Radian (RDN) Operating Expenses (2010 - 2026)
Radian's Operating Expenses came in at $424.24 million for Q2 2026, up 301.1% from $105.77 million a year earlier and up 45.0% from the prior quarter.
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Analysis
Radian (RDN) Operating Expenses (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Radian reported Operating Expenses of $920.88 million, up 140.3% year-over-year; for FY2025, it came in at $405.86 million, up 12.5% from FY2024.
- Operating Expenses has increased in each of the last three years, though with a five-year compound annual growth rate of -15.8% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $360.69 million in FY2024 (+15.1%), $313.42 million in FY2023 (+31.7%), $237.95 million in FY2022 (-57.9%) and $565.1 million in FY2021 (-41.1%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q1 2011.
- Year-over-year, Operating Expenses has increased for four consecutive quarters, with growth averaging 68.6% over the last seven quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q2 2026 (growth of 301.1%), and the weakest in Q2 2022 (a decline of 81.0%).
- Business Quant data shows RDN's Operating Expenses at $292.67 million (Q1 2026), $99.47 million (Q4 2025) and $104.49 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | 5.51 Bn |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | 9.39 Bn |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | -902.21 Mn |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | 18.12 Bn |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | 3.59 Bn |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | 14.45 Bn |
| 10 | Radian | 4.41 Bn | 725.14 Mn | 380.01 Mn | 424.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 424.24 Mn |
| Mar 31, 2026 | 292.67 Mn |
| Dec 31, 2025 | 99.47 Mn |
| Sep 30, 2025 | 104.49 Mn |
| Jun 30, 2025 | 105.77 Mn |
| Mar 31, 2025 | 96.13 Mn |
| Dec 31, 2024 | 82.29 Mn |
| Sep 30, 2024 | 99.07 Mn |
| Jun 30, 2024 | 133.02 Mn |
| Mar 31, 2024 | 120.77 Mn |
| Dec 31, 2023 | -10.85 Mn |
| Sep 30, 2023 | 111.53 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 |
API Access
Radian Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RDN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();