Walker & Dunlop(WD) - 2025 Q3 - Earnings Call Presentation

Q3 2025 Financial Performance - Total revenues increased by 4% from $78905 thousand in Q3'24 to $82084 thousand in Q3'25[12] - Adjusted EBITDA increased by 15% from $292304 thousand in Q3'24 to $337675 thousand in Q3'25[12] - Adjusted Core EPS increased by 3% from $119 in Q3'24 to $122 in Q3'25[12] Transaction Activity - Total transaction volume grew across all executions[15] - Fannie Mae transaction volume increased from $4028 million in Q3'24 to $4513 million in Q3'25[16] - Freddie Mac transaction volume increased from $3602 million in Q3'24 to $4673 million in Q3'25[16] - HUD transaction volume increased from $2141 million in Q3'24 to $3664 million in Q3'25[16] Technology-Enabled Services - Apprise revenues increased by 21% from $3318 thousand in Q3'24 to $4025 thousand in Q3'25[24] - Small Balance Lending (SBL) revenues increased by 69% from $5249 thousand in Q3'24 to $8891 thousand in Q3'25[26] Capital Markets - Consolidated Total Transaction Volume increased by 34% from $11616107 thousand in Q3'24 to $15515495 thousand in Q3'25[30] - Total Revenues increased by 26% from $143712 thousand in Q3'24 to $180754 thousand in Q3'25[30] Servicing & Asset Management - Total revenues increased by 4% from $144884 thousand in Q3'24 to $150628 thousand in Q3'25[31] - Adjusted EBITDA increased by 2% from $117455 thousand in Q3'24 to $119423 thousand in Q3'25[31]