UWM Holdings (UWMC) Research & Development (2020 - 2026)

UWM Holdings' (UWMC) quarterly Research & Development came in at $30.9 million in Q1 2026, up 39.15% year-on-year from $22.2 million in Q1 2025, and down 9.75% on a QoQ basis 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.

  • On a quarterly basis, Research & Development rose 39.15% year-over-year to $30.9 million in Q1 2026; TTM through Mar 2026 was $114.9 million, a 15.04% increase from a year earlier, with the FY2025 full-year figure at $106.2 million, up 9.72% from the prior year.
  • Research & Development for Q1 2026 stood at $30.9 million, down from $34.2 million in the prior quarter.
  • Over the last five years, Research & Development for UWMC reached as high as $34.2 million in Q4 2025 and fell as low as $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.
  • Year by year, Research & Development stood at $23.0 million in 2022, then gained by 11.42% to $25.6 million in 2023, then grew by 20.2% to $30.8 million in 2024, then gained by 11.18% to $34.2 million in 2025, then dropped by 9.75% to $30.9 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $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 38.33 Bn 35.64 Bn - -
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - -
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - -
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 46.13 Mn
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - -
7 Velocity Financial 681.36 Mn -6.51 Bn - -
8 UWM Holdings 540.43 Mn 116.43 Mn - 30.88 Mn
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - 8.36 Mn
10 Onity 340.51 Mn 215.81 Mn - 17.50 Mn

Historic Data

Download Data
DateValue
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