UWM Holdings Corporation (UWMC) saw its stock price plummet 6.08% in pre-market trading on Tuesday following the release of its disappointing first-quarter 2025 earnings report. The mortgage lending company reported a significant loss, falling short of analyst expectations and causing investor concern.

UWM Holdings reported a Q1 loss of $0.12 per share, a stark contrast to the $0.09 earnings per share reported in the same period last year. This result missed the FactSet analyst consensus estimate of $0.07 per share by a wide margin. The company's adjusted net income came in at -$195.3 million, significantly below the IBES estimate of $76.6 million, further contributing to the negative market reaction.

Despite the earnings disappointment, UWM Holdings did report some positive news. The company's total revenue for the quarter ended March 31 was $613.4 million, up from $585.5 million a year earlier and surpassing the FactSet analyst expectations of $549.1 million. Looking ahead, UWM provided guidance for the second quarter, anticipating production between $38 billion and $45 billion with a gain margin ranging from 90 to 115 basis points. The company also maintained its quarterly dividend at $0.10 per class A common share, payable on July 10 to shareholders of record as of June 18, which may offer some reassurance to income-focused investors.