Filing Flows › Radian Group (RDN) › Q1 2026
Radian Group (RDN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Radian Group (RDN) reported revenue of $466M for the first quarter 2026 (Q1 2026), +58% from a year earlier and +55% from the quarter before. Operating margin was 37.2%, net earnings $124M (26.6% of revenue).
Radian Group, Q1 2026: revenue $466M (+58% year over year), operating margin 37.2%, net earnings $124M, operating cash flow $285M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $466M | +55% | +58% |
| Operating profit | $174M | -14% | -13% |
| Net earnings | $124M | -22% | -14% |
| Operating cash flow | $285M | -30% | +320% |
| Free cash flow | $284M | -30% | +326% |
What changed
Revenue was $466.3M in Q1 2026, up 58% year over year and up 55% from the previous quarter.
Operating profit was $173.7M, a 37.2% margin (down 30.2 points year over year). Operating profit fell $25.0M even though revenue rose $171.5M versus Q1 2025, so costs grew faster than sales. Total costs grew 204% against revenue growth of 58%. Net earnings were $124.1M, down 14% year over year. The effective tax rate was 26.3%.
Operating cash flow was $285.0M (up 320% year over year), 230% of net earnings. Working capital and other items added $160.9M. Capital expenditures of $749K left free cash flow of $284.3M.
Questions
What was Radian Group's revenue in the first quarter 2026?
Radian Group (RDN) reported revenue of $466M for the first quarter 2026 (Q1 2026), +58% from a year earlier and +55% from the quarter before.
Was Radian Group profitable in the first quarter 2026?
Operating profit was $174M (37.2% of revenue) and net earnings $124M.
Source: Radian Group 10-Q on SEC EDGAR.