Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 334M | 4% |
| Gross Profit | 304M | 1.5% |
| Cost of Revenue | 30M | 139.1% |
| Operating expense | 86M | 6.3% |
| Net Income | 152M | 0% |
| EBITDA | 195M | 822% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.42B | 3.6% |
| Total Liabilities | 3.72B | 2% |
| Total Equity | 4.7B | 4.8% |
| Shares Outstanding | 150M | 0.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -238M | 14.8% |
| Cash from investing | 367M | 35545.6% |
| Cash from financing | -115M | 158.7% |
EPS
Financial Highlights for Radian Group in Q3 '24
Radian Group reported a revenue of 334M, which is a 4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 304M, marking a -1.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 30M, a 139.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 86M, showing a -6.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 152M, showing a -0% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 195M, showing a 822% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Radian Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
