RYAN SPECIALTY HOLDINGS, INC. (RYAN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.3B	3.1B	2.5B	2.1B	1.7B
Cost of Revenue	211.5M	287.5M	—	—	—
Gross Profit	3.0B	2.8B	2.5B	2.1B	1.7B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	941.3M	453.5M	1.9B	1.6B	1.3B
General & Admin Expense	941.3M	453.5M	1.9B	1.6B	1.3B
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	1.5B	1.7B	300.0M	242.4M	220.0M
Total Operating Expenses	2.4B	2.1B	2.2B	1.8B	1.5B
Cost and Expenses	2.6B	2.4B	2.2B	1.8B	1.5B
Operating Income (EBIT)	635.3M	625.2M	272.6M	237.9M	179.2M
Non-Operating
Interest Income	39.4M	56.5M	—	—	—
Interest Expense	220.8M	222.4M	158.4M	119.5M	104.8M
Net Interest Income	(181.4M)	(165.8M)	(158.4M)	(119.5M)	(104.8M)
Other Non-Op Income/Expense	(316.6M)	(332.0M)	—	—	—
Non-Operating Income (excl Interest)	95.8M	109.7M	(158.4M)	(119.5M)	(104.8M)
EBT (Pre-Tax Income)	318.6M	293.2M	272.6M	237.9M	179.2M
Income Tax Expense	50.4M	79.0M	42.6M	43.4M	15.9M
Bottom Line
Net Income	245.0M	63.4M	94.7M	61.0M	61.1M
Earnings from Cont. Ops	268.3M	214.2M	229.9M	194.5M	163.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	193.6M	63.4M	94.9M	65.2M	61.9M
Per Share
Basic EPS	$1.01	$0.50	$0.78	$0.57	$0.56
Diluted EPS	$0.96	$0.47	$0.71	$0.52	$0.52
Revenue Per Share	$26.80	$23.97	$20.83	$18.17	$15.88
Shares
Basic Shares Outstanding	121.4M	127.3M	120.8M	114.4M	108.6M
Diluted Shares Outstanding	262.2M	278.5M	274.8M	125.7M	265.8M
Profitability Metrics
EBITDA	819.5M	803.1M	598.6M	473.3M	393.3M
D&A	280.1M	287.5M	167.6M	115.8M	109.3M
EBIT	539.5M	515.6M	431.0M	357.4M	284.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026