Zacks)
• Neutral Sentiment: Full earnings materials and prepared remarks are available for review — investors can read the earnings call transcript and company release to dig into details on originations and margins. Earnings call prepared remarks transcript
• Negative Sentiment: Lowered/soft guidance on revenue range — UWM updated Q1 2026 revenue guidance to $650M–$850M, which sits below consensus midpoint (~$816.5M), increasing concern about near-term top-line momentum. (Guidance update released by company)
• Negative Sentiment: Significant insider selling — CEO Ishbia Mat sold multiple large blocks of shares this month (reported filings show multi-million dollar sales), which can pressure sentiment and raise liquidity concerns. Insider selling report

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.