Filing Flows › UWM Holdings (UWMC) › Q2 2026 › vs Q1 2026
UWM Holdings (UWMC) Q2 2026 vs Q1 2026 (quarter over quarter)
UWM Holdings's revenue fell $13.4M (-1%) from $901M in Q1 2026 to $888M in Q2 2026.
UWM Holdings, Q2 2026: revenue $888M (+17% year over year), operating margin -53.3%, net loss $452M, operating cash flow $344M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 37.7% | -249.5% | +287.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $888M | $901M | −$13.4M | -1% |
| Income tax benefit | $21.0M | −$7.1M | $28.1M | — |
| Net loss | $452M | −$170M | $622M | — |
| Costs & expenses | $1.4B | $901M | $459M | +51% |
| Operating costs | $1.4B | $724M | $637M | +88% |
| Operating cash sources | $796M | −$2.4B | $3.2B | — |
| Depreciation & amortization | $14.2M | $15.6M | −$1.4M | -9% |
| Share-based compensation | $12.5M | $13.2M | −$668K | -5% |
| Working capital & other | $769M | −$2.4B | $3.2B | — |
| Net loss absorbed | $452M | −$170M | $622M | — |
| Operating cash flow | $344M | −$2.2B | $2.6B | — |
| Free cash flow (OCF − capex) | $335M | −$2.2B | $2.6B | — |
| Capital expenditures | $9.5M | $19.1M | −$9.6M | -50% |
Questions
How much did UWM Holdings's revenue grow quarter over quarter in Q2 2026?
UWM Holdings's revenue fell $13.4M (-1%) from $901M in Q1 2026 to $888M in Q2 2026.