Radian (RDN) Operating Expenses (2010 - 2026)
Radian (RDN) posted Operating Expenses of $2.2 million for Q1 2026, down 10.53% sequentially from $2.5 million in Q4 2025, and down 22.02% YoY from $2.9 million in Q1 2025.
Radian (RDN) Operating Expenses (2010 - 2026) Analysis & Trends
Radian has reported Operating Expenses for 17 years, with the latest figure at $2.2 million in Q1 2026.
- Quarterly Operating Expenses fell 22.02% year-over-year to $2.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $112.3 million (up 169.25% YoY) and the FY2025 annual result came in at $11.4 million, down 2.23% from the prior year.
- Operating Expenses declined to $2.2 million in Q1 2026 per RDN's latest filing, from $2.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $306.3 million in Q4 2023 and troughed at -$266.8 million in Q4 2024.
- A 5-year average of $48.8 million and a median of $40.7 million in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 3947.14% in 2024, down 187.11% in 2024.
- Over 5 years, Operating Expenses stood at $111.4 million in 2022, then surged by 174.88% to $306.3 million in 2023, then plunged by 187.11% to -$266.8 million in 2024, then soared by 100.94% to $2.5 million in 2025, then fell by 10.53% to $2.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.2 million, $2.5 million, and $104.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 3.71 Bn |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 1.83 Bn |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 1.44 Bn |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 97.34 Mn |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 65.46 Mn |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 132.37 Mn |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 736.33 Mn |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 424.24 Mn |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 50.95 Mn |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 135.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 424.24 Mn |
| Mar 31, 2026 | 2.23 Mn |
| Dec 31, 2025 | 2.50 Mn |
| Sep 30, 2025 | 104.49 Mn |
| Jun 30, 2025 | 3.03 Mn |
| Mar 31, 2025 | 2.87 Mn |
| Dec 31, 2024 | -266.79 Mn |
| Sep 30, 2024 | 99.07 Mn |
| Jun 30, 2024 | 2.75 Mn |
| Mar 31, 2024 | 120.77 Mn |
| Dec 31, 2023 | 306.29 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 |