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 16 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Radian Group's revenue grew a modest 4.0% year-over-year to $1.3B. This slow but positive growth earns a score of 40/100.
Radian Group carries a low D/E ratio of 0.88, meaning only $0.88 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
While Radian Group generated -$663.6M in operating cash flow, capex of $3.2M consumed most of it, leaving -$666.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Radian Group's ROE of 13.1% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 13.7% the prior year.
Radian Group passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Radian Group generates $-1.10 in operating cash flow (-$663.6M OCF vs $604.4M 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
Radian Group generated $1.3B in revenue in fiscal year 2024. This represents an increase of 4.0% from the prior year.
Radian Group generated -$666.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 229.9% from the prior year.
Radian Group reported $604.4M in net income in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Radian Group earned $3.92 per diluted share (EPS) in fiscal year 2024. This represents an increase of 4.0% from the prior year.
Radian Group held $19.2M in cash against $0 in long-term debt as of fiscal year 2024.
Radian Group had 145M shares outstanding in fiscal year 2024. This represents a decrease of 5.3% from the prior year.
Radian Group's net profit margin was 46.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.
Radian Group's ROE was 13.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.
Radian Group spent $225.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 68.8% from the prior year.
Radian Group invested $3.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 80.5% from the prior year.
RDN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $303.2M-4.7% | $318.0M0.0% | $318.1M-5.4% | $336.3M+4.7% | $321.1M+0.5% | $319.4M-2.8% | $328.6M+5.2% | $312.5M |
| Cost of Revenue | N/A | $8.4M-4.0% | $8.8M-11.1% | $9.9M+3.5% | $9.5M+2.2% | $9.3M+4.2% | $8.9M+0.7% | $8.9M |
| 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 | $17.2M-33.6% | $25.9M+15.0% | $22.5M-25.0% | $30.0M+10.9% | $27.1M-6.8% | $29.0M+25.4% | $23.2M-0.5% | $23.3M |
| Income Tax | $45.9M+38.2% | $33.2M-24.3% | $43.9M+19.9% | $36.6M+1.0% | $36.2M-21.8% | $46.3M+24.7% | $37.1M-16.4% | $44.4M |
| Net Income | $141.4M-0.2% | $141.8M-1.9% | $144.6M-2.5% | $148.3M-2.4% | $151.9M-0.3% | $152.4M+6.8% | $142.7M-8.9% | $156.6M |
| EPS (Diluted) | $1.03+1.0% | $1.02+4.1% | $0.98+1.0% | $0.97-1.0% | $0.980.0% | $0.98+8.9% | $0.90-8.2% | $0.98 |
RDN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.2B-14.4% | $9.6B+9.3% | $8.8B+0.9% | $8.7B+6.9% | $8.1B+4.8% | $7.8B+2.2% | $7.6B+2.9% | $7.4B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $15.3M-30.9% | $22.1M-8.7% | $24.2M+25.8% | $19.2M+39.4% | $13.8M-48.9% | $27.0M+42.1% | $19.0M-65.8% | $55.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $128.8M-1.0% | $130.0M+1.8% | $127.7M+5.6% | $121.0M-12.2% | $137.8M+5.9% | $130.1M+5.0% | $123.9M-14.4% | $144.6M |
| Goodwill | N/A | N/A | N/A | $0 | N/A | N/A | $0 | N/A |
| Total Liabilities | $3.6B-30.2% | $5.1B+21.8% | $4.2B+2.8% | $4.1B+11.5% | $3.6B+9.9% | $3.3B+3.9% | $3.2B-0.9% | $3.2B |
| 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 | $4.7B+3.6% | $4.5B-2.1% | $4.6B-0.8% | $4.6B+3.2% | $4.5B+1.0% | $4.4B+1.0% | $4.4B+5.9% | $4.2B |
| Retained Earnings | $5.0B+2.2% | $4.9B+2.2% | $4.8B+2.3% | $4.7B+5.0% | $4.5B+2.6% | $4.4B+2.7% | $4.2B+2.6% | $4.1B |
RDN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $358.4M+150.2% | -$713.3M-1152.0% | $67.8M+125.2% | -$269.4M-30.0% | -$207.3M-506.1% | $51.0M-80.7% | $265.0M+252.2% | $75.2M |
| Capital Expenditures | $843K-34.3% | $1.3M+6.2% | $1.2M-32.2% | $1.8M+67.2% | $1.1M-31.6% | $1.6M-17.4% | $1.9M-56.0% | $4.3M |
| Free Cash Flow | $357.6M+150.0% | -$714.6M-1173.0% | $66.6M+124.6% | -$271.2M-30.2% | -$208.3M-521.0% | $49.5M-81.2% | $263.1M+270.8% | $70.9M |
| Investing Cash Flow | -$26.7M-121.4% | $125.1M+17.7% | $106.2M+200.8% | $35.3M+3512.3% | -$1.0M+98.6% | -$73.4M+34.1% | -$111.4M-12.1% | -$99.4M |
| Financing Cash Flow | -$337.8M-158.0% | $582.1M+411.0% | -$187.2M-176.2% | $245.5M+25.7% | $195.3M+527.6% | $31.1M+116.4% | -$190.3M-1127.5% | $18.5M |
| Dividends Paid | $34.8M-9.8% | $38.6M+3.6% | $37.3M+1.5% | $36.7M-9.3% | $40.5M+7.8% | $37.6M+7.7% | $34.9M-2.6% | $35.8M |
| Share Buybacks | $0-100.0% | $223.0M+6.7% | $208.9M+174.8% | $76.0M+52.0% | $50.0M0.0% | $50.0M-21.0% | $63.3M+26.5% | $50.0M |
RDN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | 46.7%+2.1pp | 44.6%-0.9pp | 45.4%+1.4pp | 44.1%-3.2pp | 47.3%-0.4pp | 47.7%+4.3pp | 43.4%-6.7pp | 50.1% |
| Return on Equity | 3.0%-0.1pp | 3.2%+0.0pp | 3.1%-0.1pp | 3.2%-0.2pp | 3.4%-0.0pp | 3.4%+0.2pp | 3.2%-0.5pp | 3.8% |
| Return on Assets | 1.7%+0.2pp | 1.5%-0.2pp | 1.7%-0.1pp | 1.7%-0.2pp | 1.9%-0.1pp | 2.0%+0.1pp | 1.9%-0.2pp | 2.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.76-0.4 | 1.13+0.2 | 0.91+0.0 | 0.88+0.1 | 0.81+0.1 | 0.75+0.0 | 0.73-0.1 | 0.78 |
| FCF Margin | 117.9%+342.6pp | -224.7%-245.6pp | 20.9%+101.6pp | -80.6%-15.7pp | -64.9%-80.4pp | 15.5%-64.6pp | 80.0%+57.4pp | 22.7% |
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Frequently Asked Questions
What is Radian Group's annual revenue?
Radian Group (RDN) reported $1.3B in total revenue for fiscal year 2024. This represents a 4.0% 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 grew by 4% year-over-year, from $1.2B to $1.3B in fiscal year 2024.
Is Radian Group profitable?
Yes, Radian Group (RDN) reported a net income of $604.4M in fiscal year 2024, with a net profit margin of 46.9%.
What is Radian Group's earnings per share (EPS)?
Radian Group (RDN) reported diluted earnings per share of $3.92 for fiscal year 2024. This represents a 4.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Radian Group's net profit margin?
Radian Group (RDN) had a net profit margin of 46.9% in fiscal year 2024, 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 13.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Radian Group's free cash flow?
Radian Group (RDN) generated -$666.7M in free cash flow during fiscal year 2024. This represents a -229.9% 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 -$663.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Radian Group's total assets?
Radian Group (RDN) had $8.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Radian Group's capital expenditures?
Radian Group (RDN) invested $3.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Radian Group buy back shares?
Yes, Radian Group (RDN) spent $225.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Radian Group have outstanding?
Radian Group (RDN) had 145M shares outstanding as of fiscal year 2024.
What is Radian Group's debt-to-equity ratio?
Radian Group (RDN) had a debt-to-equity ratio of 0.88 as of fiscal year 2024, 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 7.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Radian Group's cash runway?
Based on fiscal year 2024 data, Radian Group (RDN) had $19.2M in cash against an annual operating cash burn of $663.6M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Radian Group's Piotroski F-Score?
Radian Group (RDN) has a Piotroski F-Score of 2 out of 9, indicating weak 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 7–9 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 -1.10x, 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 43 out of 100 on our Financial Profile, indicating moderate 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.