Walker & Dunlop, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.2B | $1.1B | $1.1B | $1.3B | $1.3B |
| Operating expenses | $1.2B | $1.0B | $916.2M | $993.8M | $907.1M |
| Interest expense | — | — | $50.3M | $49.3M | $32.8M |
| Pretax income | $79.0M | $131.5M | $138.2M | $265.0M | $352.1M |
| Income tax expense | $22.0M | $30.5M | $35.0M | $56.0M | $86.4M |
| Net income | $56.2M | $108.2M | $107.4M | $213.8M | $265.8M |
| Balance Sheet | |||||
| Cash and equivalents | $299.3M | $279.3M | $328.7M | $225.9M | $305.6M |
| Total assets | $5.1B | $4.4B | $4.1B | $4.0B | $5.2B |
| Total liabilities | $3.3B | $2.6B | $2.3B | $2.3B | $3.6B |
| Total debt | $2.3B | $1.4B | $1.4B | $1.1B | $2.7B |
| Stockholders' equity | $1.7B | $1.7B | $1.7B | $1.7B | $1.6B |
| Cash Flow Statement | |||||
| Cash from operations | -$664.3M | $129.4M | -$518,000 | $1.6B | $870.5M |
| Depreciation and amortization | $238.7M | $237.5M | $226.8M | $235.0M | $210.3M |
| Stock-based compensation | $26.7M | $27.3M | $27.8M | $34.0M | $36.6M |
| Capital expenditure | $15.8M | $13.0M | $16.2M | $22.0M | $9.2M |
| Free cash flow | -$680.1M | $116.4M | -$16.7M | $1.6B | $861.2M |
| Dividends paid | $91.8M | $88.6M | $84.8M | $80.1M | $64.5M |
| Share repurchases | $10.5M | $12.4M | $20.5M | $42.4M | $18.9M |
| Impairments | $0 | $33.0M | $62.0M | $0 | $0 |
Shares outstanding 34.3M · Free float 80.0%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.