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Financials · RDN

Radian Group Inc. (RDN) financials

For the twelve months ended Sep 30, 2026, Radian Group Inc. reported $1.97B of revenue and $558.50M of net income.

Revenue, TTM
$1.97B
Revenue growth, YoY
+65.3%
Net income, TTM
$558.50M
Net income growth, YoY
-3.1%
Net margin
28.4%
Free cash flow, TTM
$1.41B
EPS, diluted, TTM
$4.08
EPS growth, YoY
+1.7%
Cash
$40.92M
Total debt
$621.29M
P/E
8.28
P/S
2.35
Market cap
$4.63B
Annual revenue$1.20B
FY2016FY2025
Annual net income$582.64M
FY2016FY2025
Annual free cash flow$115.66M
FY2021FY2025

RDN revenue and earnings growth

RDN revenueQ3 2026$624.11M

Quarter YoY
+105.9%
QoQ
+8.5%
FY YoY
-0.8%
5Y CAGR
-3.6%
10Y CAGR
+0.0%

RDN revenue was $624.11M in fiscal Q3 2026 (ended Sep 30, 2026), up 105.9% from a year earlier and up 8.5% from the prior quarter. For the full fiscal 2025 it was $1.20B, down 0.8% from fiscal 2024. Compound annual growth was -3.6% over 5 years and +0.0% over 10 years. It rose in 4 of the last 10 fiscal years.

RDN net incomeQ3 2026$163.66M

Quarter YoY
+15.7%
QoQ
+41.2%
FY YoY
-3.6%
5Y CAGR
+8.2%
10Y CAGR
+7.3%

RDN net income was $163.66M in fiscal Q3 2026 (ended Sep 30, 2026), up 15.7% from a year earlier and up 41.2% from the prior quarter. For the full fiscal 2025 it was $582.64M, down 3.6% from fiscal 2024. Compound annual growth was +8.2% over 5 years and +7.3% over 10 years. It rose in 6 of the last 10 fiscal years.

RDN EPSQ3 2026$1.22

Quarter YoY
+18.4%
QoQ
+43.5%
FY YoY
+5.6%
5Y CAGR
+15.7%
10Y CAGR
+13.0%

RDN diluted EPS was $1.22 in fiscal Q3 2026 (ended Sep 30, 2026), up 18.4% from a year earlier and up 43.5% from the prior quarter. For the full fiscal 2025 it was $4.14, up 5.6% from fiscal 2024. Compound annual growth was +15.7% over 5 years and +13.0% over 10 years.

RDN free cash flowQ3 2026$378.95M

Quarter YoY
+6.0%
QoQ
+10.6%

RDN free cash flow was $378.95M in fiscal Q3 2026 (ended Sep 30, 2026), up 6.0% from a year earlier and up 10.6% from the prior quarter. For the full fiscal 2025 it was $115.66M, compared with -$665.13M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.20B$1.21B$1.18B$1.19B$1.33B$1.44B$1.53B$1.27B$1.22B$1.24B
Cost of revenue-$38.27M$38.49M$82.36M$103.71M$86.07M$108.32M$98.12M$104.60M$114.17M
Interest expense$68.29M$88.01M$86.19M$84.45M$84.34M$71.15M$56.31M$61.49M$62.76M$81.13M
Pre-tax income$791.23M$845.61M$863.88M$952.78M$764.83M$479.44M$848.99M$684.19M$346.74M$483.69M
Income tax$173.05M$185.29M$188.02M$209.84M$164.16M$85.81M$176.68M$78.17M$225.65M$175.43M
Net income$582.64M$604.44M$603.12M$742.93M$600.67M$393.63M$672.31M$606.01M$121.09M$308.25M
EPS, basic$4.18$3.96$3.81$4.42$3.19$2.01$3.22$2.83$0.56$1.46
EPS, diluted$4.14$3.92$3.77$4.35$3.16$2.00$3.20$2.77$0.55$1.37
Diluted shares140.8M154.2M160.1M170.7M190.3M196.6M210.3M218.6M220.4M229.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$24.83M$41.47M$20.07M$56.56M$152.62M$94.15M$96.27M$107.00M$96.24M$61.81M
Goodwill-$0$0$9.80M$9.80M$9.80M----
Total assets$8.12B$8.69B$7.59B$7.06B$7.84B$7.95B$6.81B$6.31B$5.90B$5.86B
Short-term debt$33.32M---------
Total debt$1.08B-------$1.03B$1.07B
Total liabilities$3.34B$4.07B$3.20B$3.14B$3.58B$3.66B$2.76B$2.83B$2.90B$2.99B
Shareholders' equity$4.78B$4.62B$4.40B$3.92B$4.26B$4.28B$4.05B$3.49B$3.00B$2.87B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$119.86M-$663.57M$529.43M$388.30M$557.11M$658.43M$694.43M$677.79M$360.57M$381.72M
Capital expenditures$4.21M$1.56M$8.53M$17.67M$12.60M-----
Free cash flow$115.66M-$665.13M$520.90M$370.63M$544.51M-----
Investing cash flow$127.29M$327.75M-$300.84M-$5.17M-$1.86M-$883.18M-$302.05M-$689.41M-$201.49M-$176.06M
Financing cash flow-$243.10M$357.23M-$265.09M-$479.18M-$496.78M$222.62M-$403.11M$22.39M-$125.08M-$203.27M
Dividends paid$145.62M$151.96M$145.91M$135.44M$103.30M$97.46M$2.06M$2.14M$2.15M$2.10M
Share repurchases$431.91M$225.06M$133.31M$400.19M$399.10M$226.31M$300.20M$50.05M$6.0K$100.19M
Depreciation and amortization$10.00M$15.00M$12.00M$15.00M$16.00M$18.30M$20.80M$19.40M$58.04M-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-0.8%2.5%-1.1%-10.5%-7.6%-5.8%19.9%4.2%-1.4%3.8%
Net income growth, YoY-3.6%0.2%-18.8%23.7%52.6%-41.5%10.9%400.5%-60.7%7.4%
EPS growth, YoY5.6%4.0%-13.3%37.7%58.0%-37.5%15.5%403.6%-59.9%12.3%
Net margin48.7%50.1%51.2%62.4%45.2%27.4%44.0%47.6%9.9%24.9%
Free cash flow margin9.7%-55.1%44.2%31.1%40.9%-----
Return on equity12.2%13.1%13.7%19.0%14.1%9.2%16.6%17.4%4.0%10.7%
Return on assets7.2%7.0%7.9%10.5%7.7%5.0%9.9%9.6%2.1%5.3%
Debt to equity0.22-------0.340.37

Source: XBRL data Radian Group Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

RDN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
RDN$1.97B+65.3%$558.50M28.4%$4.63B
CB$61.85B+5.7%$11.23B18.2%$143.56B
PGR$91.73B+7.7%$11.62B12.7%$136.60B
TRV$48.92B+1.1%$8.33B17.0%$82.64B
ALL$70.23B+5.1%$11.61B16.5%$66.23B
AIG$27.73B+1.2%$3.29B11.9%$42.96B
HIG$29.87B+9.2%$4.61B15.4%$36.76B
ACGL$18.78B-3.9%$4.38B23.3%$35.68B
CINF$13.28B+9.9%$2.66B20.1%$29.11B

RDN FAQ

8 questions
  • What is RDN revenue?
    Radian Group Inc. (RDN) reported $1.97B of revenue for the twelve months ended Sep 30, 2026. That is up 65.3% from the year before. Revenue for fiscal 2025 was $1.20B.
  • Is RDN profitable?
    Yes. Radian Group Inc. earned $558.50M in net income for the twelve months ended Sep 30, 2026, a net margin of 28.4%.
  • How much cash and debt does RDN have?
    Radian Group Inc. reported $40.92M in cash and cash equivalents and $621.29M of debt on its most recent balance sheet in SEC filings.
  • How fast is RDN revenue growing?
    Radian Group Inc.'s revenue changed -0.8% in fiscal 2025, to $1.20B. Its compound annual growth rate was -3.6% over 5 years and +0.0% over 10 years.
  • What is RDN free cash flow?
    Radian Group Inc. generated $1.41B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.42B less capital expenditures.
  • What is RDN earnings per share?
    Diluted earnings per share were $4.08 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did RDN last report financial results?
    The latest statements here come from Radian Group Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this RDN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Radian Group Inc. files with the SEC. It is provided for information only and is not investment advice.