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Side-by-side financial comparison of Bandwidth Inc. (BAND) and RADIAN GROUP INC (RDN). Click either name above to swap in a different company.
RADIAN GROUP INC is the larger business by last-quarter revenue ($300.5M vs $208.8M, roughly 1.4× Bandwidth Inc.). RADIAN GROUP INC runs the higher net margin — 51.5% vs 1.9%, a 49.6% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 2.7%). RADIAN GROUP INC produced more free cash flow last quarter ($115.7M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -0.2%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
Radian Group Inc. is a mortgage insurance company with a suite of mortgage, risk, real estate, and title services.
BAND vs RDN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $300.5M |
| Net Profit | $4.0M | $154.8M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 76.2% |
| Net Margin | 1.9% | 51.5% |
| Revenue YoY | 20.1% | 2.7% |
| Net Profit YoY | 200.0% | 4.4% |
| EPS (diluted) | $-0.08 | $1.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $300.5M | ||
| Q3 25 | $191.9M | $303.2M | ||
| Q2 25 | $180.0M | $298.6M | ||
| Q1 25 | $174.2M | $294.8M | ||
| Q4 24 | $210.0M | $292.7M | ||
| Q3 24 | $193.9M | $313.4M | ||
| Q2 24 | $173.6M | $298.6M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $154.8M | ||
| Q3 25 | $-1.2M | $141.4M | ||
| Q2 25 | $-4.9M | $141.8M | ||
| Q1 25 | $-3.7M | $144.6M | ||
| Q4 24 | — | $148.3M | ||
| Q3 24 | $413.0K | $151.9M | ||
| Q2 24 | $4.1M | $151.9M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | 97.2% | ||
| Q1 25 | 41.0% | 97.0% | ||
| Q4 24 | 36.4% | 96.6% | ||
| Q3 24 | 37.7% | 97.0% | ||
| Q2 24 | 37.3% | 96.8% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 76.2% | ||
| Q3 25 | -1.0% | 65.5% | ||
| Q2 25 | -2.1% | 58.6% | ||
| Q1 25 | -2.7% | 63.9% | ||
| Q4 24 | -1.3% | 83.6% | ||
| Q3 24 | -0.5% | 68.4% | ||
| Q2 24 | -3.5% | 63.0% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 51.5% | ||
| Q3 25 | -0.6% | 46.7% | ||
| Q2 25 | -2.7% | 47.5% | ||
| Q1 25 | -2.1% | 49.0% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | 0.2% | 48.5% | ||
| Q2 24 | 2.3% | 50.9% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $1.11 | ||
| Q3 25 | $-0.04 | $1.03 | ||
| Q2 25 | $-0.16 | $1.02 | ||
| Q1 25 | $-0.13 | $0.98 | ||
| Q4 24 | $0.27 | $0.97 | ||
| Q3 24 | $0.01 | $0.99 | ||
| Q2 24 | $-0.17 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $24.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $4.8B |
| Total Assets | $984.2M | $8.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $24.8M | ||
| Q3 25 | $80.4M | $15.3M | ||
| Q2 25 | $68.1M | $22.1M | ||
| Q1 25 | $41.7M | $24.2M | ||
| Q4 24 | $83.8M | $19.2M | ||
| Q3 24 | $79.9M | $28.1M | ||
| Q2 24 | $76.4M | $13.8M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $4.8B | ||
| Q3 25 | $392.7M | $4.7B | ||
| Q2 25 | $384.5M | $4.5B | ||
| Q1 25 | $345.4M | $4.6B | ||
| Q4 24 | $312.5M | $4.6B | ||
| Q3 24 | $336.6M | $4.7B | ||
| Q2 24 | $307.4M | $4.5B |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $8.1B | ||
| Q3 25 | $1.0B | $8.2B | ||
| Q2 25 | $1.0B | $9.6B | ||
| Q1 25 | $964.4M | $8.8B | ||
| Q4 24 | $989.2M | $8.7B | ||
| Q3 24 | $1.0B | $8.4B | ||
| Q2 24 | $1.0B | $8.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $119.9M |
| Free Cash FlowOCF − Capex | $-1.0M | $115.7M |
| FCF MarginFCF / Revenue | -0.5% | 38.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-174.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $119.9M | ||
| Q3 25 | $22.2M | $358.4M | ||
| Q2 25 | $31.7M | $-713.3M | ||
| Q1 25 | $-3.1M | $67.8M | ||
| Q4 24 | $36.5M | $-663.6M | ||
| Q3 24 | $20.5M | $-237.9M | ||
| Q2 24 | $24.4M | $-207.3M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $357.6M | ||
| Q2 25 | — | $-714.6M | ||
| Q1 25 | — | $66.6M | ||
| Q4 24 | — | $-665.1M | ||
| Q3 24 | — | $-239.2M | ||
| Q2 24 | — | $-208.3M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 38.5% | ||
| Q3 25 | — | 117.9% | ||
| Q2 25 | — | -239.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | -227.3% | ||
| Q3 24 | — | -76.3% | ||
| Q2 24 | — | -69.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.77× | ||
| Q3 25 | — | 2.53× | ||
| Q2 25 | — | -5.03× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | -4.47× | ||
| Q3 24 | 49.55× | -1.57× | ||
| Q2 24 | 6.03× | -1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
