Is UWMC diluting shareholders?

Read three numbers together: shares outstanding over time (see chart), warrants that can convert into new shares, and how much cash runway remains (~1.905545376360169 months). A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

Dilution profile // every instrument, one screen, from SEC filings

UWM Holdings Corp (UWMC)

CIK 1783398 · all EDGAR filings →

Overall dilution risk

HIGHworst of 2 computed sub-ratings (offering ability)

= the worst band among the computed sub-ratings, no hidden weighting

not every sub-rating was computable; treat as a floor

Offering ability

HIGHS-3ASR on file 2026-08-05

= is there a registration (S-1/S-3 family) on file without a later withdrawal

no structured fee data on the live registrations, so this is a yes/no, not a size

Overhead supply

NOT COMPUTEDno warrant count tagged in XBRL

= warrant shares outstanding divided by current shares outstanding

absence of a tag is not proof of absence of warrants

Historical dilution

NOT COMPUTEDnewest single-total cover-page count is as of 2021-03-18

= share count now vs 3 years ago

not rated: the company has filed periodic reports since (newest: 10-Q filed 2026-11-06) with no single-total cover-page count in SEC's companyfacts, which omits counts filed per share class

Cash need

HIGH~1.9 months of runway

= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

Fewer than two cover-page share counts on file, so there is no history to chart.

Cash runway

~2 months of cash left

critical · burning $661.9M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

Tranche	Warrants	Exercise price	Term	Notes
Class A Warrant	165.0M	$6	—	—
Class B Warrant	165.0M	$2	—	—
Oaktree Class A Warrant	150.0M	not tagged	—	—
Oaktree Class B Warrant	150.0M	not tagged	—	—
SFS Group Class A Warrant	15.0M	not tagged	—	—
SFS Group Class B Warrant	15.0M	not tagged	—	—

Tranches exactly as the company dimensioned them in its 10-Q filed Nov 6, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Balance-sheet fair value of warrants: $0 as of Dec 31, 2025.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Nov 6, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Registrations and offerings

S-3ASRAug 5, 2026fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →

Last 12 months: 4 executed · 1 registered.

EXECUTEDNov 4, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

EXECUTEDOct 27, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

UPDATEOct 1, 2026Resale prospectus — existing holders registering to sell424B7 →

EXECUTEDSep 29, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

MARKETINGSep 23, 2026Free-writing prospectus — offering being marketedFWP →

EXECUTEDAug 6, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

REGISTEREDAug 5, 2026Automatic shelf registration — effective immediately (large filers)S-3ASR →

UPDATEFeb 12, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →

EFFECTIVEFeb 9, 2026SEC declared a registration effective — selling can beginEFFECT →

EFFECTIVEJun 30, 2022SEC declared a registration effective — selling can beginEFFECT →

EFFECTIVEMay 31, 2022SEC declared a registration effective — selling can beginEFFECT →

UPDATEMar 1, 2022Prospectus update — often a resale registration, not necessarily new capital424B3 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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