FY2025 · ended Dec 31, 2025 · Revenue $2.99B, +21.9% YoY · Filed Feb 13, 2026
Ryan Specialty Holdings, Inc. (RYAN) files with the SEC under industry code 6411, Insurance Agents, Brokers & Service. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.0 billion and net income of $63.4 million. Free cash flow was $640.7 million. As of Sep 30, 2026 it held $168.8 million in cash and investments and $3.9 billion in total debt.
Revenue (TTM)
$3.20B
+10.1% vs year-ago TTM
Net income (TTM)
$104.62M
+51.2% vs year-ago TTM
Operating cash flow (TTM)
$570.18M
-10.9% vs year-ago TTM
Free cash flow (TTM)
$568.62M
EPS
—
Dividend per share
None
Shares outstanding
—
Net cash
$-3.69B
as of Sep 30, 2026
Operating margin
15.9%
FY 2026
Company profile
- Industry
- Insurance Agents, Brokers & Service (SIC 6411)
- Listed as
- RYAN (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Chicago, IL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1849253
- Former names
- RYAN SPECIALTY GROUP HOLDINGS, INC. (until May 18, 2022); MAVERICK SPECIALTY, INC. (until Apr 23, 2021)
Other Insurance Agents, Brokers & Service companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.5B | $2.1B | $1.7B | $1.4B |
| Operating income | $493.6M | $427.8M | $359.1M | $289.5M | $186.6M |
| Net income | $63.4M | $94.7M | $61.0M | $61.1M | $65.9M |
| Operating cash flow | $643.7M | $514.9M | $477.2M | $335.5M | $273.5M |
| Free cash flow | $640.7M | $514.9M | $477.2M | $327.8M | -$69.7M |
| Total assets | $10.6B | $9.6B | $7.2B | $6.4B | $5.5B |
| Total liabilities | $9.3B | $8.6B | $6.3B | $5.6B | $4.9B |
| Stockholders' equity | $648.1M | $627.7M | $559.8M | — | — |
| Cash and investments | $158.3M | $540.2M | $838.8M | $992.7M | $1.1B |
| Total debt | $3.5B | $3.5B | $2.1B | $2.2B | $1.7B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 30, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Other events
|
Oct 29, 2026 | Oct 29, 2026 |
| 8-K |
Current report
Material agreement
|
Aug 7, 2026 | Aug 4, 2026 |
| 10-Q | Quarterly report | Jul 31, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Other events
|
Jul 30, 2026 | Jul 30, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
May 26, 2026 | May 26, 2026 |
All 535 Ryan Specialty Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.