WD 8-K SEC Filing Analysis

Latest settled — T+20d

WD ▼ -11.87% at T+20d

LONG call ✗ call lost -11.87% · α vs SPY -15.01% · entry $54.83 → $48.32

Next anchor: T+60d in 8w

Currently $52.89 · -3.54% from $54.83 entry

Entry anchored
May 6, 03:59 PM ET
via Databento tick

T+1d

-0.40%

call -0.40% · α -1.23%

$54.61

settled 5w ago

T+5d

-1.81%

call -1.81% · α -3.31%

$53.84

settled 27d ago

T+20d

-11.87%

call -11.87% · α -15.01%

$48.32

settled 5d ago

T+60d

—

call — · α —

—

in 8w

Price Chart

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Executive Summary

Walker & Dunlop reported strong Q1 2026 results with total revenues of $301.3M (+27% YoY) and diluted EPS of $0.46 (vs $0.08), driven by a 94% surge in transaction volume. Adjusted core EPS grew 20% to $1.02, though indemnified loan expenses remained elevated at $10.1M.

Actionable Insight

The sharp YoY recovery in transaction volumes and operating leverage suggests the commercial real estate cycle is turning. Monitor next quarter's guidance for sustained growth and watch for resolution of indemnified loan exposures, which remain a headwind.

Key Facts

Total revenues $301.3M, up 27% YoY from $237.4M
Diluted EPS $0.46 vs $0.08 in Q1 2025, up 475%
Adjusted core EPS $1.02, up 20% YoY
Total transaction volume $13.7B, up 94% YoY
Servicing portfolio $146.4B, up 8% YoY
Repurchased $13.3M in shares at weighted avg $47.13
Indemnified/repurchased loan expenses $10.1M (vs $0.9M Q1 2025)

Financial Impact

Revenue beat of ~$32M vs consensus (est $269M), but EPS of $0.46 vs consensus $0.54 is a miss on GAAP basis; however, adjusted core EPS of $1.02 provides a clearer view of operating performance

revenueepsadjusted core epstransaction volumeservicing portfolio

Risk Factors

Elevated indemnified and repurchased loan expenses ($10.1M) could persist
Defaulted loans rose to $167.5M (0.24% of at-risk portfolio) from $108.5M a year ago
Macroeconomic headwinds including interest rate volatility and geopolitical tensions

Market Snapshot

Exchange

NYSE

Sector

Finance Services

Analyst Consensus

82% bullish (11 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001104659-26-056553
Document: wd-20260507x8k.htm	0001104659-26-056553
Document: 0001104659-26-056553-index-headers.html	0001104659-26-056553
Document: 0001104659-26-056553-index.html	0001104659-26-056553
Document: 0001104659-26-056553.txt	0001104659-26-056553
8-K Data (Synthetic)	0001104659-26-056553

6 reports for WD

T+1T+5T+20T+60

100% Hit rate 3 of 3 directional calls best @ T+60▲ +6.69%Mar 2, 2026

Filters

Reports for WD — sortable, filterable
	Type				Now
May 7, 2026 4w ago	8-K BULLISH ★ 7/10	$54.83 $48.32	▼ −11.87%	▼ −15.01%	$52.89 (−3.54%)
Apr 1, 2026 9w ago	DEFA14A NEUTRAL ★ 3/10	$44.44 $50.35	▲ +13.30%	▲ +3.42%	$52.89 (+19.01%)
Mar 4, 2026 13w ago	8-K NEUTRAL ★ 4/10	$49.77 $44.44	▼ −10.70%	▼ −6.92%	$52.89 (+6.27%)
Mar 2, 2026 14w ago	Insider Cluster BULLISH ★ 6/10	$46.94 $43.49	▼ −7.35%	▲ +0.59%	$52.89 (+12.68%)
Mar 2, 2026 14w ago	Insider Cluster BULLISH ★ 6/10	$46.94 $43.49	▼ −7.35%	▲ +0.59%	$52.89 (+12.68%)
Feb 26, 2026 14w ago	8-K BEARISH ★ 7/10	$46.76 $44.94	▲ +3.90%	▼ −2.51%	$52.89 (−13.10%)

US Market Status

Market Closed — Opens Thu (9h 47m)

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