Filing Flows › UWM Holdings (UWMC) › Q1 2025
UWM Holdings (UWMC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
UWM Holdings (UWMC) reported revenue of $613M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +9% from the quarter before. Operating margin was -42.5%, net loss $247M (40.3% of revenue).
UWM Holdings, Q1 2025: revenue $613M (+5% year over year), operating margin -42.5%, net loss $247M, operating cash flow $594M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $613M | +9% | +5% |
| Operating profit | −$261M | — | — |
| Net earnings | −$247M | — | — |
| Operating cash flow | $594M | — | — |
| Free cash flow | $576M | — | — |
What changed
Revenue was $613.4M in Q1 2025, up 5% year over year and up 9% from the previous quarter.
Operating costs exceeded revenue by $260.8M, an operating margin of -42.5%. Total costs grew 118% against revenue growth of 5%. The quarter ended with a net loss of $247.0M, after a profit of $40.6M the previous quarter. Minority interests bore $233.3M of it: to shareholders the quarter was a loss of $13.7M.
Operating cash flow was $593.9M. Non-cash charges added back $12.6M of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items added $820.0M. Capital expenditures of $17.8M left free cash flow of $576.1M.
Questions
What was UWM Holdings' revenue in the first quarter 2025?
UWM Holdings (UWMC) reported revenue of $613M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +9% from the quarter before.
Was UWM Holdings profitable in the first quarter 2025?
Operating loss was $261M (-42.5% of revenue) and net loss $247M.
Source: UWM Holdings 10-Q on SEC EDGAR.