secwatch.observer — SEC 8-K summary
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Issuer:     UWM Holdings Corp (UWMC)
CIK:        0001783398
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001783398-25-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UWM Holdings posts Q1 net loss of $247M; originations up 17% YoY to $32.4B
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- Net loss of $247M ($0.12 diluted EPS loss) vs net income of $180.5M in Q1 2024; revenue of $613.4M up 5% YoY.
- Loan origination volume $32.4B (highest Q1 since 2022), up 17% YoY; purchase flat at $21.7B, refi surged to $10.6B from $5.5B.
- Total gain margin 94 bps vs 108 bps in Q1 2024; adjusted EBITDA $57.8M vs $101.5M.
- Board declared $0.10/share dividend payable July 10, 2025, record June 18, 2025; unchanged from prior quarter.
- Q2 2025 outlook: production $38-45B, gain margin 90-115 bps; management cites ability to scale with rate changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783398/000178339825000022/0001783398-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783398/000178339825000022/xbrl-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001783398-25-000022

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