UWM Holdings Corporation filed its quarterly report on Form 10-Q with the SEC on November 6, 2026, covering the three and nine months ended September 30, 2026, disclosing a third-quarter net income of $212.6 million and a significant increase in mortgage servicing rights.

Key Highlights

  • Third-quarter net income: $212,570 thousand, compared to $12,088 thousand in the same period of 2025, according to the filing.
  • Nine-month net loss: $(68,958) thousand for the nine months ended September 30, 2026, versus net income of $79,539 thousand for the same period in 2025.
  • Mortgage servicing rights (MSR): Reported at $6,527,159 thousand as of September 30, 2026, up from $4,073,781 thousand at December 31, 2025.
  • Total revenue (nine months): $2,600,523 thousand for the nine months ended September 30, 2026, compared to $2,215,322 thousand in the prior-year period.
  • Redeemable preferred stock issued: Series A-1 (1,500,000 shares, current redemption value $2,100,000 thousand) and Series A-2 (150,000 shares, current redemption value $210,000 thousand), both new as of September 30, 2026, with no comparable balance at December 31, 2025.
  • Class A shares outstanding: 345,222,915 as of November 4, 2026, up from 268,415,480 at December 31, 2025.
  • Basic and diluted EPS (Q3 2026): $0.09 per Class A common share, compared to $(0.01) in Q3 2025.

UWM Holdings Q3 2026 Financial Results: MSR Growth and Preferred Stock Issuance Shape the Quarter

UWM Holdings Corporation (NYSE:UWMC) reported third-quarter 2026 net income of $212,570 thousand, a marked improvement from the $12,088 thousand reported in the third quarter of 2025, according to the filing. Total revenue for the three months ended September 30, 2026 was $811,093 thousand, compared to $843,252 thousand in the prior-year quarter. For the nine-month period, total revenue reached $2,600,523 thousand, up from $2,215,322 thousand, the filing disclosed.

The filing reported that "other gains (losses)" were significantly affected by derivative activity. The change in fair value of mortgage servicing rights contributed a gain of $470,324 thousand in Q3 2026, compared to a loss of $(307,825) thousand in Q3 2025. However, the gain (loss) on other interest rate derivatives was $(481,537) thousand in Q3 2026, versus a gain of $27,813 thousand in Q3 2025. For the nine-month period, the net effect of these items produced other losses, net of $(885,620) thousand. Total assets grew to $18,810,561 thousand as of September 30, 2026, from $16,928,676 thousand at December 31, 2025, with the increase in mortgage servicing rights from $4,073,781 thousand to $6,527,159 thousand a primary driver, according to the filing.

The company disclosed the issuance of two series of redeemable preferred stock during the period, with Series A-1 carrying a current redemption value of $2,100,000 thousand and Series A-2 carrying a current redemption value of $210,000 thousand. The combined carrying value of total redeemable preferred stock was $1,500,150 thousand as of September 30, 2026, with no such balance recorded at December 31, 2025. Preferred stock dividends of $26,125 thousand were recognized in Q3 2026, reducing net income available to Class A common shareholders to $29,397 thousand for the quarter. For the nine months ended September 30, 2026, net loss available to Class A common shareholders was $(25,896) thousand, the filing stated.

What Was Disclosed

UWM Holdings filed its Form 10-Q for the quarter ended September 30, 2026, reporting third-quarter net income of $212,570 thousand, a nine-month net loss of $(68,958) thousand, significant mortgage servicing rights growth, and the issuance of two series of redeemable preferred stock totaling a combined current redemption value of $2,310,000 thousand.