Radian (RDN) Operating Expenses (2010 - 2026)
Radian's (RDN) quarterly Operating Expenses came in at $292.7 million in Q1 2026, up 10115.5% year-on-year from N/an in Q1 2025, and up 194.22% quarter-over-quarter from $99.5 million in Q4 2025.
Radian (RDN) Operating Expenses (2010 - 2026) Analysis & Trends
Radian has disclosed Operating Expenses across 17 years of filings, most recently posting $292.7 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $292.7 million, up 10115.5% year-over-year; the trailing twelve-month figure through Mar 2026 was $398.2 million (up 112.94% YoY), and the FY2025 annual result was $405.9 million, up 12.52% from the prior year.
- Operating Expenses came in at $292.7 million for Q1 2026 at Radian, up from $99.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $292.7 million in Q1 2026 to a low of -$314.3 million in Q4 2023.
- The 5-year median for Operating Expenses is $58.8 million (2022), against an average of $49.7 million.
- Across the five-year window, Operating Expenses sank 382.11% in 2023 and surged 10115.5% in 2026, its largest moves.
- Radian's Operating Expenses stood at $111.4 million in 2022, then tumbled by 382.11% to -$314.3 million in 2023, then jumped by 126.18% to $82.3 million in 2024, then gained by 20.89% to $99.5 million in 2025, then soared by 194.22% to $292.7 million in 2026.
- The last three Operating Expenses figures came in at $292.7 million (Q1 2026), $99.5 million (Q4 2025), and $3.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 2.73 Bn |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | 1.34 Bn |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 1.68 Bn |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 98.69 Mn |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 90.25 Mn |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | 129.35 Mn |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 292.67 Mn |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | 700.63 Mn |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 227.00 Mn |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 58.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 292.67 Mn |
| Dec 31, 2025 | 99.47 Mn |
| Sep 30, 2025 | 2.97 Mn |
| Jun 30, 2025 | 3.03 Mn |
| Mar 31, 2025 | 2.87 Mn |
| Dec 31, 2024 | 82.29 Mn |
| Sep 30, 2024 | 99.07 Mn |
| Jun 30, 2024 | 2.75 Mn |
| Mar 31, 2024 | 120.77 Mn |
| Dec 31, 2023 | -314.34 Mn |
| Sep 30, 2023 | 2.45 Mn |
| Jun 30, 2023 | 106.90 Mn |
| Mar 31, 2023 | 105.84 Mn |
| Dec 31, 2022 | 111.43 Mn |
| Sep 30, 2022 | 40.73 Mn |
| Jun 30, 2022 | 26.95 Mn |
| Mar 31, 2022 | 58.84 Mn |
| Dec 31, 2021 | 91.86 Mn |
| Sep 30, 2021 | 164.12 Mn |
| Jun 30, 2021 | 141.50 Mn |