Source: Radian Group, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$1.24B
$1.22B
$1.27B
$1.53B
$1.44B
$1.33B
$1.19B
$1.18B
$1.21B
$1.20B
Cost of revenue
$114.17M
$104.60M
$98.12M
$108.32M
$86.07M
$103.71M
$82.36M
$38.49M
$38.27M
—
Gross profit
$1.12B
$1.12B
$1.17B
$1.42B
$1.35B
$1.23B
$1.11B
$1.14B
$1.17B
—
Interest expense
$81.13M
$62.76M
$61.49M
$56.31M
$71.15M
$84.34M
$84.45M
$86.19M
$88.01M
$68.29M
Pre-tax income
$483.69M
$346.74M
$684.19M
$848.99M
$479.44M
$764.83M
$952.78M
$863.88M
$845.61M
$791.23M
Income tax
$175.43M
$225.65M
$78.17M
$176.68M
$85.81M
$164.16M
$209.84M
$188.02M
$185.29M
$173.05M
Net income
$308.25M
$121.09M
$606.01M
$672.31M
$393.63M
$600.67M
$742.93M
$603.12M
$604.44M
$582.64M
EPS (basic)
$1.46
$0.56
$2.83
$3.22
$2.01
$3.19
$4.42
$3.81
$3.96
$4.18
EPS (diluted)
$1.37
$0.55
$2.77
$3.20
$2.00
$3.16
$4.35
$3.77
$3.92
$4.14
Diluted shares
229.26M
220.41M
218.55M
210.34M
196.64M
190.26M
170.66M
160.13M
154.19M
140.81M
Gross margin
90.8%
91.4%
92.3%
92.9%
94.0%
92.2%
93.1%
96.7%
96.8%
—
Net margin
24.9%
9.9%
47.6%
44.0%
27.4%
45.2%
62.4%
51.2%
50.1%
48.7%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$52.15M
$80.57M
$95.39M
$92.73M
$87.92M
$151.15M
$56.18M
$19.00M
$19.22M
$24.83M
Goodwill
—
—
—
—
$9.80M
$9.80M
$9.80M
$0
$0
—
Total assets
$5.86B
$5.90B
$6.31B
$6.81B
$7.95B
$7.84B
$7.06B
$7.59B
$8.69B
$8.12B
Short-term debt
—
—
—
—
—
—
—
—
—
$33.32M
Long-term debt
$1.07B
$1.03B
—
—
—
—
—
—
—
$1.08B
Total debt
$1.07B
$1.03B
—
—
—
—
—
—
—
$1.11B
Total liabilities
$2.99B
$2.90B
$2.83B
$2.76B
$3.66B
$3.58B
$3.14B
$3.20B
$4.07B
$3.34B
Shareholders' equity
$2.87B
$3.00B
$3.49B
$4.05B
$4.28B
$4.26B
$3.92B
$4.40B
$4.62B
$4.78B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$381.72M
$360.57M
$677.79M
$694.43M
$658.43M
$557.11M
$388.30M
$529.43M
-$663.57M
$119.86M
Capital expenditures
—
—
—
—
—
$12.60M
$17.67M
$8.53M
$1.56M
$4.21M
Free cash flow
$381.72M
$360.57M
$677.79M
$694.43M
$658.43M
$544.51M
$370.63M
$520.90M
-$665.13M
$115.66M
Investing cash flow
-$176.06M
-$201.49M
-$689.41M
-$302.05M
-$883.18M
-$1.86M
-$5.17M
-$300.84M
$327.75M
$127.29M
Financing cash flow
-$203.27M
-$125.08M
$22.39M
-$403.11M
$222.62M
-$496.78M
-$479.18M
-$265.09M
$357.23M
-$243.10M
Dividends paid
$2.10M
$2.15M
$2.14M
$2.06M
$97.46M
$103.30M
$135.44M
$145.91M
$151.96M
$145.62M
Share buybacks
$100.19M
$6.00K
$50.05M
$300.20M
$226.31M
$399.10M
$400.19M
$133.31M
$225.06M
$431.91M
Stock-based compensation
$16.30M
$13.49M
$17.65M
$21.41M
$19.19M
$28.36M
$38.06M
$41.13M
$38.47M
$44.70M
Depreciation & amortization
$5.60M
$58.04M
$19.40M
$20.80M
$18.30M
$16.00M
$15.00M
$12.00M
$15.00M
$10.00M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$265.36M
$301.67M
$298.58M
$313.38M
$292.67M
$294.83M
$298.55M
$303.19M
$300.51M
$466.34M
$574.96M
$624.11M
Cost of revenue
$8.95M
$9.33M
$9.54M
$9.54M
$9.87M
$8.77M
$8.42M
—
—
—
—
—
Gross profit
$256.41M
$292.34M
$289.05M
$303.84M
$282.80M
$286.06M
$290.13M
—
—
—
—
—
Interest expense
$19.66M
$29.05M
$27.06M
$21.89M
$16.55M
$16.49M
$17.43M
$17.18M
$17.19M
$20.59M
$22.31M
$21.43M
Pre-tax income
$276.21M
$198.65M
$188.12M
$214.31M
$210.38M
$198.71M
$192.79M
$198.69M
$201.04M
$173.66M
$150.72M
$228.29M
Income tax
$60.77M
$46.30M
$36.22M
$47.75M
$46.63M
$46.62M
$38.30M
$45.89M
$42.24M
$44.20M
$32.49M
$56.08M
Net income
$142.69M
$152.35M
$151.90M
$151.89M
$148.29M
$144.56M
$141.80M
$141.44M
$154.84M
$124.09M
$115.91M
$163.66M
EPS (basic)
$0.91
$0.99
$0.99
$1.00
$0.99
$0.99
$1.03
$1.04
$1.13
$0.90
$0.85
$1.23
EPS (diluted)
$0.91
$0.98
$0.98
$0.99
$0.98
$0.98
$1.02
$1.03
$1.12
$0.89
$0.85
$1.22
Diluted shares
-736.00K
155.97M
154.40M
153.07M
151.91M
147.73M
138.36M
137.93M
138.25M
138.49M
136.28M
134.38M
Gross margin
96.6%
96.9%
96.8%
97.0%
96.6%
97.0%
97.2%
—
—
—
—
—
Net margin
53.8%
50.5%
50.9%
48.5%
50.7%
49.0%
47.5%
46.7%
51.5%
26.6%
20.2%
26.2%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$19.00M
$26.99M
$13.79M
$28.06M
$19.22M
$24.18M
$22.09M
$15.26M
$24.83M
$55.45M
$119.05M
$40.92M
Goodwill
$0
—
—
—
$0
—
—
—
—
—
—
—
Total assets
$7.59B
$7.76B
$8.13B
$8.42B
$8.69B
$8.77B
$9.58B
$8.20B
$8.12B
$10.65B
$10.66B
$10.40B
Short-term debt
—
—
—
—
—
—
—
—
$33.32M
$494.73M
$535.11M
$548.42M
Long-term debt
—
—
—
—
—
—
—
—
$1.08B
$773.95M
$696.89M
$621.29M
Total debt
—
—
—
—
—
—
—
—
$1.11B
$1.27B
$1.23B
$1.17B
Total liabilities
$3.20B
$3.32B
$3.65B
$3.72B
$4.07B
$4.18B
$5.09B
$3.55B
$3.34B
$5.84B
$5.85B
$5.75B
Shareholders' equity
$4.40B
$4.44B
$4.48B
$4.70B
$4.62B
$4.59B
$4.49B
$4.65B
$4.78B
$4.81B
$4.81B
$4.65B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$264.96M
$51.04M
-$207.28M
-$237.92M
-$269.42M
$67.81M
-$713.34M
$358.40M
$406.99M
$285.02M
$342.94M
$380.15M
Capital expenditures
-$5.86M
$1.56M
$1.07M
-$1.23M
$172.00K
$1.09M
$1.20M
$1.05M
$870.00K
$749.00K
$225.00K
$1.20M
Free cash flow
$259.10M
$49.49M
-$208.35M
-$239.15M
-$269.59M
$66.72M
-$714.54M
$357.35M
$406.12M
$284.27M
$342.71M
$378.95M
Investing cash flow
-$111.40M
-$73.40M
-$1.03M
$366.86M
$35.32M
$106.24M
$125.07M
-$26.71M
-$77.32M
-$180.63M
$49.98M
-$218.15M
Financing cash flow
-$190.29M
$31.11M
$195.28M
-$114.65M
$245.50M
-$187.17M
$582.11M
-$337.84M
-$300.20M
-$55.41M
-$332.62M
-$212.20M
Dividends paid
$34.88M
$37.56M
$40.51M
$37.16M
$36.73M
$37.29M
$38.63M
$34.83M
$34.87M
$35.31M
$37.32M
$34.06M
Share buybacks
$63.29M
$50.02M
$50.02M
$49.01M
$76.02M
$208.92M
$222.99M
$0
$0
$50.01M
$80.33M
$125.49M
Depreciation & amortization
$14.41M
$14.36M
$19.91M
$12.32M
$15.15M
$14.38M
$26.72M
$2.58M
$2.76M
—
—
—
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.