UWMC$1.60+1.91%
UWM Holdings Corp
Sector: Mortgage Bankers & Loan CorrespondentsIndustry: Financial - MortgagesCountry: USExchange: NYSE
Mkt Cap:$2.57B
Float & O/S:
Inst Own:
DilutionScan read 25 of UWM Holdings Corp's SEC filings and found 6 warrant series, 3 convertibles, 1 shelf registration and 1 completed offering on file for UWMC. The latest dilution event on file is an offering on Aug 5, 2026. Analysis updated Oct 27, 2026.
Signal8 Summary
UWMC
Growing lender, severe dilution underway
- Business
- MixedRevenue +66% YoY, 58% op margin, net margin under 1%
- Stock risk
- High461% potential dilution, share count +90% YoY, beta 1.82
Snapshot
UWM is a wholesale mortgage lender whose revenue jumped 65.8% to $3.16B in FY 2025 with a 58% operating margin, yet net income was just $27.4M, a thin sliver of revenue.
What's Happening Right Now
- : UWM's $400M rights offering (up to 200M new Class A shares at the greater of $2.00 or 85% of recent trading price, backstopped by SFS Group and Oaktree) moved toward pricing with an Oct 27, 2026 prospectus supplement that also disclosed preliminary Q3 2026 results: $33.4B of origination volume, $800-825M revenue and $205-220M net income.
- : On Oct 27, 2026, Lifshitz Law PLLC named UWM Holdings in a batch announcement soliciting investors for a securities-law investigation, alongside three unrelated issuers; no lawsuit or disclosure accompanies the announcement.
- : On Oct 7, 2026, UWMC shares fell to $1.17, down about 80% from their 2026 high, as mortgage lenders broadly dropped on a jump in mortgage rates.
- : On Oct 6, 2026, UWM rolled out a credit scoring enhancement that automatically selects the stronger of a borrower's FICO and VantageScore 4.0 scores to lower payments and fees for brokers' clients.
- : Registered additional securities for sale on Form S-3ASR.
- : Raised $1.65B in gross proceeds through a private placement (PIPE), with warrants over 330.00M shares.
