UWM Holdings (UWMC) Research & Development (2020 - 2026)
UWM Holdings (UWMC) reported Research & Development of $30.9 million for Q1 2026, up 39.15% year-over-year from $22.2 million in Q1 2025, and down 9.75% quarter-over-quarter from $34.2 million in Q4 2025.
UWM Holdings (UWMC) Research & Development (2020 - 2026) Analysis & Trends
UWM Holdings (UWMC) has 7 years of Research & Development data on file, last reported at $30.9 million in Q1 2026.
- Research & Development for Q1 2026 came in at $30.9 million, up 39.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $114.9 million (up 15.04% YoY), and the FY2025 annual result was $106.2 million, up 9.72% from the prior year.
- Research & Development eased to $30.9 million in Q1 2026 per UWMC's latest filing, from $34.2 million in the prior quarter.
- Over five years, Research & Development peaked at $34.2 million in Q4 2025 and troughed at $12.8 million in Q1 2022.
- A 5-year average of $23.1 million and a median of $22.5 million in 2024 frame the typical range for Research & Development.
- On a YoY basis, Research & Development climbed as much as 82.04% in 2022 and fell as far as 9.31% in 2022.
- A 5-year view of Research & Development shows it stood at $23.0 million in 2022, then grew by 11.42% to $25.6 million in 2023, then gained by 20.2% to $30.8 million in 2024, then grew by 11.18% to $34.2 million in 2025, then retreated by 9.75% to $30.9 million in 2026.
- Business Quant data shows UWMC's Research & Development at $30.9 million in Q1 2026, $34.2 million in Q4 2025, and $23.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 34.85 Bn | 32.16 Bn | - | - |
| 2 | PennyMac Financial Services | 4.14 Bn | 3.65 Bn | 523.89 Mn | 46.13 Mn |
| 3 | Walker & Dunlop | 1.73 Bn | 1.55 Bn | - | - |
| 4 | UWM Holdings | 743.45 Mn | 1.57 Bn | - | 30.88 Mn |
| 5 | Velocity Financial | 668.42 Mn | 583.96 Mn | - | - |
| 6 | CNFinance Holdings | 591.78 Mn | 542.97 Mn | - | - |
| 7 | Better Home & Finance Holding | 419.52 Mn | 349.24 Mn | - | 8.36 Mn |
| 8 | Onity | 306.24 Mn | 306.24 Mn | - | 17.50 Mn |
| 9 | loanDepot | 209.70 Mn | -4.79 Mn | - | - |
| 10 | Greystone Housing Impact Investors | 120.06 Mn | 120.06 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.88 Mn |
| Dec 31, 2025 | 34.21 Mn |
| Sep 30, 2025 | 23.41 Mn |
| Jun 30, 2025 | 26.38 Mn |
| Mar 31, 2025 | 22.19 Mn |
| Dec 31, 2024 | 30.77 Mn |
| Sep 30, 2024 | 22.46 Mn |
| Jun 30, 2024 | 24.44 Mn |
| Mar 31, 2024 | 19.11 Mn |
| Dec 31, 2023 | 25.60 Mn |
| Sep 30, 2023 | 20.12 Mn |
| Jun 30, 2023 | 21.59 Mn |
| Mar 31, 2023 | 17.21 Mn |
| Dec 31, 2022 | 22.98 Mn |
| Sep 30, 2022 | 17.73 Mn |
| Jun 30, 2022 | 20.63 Mn |
| Mar 31, 2022 | 12.84 Mn |
| Dec 31, 2021 | 25.33 Mn |
| Sep 30, 2021 | 14.14 Mn |
| Jun 30, 2021 | 11.33 Mn |