What is UWM Holdings's TRA liability?

UWM Holdings (UWMC) reported TRA liability of $248.96M in Q1 2026.

How has UWM Holdings's TRA liability changed year-over-year?

UWM Holdings's TRA liability increased by 100.8% year-over-year, from $123.99M to $248.96M.

What is the long-term trend for UWM Holdings's TRA liability?

Over 3 years (2021 to 2025), UWM Holdings's TRA liability has grown at a 142.0% compound annual growth rate (CAGR), from $13.9M to $196.92M.

UWM Holdings UWMC TRA liability

Other financials

Income statement

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Revenue$901.4M+47.0%

Net income$25.3M+285%

EPS (diluted)$0.09+175%

Balance sheet

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Cash & equivalents$424.0M-12.6%

Total debt$3.1B+6.7%

Total equity$1.6B-2.1%

Total assets$19.3B+37.1%

Cash flow

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Operating cash flow-$2.2B-475%

CapEx$19.1M+7.3%

Free cash flow-$2.2B-490%

Valuation

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Market cap$719.16M-11.6%

Enterprise value$3.4B+5.0%

P/E10.8×—

P/S0.2×-0.1×

Profitability

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Operating margin-0.1%—

Net margin1.9%+1.7pp

FCF margin-129.4%—

Returns & leverage

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Return on equity4.1%+3.8pp

Debt / equity1.9×+0.2×

Current ratio0×—

Where this comes from

Reported directly by UWM Holdings in its filing.

Tagged under the XBRL concept uwmc:TaxReceivableAgreementLiability.

The official record: UWM Holdings’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UWM Holdings's TRA liability?: UWM Holdings (UWMC) reported TRA liability of $248.96M in Q1 2026.
How has UWM Holdings's TRA liability changed year-over-year?: UWM Holdings's TRA liability increased by 100.8% year-over-year, from $123.99M to $248.96M.
What is the long-term trend for UWM Holdings's TRA liability?: Over 3 years (2021 to 2025), UWM Holdings's TRA liability has grown at a 142.0% compound annual growth rate (CAGR), from $13.9M to $196.92M.