Walker & Dunlop, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $3.0M | $15.9M | $-13.9M | $33.5M | $34.0M | $2.8M | $44.8M | $28.8M |
| Depreciation & Amortization | $60.7M | $63.0M | $62.1M | $60.0M | $58.9M | $57.6M | $68.1M | $57.6M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.17B | $-1.14B | $803.4M | $-948.1M | $-238.5M | $-281.1M | $530.8M | $-202.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $600.0K | $1.9M | $7.3M | $2.3M | $2.6M | $3.6M | $3.9M | $2.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-4.9M | $-40.1M | $-12.5M | $-2.9M | $-22.5M | $-39.4M | $-992.0K | $-7.5M |
| Financing Activities | ||||||||
| Dividends Paid | $23.6M | $23.6M | $23.0M | $23.0M | $22.9M | $22.9M | $22.4M | $22.1M |
| Stock Repurchases | $298.0K | $19.1M | $183.0K | $1.0M | $645.0K | $8.6M | $369.0K | $1.4M |
| Net Cash from Financing Activities | $-1.20B | $1.07B | $-784.4M | $996.1M | $324.3M | $222.0M | $-468.6M | $194.7M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $1.17B | $-1.15B | $796.1M | $-950.4M | $-241.0M | $-284.7M | $526.9M | $-204.0M |