Financial insights of RYAN

MyFinsight

For the year ending 2025-12-31, RYAN made $3,051,126K in revenue. $63,399K in net income. Net profit margin of 2.08%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total revenue	3,051,126	2,515,710	2,077,549	1,725,193
Compensation and benefits	1,803,397	1,591,077	1,321,029	1,128,981
General and administrative	453,452	352,050	276,181	196,971
Amortization	274,426	157,845	106,799	103,601
Depreciation	13,089	9,785	9,038	5,690
Change in contingent consideration	13,122	-22,859	5,421	442
Total operating expenses	2,557,486	2,087,898	1,718,468	1,435,685
Operating income	493,640	427,812	359,081	289,508
Interest expense, net	-222,384	-158,448	119,507	104,829
Income from equity method investments	21,236	18,231	8,731	-414
Other non-operating loss (income)	692	-15,041	-10,380	-5,073
Income before income taxes	293,184	272,554	237,925	179,192
Income tax expense	79,027	42,641	43,445	15,935
Net income	214,157	229,913	194,480	163,257
Net income attributable to non-controlling interests, net of tax	150,758	135,248	133,443	102,205
Net income attributable to ryan specialty holdings, inc	63,399	94,665	61,037	61,052

Basic (in shares)	127,266,889	120,781,234	114,359,968	108,616,420
Basic (in usd per share)	0.5	0.78	0.53	0.57
Diluted (in shares)	138,246,414	132,891,487	125,745,139	265,750,444
Diluted (in usd per share)	0.47	0.71	0.52	0.52