RYAN
$37.67-1.88%
as of close, Oct 2, 2026
☾ AH $37.67 -1.88%
Ryan Specialty Holdings Inc.Stock · FinanceUS Stock Market 0.006%Russell 1000 0.006%Russell 3000 0.005%
RYAN financial statements
The full income statement, balance sheet, and cash-flow statement for Ryan Specialty Holdings Inc. (RYAN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 261.8M2024-09 261.8M2024-12 261.9M2025-03 262.4M2025-06 263.7M2025-09 263.8M2025-12 264.2M2026-03 263.7M2026-06 255.8M-2.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.99B+19.0% | 2.52B+21.1% | 2.08B+21.4% | 1.71B+19.5% | 1.43B+40.7% | |
| 2.56B+22.5% | 2.09B+21.5% | 1.72B+19.7% | 1.44B+15.2% | 1.25B+44.9% | ||
| Selling, general & administrative | 453M+28.8% | 352M+27.5% | 276M+40.2% | 197M+41.8% | 139M+29.4% | |
| General & administrative | 453M+28.8% | 352M+27.5% | 276M+40.2% | 197M+41.8% | 139M+29.4% | |
| Restructuring | — | 82.4M+46.2% | 56.4M+885.8% | 5.72M-60.2% | 14.4M+32.7% | |
| Amortization of intangibles | 274M+73.9% | 158M+47.8% | 107M+3.1% | 104M-3.8% | 108M+69.3% | |
| Provision for credit losses | 5.99M+63.3% | 3.67M+66.6% | 2.20M+94.3% | 1.13M-49.2% | 2.23M+6.5% | |
| Operating income | 494M+15.4% | 428M+19.1% | 359M+24.0% | 290M+55.1% | 187M+17.7% | |
| Interest expense | — | — | 120M+14.0% | 105M+32.1% | 79.4M+68.0% | |
| Other non-operating income | 692K+104.6% | -15.0M-44.9% | -10.4M-104.6% | -5.07M+88.7% | -44.9M-39.3% | |
| Equity-method income | 21.2M+16.5% | 18.2M+108.8% | 8.73M+2208.9% | -414K+45.5% | -759K-272.5% | |
| Pre-tax income | 293M+7.6% | 273M+14.6% | 238M+32.8% | 179M+191.1% | 61.6M-22.5% | |
| Income tax | 79.0M+85.3% | 42.6M-1.9% | 43.4M+172.6% | 15.9M+223.1% | 4.93M-44.9% | |
| 63.4M-33.0% | 94.7M+55.1% | 61.0M-0.0% | 61.1M-7.3% | 65.9M-3.3% | ||
| Net income to non-controlling interest | 151M+11.5% | 135M+1.4% | 133M+30.6% | 102M+1206.0% | -9.24M-483.6% | |
| Preferred dividends | — | — | — | 0.00 | 0.00-100.0% | |
| Net income to common | 63.4M-33.0% | 94.7M+55.1% | 61.0M-1.3% | 61.9M+975.7% | -7.06M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.06B+5.7% | 4.79B+10.5% | 4.34B+11.3% | 3.89B+29.3% | 3.01B+20.8% | ||
| Cash & equivalents | 158M-70.7% | 540M-35.6% | 839M-15.5% | 993M-12.9% | 1.14B+27.2% | |
| Accounts receivable | 489M+25.4% | 390M+32.5% | 294M+27.1% | 231M+10.1% | 210M+18.3% | |
| Prepaid expenses | 13.6M+47.0% | 9.22M+5.7% | 8.72M+1.6% | 8.58M+11.1% | 7.73M-12.6% | |
| Other current assets | 100M-8.7% | 110M+76.7% | 62.2M+25.2% | 49.7M+212.9% | 15.9M-0.8% | |
| 10.6B+9.5% | 9.65B+33.2% | 7.25B+13.5% | 6.38B+16.9% | 5.46B+20.5% | ||
| Property, plant & equipment | 69.5M+38.3% | 50.2M+18.3% | 42.4M+35.7% | 31.3M+104.5% | 15.3M-12.2% | |
| Operating lease right-of-use | 130M-2.1% | 133M+4.3% | 128M-11.2% | 144M+69.7% | 84.8M-9.5% | |
| Goodwill | 3.23B+21.9% | 2.65B+60.7% | 1.65B+25.2% | 1.31B+0.4% | 1.31B+6.9% | |
| Intangible assets | 120M+43.0% | 83.7M+118.7% | 38.3M+30.5% | 29.3M-94.9% | 574M-5.1% | |
| Deferred tax assets | 310M-30.8% | 448M+16.8% | 384M-3.3% | 397M+3.7% | 383M | |
| Other non-current assets | 14.6M-21.7% | 18.6M-52.7% | 39.3M-31.0% | 57.0M+428.2% | 10.8M-12.2% | |
| Total non-current assets | 5.50B+13.2% | 4.86B+67.0% | 2.91B+16.9% | 2.49B+1.7% | 2.45B+20.2% | |
| 5.19B+14.1% | 4.55B+21.5% | 3.74B+19.5% | 3.13B+7.4% | 2.92B+17.6% | ||
| Accrued liabilities | 284M+14.1% | 249M+82.8% | 136M+14.6% | 119M+19.7% | 99.4M-14.0% | |
| Short-term & current debt | 60.2M+16.3% | 51.7M+46.2% | 35.4M+15.7% | 30.6M+30.3% | 23.5M+22.5% | |
| Current lease liability | 26.0M+17.6% | 22.1M+3.5% | 21.4M-6.0% | 22.7M+21.1% | 18.8M-5.5% | |
| Finance lease liability (current) | — | — | — | 35.0K-10.3% | 39.0K-73.5% | |
| 9.31B+8.9% | 8.55B+36.4% | 6.27B+12.6% | 5.57B+14.4% | 4.86B+15.3% | ||
| Long-term debt | 3.29B+1.9% | 3.23B+66.2% | 1.94B-0.4% | 1.95B+24.6% | 1.57B+0.0% | |
| Non-current lease liability | 153M-3.9% | 159M+3.1% | 154M+1.7% | 152M+104.3% | 74.4M-11.2% | |
| Operating lease liability (total) | 179M-1.2% | 181M+3.1% | 176M+0.7% | 175M+87.5% | 93.2M | |
| Finance lease liability (total) | — | — | 0.00-100.0% | 57.0K-40.6% | 96.0K-57.3% | |
| Finance lease liability | — | — | — | 22.0K-61.4% | 57.0K-26.9% | |
| Deferred tax liabilities | 49.8M+24.8% | 39.9M+72485.5% | 55.0K-90.2% | 562K-10.9% | 631K+9.4% | |
| Other non-current liabilities | 97.9M+13.0% | 86.6M+110.7% | 41.1M+84.1% | 22.3M-19.3% | 27.7M+65.6% | |
| Total non-current liabilities | 4.12B+3.0% | 4.00B+58.6% | 2.52B+3.8% | 2.43B+25.0% | 1.95B+12.1% | |
| 648M+3.3% | 628M+12.1% | 560M+17.0% | 478M-19.6% | 595M | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Additional paid-in capital | 514M+1.5% | 506M+14.5% | 442M+5.7% | 418M+19.9% | 349M | |
| Retained earnings | 120M-2.1% | 123M+7.4% | 114M+111.9% | 54.0M+864.3% | -7.06M+98.0% | |
| Accumulated other comprehensive income | 13.8M+870.9% | -1.80M-158.4% | 3.08M-49.0% | 6.04M+252.1% | 1.71M-36.6% | |
| Non-controlling interest | 606M+28.8% | 471M+12.1% | 420M+23.7% | 339M | — | |
| Total equity incl. non-controlling | 1.25B+14.2% | 1.10B+12.1% | 980M+19.8% | 818M+37.5% | 595M | |
| Total liabilities & equity | 10.6B+9.5% | 9.65B+33.2% | 7.25B+13.5% | 6.38B+16.9% | 5.46B+20.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 644M+25.0% | 515M+7.9% | 477M+42.2% | 336M+22.7% | 273M+102.0% | ||
| Depreciation & amortization | 287M+71.5% | 168M+44.7% | 116M+6.0% | 109M-2.9% | 113M+66.6% | |
| Intangible amortization | 274M+73.9% | 158M+47.8% | 107M+3.1% | 104M-3.8% | 108M+69.3% | |
| Share-based compensation | 69.5M-12.1% | 79.0M+13.3% | 69.7M-10.0% | 77.5M+14.7% | 67.5M+525.3% | |
| Deferred income taxes | 26.0M+55.1% | 16.8M+135.5% | 7.13M-20.6% | 8.99M+878.7% | -1.15M-668.5% | |
| -834M+52.5% | -1.76B-268.7% | -476M-2024.1% | -22.4M+95.1% | -458M+40.4% | ||
| Capital expenditure | 3.01M | 0.00 | 0.00-100.0% | 7.71M-97.8% | 343M+6453.8% | |
| Free cash flow | 641M+24.4% | 515M+7.9% | 477M+45.6% | 328M+570.5% | -69.7M-153.5% | |
| Acquisitions | 746M-56.3% | 1.71B+282.5% | 447M | 0.00 | 0.00 | |
| Purchases of investments | — | — | — | 0.00 | 0.00-100.0% | |
| Proceeds from sale of PP&E | — | — | — | — | 0.00 | |
| 78.1M-93.3% | 1.17B+9353.4% | -12.6M-104.0% | 315M-26.7% | 429M-61.9% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 78.3M | |
| Dividends paid | 62.3M-22.3% | 80.2M | 0.00 | 0.00 | 0.00 | |
| Other financing activities | — | 0.00 | 0.00+100.0% | -36.0K+72.1% | -129K | |
| FX effect on cash | — | — | — | — | -883K-165.3% | |
| Net change in cash | -96.3M-27.6% | -75.5M-583.3% | -11.1M-101.8% | 628M+157.3% | 244M-50.6% | |
| Interest paid | 196M+43.1% | 137M+6.7% | 128M+45.1% | 88.5M+11.5% | 79.4M+93.4% | |
| Income taxes paid | 14.3M-47.5% | 27.3M+66.6% | 16.4M+46.1% | 11.2M+66.0% | 6.76M-10.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 13.6B-18.8% | 16.8B | — | — | 10.5B | |
| P/E | 215.1×+21.2% | 177.5× | — | — | 158.7× | |
| P/S | 4.6×-31.8% | 6.7× | — | — | 7.3× | |
| P/B | 21.0×-21.4% | 26.8× | — | — | 17.6× | |
| P/FCF | 21.3×-34.8% | 32.6× | — | — | — | |
| Earnings yield | 0.46%-17.5% | 0.56% | — | — | 0.63% | |
| FCF yield | 4.7%+53.3% | 3.1% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: RYAN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RYAN filings on SEC EDGAR → Not investment advice.