UWM | 10-Q: FY2025 Q2 Revenue: USD 758.7 M

LB filings
2025.08.07 19:27
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Revenue: As of FY2025 Q2, the actual value is USD 758.7 M.

EPS: As of FY2025 Q2, the actual value is USD 0.11.

EBIT: As of FY2025 Q2, the actual value is USD 329.42 M.

Financial Metrics by Segment

Revenue

  • Loan Production Income: $447.9 million for Q2 2025, up from $357.1 million in Q2 2024. For the six months ended June 30, 2025, loan production income was $752.6 million, up from $656.1 million in the same period in 2024.
  • Loan Servicing Income: $178.8 million for Q2 2025, up from $143.9 million in Q2 2024. For the six months ended June 30, 2025, loan servicing income was $369.3 million, up from $328.6 million in the same period in 2024.
  • Interest Income: $132.0 million for Q2 2025, up from $121.4 million in Q2 2024. For the six months ended June 30, 2025, interest income was $250.1 million, up from $223.3 million in the same period in 2024.

Operational Metrics

  • Net Income: $314.5 million for Q2 2025, up from $76.3 million in Q2 2024. For the six months ended June 30, 2025, net income was $67.5 million, down from $256.8 million in the same period in 2024.
  • Operating Costs: $526.8 million for Q2 2025, up from $430.0 million in Q2 2024. For the six months ended June 30, 2025, operating costs were $1,012.4 million, up from $815.7 million in the same period in 2024.

Cash Flow

  • Operating Cash Flow: $328.0 million for the six months ended June 30, 2025, compared to - $3,519.9 million for the same period in 2024.

Unique Metrics

  • Loan Origination Volume: $39.7 billion for Q2 2025, up from $33.6 billion in Q2 2024. For the six months ended June 30, 2025, loan origination volume was $72.1 billion, up from $61.3 billion in the same period in 2024.
  • Average Loan Amount: $380,000 for Q2 2025, compared to $383,000 in Q2 2024. For the six months ended June 30, 2025, the average loan amount was $383,000, compared to $378,000 in the same period in 2024.
  • Weighted Average Loan-to-Value Ratio: 81.97% for Q2 2025, compared to 81.87% in Q2 2024. For the six months ended June 30, 2025, the ratio was 81.83%, compared to 82.09% in the same period in 2024.
  • Weighted Average Credit Score: 735 for Q2 2025, compared to 739 in Q2 2024. For the six months ended June 30, 2025, the score was 736, compared to 737 in the same period in 2024.
  • Weighted Average Note Rate: 6.56% for Q2 2025, compared to 6.89% in Q2 2024. For the six months ended June 30, 2025, the rate was 6.58%, compared to 6.77% in the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue focusing on the wholesale channel, leveraging its proprietary technology platforms, superior service, and partnership with the Independent Mortgage Broker community to drive growth.
  • Non-Core Business: The company intends to opportunistically sell MSRs depending on market conditions to provide funding flexibility and reduce legacy MSR asset exposure.
  • Priority: Emphasis on maintaining liquidity and capital resources to optimize leverage and profitability, and taking advantage of market opportunities.

Outlook or Guidance

  • The company believes that its cash on hand, as well as the sources of liquidity described, will be sufficient to maintain current operations and fund loan originations for the next twelve months.
  • The company also believes it has adequate available liquidity to satisfy the upcoming maturity of the 2025 Senior Notes.
Source: LB filings The copyright of this article belongs to the original author/organization.
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