RYAN · Ryan Specialty Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $795.23M | - | $754.58M | $855.17M | $690.17M | - | $604.69M | $695.44M | $552.05M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $108.76M | - | $117.59M | $107.05M | $106.06M | - | $88.68M | $82.97M | $75.87M | - |
| Total Operating Expenses | $700.63M | - | $643.79M | $664.12M | $589.93M | - | $523.22M | $531.07M | $479.40M | - |
| D&A | $4.06M | - | $3.61M | $2.89M | $2.64M | - | $2.47M | $2.27M | $2.08M | - |
| Operating Income | $94.60M | - | $110.79M | $191.05M | $100.23M | - | $81.48M | $164.37M | $72.65M | - |
| Interest Expense | - | - | - | - | - | - | - | $31.13M | $29.40M | - |
| Income Tax | $6.51M | - | ($2.80M) | $13.03M | $55.43M | - | ($8.96M) | $18.69M | $6.43M | - |
| Net Income | $17.65M | - | $31.09M | $51.98M | ($27.64M) | - | $17.59M | $46.79M | $16.54M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $154.65M | $158.32M | $153.49M | $172.59M | $203.55M | $540.20M | $235.20M | $1.74B | $1.62B | $1.76B |
| Accounts Receivable | $565.26M | $488.95M | $439.80M | $528.56M | $432.48M | $389.76M | $334.64M | $384.41M | $299.16M | $294.19M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $5.58B | $5.06B | $4.45B | $5.27B | $4.61B | $4.79B | $4.02B | $5.12B | $4.22B | $4.34B |
| Total Assets | $11.01B | $10.56B | $9.85B | $10.63B | $9.89B | $9.65B | $8.48B | $8.27B | $7.12B | $7.25B |
| Current Liabilities | $5.46B | $5.19B | $4.46B | $5.23B | $4.40B | $4.55B | $3.97B | $4.70B | $3.68B | $3.74B |
| Long-term Debt | $3.53B | $3.29B | $3.35B | $3.41B | $3.65B | $3.23B | $2.65B | $1.94B | $1.94B | $1.94B |
| Total Liabilities | $9.79B | $9.31B | $8.62B | $9.44B | $8.83B | $8.55B | $7.38B | $7.20B | $6.14B | $6.27B |
| Stockholders' Equity | $636.20M | $648.07M | $630.47M | $610.09M | $542.52M | $627.66M | $632.83M | $605.85M | $554.35M | $559.75M |
| Retained Earnings | $120.53M | $120.35M | $128.85M | $115.35M | $79.34M | $122.94M | $124.97M | $121.56M | $88.54M | $114.42M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($167.41M) | - | - | - | ($142.82M) | - | - | - | ($116.54M) | - |
| Investing Cash Flow | ($13.27M) | - | - | - | ($573.03M) | - | - | - | ($7.63M) | - |
| Financing Cash Flow | $86.28M | - | - | - | $336.84M | - | - | - | ($10.20M) | - |
| CapEx | $0 | - | - | - | $0 | - | - | - | - | - |
| Free Cash Flow | ($167.41M) | - | - | - | ($142.82M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 11.9% | - | 14.7% | 22.3% | 14.5% | - | 13.5% | 23.6% | 13.2% | - |
| EBITDA margin | 12.4% | - | 15.2% | 22.7% | 14.9% | - | 13.9% | 24.0% | 13.5% | - |
| Net margin | 2.2% | - | 4.1% | 6.1% | -4.0% | - | 2.9% | 6.7% | 3.0% | - |
| Free cash flow margin | -21.1% | - | - | - | -20.7% | - | - | - | - | - |
| FCF / Net income | -9.49 | - | - | - | 5.17 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.7% | - | 15.6% | 12.5% | 15.4% | - | 14.7% | 11.9% | 13.7% | - |
| Effective tax rate | 26.9% | - | -9.9% | 20.0% | 199.5% | - | -103.9% | 28.5% | 28.0% | - |
| Return on assets | 0.2% | - | 0.3% | 0.5% | -0.3% | - | 0.2% | 0.6% | 0.2% | - |
| Return on equity | 2.8% | - | 4.9% | 8.5% | -5.1% | - | 2.8% | 7.7% | 3.0% | - |
| Return on invested capital | 1.7% | - | 2.8% | 3.8% | 1.2% | - | 2.5% | 4.6% | 2.1% | - |
| Liquidity | ||||||||||
| Current ratio | 1.02 | 0.98 | 1.00 | 1.01 | 1.05 | 1.05 | 1.01 | 1.09 | 1.15 | 1.16 |
| Quick ratio | 1.02 | 0.98 | 1.00 | 1.01 | 1.05 | 1.05 | 1.01 | 1.09 | 1.15 | 1.16 |
| Cash ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.05 | 0.12 | 0.06 | 0.37 | 0.44 | 0.47 |
| Leverage | ||||||||||
| Debt / Equity | 5.55 | 5.08 | 5.31 | 5.59 | 6.73 | 5.15 | 4.18 | 3.20 | 3.50 | 3.47 |
| Debt / Assets | 0.32 | 0.31 | 0.34 | 0.32 | 0.37 | 0.33 | 0.31 | 0.23 | 0.27 | 0.27 |
| Debt / EBITDA | 35.82 | - | 29.28 | 17.58 | 35.51 | - | 31.53 | 11.65 | 25.99 | - |
| Interest coverage | - | - | - | - | - | - | - | 5.3x | 2.5x | - |
| Equity multiplier | 17.31 | 16.30 | 15.63 | 17.42 | 18.23 | 15.37 | 13.40 | 13.65 | 12.84 | 12.95 |
| Liabilities / Assets | 0.89 | 0.88 | 0.87 | 0.89 | 0.89 | 0.89 | 0.87 | 0.87 | 0.86 | 0.86 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.08 | 0.08 | 0.07 | - | 0.07 | 0.08 | 0.08 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 259d | - | 213d | 226d | 229d | - | 202d | 202d | 198d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 15.2% | - | 24.8% | 23.0% | 25.0% | - | 20.5% | 18.8% | 20.6% | - |
| Revenue CAGR (3y) | 20.2% | - | 22.3% | 20.3% | 30.4% | - | 36.7% | 21.3% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -5.6% | - | 36.0% | 16.2% | 38.0% | - | 16.7% | 33.8% | 3.7% | - |
| Net income growth (YoY) | - | - | 76.7% | 11.1% | - | - | - | 55.6% | 25.6% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -17.2% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 17.3% | 3.3% | -0.4% | 0.7% | -2.1% | 12.1% | 32.3% | -35.8% | -34.9% | -31.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.99B totalReporting Segment$2.99B · 100.0%
Product / service
$2.99B totalWholesale Brokerage$1.60B · 53.4%
Underwriting Management$1.02B · 34.2%
Binding Authorities$370.15M · 12.4%
Geographic
$3.05B totalUS$2.86B · 93.9%
Non Us$186.88M · 6.1%
Peer comparison
Same SIC group: Insurance Agents, Brokers & Service
Comparing RYAN SPECIALTY HOLDINGS against the 5 most active filers in the same SIC group.
Dividends
$0.50/share trailing 12 months · +8.7% YoY
| Ex-date | Per share |
|---|---|
| May 12, 2026 | $0.1300 |
| Feb 24, 2026 | $0.1300 |
| Nov 10, 2025 | $0.1200 |
| Aug 12, 2025 | $0.1200 |
| May 13, 2025 | $0.1200 |
| Mar 4, 2025 | $0.1200 |
| Nov 12, 2024 | $0.1100 |
| Aug 13, 2024 | $0.1100 |
| May 13, 2024 | $0.1100 |
| Mar 12, 2024 | $0.3400 |