Ryan Specialty Holdings, Inc. (RYAN)

Ryan Specialty Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,755	2,456	2,027	1,712	1,432	1,017
Revenue Growth (YoY)	23.84%	21.17%	18.39%	19.53%	40.87%	34.05%
Cost of Revenue	1,649	1,511	1,299	1,106	943.28	658.21
Gross Profit	1,106	944.84	728.07	605.82	488.9	358.48
Selling, General & Admin	334.81	277.81	230.47	187.5	129.6	90.74
Operating Expenses	579.74	445.44	346.3	296.79	242.29	158.24
Operating Income	525.95	499.4	381.77	309.03	246.62	200.23
Interest Expense	-219.84	-167.52	-141.5	-98.2	-78.61	-48.44
Interest & Investment Income	80.54	81.54	82.95	13.33	0.59	1.59
Earnings From Equity Investments	19	18.23	8.73	-0.41	-0.76	0.44
Other Non Operating Income (Expenses)	-22	-22	-17.34	-9.71	-36.31	-29.37
EBT Excluding Unusual Items	383.66	409.65	314.62	214.03	131.53	124.46
Merger & Restructuring Charges	-141.75	-154.49	-68.22	-32.41	-57.34	-44.24
Other Unusual Items	35.59	17.39	-8.47	-2.43	-12.62	-0.75
Pretax Income	277.49	272.55	237.93	179.19	61.56	79.47
Income Tax Expense	85.98	42.64	43.45	15.94	4.93	8.95
Earnings From Continuing Operations	191.51	229.91	194.48	163.26	56.63	70.51
Minority Interest in Earnings	-135.84	-135.25	-133.44	-102.21	9.24	-2.41
Net Income	55.68	94.67	61.04	61.05	65.87	68.1
Preferred Dividends & Other Adjustments	-2.14	-	0.01	-0.81	72.94	-
Net Income to Common	57.82	94.67	61.03	61.86	-7.06	68.1
Net Income Growth	-31.36%	55.09%	-0.03%	-7.32%	-3.28%	6.14%
Shares Outstanding (Basic)	125	121	114	109	106	769
Shares Outstanding (Diluted)	125	133	126	266	106	769
Shares Change (YoY)	-37.39%	5.68%	-52.68%	151.35%	-86.26%	-
EPS (Basic)	0.46	0.78	0.53	0.57	-0.07	0.09
EPS (Diluted)	-0.10	0.71	0.52	0.52	-0.07	0.09
EPS Growth	-	37.73%	0.33%	-	-	-
Free Cash Flow	509.73	467.87	447.43	312.76	-79.45	117.66
Free Cash Flow Per Share	4.09	3.52	3.56	1.18	-0.75	0.15
Dividend Per Share	0.460	0.440	-	-	-	-
Gross Margin	40.14%	38.48%	35.93%	35.39%	34.14%	35.26%
Operating Margin	19.09%	20.34%	18.84%	18.05%	17.22%	19.70%
Profit Margin	2.10%	3.85%	3.01%	3.61%	-0.49%	6.70%
Free Cash Flow Margin	18.50%	19.05%	22.08%	18.27%	-5.55%	11.57%
EBITDA	770.88	667.03	497.6	418.32	359.3	267.74
EBITDA Margin	27.99%	27.16%	24.55%	24.44%	25.09%	26.33%
D&A For EBITDA	244.93	167.63	115.84	109.29	112.68	67.5
EBIT	525.95	499.4	381.77	309.03	246.62	200.23
EBIT Margin	19.09%	20.34%	18.84%	18.05%	17.22%	19.70%
Effective Tax Rate	30.98%	15.65%	18.26%	8.89%	8.01%	11.27%
Revenue as Reported	2,814	2,516	2,078	1,725	1,433	1,018

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q