Radian Group Inc. (RDN) Income Statement
RDN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRDN revenue and net income
Where RDN's revenue goes
2025Each bar shows an amount and its share of revenue. RDN kept 46.7% of revenue as net income.
RDN profit margins
RDN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.4% | +1.6% | −2.8% | +0.4% |
| Gross profit | −6.2% | −6.8% | +6.6% | +2.7% |
| Operating income | −1.1% | −7.1% | +9.7% | +5.7% |
| Net income | −3.6% | −7.8% | +8.2% | +7.3% |
| EPS (diluted) | +2.2% | −4.7% | +19.7% | +11.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RDN quarterly EPS vs estimates
Radian beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.30).
RDN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | $1.29B | $1.24B | $1.19B | $1.33B | $1.44B | $1.53B | $1.27B | $1.22B | $1.24B |
| Cost of revenue | $96.1M | $63.1M | $386.1M | −$232.0M | $153.6M | $602.2M | $265.7M | $228.0M | $264.0M | $340.4M |
| Gross profit | $1.15B | $1.23B | $854.5M | $1.42B | $1.18B | $837.7M | $1.26B | $1.04B | $957.6M | $898.0M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $156.3M | $259.1M | $264.7M | $381.1M | $323.7M | $280.7M | $306.1M | $280.8M | $267.3M | $244.9M |
| Total operating expenses | $387.5M | $456.3M | $438.3M | $469.9M | $410.6M | $358.3M | $412.3M | $360.8M | $610.9M | $414.3M |
| Operating income | $763.1M | $771.3M | $767.5M | $952.8M | $764.8M | $479.4M | $849.0M | $684.2M | $346.7M | $483.7M |
| Interest income | $69.0M | $103.7M | $89.7M | $84.5M | $84.3M | $71.2M | $56.3M | $61.5M | $62.8M | $81.1M |
| Interest expense | $65.6M | $103.7M | $89.7M | $84.5M | $84.5M | $71.2M | $56.3M | $61.5M | $62.8M | $81.1M |
| Income before taxes | $763.1M | $771.3M | $767.5M | $952.8M | $764.8M | $479.4M | $849.0M | $684.2M | $346.7M | $483.7M |
| Income taxes | $165.0M | $166.8M | $164.4M | $209.8M | $164.2M | $85.8M | $176.7M | $78.2M | $225.6M | $175.4M |
| Net income | $582.8M | $604.4M | $603.1M | $742.9M | $600.7M | $393.6M | $672.3M | $606.0M | $121.1M | $308.3M |
| EBITDA | $875.1M | $936.8M | $767.5M | $1.11B | $924.8M | $622.3M | $978.0M | $814.8M | $495.3M | $635.8M |
| EPS (diluted) | $4.23 | $4.14 | $3.89 | $4.89 | $3.17 | $1.72 | $3.20 | $2.69 | $1.82 | $1.57 |
| Gross margin | 92.3% | 95.1% | 68.9% | 119.5% | 88.4% | 58.2% | 82.6% | 82.1% | 78.4% | 72.5% |
| Operating margin | 61.2% | 59.8% | 61.9% | 80.0% | 57.5% | 33.3% | 55.6% | 53.7% | 28.4% | 39.1% |
| Net margin | 46.7% | 46.8% | 48.6% | 62.4% | 45.2% | 27.3% | 44.0% | 47.6% | 9.9% | 24.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $575.0M | $466.3M | $301.0M | $310.7M | $317.8M | $317.7M | $316.7M | $319.7M | $321.1M | $319.4M | $326.0M | $312.5M |
| Cost of revenue | $194.9M | $107.9M | $13.0M | $25.1M | $27.7M | $30.3M | $16.5M | $22.6M | $14.3M | $9.1M | $19.3M | $7.7M |
| Gross profit | $380.0M | $358.4M | $288.0M | $285.7M | $290.1M | $287.4M | $300.2M | $297.0M | $306.8M | $310.3M | $306.8M | $304.8M |
| Sales, general & admin | — | — | $86.5M | $69.8M | — | — | — | $70.4M | — | — | — | — |
| Total operating expenses | $229.3M | $184.7M | $86.5M | $87.0M | $115.1M | $98.9M | $111.1M | $82.7M | $118.7M | $111.7M | $126.9M | $103.9M |
| Operating income | $150.7M | $173.7M | $201.0M | $198.7M | $175.0M | $188.4M | $189.1M | $214.3M | $188.1M | $198.6M | $179.8M | $201.0M |
| Interest income | — | — | $18.4M | $17.7M | $25.9M | $22.5M | $22.5M | $29.4M | — | — | — | $24.3M |
| Interest expense | $22.3M | $20.6M | $16.7M | $17.2M | $25.9M | $22.5M | $22.5M | $21.9M | $27.1M | $24.8M | $20.5M | $23.3M |
| Income before taxes | $150.7M | $173.7M | $201.0M | $198.7M | $175.0M | $188.4M | $189.1M | $214.3M | $188.1M | $198.6M | $179.8M | $201.0M |
| Income taxes | $32.5M | $44.2M | $42.0M | $45.9M | $33.2M | $43.9M | $40.8M | $47.8M | $36.2M | $46.3M | $37.1M | $44.4M |
| Net income | $115.9M | $124.1M | $155.0M | $141.4M | $141.8M | $144.6M | $148.3M | $151.9M | $151.9M | $152.4M | $142.7M | $156.6M |
| EBITDA | $178.9M | $198.2M | $203.8M | $218.5M | $227.6M | $225.3M | $237.4M | $248.5M | $235.1M | $237.8M | $201.7M | $239.0M |
| EPS (diluted) | $1.14 | $1.23 | $1.16 | $1.07 | $1.01 | $0.99 | $1.09 | $1.03 | $0.99 | $1.03 | $0.96 | $1.04 |
| Gross margin | 66.1% | 76.9% | 95.7% | 91.9% | 91.3% | 90.5% | 94.8% | 92.9% | 95.5% | 97.2% | 94.1% | 97.5% |
| Operating margin | 26.2% | 37.2% | 66.8% | 63.9% | 55.1% | 59.3% | 59.7% | 67.0% | 58.6% | 62.2% | 55.2% | 64.3% |
| Net margin | 20.2% | 26.6% | 51.5% | 45.5% | 44.6% | 45.5% | 46.8% | 47.5% | 47.3% | 47.7% | 43.8% | 50.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RDN's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RDN financial results
In fiscal year 2025 (ended December 31, 2025), Radian reported revenue of $1.2 billion, down 3.4% from the year before. It had net income of $582.8 million (down 3.6%), a net profit margin of 46.7%. Diluted earnings per share came to $4.23. Over five years revenue grew at an average rate of −2.8% a year.
See the RDN stock overview for the latest quote and news, or the RDN chart for price history and technical indicators.
RDN income statement FAQ
What is Radian's annual revenue?
Radian reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.4% from $1.3 billion the previous year.
Is Radian profitable?
Yes. Radian reported net income of $582.8 million in fiscal 2025, a net profit margin of 46.7%; its operating margin was 61.2%.
What is Radian's gross margin?
Radian's gross margin was 92.3% in fiscal 2025: for every $100 of revenue, Radian kept $92 after the direct cost of its products and services.
How fast is Radian growing?
Revenue grew −2.8% a year on average over the last five fiscal years, from $1.4 billion to $1.2 billion.
What are Radian's earnings per share?
Radian earned $4.23 per diluted share in fiscal 2025, compared with $4.14 a year earlier.
When will Radian report its next earnings?
Radian is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Radian's fiscal year end?
Radian's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.