---
schema_version: "secwatch.filing_event.v1"
accession: "0001783398-26-000128"
form_type: "8-K"
ticker: "UWMC"
cik: "0001783398"
company_name: "UWM Holdings Corp"
filed_at: "2026-10-23T12:43:05+00:00"
generated_at: "2026-10-23T12:45:09.513721+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# UWM prelim Q3 2026: $33.4B originations, revenue $800-825M, net income $205-220M; FY26 revenue outlook lowered

## Summary
- Loan origination volume $33.4B, including $22.8B purchase and $10.6B refinance; gain margin approximately 124 basis points; total revenue $800-825M.
- Net income $205-220M; adjusted EBITDA $170-190M; loan production income $410-420M; loan servicing income $240-250M; operating expenses $375-385M.
- MSR portfolio ~$270B UPB at ~5.97% weighted average coupon and ~40 bps servicing fee; total equity ~$2.8B; net non-funding debt/equity 1.75-1.80x.
- FY2026 revenue now estimated at $3.35-3.50B, lower than expected earlier in 2026 on weaker industry origination volume; ~8% US residential production share expected.
- Plans to sell $70-80B of MSRs in Q4 2026 for proceeds over $1.8B, plus $400M rights offering, to pay down non-funding debt; outside subscription seen as unlikely.

## SEC filing metadata
- accession: 0001783398-26-000128
- form_type: 8-K
- ticker: UWMC
- cik: 0001783398
- company_name: UWM Holdings Corp
- filed_at: 2026-10-23T12:43:05+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783398/000178339826000128/0001783398-26-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783398/000178339826000128/xbrl-20261023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783398-26-000128
- JSON: https://secwatch.observer/filing/0001783398-26-000128.json
- Plain text: https://secwatch.observer/filing/0001783398-26-000128.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.