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Ryan Specialty Group Holdings Inc (RYAN) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · INSURANCE - SPECIALTY · DATA UPDATED 2026-09-19

Ryan Specialty Group Holdings Inc (RYAN) operates in the INSURANCE - SPECIALTY industry and is headquartered in Chicago, United States with about 6,171 employees. Its market capitalization is roughly $10 billion. In the fiscal year ended 2025-12-31, RYAN reported $3.1B in revenue and $63M in net income.

Ryan Specialty Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

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RYAN Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Revenue$3.2B$3.1B$2.5B$2.1B$1.7B$1.4B$1.0B$765M
Gross Profit$2.8B$2.5B$2.1B$1.7B$1.4B$1.0B$765M
Gross Margin %90.6%100.0%100.0%100.0%100.0%100.0%100.0%
Operating Income (EBIT)$625M$273M$238M$179M$62M$79M$68M
Operating Margin %20.5%10.8%11.5%10.4%4.3%7.8%8.9%
Net Income$63M$95M$61M$61M$66M$68M$64M
Net Margin %2.1%3.8%2.9%3.5%4.6%6.7%8.4%
EBITDA$803M$599M$473M$393M$254M$194M$157M
Earnings Per Share (EPS)$0.23$0.34$0.22$0.23$0.62$0.64$0.60
Shares Outstanding (M)279M276M272M270M106M106M106M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RYAN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$917M$795M$751M$755M$855M$690M$664M$605M$695M
Gross Profit$726M$678M$359M$855M$690M$664M$605M$695M
Gross Margin %91.3%90.2%47.6%100.0%100.0%100.0%100.0%100.0%
Operating Income (EBIT)$144M$135M$156M$138M$51M$69M$20M$137M
Operating Margin %18.1%18.0%20.6%16.1%7.4%10.4%3.2%19.7%
Net Income$41M$8M$31M$52M($28M)$14M$18M$47M
Net Margin %5.1%1.1%4.1%6.1%-4.0%2.1%2.9%6.7%
EBITDA$170M$171M$192M$269M$173M$181M$111M$201M
Earnings Per Share (EPS)$0.31$0.03$0.11$0.19$-0.22$0.05$0.06$0.17
Shares Outstanding (M)130M279M273M274M126M291M273M271M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RYAN Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)$559M$644M$515M$477M$336M$273M$135M$150M
Capital Expenditures (CapEx)$61M$68M$47M$30M$15M$10M$12M$8M
Free Cash Flow (FCF)$497M$576M$468M$447M$320M$264M$123M$142M
FCF Margin %15.4%18.9%18.6%21.5%18.6%18.4%12.1%18.5%
Dividends Paid$62M$80M$72M$40M$47M$50M$72M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RYAN Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$293M($167M)$263M$170M$354M($143M)$260M$101M$271M
Capital Expenditures (CapEx)$17M$13M$17M$14M$20M$17M$17M$7M$15M
Free Cash Flow (FCF)$276M($181M)$246M$156M$334M($160M)$242M$94M$256M
FCF Margin %30.1%-22.7%32.7%20.6%39.0%-23.1%36.5%15.5%36.8%
Dividends Paid$17M$16M$16M$50M$15M$14M$13M$13M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

RYAN Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Assets$12.0B$10.6B$9.7B$7.2B$6.4B$5.5B$4.5B$2.2B
Cash & Cash Equivalents$140M$158M$540M$839M$993M$387M$313M$52M
Total Liabilities$10.9B$9.3B$8.6B$6.3B$5.6B$4.9B$4.5B$2.1B
Total Debt (Short + Long-Term)$3.8B$3.4B$3.3B$2.0B$2.0B$1.6B$1.6B$669M
Total Shareholders' Equity$509M$648M$1.1B$980M$818M$595M$70M$64M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive RYAN viewer.

RYAN Metric Deep Dives

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