UWM Holdings (UWMC) Research & Development (2020 - 2026)
UWM Holdings (UWMC) posted quarterly 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 reported Research & Development for 7 consecutive years, with $30.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 39.15% year-over-year to $30.9 million; the TTM figure through Mar 2026 stood at $114.9 million (up 15.04% YoY), while the FY2025 annual figure was $106.2 million, up 9.72% from the prior year.
- Research & Development retreated to $30.9 million in Q1 2026 per UWMC's latest filing, from $34.2 million in the prior quarter.
- Across five years, Research & Development topped out at $34.2 million in Q4 2025 and bottomed at $12.8 million in Q1 2022.
- Historically, Research & Development has averaged $23.1 million across 5 years, with a median of $22.5 million in 2024.
- On a YoY basis, Research & Development climbed as much as 82.04% in 2022 and fell as far as 9.31% in 2022.
- UWM Holdings' Research & Development stood at $23.0 million in 2022, then increased by 11.42% to $25.6 million in 2023, then advanced by 20.2% to $30.8 million in 2024, then increased by 11.18% to $34.2 million in 2025, then decreased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.67 Bn | 36.56 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 36.79 Bn | 36.79 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.34 Bn | 14.02 Bn | - | - |
| 4 | PennyMac Financial Services | 3.90 Bn | 3.15 Bn | 480.08 Mn | 44.44 Mn |
| 5 | CNFinance Holdings | 1.54 Bn | 1.46 Bn | - | - |
| 6 | Walker & Dunlop | 1.33 Bn | 1.17 Bn | - | - |
| 7 | Velocity Financial | 711.66 Mn | -6.74 Bn | - | - |
| 8 | UWM Holdings | 480.97 Mn | -17.43 Mn | - | 35.59 Mn |
| 9 | Onity | 302.41 Mn | 106.11 Mn | - | 17.90 Mn |
| 10 | loanDepot | 207.62 Mn | -103.51 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 35.59 Mn |
| 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 |