Radian Group Inc
NYSE: RDN · FINANCIAL SERVICES · INSURANCE - SPECIALTY
Updated 2026-06-05
Radian Group Inc (RDN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.33B | $201.05M | $1.81B | $1.31B | $417.46M | $1.95B | $902.74M | $749.91M | $1.07B | $1.19B | $1.24B | $1.22B | $1.27B | $1.53B | $1.44B | $1.33B | $1.19B | $1.24B | $1.29B | $1.25B |
| Revenue growth (YoY) | — | -84.9% | +799.3% | -27.4% | -68.2% | +366.6% | -53.7% | -16.9% | +43.0% | +11.2% | +3.8% | -1.4% | +4.2% | +19.9% | -5.7% | -7.7% | -10.4% | +4.2% | +4.0% | -3.4% |
| Cost of revenue | $111.61M | $1.80B | $2.71B | $1.46B | $1.79B | $1.34B | $955.68M | $591.23M | $315.21M | $314.72M | $340.44M | $264.03M | $228.03M | $265.67M | $602.17M | $153.62M | $-231.96M | $386.07M | $63.07M | $96.10M |
| Gross profit | $1.22B | $-1.60B | $-897.98M | $-148.73M | $-1.38B | $605.65M | $-52.94M | $158.67M | $757.48M | $878.53M | $898.01M | $957.60M | $1.04B | $1.26B | $837.70M | $1.18B | $1.42B | $854.52M | $1.23B | $1.15B |
| Gross margin | 91.6% | -795.5% | -49.7% | -11.3% | -329.4% | 31.1% | -5.9% | 21.2% | 70.6% | 73.6% | 72.5% | 78.4% | 82.1% | 82.6% | 58.2% | 88.4% | 119.5% | 68.9% | 95.1% | 92.3% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | — | $175.81M | $196.67M | $284.53M | $0.00 | $0.00 | $244.90M | $267.32M | $280.82M | $306.13M | $280.71M | $323.69M | $381.15M | $264.73M | $259.13M | $156.31M |
| Operating income | $813.27M | $-2.07B | $-674.13M | $-242.28M | $-1.58B | $368.51M | $-272.43M | $-173.35M | $407.16M | $437.83M | $483.69M | $346.74M | $684.19M | $848.99M | $479.44M | $764.83M | $952.78M | $767.49M | $771.29M | $763.15M |
| Operating margin | 61.2% | -1029.0% | -37.3% | -18.4% | -378.4% | 18.9% | -30.2% | -23.1% | 38.0% | 36.7% | 39.1% | 28.4% | 53.7% | 55.6% | 33.3% | 57.5% | 80.0% | 61.9% | 59.8% | 61.2% |
| EBITDA | $898.41M | $-2.00B | $-604.43M | $-176.19M | $-1.50B | $493.03M | $-167.34M | $-29.00M | $563.57M | $610.56M | $635.83M | $495.33M | $814.77M | $978.03M | $622.32M | $924.76M | $1.11B | $767.49M | $953.78M | $872.38M |
| EBITDA margin | 67.7% | -993.0% | -33.4% | -13.4% | -358.9% | 25.3% | -18.5% | -3.9% | 52.5% | 51.2% | 51.3% | 40.5% | 64.0% | 64.1% | 43.2% | 69.6% | 93.5% | 61.9% | 73.9% | 69.9% |
| EBIT | $861.42M | $-2.02B | $-620.62M | $-196.27M | $-1.54B | $429.91M | $-220.60M | $-98.73M | $497.62M | $528.93M | $564.82M | $409.50M | $745.68M | $905.30M | $550.59M | $849.29M | $1.04B | $767.49M | $875.03M | $828.70M |
| Interest expense | $48.15M | $53.07M | $53.51M | $46.01M | $41.78M | $61.39M | $51.83M | $74.62M | $90.46M | $91.10M | $81.13M | $62.76M | $61.49M | $56.31M | $71.15M | $84.46M | $84.45M | $89.69M | $103.74M | $65.56M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $582.17M | $-1.29B | $-410.58M | $-147.88M | $-1.81B | $302.15M | $-451.47M | $-196.99M | $959.52M | $286.92M | $308.25M | $121.09M | $606.01M | $672.31M | $393.63M | $600.67M | $742.93M | $603.12M | $604.44M | $582.80M |
| Net income growth (YoY) | — | -321.6% | +68.2% | +64.0% | -1121.2% | +116.7% | -249.4% | +56.4% | +587.1% | -70.1% | +7.4% | -60.7% | +400.5% | +10.9% | -41.5% | +52.6% | +23.7% | -18.8% | +0.2% | -3.6% |
| Profit margin | 43.8% | -641.8% | -22.7% | -11.3% | -432.6% | 15.5% | -50.0% | -26.3% | 89.5% | 24.0% | 24.9% | 9.9% | 47.6% | 44.0% | 27.3% | 45.2% | 62.4% | 48.6% | 46.8% | 46.7% |
Frequently asked questions
What is Radian Group Inc's revenue?
Radian Group Inc's trailing twelve-month revenue is $1.37B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is RDN?
In its most recent fiscal year, RDN ran a gross margin of 92.30%, an operating margin of 61.19%, and a net margin of 46.73%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does RDN generate?
RDN produced $336.58M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is RDN's balance sheet healthy?
RDN holds $24.83M in cash and equivalents against $1.11B in long-term debt, on $4.78B of shareholder equity. That debt is best read against the cash flow the business throws off each year.