Ryan Specialty Holdings, Inc. (RYAN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.2B	3.1B	2.5B	2.1B	1.7B
Cost of Revenue	607.1M	287.5M	—	—	—
Gross Profit	2.6B	2.8B	2.5B	2.1B	1.7B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	467.7M	453.5M	1.9B	1.6B	1.3B
General & Admin Expense	467.7M	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	2.0B	2.1B	2.2B	1.8B	1.5B
Cost and Expenses	2.6B	2.4B	2.2B	1.8B	1.5B
Operating Income (EBIT)	650.1M	625.2M	272.6M	237.9M	179.2M
Non-Operating
Interest Income	39.4M	56.5M	—	—	—
Interest Expense	219.9M	222.4M	158.4M	119.5M	104.8M
Net Interest Income	(180.5M)	(165.8M)	(158.4M)	(119.5M)	(104.8M)
Other Non-Op Income/Expense	(367.8M)	(332.0M)	—	—	—
Non-Operating Income (excl Interest)	145.6M	109.7M	(158.4M)	(119.5M)	(104.8M)
EBT (Pre-Tax Income)	282.2M	293.2M	272.6M	237.9M	179.2M
Income Tax Expense	39.4M	79.0M	42.6M	43.4M	15.9M
Bottom Line
Net Income	188.0M	63.4M	94.7M	61.0M	61.1M
Earnings from Cont. Ops	242.8M	214.2M	229.9M	194.5M	163.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	188.0M	63.4M	94.9M	65.2M	61.9M
Per Share
Basic EPS	$0.95	$0.50	$0.78	$0.57	$0.56
Diluted EPS	$0.78	$0.47	$0.71	$0.52	$0.52
Revenue Per Share	$25.69	$23.97	$20.83	$18.17	$15.88
Shares
Basic Shares Outstanding	125.3M	127.3M	120.8M	114.4M	108.6M
Diluted Shares Outstanding	131.3M	278.5M	274.8M	125.7M	265.8M
Profitability Metrics
EBITDA	789.7M	803.1M	598.6M	473.3M	393.3M
D&A	285.3M	287.5M	167.6M	115.8M	109.3M
EBIT	504.5M	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 Jun 1, 2026