Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted earnings (loss) per share for the periods ended March 31, 2024 and 2023 (in thousands, except shares and per share amounts):


	For the three months ended March 31,
		2024		2023
Net income (loss)		$	180,531	$	(138,613)
Net income (loss) attributable to non-controlling interests		171,801		(126,672)
Net income (loss) attributable to UWMC		8,730		(11,941)
Numerator:
Net income (loss) attributable to Class A common shareholders		$	8,730	$	(11,941)
Net income (loss) attributable to Class A common shareholders - diluted		$	142,860	$	(11,941)
Denominator:
Weighted average shares of Class A common stock outstanding - basic		94,365,991		92,920,794
Weighted average shares of Class A common stock outstanding - diluted		1,598,647,205		92,920,794
Earnings (loss) per share of Class A common stock outstanding - basic		$	0.09	$	(0.13)
Earnings (loss) per share of Class A common stock outstanding - diluted		$	0.09	$	(0.13)