Filing Flows › Radian Group (RDN) › Q2 2026
Radian Group (RDN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Radian Group (RDN) reported revenue of $575M for the second quarter 2026 (Q2 2026), +93% from a year earlier and +23% from the quarter before. Operating margin was 26.2%, net earnings $116M (20.2% of revenue).
Radian Group, Q2 2026: revenue $575M (+93% year over year), operating margin 26.2%, net earnings $116M, operating cash flow $343M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $575M | +23% | +93% |
| Operating profit | $151M | -13% | -22% |
| Net earnings | $116M | -7% | -18% |
| Operating cash flow | $343M | +20% | — |
| Free cash flow | $343M | +21% | — |
What changed
Revenue was $575.0M in Q2 2026, up 93% year over year and up 23% from the previous quarter.
Operating profit was $150.7M, a 26.2% margin (down 38.4 points year over year). Operating profit fell $42.1M even though revenue rose $276.4M versus Q2 2025, so costs grew faster than sales. Total costs grew 301% against revenue growth of 93%. Net earnings were $115.9M, down 18% year over year. The effective tax rate was 21.9%.
Operating cash flow was $342.9M, 296% of net earnings. Working capital and other items added $227.0M. Capital expenditures of $225K left free cash flow of $342.7M.
Questions
What was Radian Group's revenue in the second quarter 2026?
Radian Group (RDN) reported revenue of $575M for the second quarter 2026 (Q2 2026), +93% from a year earlier and +23% from the quarter before.
Was Radian Group profitable in the second quarter 2026?
Operating profit was $151M (26.2% of revenue) and net earnings $116M.
Source: Radian Group 10-Q on SEC EDGAR.