Radian Group Inc (RDN) Financial Statements
Industry: Surety Insurance
In fiscal 2025, Radian reported revenue of $1.20B, down 7.2% from $1.29B the year before. Net income was $582.6M (a 48.7% net margin), or $4.14 per diluted share. Gross margin was 66.1% and operating margin was 66.1%. Operating activities generated $119.9M of cash, leaving $115.7M of free cash flow. At fiscal year end, Radian held $8.12B in total assets against $3.34B in total liabilities, including $24.8M of cash and equivalents.
Open the full interactive Radian financials → Quarterly statements, key ratios, valuation history and price charts.
Radian Key Stats
| Share Price | $33.75 |
|---|---|
| Market Cap | $4.60B |
| P/E Ratio | 8.2 |
| Revenue YoY Growth | -7.2% |
| 52-Week Range | $30.61 – $39.43 |
| Shares Outstanding | 135.4 million (basic, 2026 Q2) |
Radian Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.33B | $1.19B | $1.24B | $1.29B | $1.20B |
| Cost of Goods Sold | $86.1M | $103.7M | $82.4M | $38.5M | $38.3M | $405.9M |
| Gross Profit | $1.35B | $1.23B | $1.11B | $1.20B | $1.25B | $791.2M |
| Operating Income | $1.35B | $1.23B | $1.11B | $1.20B | $1.25B | $791.2M |
| Pre-Tax Income | $479.4M | $764.8M | $952.8M | $767.5M | $771.3M | $791.2M |
| Income Tax | $85.8M | $164.2M | $209.8M | $164.4M | $166.8M | $173.0M |
| Net Income | $393.6M | $600.7M | $742.9M | $603.1M | $604.4M | $582.6M |
| Diluted EPS | $2.00 | $3.16 | $4.35 | $3.77 | $3.92 | $4.14 |
Radian Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $303.2M | $257.8M | $466.3M | $575.0M |
| Net Income | $141.4M | $154.8M | $124.1M | $115.9M |
| Diluted EPS | $1.03 | $1.10 | $0.89 | $0.85 |
Radian Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $87.9M | $151.1M | $56.2M | $19.0M | $38.8M | $24.8M |
| Total Assets | $7.95B | $7.84B | $7.06B | $7.59B | $8.66B | $8.12B |
| Total Long-Term Debt | $1.41B | $1.41B | $1.57B | $1.54B | $1.60B | $1.11B |
| Total Liabilities | $3.66B | $3.58B | $3.14B | $3.20B | $4.04B | $3.34B |
| Shareholders' Equity | $4.28B | $4.26B | $3.92B | $4.40B | $4.62B | $4.78B |
Radian Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $658.4M | $557.1M | $388.3M | $529.4M | -$663.6M | $119.9M |
| Cash From Investing | -$883.2M | -$1.9M | -$5.2M | -$300.8M | $327.7M | $127.3M |
| Cash From Financing | $222.6M | -$496.8M | -$479.2M | -$265.1M | $357.2M | -$243.1M |
| Free Cash Flow | — | — | — | $513.2M | -$666.7M | $115.7M |
Figures from Radian's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Radian financials page for every line item.
Radian Company Profile
| Ticker | RDN |
|---|---|
| Exchange | NYSE |
| Industry | Surety Insurance |
| Headquarters | Wayne, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000890926 |
Frequently Asked Questions
What was Radian's revenue in fiscal 2025?
Radian (RDN) reported revenue of $1.20B for fiscal 2025.
What is Radian's annual revenue history?
Radian's annual revenue by fiscal year: 2020: $1.44B; 2021: $1.33B; 2022: $1.19B; 2023: $1.24B; 2024: $1.29B; 2025: $1.20B.
What was Radian's net income in fiscal 2025?
Radian reported net income of $582.6M for fiscal 2025.
What was Radian's earnings per share (EPS) in fiscal 2025?
Radian's diluted EPS was $4.14 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Radian generate in fiscal 2025?
Radian generated $115.7M of free cash flow in fiscal 2025.
What was Radian's revenue last quarter?
In its most recent reported quarter (2026 Q2), Radian reported revenue of $575.0M.
How much debt does Radian have?
Radian reported $1.11B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Radian are outstanding?
Radian reported a weighted average of 135.4 million basic shares outstanding in 2026 Q2.
What is Radian's market cap?
Based on its latest closing price, Radian (RDN) has a market capitalization of about $4.60B.
When does Radian's fiscal year end?
Radian's fiscal year end, as registered with the SEC, is December 31.
Where is Radian headquartered?
Radian lists its business address in Wayne, Pennsylvania in its SEC filings.