RYAN SPECIALTY HOLDINGS, INC. RYAN

Financials SIC 6411 - Insurance Agents, Brokers & Service NAICS Finance and Insurance › Insurance Carriers and Related Activities › Agencies, Brokerages, and Other Insurance Related Activities › Insurance Agencies and Brokerages derived NYSE

Founded by Patrick G. Ryan in 2010, Ryan Specialty is an international specialty insurance intermediary that

provides specialty products, solutions, and services for insurance brokers, agents, and carriers. We provide distribution,

underwriting, product development, administration, and risk management services through our wholesale brokerage

platform and, on behalf of insurance carriers, through delegated underwriting authority via our managing underwriter,

Last close 43.68 2026-10-23
Market cap —
52-week range 29.28 - 58.94

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Foreign
Revenue by geography, 2 categories over 1 years. The same figures are in the table below. FY2025 United States, FY2025: 2.9B (93.9%) 94% United States Foreign, FY2025: 186.9M (6.1%) 6% Foreign
Region FY2025
United States $2.86B
Foreign $186.9M

As the company reported it, from the “Segment Reporting- Segment Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $2.99B$2.46B$2.03B$1.71B$1.43B$1.02B$758.4M—
SG&A $453.5M$352.1M$276.2M$197.0M$139.0M$107.4M$118.2M—
Total operating expenses $2.56B$2.09B$1.72B$1.44B$1.25B$859.7M$664.1M—
Operating income $493.6M$427.8M$359.1M$289.5M$186.6M$158.5M$101.0M—
Interest expense ——$119.5M$104.8M$79.4M$47.2M$35.5M—
Pre-tax income $293.2M$272.6M$237.9M$179.2M$61.6M$79.5M$68.0M—
Income tax $79.0M$42.6M$43.4M$15.9M$4.9M$9.0M$4.9M—
Net income $63.4M$94.7M$61.0M$61.1M$65.9M$68.1M$64.2M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $158.3M$540.2M$838.8M$1.77B$1.14B$895.7M$402.2M$338.1M
Receivables $489.0M$389.8M$294.2M$231.4M$210.3M$177.7M——
Total current assets $5.06B$4.79B$4.34B$3.89B$3.01B$2.49B——
Property, plant and equipment $69.5M$50.2M$42.4M$31.3M$15.3M$17.4M——
Goodwill $3.23B$2.65B$1.65B$1.31B$1.31B$1.22B$528.5M—
Other intangibles $119.6M$83.7M$38.3M$29.3M$573.9M$604.8M——
Total assets $10.56B$9.65B$7.25B$6.38B$5.46B$4.53B——
Accounts payable $284.4M$249.2M$136.3M$119.0M$99.4M$115.6M——
Short-term debt $60.2M$51.7M$35.4M$30.6M$23.5M$19.2M——
Total current liabilities $5.19B$4.55B$3.74B$3.13B$2.92B$2.48B——
Long-term debt $3.29B$3.23B$1.94B$1.95B$1.57B$1.57B——
Total liabilities $9.31B$8.55B$6.27B$5.57B$4.86B$4.22B——
Retained earnings $120.4M$122.9M$114.4M$54.0M-$7.1M———
Total equity $648.1M$627.7M$979.6M$817.8M$594.8M———

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $643.7M$514.9M$477.2M$335.5M$273.5M$135.4M$149.5M—
Depreciation and amortisation $13.1M$9.8M$9.0M$5.7M$4.8M$3.9M$4.8M—
Stock-based compensation $69.5M$79.0M$69.7M$77.5M$67.5M$10.8M$8.2M—
Capital expenditure $3.0M$0$0$7.7M$343.2M$5.2M$100.0K—
Investing cash flow -$834.0M-$1.76B-$476.2M-$22.4M-$457.9M-$768.5M-$148.0M—
Financing cash flow $78.1M$1.17B-$12.6M$314.8M$429.3M$1.13B$62.3M—
Dividends paid $62.3M$80.2M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001849253-26-000006.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2019: 758.4M Net income, FY2019: 64.2M Revenue, FY2020: 1B Net income, FY2020: 68.1M Revenue, FY2021: 1.4B Net income, FY2021: 65.9M Revenue, FY2022: 1.7B Net income, FY2022: 61.1M Revenue, FY2023: 2B Net income, FY2023: 61M Revenue, FY2024: 2.5B Net income, FY2024: 94.7M Revenue, FY2025: 3B Net income, FY2025: 63.4M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $758.4M $1.02B $1.43B $1.71B $2.03B $2.46B $2.99B
Gross profit — — — — — — — —
Net income — $64.2M $68.1M $65.9M $61.1M $61.0M $94.7M $63.4M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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