SequelSEC

RYAN SPECIALTY HOLDINGS, INC. RYAN

Insurance Agents, Brokers & Service · CIK 0001849253 · Fiscal year ends 1231 · Insurer

AnnualQuarterlyTTM
Revenue
$3.05B
Fiscal year ended 2025-12-31
Net income
$63.40M
Fiscal year ended 2025-12-31
Total assets
$10.56B
Fiscal year ended 2025-12-31

RYAN SPECIALTY HOLDINGS, INC. (RYAN) reported revenue of $3.05B and net income of $63.40M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from RYAN SPECIALTY HOLDINGS, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Insurance Agents, Brokers & Service.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

RYAN SPECIALTY HOLDINGS, INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$3.05B$2.52B$2.08B$1.73B$1.43B$1.02B$765.11M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$493.64M$427.81M$359.08M$289.51M$186.62M$158.54M$101.04M
Net income$63.40M$94.66M$61.04M$61.05M$65.87M$68.10M$64.17M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Pretax income$293.18M$272.55M$237.92M$179.19M$61.56M$79.46M$67.98M
Income tax expense$79.03M$42.64M$43.44M$15.94M$4.93M$8.95M$4.93M
Diluted EPSUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$453.45M$352.05M$276.18M$196.97M$138.96M$107.38M$118.18M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

RYAN SPECIALTY HOLDINGS, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$158.32M$540.20M$838.79M$992.72M$1.14B$895.70M$402.16M
Total assets$10.56B$9.65B$7.25B$6.38B$5.46B$4.53BUnavailable
Current assets$5.06B$4.79B$4.34B$3.89B$3.01B$2.49BUnavailable
Total liabilities$9.31B$8.55B$6.27B$5.57B$4.86B$4.22BUnavailable
Current liabilities$5.19B$4.55B$3.74B$3.13B$2.92B$2.48BUnavailable
Total equity incl. NCI$1.25B$1.10B$979.64M$817.81M$594.78MUnavailableUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$488.95M$389.76M$294.20M$231.42M$210.25M$177.70MUnavailable
Goodwill$3.23B$2.65B$1.65B$1.31B$1.31B$1.22B$528.51M
Long-term debt$3.29B$3.23B$1.94B$1.95B$1.57B$1.57BUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

RYAN SPECIALTY HOLDINGS, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$643.67M$514.87M$477.20M$335.51M$273.49M$135.39M$149.51M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$834.01M-$1.76B-$476.23M-$22.42M-$457.94M-$768.51M-$148.00M
Financing cash flow$78.12M$1.17B-$12.61M$314.76M$429.28M$1.13B$62.27M
Net change in cash-$96.34M-$75.53M-$11.05M$627.72M$243.96M$493.54M$64.05M
Stock-based compensation$69.45M$79.00M$69.74M$77.48M$67.53M$10.80M$8.15M
Common dividends paid$62.34M$80.24M$0$0UnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

RYAN SPECIALTY HOLDINGS, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin16.2%17.0%17.3%16.8%13.0%15.6%13.2%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue2.3%3.1%3.4%4.5%4.7%1.1%1.1%
Current ratio0.98x1.05x1.16x1.24x1.03x1.00xUnavailable
Revenue YoY growth21.3%21.1%20.4%20.4%40.7%33.1%Unavailable
Net margin2.1%3.8%2.9%3.5%4.6%6.7%8.4%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity2.62xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate27.0%15.6%18.3%8.9%8.0%11.3%7.2%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open RYAN in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-31View SEC filing
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-02-13View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-08-01View SEC filing
10-Q · Filed 2025-05-02View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.