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RYAN
Ryan Specialty Holdings Inc.Stock · Finance
$42.83−$0.05 (-0.10%)as of market close, Aug 13, 2026
☾ After hours:$42.82+0.00%3:59 PM ET
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How Ryan Specialty makes money

Period

How does Ryan Specialty make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Ryan Specialty Holdings Inc. · FY2025 · year ended 2025-12-31
Revenue$3.0BGross profit$3.0B · 100%Cost of revenue$0 · 0%Operating income$494M · 16%Operating expenses$2.5B · 84%SG&A$453M · 15%Other opex$2.0B · 68%Pre-tax income$142M · 5%Other expense$351M · 12%Net income$63M · 2%Income tax$79M · 3%Wholesale Brokerage$1.6B · 53%Underwriting Management$1.0B · 34%Binding Authorities$370M · 12%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.