Filing Flows › UWM Holdings (UWMC) › Q2 2026 › vs Q2 2025
UWM Holdings (UWMC) Q2 2026 vs Q2 2025 (year over year)
UWM Holdings's revenue rose $129M (+17%) from $759M in Q2 2025 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 37.7% | -38.2% | +75.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $888M | $759M | $129M | +17% |
| Income tax benefit | $21.0M | −$14.9M | $36.0M | — |
| Net loss | $452M | −$314M | $766M | — |
| Costs & expenses | $1.4B | $759M | $602M | +79% |
| Operating costs | $1.4B | $429M | $932M | +217% |
| Operating cash sources | $796M | −$580M | $1.4B | — |
| Depreciation & amortization | $14.2M | $13.5M | $687K | +5% |
| Share-based compensation | $12.5M | $11.7M | $765K | +7% |
| Working capital & other | $769M | −$606M | $1.4B | — |
| Net loss absorbed | $452M | −$314M | $766M | — |
| Operating cash flow | $344M | −$266M | $610M | — |
| Free cash flow (OCF − capex) | $335M | −$290M | $625M | — |
| Capital expenditures | $9.5M | $24.2M | −$14.7M | -61% |
Questions
How much did UWM Holdings's revenue grow year over year in Q2 2026?
UWM Holdings's revenue rose $129M (+17%) from $759M in Q2 2025 to $888M in Q2 2026.