UWM Holdings Corp

UWMC · Mortgage Bankers & Loan Correspondents · 103.1M shares · -51%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: $68M (gross $82M, SBC $14M)

Reference price $3.39 · est. market cap ~$350M — last insider sale, 2026-05-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C64

UWM Holdings — largest US wholesale mortgage lender, rate-cycle-exposed.

Strengths

Net income +90% (80th pct); dominant broker-channel share
Strong cash position (76th)

Risks

Thin net margin; negative reported FCF (warehouse, 1st pct)
Mortgage-rate-cycle and MSR-valuation sensitivity

Notable findings

Cash burnNegative free cash flow (-2721.6M)
Buying back stockNet buyback — share count -51%/yr over 4y
Insider sellingInsider selling — 89 open-market sale(s) by 1 insider(s) (~$296M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $759M2025-09-30 · $843M2025-12-31 · $945M2026-03-31 · $901M

Last 4 quarters · from SEC filings.

Key metrics

Net margin

0.9%

Return on assets

0.2%

Revenue growth (QoQ)

-4.6%

Net-income growth

90.1%

Free cash flow

-$2.7B

Cash & investments

$503M

Cash runway

Stock comp / revenue

1.6%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-05-19	Wilner Melinda	Tax withheld	662K	$2.92
2026-05-19	Elezaj Alex	Tax withheld	662K	$2.92
2026-05-19	Elezaj Alex	Option exercise	1.6M	$2.92
2026-05-19	Wilner Melinda	Option exercise	1.6M	$2.92
2026-05-08	Mat Ishbia	Sell	1.0M	$3.39
2026-05-07	Mat Ishbia	Conversion	14K	—
2026-05-07	Mat Ishbia	Sell	1.0M	$3.39
2026-05-06	Mat Ishbia	Sell	1.0M	$3.66
2026-05-05	Mat Ishbia	Sell	1.0M	$3.45
2026-05-04	Mat Ishbia	Sell	1.0M	$3.57
2026-05-01	Mat Ishbia	Conversion	3.6M	—
2026-05-01	Mat Ishbia	Sell	1.0M	$3.62
2026-04-30	Mat Ishbia	Sell	934K	$3.53
2026-04-29	Mat Ishbia	Sell	1.0M	$3.50
2026-04-28	Mat Ishbia	Sell	987K	$3.66
2026-04-27	Mat Ishbia	Sell	1.0M	$3.78
2026-04-24	Mat Ishbia	Sell	1.0M	$3.75
2026-04-23	Mat Ishbia	Sell	1.0M	$3.65
2026-04-22	Mat Ishbia	Sell	1.0M	$3.70
2026-04-21	Mat Ishbia	Sell	1.0M	$3.82
2026-04-20	Mat Ishbia	Sell	1.0M	$3.94
2026-04-17	Mat Ishbia	Sell	1.0M	$3.93
2026-04-16	Mat Ishbia	Sell	1.0M	$3.76
2026-04-15	Mat Ishbia	Conversion	11.0M	—
2026-04-15	Mat Ishbia	Sell	1.0M	$3.78
2026-04-14	Mat Ishbia	Sell	1.0M	$3.71
2026-04-13	Mat Ishbia	Sell	1.0M	$3.66
2026-04-10	Mat Ishbia	Sell	1.0M	$3.71
2026-04-09	Mat Ishbia	Sell	1.0M	$3.91
2026-04-08	Mat Ishbia	Sell	1.0M	$3.87
2026-04-07	Mat Ishbia	Sell	1.0M	$3.61
2026-04-06	Mat Ishbia	Sell	1.0M	$3.73
2026-04-02	Mat Ishbia	Sell	1.0M	$3.69
2026-04-01	Mat Ishbia	Conversion	11.0M	—
2026-04-01	Mat Ishbia	Sell	1.0M	$3.63
2026-03-31	Mat Ishbia	Sell	1.0M	$3.55
2026-03-30	Mat Ishbia	Sell	1.0M	$3.52
2026-03-27	Mat Ishbia	Sell	1.0M	$3.49
2026-03-26	Mat Ishbia	Sell	1.0M	$3.46
2026-03-25	Mat Ishbia	Sell	1.0M	$3.55
2026-03-24	Mat Ishbia	Sell	1.0M	$3.63
2026-03-23	Mat Ishbia	Sell	1.0M	$3.72
2026-03-20	Mat Ishbia	Sell	1.0M	$3.60
2026-03-19	Mat Ishbia	Sell	1.0M	$3.67
2026-03-18	Mat Ishbia	Sell	1.0M	$3.73
2026-03-17	Mat Ishbia	Sell	1.0M	$3.67
2026-03-16	Mat Ishbia	Sell	1.0M	$3.70
2026-03-16	Mat Ishbia	Conversion	11.0M	—
2026-03-13	Mat Ishbia	Sell	633K	$3.69
2026-03-12	Mat Ishbia	Sell	633K	$3.78
2026-03-11	Mat Ishbia	Sell	633K	$3.91
2026-03-10	Mat Ishbia	Sell	633K	$4.13
2026-03-09	Mat Ishbia	Sell	633K	$3.78
2026-03-06	Mat Ishbia	Sell	633K	$3.94
2026-03-05	Mat Ishbia	Sell	633K	$4.11
2026-03-04	Mat Ishbia	Sell	633K	$4.23
2026-03-03	Mat Ishbia	Sell	633K	$4.25
2026-03-02	Mat Ishbia	Conversion	6.6M	—
2026-03-02	Mat Ishbia	Sell	633K	$4.35
2026-02-27	Mat Ishbia	Option exercise	181K	$4.41
2026-02-27	HASANI RAMI	Option exercise	4.7K	$4.41
2026-02-27	HASANI RAMI	Tax withheld	1.4K	$4.41
2026-02-27	WOLFE ADAM A	Option exercise	2.8K	$4.41
2026-02-27	WOLFE ADAM A	Tax withheld	807	$4.41
2026-02-27	Elezaj Alex	Option exercise	16K	$4.41
2026-02-27	Elezaj Alex	Tax withheld	4.6K	$4.41
2026-02-27	Lawson Laura	Option exercise	11K	$4.41
2026-02-27	Lawson Laura	Tax withheld	3.1K	$4.41
2026-02-27	Wilner Melinda	Option exercise	17K	$4.41
2026-02-27	Wilner Melinda	Tax withheld	5.1K	$4.41
2026-02-27	Mat Ishbia	Tax withheld	53K	$4.41
2026-02-27	Mat Ishbia	Sell	633K	$4.44
2026-02-26	Mat Ishbia	Sell	633K	$4.40
2026-02-25	Mat Ishbia	Sell	633K	$4.03
2026-02-24	Mat Ishbia	Sell	633K	$4.51
2026-02-23	Mat Ishbia	Sell	633K	$4.52
2026-02-20	Mat Ishbia	Sell	633K	$4.64
2026-02-19	Mat Ishbia	Sell	633K	$4.77
2026-02-18	Mat Ishbia	Sell	633K	$4.85
2026-02-17	Mat Ishbia	Sell	633K	$4.88
2026-02-17	Mat Ishbia	Conversion	6.6M	—
2026-02-13	Mat Ishbia	Sell	633K	$4.94
2026-02-12	Mat Ishbia	Sell	633K	$4.73
2026-02-11	Mat Ishbia	Sell	633K	$4.66
2026-02-10	Mat Ishbia	Sell	633K	$4.83
2026-02-09	Mat Ishbia	Sell	633K	$4.61
2026-02-06	Mat Ishbia	Sell	633K	$4.84
2026-02-05	Mat Ishbia	Sell	633K	$5.10
2026-02-04	Mat Ishbia	Sell	633K	$5.05
2026-02-03	Mat Ishbia	Sell	633K	$5.21
2026-02-02	Mat Ishbia	Sell	633K	$5.20
2026-02-02	Mat Ishbia	Conversion	6.6M	—
2026-01-30	Mat Ishbia	Sell	633K	$5.00
2026-01-29	Mat Ishbia	Sell	633K	$5.76
2026-01-28	Mat Ishbia	Sell	633K	$5.89
2026-01-27	Mat Ishbia	Sell	633K	$5.81
2026-01-26	Mat Ishbia	Sell	633K	$5.75
2026-01-23	Mat Ishbia	Sell	633K	$5.85
2026-01-22	Mat Ishbia	Sell	633K	$5.87
2026-01-21	Mat Ishbia	Sell	633K	$5.75
2026-01-20	Mat Ishbia	Sell	633K	$5.82
2026-01-16	Mat Ishbia	Conversion	6.6M	—
2026-01-16	Mat Ishbia	Sell	633K	$6.04
2026-01-15	Mat Ishbia	Sell	633K	$5.72
2026-01-14	Mat Ishbia	Sell	633K	$5.46
2026-01-13	Mat Ishbia	Sell	633K	$5.37
2026-01-12	Mat Ishbia	Sell	633K	$5.35
2026-01-09	Mat Ishbia	Sell	633K	$5.27
2026-01-08	Mat Ishbia	Sell	633K	$4.73
2026-01-07	Mat Ishbia	Sell	633K	$4.70
2026-01-06	Mat Ishbia	Sell	633K	$4.45
2026-01-05	Mat Ishbia	Sell	633K	$4.43
2026-01-02	Mat Ishbia	Conversion	6.6M	—
2026-01-02	Mat Ishbia	Sell	633K	$4.42
2025-12-31	Mat Ishbia	Sell	633K	$4.37
2025-12-30	Mat Ishbia	Sell	633K	$4.43
2025-12-29	Mat Ishbia	Sell	633K	$4.42
2025-12-26	Mat Ishbia	Sell	633K	$4.57
2025-12-24	Mat Ishbia	Sell	450K	$4.66
2025-12-23	Mat Ishbia	Sell	402K	$4.70
2025-12-12	Mat Ishbia	Sell	612K	$5.47
2025-12-11	Mat Ishbia	Sell	612K	$5.63
2025-12-10	Mat Ishbia	Sell	612K	$5.60
2025-12-09	Mat Ishbia	Sell	612K	$5.54
2025-12-08	Mat Ishbia	Sell	612K	$5.67
2025-12-05	Mat Ishbia	Sell	612K	$5.78
2025-12-04	Mat Ishbia	Sell	612K	$5.74
2025-12-03	Mat Ishbia	Sell	612K	$5.71
2025-12-02	Mat Ishbia	Sell	612K	$5.80
2025-12-01	Mat Ishbia	Sell	612K	$5.80
2025-12-01	Mat Ishbia	Conversion	6.8M	—
2025-11-28	Mat Ishbia	Sell	437K	$5.85
2025-11-26	Mat Ishbia	Sell	596K	$5.81
2025-11-25	Mat Ishbia	Sell	596K	$5.60
2025-11-24	Mat Ishbia	Sell	596K	$5.21
2025-11-21	Mat Ishbia	Sell	596K	$5.09
2025-11-20	Mat Ishbia	Sell	596K	$4.98
2025-11-19	Mat Ishbia	Sell	596K	$4.96
2025-11-18	Mat Ishbia	Sell	596K	$4.93
2025-11-17	Mat Ishbia	Sell	596K	$4.94
2025-11-17	Mat Ishbia	Conversion	6.8M	—
2025-11-14	Mat Ishbia	Sell	596K	$5.11
2025-11-13	Mat Ishbia	Sell	596K	$5.27
2025-11-12	Mat Ishbia	Sell	596K	$5.47
2025-11-11	Mat Ishbia	Sell	596K	$5.45
2025-11-10	Mat Ishbia	Sell	596K	$5.47
2025-11-07	Mat Ishbia	Sell	596K	$5.18
2025-11-06	Mat Ishbia	Sell	596K	$5.25
2025-11-05	Mat Ishbia	Sell	596K	$5.69
2025-11-04	Mat Ishbia	Sell	596K	$5.76
2025-11-03	Mat Ishbia	Sell	596K	$5.76
2025-11-03	Mat Ishbia	Conversion	6.8M	—
2025-10-31	Mat Ishbia	Sell	596K	$5.59
2025-10-30	Mat Ishbia	Sell	596K	$5.56
2025-10-29	Mat Ishbia	Sell	596K	$5.70
2025-10-28	Mat Ishbia	Sell	596K	$5.82
2025-10-27	Mat Ishbia	Sell	596K	$5.83
2025-10-24	Mat Ishbia	Sell	596K	$5.87
2025-10-23	Mat Ishbia	Sell	596K	$5.75
2025-10-22	Mat Ishbia	Sell	596K	$5.73
2025-10-21	Mat Ishbia	Sell	596K	$5.67
2025-10-20	Mat Ishbia	Sell	596K	$5.56
2025-10-17	Mat Ishbia	Sell	596K	$5.37
2025-10-16	Mat Ishbia	Sell	596K	$5.26
2025-10-15	Mat Ishbia	Conversion	6.8M	—
2025-10-15	Mat Ishbia	Conversion	6.8M	—
2025-10-15	Mat Ishbia	Sell	596K	$5.39
2025-10-14	Mat Ishbia	Sell	596K	$5.38
2025-10-13	Mat Ishbia	Sell	596K	$5.27
2025-10-10	Mat Ishbia	Sell	596K	$5.34
2025-10-09	Mat Ishbia	Sell	596K	$5.30
2025-10-08	Mat Ishbia	Sell	596K	$5.40
2025-10-07	Mat Ishbia	Sell	596K	$5.39
2025-10-06	Mat Ishbia	Sell	596K	$5.69
2025-10-03	Mat Ishbia	Sell	596K	$5.99
2025-10-02	Mat Ishbia	Sell	596K	$6.06
2025-10-01	Mat Ishbia	Conversion	6.8M	—
2025-10-01	Mat Ishbia	Sell	596K	$6.22
2025-09-30	Mat Ishbia	Sell	596K	$6.09
2025-09-29	Mat Ishbia	Sell	596K	$6.11
2025-09-26	Mat Ishbia	Sell	596K	$6.23
2025-09-25	Mat Ishbia	Sell	596K	$6.25
2025-09-24	Mat Ishbia	Sell	596K	$6.42
2025-09-23	Mat Ishbia	Sell	596K	$6.42
2025-09-22	Mat Ishbia	Sell	596K	$6.23
2025-09-19	Mat Ishbia	Sell	596K	$6.45
2025-09-18	Mat Ishbia	Sell	596K	$6.56
2025-09-17	Mat Ishbia	Sell	596K	$6.81
2025-09-16	Mat Ishbia	Sell	596K	$6.66
2025-09-15	Mat Ishbia	Conversion	6.8M	—
2025-09-15	Mat Ishbia	Sell	596K	$6.84
2025-09-12	Mat Ishbia	Sell	400K	$6.88
2025-09-11	Mat Ishbia	Sell	400K	$6.99
2025-09-10	Mat Ishbia	Sell	400K	$6.77
2025-09-09	Mat Ishbia	Sell	400K	$6.40
2025-09-08	Mat Ishbia	Sell	400K	$6.44
2025-09-05	Mat Ishbia	Sell	400K	$6.25
2025-09-04	Mat Ishbia	Sell	400K	$5.81
2025-09-03	Mat Ishbia	Sell	400K	$5.65
2025-09-02	Mat Ishbia	Conversion	4.2M	—
2025-09-02	HASANI RAMI	Option exercise	2.5K	—
2025-09-02	HASANI RAMI	Tax withheld	728	$5.70
2025-09-02	Mat Ishbia	Sell	400K	$5.59
2025-08-29	Mat Ishbia	Sell	400K	$5.70
2025-08-28	Mat Ishbia	Sell	400K	$5.56
2025-08-27	Mat Ishbia	Sell	400K	$5.68
2025-08-26	Mat Ishbia	Sell	400K	$5.77
2025-08-25	Mat Ishbia	Sell	400K	$5.73
2025-08-22	Mat Ishbia	Sell	400K	$5.78
2025-08-21	Mat Ishbia	Sell	400K	$5.36
2025-08-20	Mat Ishbia	Sell	400K	$5.60
2025-08-19	Mat Ishbia	Sell	400K	$5.57
2025-08-18	Mat Ishbia	Sell	400K	$5.35
2025-08-15	Mat Ishbia	Conversion	4.2M	—
2025-08-15	Mat Ishbia	Sell	400K	$5.39
2025-08-14	Mat Ishbia	Sell	400K	$5.45
2025-08-13	Mat Ishbia	Sell	400K	$5.45
2025-08-12	Mat Ishbia	Sell	400K	$4.91
2025-08-11	Mat Ishbia	Sell	400K	$4.58
2025-08-08	Mat Ishbia	Sell	400K	$4.58
2025-08-07	Mat Ishbia	Sell	400K	$4.61
2025-08-06	Mat Ishbia	Sell	400K	$4.25
2025-08-05	Mat Ishbia	Sell	400K	$4.31
2025-08-04	Mat Ishbia	Sell	400K	$4.25
2025-08-01	Mat Ishbia	Sell	400K	$4.19
2025-08-01	Mat Ishbia	Conversion	4.2M	—
2025-07-31	Mat Ishbia	Sell	400K	$4.02
2025-07-30	Mat Ishbia	Sell	400K	$4.10
2025-07-29	Mat Ishbia	Sell	400K	$4.23
2025-07-28	Mat Ishbia	Sell	400K	$4.24
2025-07-25	Mat Ishbia	Sell	400K	$4.23
2025-07-24	Mat Ishbia	Sell	400K	$4.42
2025-07-23	Mat Ishbia	Sell	400K	$4.65
2025-07-22	Mat Ishbia	Sell	400K	$4.57
2025-07-21	Mat Ishbia	Sell	400K	$4.40
2025-07-18	Mat Ishbia	Sell	400K	$4.20
2025-07-17	Mat Ishbia	Sell	400K	$4.18
2025-07-16	Mat Ishbia	Sell	400K	$4.17
2025-07-15	Mat Ishbia	Sell	400K	$4.20
2025-07-15	Mat Ishbia	Conversion	4.2M	—
2025-07-14	Mat Ishbia	Sell	400K	$4.22
2025-07-11	Mat Ishbia	Sell	400K	$4.14
2025-07-10	Mat Ishbia	Sell	400K	$4.13
2025-07-09	Mat Ishbia	Sell	400K	$4.26
2025-07-08	Mat Ishbia	Sell	400K	$4.13
2025-07-07	Mat Ishbia	Sell	400K	$4.05
2025-07-03	Mat Ishbia	Sell	400K	$4.25
2025-07-02	Mat Ishbia	Sell	400K	$4.32
2025-07-01	Mat Ishbia	Conversion	4.2M	—
2025-07-01	Mat Ishbia	Sell	400K	$4.23
2025-06-30	Mat Ishbia	Sell	400K	$4.13
2025-06-27	Mat Ishbia	Sell	400K	$4.12
2025-06-26	Mat Ishbia	Sell	400K	$4.15
2025-06-25	Mat Ishbia	Sell	400K	$4.14
2025-06-24	Mat Ishbia	Sell	400K	$4.25
2025-06-23	Mat Ishbia	Sell	400K	$4.10
2025-06-20	Mat Ishbia	Sell	400K	$4.02
2025-06-18	Mat Ishbia	Sell	400K	$3.93
2025-06-17	Mat Ishbia	Sell	400K	$3.99
2025-06-13	Mat Ishbia	Conversion	4.5M	—
2025-03-31	Mat Ishbia	Conversion	13.0M	—
2025-03-31	Mat Ishbia	Sell	13.0M	—
2025-03-14	Mat Ishbia	Conversion	29.5M	—
2025-03-14	Mat Ishbia	Sell	29.5M	—
2025-02-28	WOLFE ADAM A	Option exercise	1.2K	$6.28
2025-02-28	WOLFE ADAM A	Tax withheld	403	$6.28
2025-02-28	Elezaj Alex	Option exercise	8.6K	$6.28
2025-02-28	Elezaj Alex	Tax withheld	2.7K	$6.28
2025-02-28	Lawson Laura	Option exercise	5.7K	$6.28
2025-02-28	Lawson Laura	Tax withheld	1.7K	$6.28
2025-02-28	Hubacker Andrew	Option exercise	5.7K	$6.28
2025-02-28	Hubacker Andrew	Tax withheld	1.7K	$6.28
2025-02-28	Wilner Melinda	Option exercise	9.4K	$6.28
2025-02-28	Wilner Melinda	Tax withheld	2.8K	$6.28
2025-02-28	Mat Ishbia	Option exercise	153K	$6.28
2025-02-28	Mat Ishbia	Tax withheld	45K	$6.28

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-03	Shareholder vote	filing ↗
2026-05-13	Reg FDExhibits	filing ↗
2026-05-12	Reg FDExhibits	filing ↗
2026-05-11	Reg FDExhibits	filing ↗
2026-05-06	ResultsReg FDExhibits	filing ↗
2026-05-04	Reg FDExhibits	filing ↗
2026-05-01	Reg FDExhibits	filing ↗
2026-03-16	Other	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-03	2026-06-03	0001783398-26-000092 ↗
8-K	2026-05-13	2026-05-13	0001783398-26-000071 ↗
8-K	2026-05-12	2026-05-12	0001783398-26-000063 ↗
10-Q	2026-05-11	2026-03-31	0001783398-26-000051 ↗
8-K	2026-05-11	2026-05-11	0001783398-26-000053 ↗
8-K	2026-05-06	2026-05-06	0001783398-26-000047 ↗
8-K	2026-05-04	2026-05-04	0001783398-26-000041 ↗
8-K	2026-05-01	2026-04-30	0001783398-26-000034 ↗
8-K	2026-03-16	2026-03-16	0001783398-26-000031 ↗
8-K	2026-03-11	2026-03-11	0001783398-26-000026 ↗
8-K	2026-03-10	2026-03-09	0001783398-26-000021 ↗
8-K	2026-02-27	2026-02-26	0001783398-26-000018 ↗