UWM (NYSE:UWMC) Posts Earnings Results, Meets Expectations

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

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

Shares of UWMC stock traded down $0.69 during trading hours on Wednesday, reaching $3.88. 24,492,428 shares of the company’s stock were exchanged, compared to its average volume of 18,348,627. UWM has a fifty-two week low of $3.79 and a fifty-two week high of $7.14. The stock’s 50 day moving average is $5.02 and its 200-day moving average is $5.47. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. The Goldman Sachs Group set a $5.00 price objective on UWM in a report on Tuesday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Morgan Stanley set a $6.00 target price on shares of UWM in a research report on Tuesday, December 16th. Finally, UBS Group boosted their price target on shares of UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, UWM currently has an average rating of “Hold” and a consensus target price of $6.53.

Insiders Place Their Bets

In related news, CEO Ishbia Mat sold 632,874 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08. Following the completion of the transaction, the chief executive officer directly owned 979,871 shares of the company’s stock, valued at $4,331,029.82. This trade represents a 39.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 20,152,251 shares of company stock worth $103,851,825. 94.11% of the stock is owned by insiders.

Institutional Trading of UWM

A number of hedge funds and other institutional investors have recently made changes to their positions in UWMC. Dynamic Technology Lab Private Ltd purchased a new stake in UWM during the 1st quarter worth approximately $92,000. Focus Partners Wealth purchased a new position in UWM in the 1st quarter valued at $55,000. Cetera Investment Advisers boosted its stake in UWM by 20.5% during the 2nd quarter. Cetera Investment Advisers now owns 112,961 shares of the company’s stock worth $468,000 after purchasing an additional 19,239 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of UWM by 65.9% during the second quarter. Legal & General Group Plc now owns 180,164 shares of the company’s stock worth $746,000 after buying an additional 71,555 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of UWM by 18.5% in the second quarter. Rhumbline Advisers now owns 115,501 shares of the company’s stock valued at $478,000 after buying an additional 18,034 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Company Profile

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.