Radian Group Financials
Radian Group (RDN) reported $1.2B in revenue for fiscal year 2025, down 0.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
RDN's stable accounting earnings mask a business where cash conversion, not growth, explains the operating story.
Across recent years, net income stayed near$600M even as operating cash flow swung from$529M to negative territory. With FY2025 capex only$4M and free cash flow just$116M , that gap was not caused by heavy reinvestment; cash availability was being shaped more by balance-sheet timing than by reported earnings alone.
The balance sheet became less levered, with debt to equity dropping from 0.9x to 0.2x, so long-duration financing pressure eased even though profit did not meaningfully expand. Yet cash on hand was only
The business did not need expansion to support per-share results: revenue was still about
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
Not available for Radian Group, and counted as zero in the overall score.
Radian Group passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 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.
Not reported for fiscal year 2025.
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 $1.1B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
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.
Not reported for fiscal year 2025.
RDN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.2B-0.8% | $1.2B+2.5% | $1.2B-1.1% | $1.2B-10.5% | $1.3B-7.6% | $1.4B-5.8% | $1.5B+19.9% | $1.3B+4.2% | $1.2B-1.4% | $1.2B+3.8% | $1.2B+11.2% | $1.1B+43.0% | $749.9M-16.9% | $902.7M-53.7% | $1.9B |
| Cost of Revenue | N/A | N/A | $38.3M-0.6% | $38.5M-53.3% | $82.4M-20.6% | $103.7M+20.5% | $86.1M-20.5% | $108.3M+10.4% | $98.1M-6.2% | $104.6M-8.4% | $114.2M | 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 | N/A | N/A | N/A | N/A | N/A | -$207.1M+53.4% | -$444.2M-220.5% | $368.5M |
| Interest Expense | N/A | $68.3M-22.4% | $88.0M+2.1% | $86.2M+2.1% | $84.5M+0.1% | $84.3M+18.5% | $71.2M+26.4% | $56.3M-8.4% | $61.5M-2.0% | $62.8M-22.6% | $81.1M-10.9% | $91.1M+0.7% | $90.5M+21.2% | $74.6M+44.0% | $51.8M-15.6% | $61.4M |
| Income Tax | N/A | $173.0M-6.6% | $185.3M-1.5% | $188.0M-10.4% | $209.8M+27.8% | $164.2M+91.3% | $85.8M-51.4% | $176.7M+126.0% | $78.2M-65.4% | $225.6M+28.6% | $175.4M+12.2% | $156.3M+118.3% | -$852.4M-2606.5% | -$31.5M+34.8% | -$48.3M-172.8% | $66.4M |
| Net Income | $536.3M | $582.6M-3.6% | $604.4M+0.2% | $603.1M-18.8% | $742.9M+23.7% | $600.7M+52.6% | $393.6M-41.5% | $672.3M+10.9% | $606.0M+400.5% | $121.1M-60.7% | $308.3M+7.4% | $286.9M-70.1% | $959.5M+587.1% | -$197.0M+56.4% | -$451.5M-249.4% | $302.1M |
| EPS (Diluted) | $3.89 | $4.14+5.6% | $3.92+4.0% | $3.77-13.3% | $4.35+37.7% | $3.16+58.0% | $2.00-37.5% | $3.20+15.5% | $2.77+403.6% | $0.55-59.9% | $1.37+12.3% | $1.22-70.7% | $4.16+452.5% | -$1.18+65.4% | -$3.41-250.9% | $2.26 |
Not reported in any period shown, so not listed: Gross Profit, R&D Expenses, SG&A Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RDN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.1B-6.5% | $8.7B+14.4% | $7.6B+7.5% | $7.1B-9.9% | $7.8B-1.4% | $7.9B+16.7% | $6.8B+7.8% | $6.3B+7.0% | $5.9B+0.6% | $5.9B+3.9% | $5.6B-17.5% | $6.8B+21.7% | $5.6B-4.8% | $5.9B-11.3% | $6.7B |
| Cash & Equivalents | $24.8M+29.2% | $19.2M+1.2% | $19.0M-66.2% | $56.2M-62.8% | $151.1M+71.9% | $87.9M-5.2% | $92.7M-2.8% | $95.4M+18.4% | $80.6M+54.5% | $52.1M+11.2% | $46.9M+53.9% | $30.5M+33.2% | $22.9M-22.2% | $29.4M-10.9% | $33.0M |
| Accounts Receivable | $120.2M-0.7% | $121.0M-2.3% | $123.9M+3.4% | $119.8M-3.4% | $124.0M+2.2% | $121.3M+29.5% | $93.6M+19.0% | $78.7M+8.4% | $72.6M-6.5% | $77.6M+25.8% | $61.7M-28.0% | $85.8M+84.7% | $46.4M-46.9% | $87.5M-14.7% | $102.6M |
| Goodwill | N/A | $0 | $0-100.0% | $9.8M0.0% | $9.8M0.0% | $9.8M | N/A | N/A | N/A | N/A | N/A | $191.9M+9039.6% | $2.1M | N/A | N/A |
| Total Liabilities | $3.3B-17.8% | $4.1B+27.2% | $3.2B+1.6% | $3.1B-12.2% | $3.6B-2.3% | $3.7B+32.8% | $2.8B-2.3% | $2.8B-2.6% | $2.9B-3.0% | $3.0B-4.9% | $3.1B-32.7% | $4.7B-0.2% | $4.7B-9.4% | $5.2B-5.6% | $5.5B |
| Long-Term Debt | $1.1B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.0B-4.0% | $1.1B-12.3% | $1.2B+2.3% | $1.2B+28.2% | $930.1M+40.2% | $663.6M-18.9% | $818.6M |
| Total Equity | $4.8B+3.4% | $4.6B+5.1% | $4.4B+12.2% | $3.9B-8.0% | $4.3B-0.6% | $4.3B+5.8% | $4.0B+16.1% | $3.5B+16.3% | $3.0B+4.4% | $2.9B+15.0% | $2.5B+19.1% | $2.1B+123.2% | $939.6M+27.6% | $736.3M-37.7% | $1.2B |
| Retained Earnings | $5.1B+9.3% | $4.7B+10.6% | $4.2B+12.1% | $3.8B+19.1% | $3.2B+18.5% | $2.7B+12.3% | $2.4B+39.0% | $1.7B+54.0% | $1.1B+11.9% | $997.9M+44.3% | $691.7M+70.0% | $406.8M+173.7% | -$552.2M-55.5% | -$355.2M-469.2% | $96.2M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
RDN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4B | $119.9M+118.1% | -$663.6M-225.3% | $529.4M+36.3% | $388.3M-30.3% | $557.1M-15.4% | $658.4M-5.2% | $694.4M+2.5% | $677.8M+88.0% | $360.6M-5.5% | $381.7M+3156.8% | $11.7M+108.0% | -$146.3M+78.0% | -$664.9M-30.3% | -$510.5M+43.1% | -$897.8M |
| Capital Expenditures | $2.9M | $4.2M+169.1% | $1.6M-81.7% | $8.5M-51.7% | $17.7M+40.2% | $12.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $1.4B | $115.7M+117.4% | -$665.1M-227.7% | $520.9M+40.5% | $370.6M-31.9% | $544.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$234.7M | $127.3M-61.2% | $327.7M+208.9% | -$300.8M-5713.4% | -$5.2M-177.9% | -$1.9M+99.8% | -$883.2M-192.4% | -$302.0M+56.2% | -$689.4M-242.2% | -$201.5M-14.4% | -$176.1M-6405.8% | $2.8M+100.8% | -$336.0M-657.3% | $60.3M-90.9% | $661.1M-38.4% | $1.1B |
| Financing Cash Flow | -$1.0B | -$243.1M-168.1% | $357.2M+234.8% | -$265.1M+44.7% | -$479.2M+3.5% | -$496.8M-323.2% | $222.6M+155.2% | -$403.1M-1900.7% | $22.4M+117.9% | -$125.1M+38.5% | -$203.3M-33921.8% | $601K-99.9% | $482.0M-19.3% | $596.9M+486.1% | -$154.6M+4.2% | -$161.3M |
| Dividends Paid | $142.3M | $145.6M-4.2% | $152.0M+4.1% | $145.9M+7.7% | $135.4M+31.1% | $103.3M+6.0% | $97.5M+4628.7% | $2.1M-3.7% | $2.1M-0.6% | $2.2M+2.3% | $2.1M+5.5% | $2.0M+7.0% | $1.9M+14.3% | $1.6M+22.2% | $1.3M+0.4% | $1.3M |
| Share Buybacks | $130.3M | $431.9M+91.9% | $225.1M+68.8% | $133.3M-66.7% | $400.2M+0.3% | $399.1M+76.4% | $226.3M-24.6% | $300.2M+499.8% | $50.1M+834116.7% | $6K-100.0% | $100.2M-50.4% | $202.0M | $0 | $0 | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RDN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -27.6%+21.6pp | -49.2%-68.1pp | 18.9% |
| Net Margin | 48.7%-1.4pp | 50.1%-1.1pp | 51.2%-11.2pp | 62.4%+17.2pp | 45.2%+17.8pp | 27.4%-16.7pp | 44.0%-3.6pp | 47.6%+37.7pp | 9.9%-15.0pp | 24.9%+0.8pp | 24.1%-65.4pp | 89.5%+115.7pp | -26.3%+23.7pp | -50.0%-65.5pp | 15.5% |
| Return on Equity | 12.2%-0.9pp | 13.1%-0.6pp | 13.7%-5.2pp | 19.0%+4.9pp | 14.1%+4.9pp | 9.2%-7.4pp | 16.6%-0.8pp | 17.4%+13.3pp | 4.0%-6.7pp | 10.7%-0.8pp | 11.5%-34.3pp | 45.8%+66.7pp | -21.0%+40.3pp | -61.3%-86.9pp | 25.6% |
| Return on Assets | 7.2%+0.2pp | 7.0%-1.0pp | 7.9%-2.6pp | 10.5%+2.9pp | 7.7%+2.7pp | 5.0%-4.9pp | 9.9%+0.3pp | 9.6%+7.5pp | 2.1%-3.2pp | 5.3%+0.2pp | 5.1%-8.9pp | 14.0%+17.5pp | -3.5%+4.1pp | -7.6%-12.2pp | 4.5% |
| Debt-to-Equity | 0.23-0.7x | 0.88+0.2x | 0.73-0.1x | 0.800.0x | 0.840.0x | 0.86+0.2x | 0.68-0.1x | 0.81+0.5x | 0.340.0x | 0.37-0.1x | 0.49-0.1x | 0.57-0.4x | 0.99+0.1x | 0.90+0.2x | 0.69 |
| FCF Margin | 9.7%+64.8pp | -55.1%-99.4pp | 44.3%+13.1pp | 31.1%-9.8pp | 40.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
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Where Radian Group Ranks
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%.
How much debt does Radian Group have?
As of fiscal year 2025, Radian Group (RDN) had $24.8M in cash and equivalents against $1.1B in long-term debt.
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 0.23 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 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 69 out of 100 on our Financial Health Score, indicating strong standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.