UWM Holdings Q1 revenue rises, helped by higher loan origination volume

UWM Holdings

06/05/2026 13:40

Overview

U.S. wholesale mortgage lender's Q1 revenue rose yr/yr

Net income swung to $170.4 mln from a loss in the prior-year quarter

Loan origination volume grew 39% yr/yr to $44.9 bln, second-highest Q1 in company history

Outlook

Company expects substantially all loans to be serviced in-house by October 2026

UWM says it is positioned to perform through all market cycles regardless of interest rate changes

Result Drivers

ORIGINATION VOLUME - Higher loan origination volume, up 39% yr/yr to $44.9 bln, supported revenue growth

REFINANCE ACTIVITY - Refinance originations more than doubled yr/yr, offsetting lower purchase volumes

TECHNOLOGY & AI - Use of proprietary technology and AI-powered tools drove operational efficiency and loan wins, per CEO Mat Ishbia

Company press release: ID:nBw7HCwTwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$901.43 mln
Q1 EPS
$0.09
Q1 Adjusted Net Income
$137.15 mln
Q1 Net Income
$170.37 mln
Q1 Adjusted EBITDA
$160.91 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer lending peer group is "buy"

Wall Street's median 12-month price target for UWM Holdings Corp is $6.00, about 74.9% above its May 5 closing price of $3.43

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)