UWM Holdings reported a second-quarter Non-GAAP loss of $0.23 per share, missing analyst expectations by $0.31. Revenue rose 17% year-over-year to $888 million, beating estimates by $193.04 million. Total originations were $39.7 billion, down from $44.9 billion in the first quarter but flat compared to the same period last year. Purchase originations increased to $23.8 billion from $18.7 billion in the prior quarter, while refinance originations fell to $15.9 billion from $26.3 billion. Adjusted EBITDA came in at $185.9 million, up from $160.9 million in the first quarter but below the $195.7 million recorded a year ago.
UWM Holdings CorpQ2 Non-GAAP EPS of -$0.23 missed estimates by $0.31, though revenue beat.
