Below are the financial statements of UWM Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in thousands of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Revenue | — | — | — |
Loan production income | 1,528,840a | 1,000,547a | 981,988a |
Loan servicing income | 636,665a | 818,703a | 792,072a |
Change in fair value of mortgage servicing rights | -294,999a | -854,148a | 284,104a |
Loss on other interest rate derivatives | -215,436a | 0a | 0a |
Interest income | 508,621a | 346,225a | 314,462a |
Total revenue, net | 2,163,691a | 1,311,327a | 2,372,626a |
Expenses | — | — | — |
Salaries, commissions and benefits | -689,160a | -530,231a | -552,886a |
Direct loan production costs | -190,277a | -104,262a | -90,369a |
Marketing, travel, and entertainment | -96,782a | -84,515a | -74,168a |
Depreciation and amortization | -45,474a | -46,146a | -45,235a |
General and administrative | -209,838a | -170,423a | -179,549a |
Servicing costs | -110,986a | -131,792a | -166,024a |
Interest expense | -490,763a | -320,256a | -305,987a |
Other expense (income) | -5,546a | -5a | 23,739a |
Total expenses | -1,827,734a | -1,387,620a | -1,437,957a |
Earnings (loss) before income taxes | 335,957a | -76,293a | 934,669a |
Provision (benefit) for income taxes | -6,582a | -6,511a | -2,811a |
Net income (loss) | 329,375a | -69,782a | 931,858a |
Net income (loss) attributable to non-controlling interest | 314,971a | -56,552a | 890,143a |
Net income (loss) attributable to UWM Holdings Corporation | 14,404a | -13,230a | 41,715a |
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