UWM Holdings Q4 revenue beats on jump in refinance originations

UWM Holdings

25/02/2026 13:38

Overview

Mortgage lender's Q4 revenue rose, beating analyst expectations

Adjusted EPS for Q4 missed analyst expectations

Company's loan origination volume reached $49.6 bln, highest since 2021

Outlook

Company anticipates 1Q26 revenue between $650 mln and $850 mln

UWM expects strategic moves to enhance broker channel growth

Company sees Two Harbors acquisition unlocking substantial value

Result Drivers

REFINANCE SURGE - Refinance originations jumped to $30.7 bln in Q4 2025 from $16.5 bln in Q3 2025

STRATEGIC INITIATIVES - BILT partnership and pending Two Harbors acquisition expected to enhance broker channel growth and operational efficiency

AI TOOL - New AI-enhanced Income Calculator introduced to streamline loan approval process for brokers

Company press release: ID:nBw14Qv36a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$945.25 mln
$773.99 mln (3 Analysts)
Q4 Adjusted EPS
Miss
$0.08
$0.09 (9 Analysts)
Q4 EPS
$0.08
Q4 Adjusted Net Income
$130.56 mln
Q4 Net Income
$164.48 mln
Q4 Adjusted EBITDA
$232.78 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "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 $6.38, about 39.8% above its February 24 closing price of $4.56

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 15 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.)