Filing Flows › Radian Group (RDN) › Q4 2025
Radian Group (RDN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Radian Group (RDN) reported revenue of $301M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -0.9% from the quarter before. Operating margin was 66.9%, net earnings $155M (51.5% of revenue).
Radian Group, Q4 2025: revenue $301M (+3% year over year), operating margin 66.9%, net earnings $155M, operating cash flow $407M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $301M | -0.9% | +3% |
| Operating profit | $201M | +1% | -4% |
| Net earnings | $155M | +9% | +4% |
| Operating cash flow | $407M | +14% | — |
| Free cash flow | $406M | +14% | — |
What changed
Revenue was $300.5M in Q4 2025, up 3% year over year and down 1% from the previous quarter.
Operating profit was $201.0M, a 66.9% margin (down 5.0 points year over year). Operating profit fell $9.3M even though revenue rose $7.8M versus a year earlier, so costs grew faster than sales. Total costs grew 21% against revenue growth of 3%. Net earnings were $154.8M, up 4% year over year. The effective tax rate was 21.0%.
Operating cash flow was $407.0M, 256% of net income including minority interests. Non-cash charges added back $2.8M of depreciation and amortization. Working capital and other items added $245.4M. Capital expenditures of $870K left free cash flow of $406.1M.
Questions
What was Radian Group's revenue in the fourth quarter 2025?
Radian Group (RDN) reported revenue of $301M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -0.9% from the quarter before.
Was Radian Group profitable in the fourth quarter 2025?
Operating profit was $201M (66.9% of revenue) and net earnings $155M.
Source: Radian Group 10-K on SEC EDGAR.