Radian Group Financials
This page shows Radian Group (RDN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profits stay high while cash swings sharply, showing a balance sheet funded more by capital strength than by a large cash reserve.
Across FY2023-FY2025, net income barely moved, staying between$583M and$604M . Over the same span, operating cash flow moved from-$664M in FY2024 to$120M in FY2025, showing that earnings stability and cash release are separate mechanics here rather than the same signal.
FY2025 ended with only
FY2025 share repurchases of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Radian Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Radian Group's revenue declined 0.8% year-over-year, from $1.2B to $1.2B. This contraction results in a growth score of 35/100.
Radian Group carries a low D/E ratio of 0.70, meaning only $0.70 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Radian Group's free cash flow margin of 9.7% results in a low score of 18/100. Capital expenditures of $4.2M absorb a large share of operating cash flow.
Radian Group's ROE of 12.2% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 13.1% the prior year.
Radian Group passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Radian Group generates $0.21 in operating cash flow ($119.9M OCF vs $582.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Radian Group generated $1.2B in revenue in fiscal year 2025. This represents a decrease of 0.8% from the prior year.
Radian Group reported $582.6M in net income in fiscal year 2025. This represents a decrease of 3.6% from the prior year.
Radian Group earned $4.14 per diluted share (EPS) in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Cash & Balance Sheet
Radian Group generated $115.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 117.4% from the prior year.
Radian Group held $24.8M in cash against $0 in long-term debt as of fiscal year 2025.
Radian Group had 135M shares outstanding in fiscal year 2025. This represents a decrease of 6.6% from the prior year.
Margins & Returns
Radian Group's net profit margin was 48.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.4 percentage points from the prior year.
Radian Group's ROE was 12.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.
Capital Allocation
Radian Group spent $431.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 91.9% from the prior year.
Radian Group invested $4.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 169.1% from the prior year.
RDN Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $300.5M-0.9% | $303.2M+1.6% | $298.6M+1.3% | $294.8M+0.7% | $292.7M-6.6% | $313.4M+5.0% | $298.6M-1.0% | $301.7M |
| Cost of Revenue | N/A | N/A | $8.4M-4.0% | $8.8M | N/A | $9.5M+0.1% | $9.5M+2.2% | $9.3M |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | $17.2M-33.6% | $25.9M+15.0% | $22.5M | N/A | $21.9M-19.1% | $27.1M-6.8% | $29.0M |
| Income Tax | N/A | $45.9M+38.2% | $33.2M-24.3% | $43.9M | N/A | $47.8M+31.8% | $36.2M-21.8% | $46.3M |
| Net Income | $154.8M+9.5% | $141.4M-0.2% | $141.8M-1.9% | $144.6M-2.5% | $148.3M-2.4% | $151.9M0.0% | $151.9M-0.3% | $152.4M |
| EPS (Diluted) | $1.12+8.7% | $1.03+1.0% | $1.02+4.1% | $0.980.0% | $0.98-1.0% | $0.99+1.0% | $0.980.0% | $0.98 |
RDN Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.1B-1.0% | $8.2B-14.4% | $9.6B+9.3% | $8.8B+0.9% | $8.7B+3.2% | $8.4B+3.6% | $8.1B+4.8% | $7.8B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $24.8M+62.7% | $15.3M-30.9% | $22.1M-8.7% | $24.2M+25.8% | $19.2M-31.5% | $28.1M+103.5% | $13.8M-48.9% | $27.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $120.2M-6.7% | $128.8M-1.0% | $130.0M+1.8% | $127.7M+5.6% | $121.0M-12.6% | $138.4M+0.5% | $137.8M+5.9% | $130.1M |
| Goodwill | N/A | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Total Liabilities | $3.3B-6.0% | $3.6B-30.2% | $5.1B+21.8% | $4.2B+2.8% | $4.1B+9.3% | $3.7B+2.0% | $3.6B+9.9% | $3.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $4.8B+2.8% | $4.7B+3.6% | $4.5B-2.1% | $4.6B-0.8% | $4.6B-1.6% | $4.7B+4.8% | $4.5B+1.0% | $4.4B |
| Retained Earnings | $5.1B+2.4% | $5.0B+2.2% | $4.9B+2.2% | $4.8B+2.3% | $4.7B+2.4% | $4.6B+2.6% | $4.5B+2.6% | $4.4B |
RDN Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $407.0M+13.6% | $358.4M+150.2% | -$713.3M-1152.0% | $67.8M+125.2% | -$269.4M-13.2% | -$237.9M-14.8% | -$207.3M-506.1% | $51.0M |
| Capital Expenditures | $870K+3.2% | $843K-34.3% | $1.3M+6.2% | $1.2M+602.9% | $172K+113.9% | -$1.2M-215.7% | $1.1M-31.6% | $1.6M |
| Free Cash Flow | $406.1M+13.6% | $357.6M+150.0% | -$714.6M-1173.0% | $66.6M+124.7% | -$269.6M-12.7% | -$239.2M-14.8% | -$208.3M-521.0% | $49.5M |
| Investing Cash Flow | -$77.3M-189.5% | -$26.7M-121.4% | $125.1M+17.7% | $106.2M+200.8% | $35.3M-90.4% | $366.9M+35545.6% | -$1.0M+98.6% | -$73.4M |
| Financing Cash Flow | -$300.2M+11.1% | -$337.8M-158.0% | $582.1M+411.0% | -$187.2M-176.2% | $245.5M+314.1% | -$114.7M-158.7% | $195.3M+527.6% | $31.1M |
| Dividends Paid | $34.9M+0.1% | $34.8M-9.8% | $38.6M+3.6% | $37.3M+1.5% | $36.7M-1.1% | $37.2M-8.3% | $40.5M+7.8% | $37.6M |
| Share Buybacks | $0 | $0-100.0% | $223.0M+6.7% | $208.9M+174.8% | $76.0M+55.1% | $49.0M-2.0% | $50.0M0.0% | $50.0M |
RDN Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 51.5%+4.9pp | 46.7%-0.8pp | 47.5%-1.5pp | 49.0%-1.6pp | 50.7%+2.2pp | 48.5%-2.4pp | 50.9%+0.4pp | 50.5% |
| Return on Equity | 3.2%+0.2pp | 3.0%-0.1pp | 3.2%+0.0pp | 3.1%-0.1pp | 3.2%-0.0pp | 3.2%-0.2pp | 3.4%-0.0pp | 3.4% |
| Return on Assets | 1.9%+0.2pp | 1.7%+0.2pp | 1.5%-0.2pp | 1.7%-0.1pp | 1.7%-0.1pp | 1.8%-0.1pp | 1.9%-0.1pp | 2.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.70-0.1 | 0.76-0.4 | 1.13+0.2 | 0.91+0.0 | 0.88+0.1 | 0.79-0.0 | 0.81+0.1 | 0.75 |
| FCF Margin | 135.1%+17.2pp | 117.9%+357.3pp | -239.4%-262.0pp | 22.6%+114.7pp | -92.1%-15.8pp | -76.3%-6.5pp | -69.8%-86.2pp | 16.4% |
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Frequently Asked Questions
What is Radian Group's annual revenue?
Radian Group (RDN) reported $1.2B in total revenue for fiscal year 2025. This represents a -0.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Radian Group's revenue growing?
Radian Group (RDN) revenue declined by 0.8% year-over-year, from $1.2B to $1.2B in fiscal year 2025.
Is Radian Group profitable?
Yes, Radian Group (RDN) reported a net income of $582.6M in fiscal year 2025, with a net profit margin of 48.7%.
What is Radian Group's net profit margin?
Radian Group (RDN) had a net profit margin of 48.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Radian Group's return on equity (ROE)?
Radian Group (RDN) has a return on equity of 12.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Radian Group's free cash flow?
Radian Group (RDN) generated $115.7M in free cash flow during fiscal year 2025. This represents a 117.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Radian Group's operating cash flow?
Radian Group (RDN) generated $119.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Radian Group's total assets?
Radian Group (RDN) had $8.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Radian Group's capital expenditures?
Radian Group (RDN) invested $4.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Radian Group's debt-to-equity ratio?
Radian Group (RDN) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Radian Group's return on assets (ROA)?
Radian Group (RDN) had a return on assets of 7.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Radian Group's Piotroski F-Score?
Radian Group (RDN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Radian Group's earnings high quality?
Radian Group (RDN) has an earnings quality ratio of 0.21x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Radian Group?
Radian Group (RDN) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.