Ryan Specialty Holdings, Inc. (RYAN) Financial Statements
Industry: Insurance Agents, Brokers & Service
In fiscal 2025, Ryan Specialty reported revenue of $3.05B, up 21.3% from $2.52B the year before. Net income was $63.4M (a 2.1% net margin), or $0.47 per diluted share. Operating margin was 16.2%. Operating activities generated $643.7M of cash, leaving $640.7M of free cash flow. At fiscal year end, Ryan Specialty held $10.56B in total assets against $9.31B in total liabilities, including $158.3M of cash and equivalents.
Open the full interactive Ryan Specialty financials → Quarterly statements, key ratios, valuation history and price charts.
Ryan Specialty Key Stats
| Share Price | $37.85 |
|---|---|
| Market Cap | $4.97B |
| P/E Ratio | 80.5 |
| Dividend Yield | 1.29% |
| Revenue YoY Growth | +21.3% |
| 52-Week Range | $29.18 – $57.77 |
| Shares Outstanding | 125.3 million (basic, 2026 Q2) |
Ryan Specialty Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.43B | $1.73B | $2.08B | $2.52B | $3.05B |
| Operating Income | $186.6M | $289.5M | $359.1M | $427.8M | $493.6M |
| Pre-Tax Income | $61.6M | $179.2M | $237.9M | $272.6M | $293.2M |
| Income Tax | $4.9M | $15.9M | $43.4M | $42.6M | $79.0M |
| Net Income | $65.9M | $61.1M | $61.0M | $94.7M | $63.4M |
| Diluted EPS | $0.62 | $0.52 | $0.52 | $0.71 | $0.47 |
Ryan Specialty Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $754.6M | $751.2M | $795.2M | $916.6M |
| Net Income | $31.1M | $8.0M | $17.6M | $42.3M |
| Diluted EPS | $0.20 | $0.06 | $0.13 | $0.33 |
Ryan Specialty Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.14B | $1.77B | $1.76B | $540.2M | $158.3M |
| Current Assets | $3.01B | $3.89B | $4.34B | $4.79B | $5.06B |
| Total Assets | $5.46B | $6.38B | $7.25B | $9.65B | $10.56B |
| Current Liabilities | $2.92B | $3.13B | $3.74B | $4.55B | $5.19B |
| Total Long-Term Debt | $1.59B | $1.98B | $1.97B | $3.28B | $3.35B |
| Total Liabilities | $4.86B | $5.57B | $6.27B | $8.55B | $9.31B |
| Shareholders' Equity | $594.8M | $817.8M | $559.8M | $627.7M | $648.1M |
Ryan Specialty Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $273.5M | $335.5M | $477.2M | $514.9M | $643.7M |
| Cash From Investing | -$457.9M | -$22.4M | -$476.2M | -$1.76B | -$834.0M |
| Cash From Financing | $429.3M | $314.8M | -$12.6M | $1.17B | $78.1M |
| Free Cash Flow | -$69.7M | $327.8M | $477.2M | $514.9M | $640.7M |
| Dividends Paid | — | — | — | $80.2M | $61.0M |
Figures from Ryan Specialty's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ryan Specialty financials page for every line item.
Ryan Specialty Company Profile
| Ticker | RYAN |
|---|---|
| Exchange | NYSE |
| Industry | Insurance Agents, Brokers & Service |
| Headquarters | Chicago, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001849253 |
Frequently Asked Questions
What was Ryan Specialty's revenue in fiscal 2025?
Ryan Specialty (RYAN) reported revenue of $3.05B for fiscal 2025.
What is Ryan Specialty's annual revenue history?
Ryan Specialty's annual revenue by fiscal year: 2021: $1.43B; 2022: $1.73B; 2023: $2.08B; 2024: $2.52B; 2025: $3.05B.
What was Ryan Specialty's net income in fiscal 2025?
Ryan Specialty reported net income of $63.4M for fiscal 2025.
What was Ryan Specialty's earnings per share (EPS) in fiscal 2025?
Ryan Specialty's diluted EPS was $0.47 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Ryan Specialty generate in fiscal 2025?
Ryan Specialty generated $640.7M of free cash flow in fiscal 2025.
What was Ryan Specialty's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ryan Specialty reported revenue of $916.6M.
How much debt does Ryan Specialty have?
Ryan Specialty reported $3.35B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Ryan Specialty are outstanding?
Ryan Specialty reported a weighted average of 125.3 million basic shares outstanding in 2026 Q2.
What is Ryan Specialty's market cap?
Based on its latest closing price, Ryan Specialty (RYAN) has a market capitalization of about $4.97B.
When does Ryan Specialty's fiscal year end?
Ryan Specialty's fiscal year end, as registered with the SEC, is December 31.
Where is Ryan Specialty headquartered?
Ryan Specialty lists its business address in Chicago, Illinois in its SEC filings.