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Ryan Specialty (RYAN)

NYSE Financials Insurance Brokers S&P MidCap 400
$47.73
-0.53 (-1.10%)
Close of Nov 06, 2026 · end-of-day data
Source: Ryan Specialty's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$765.11M$1.02B$1.43B$1.71B$2.03B$2.46B$2.99B
Operating income$101.04M$158.54M$186.62M$289.51M$359.08M$427.81M$493.64M
Interest expense$35.55M$47.24M$79.35M$104.83M$119.51M——
Pre-tax income$67.98M$79.47M$61.56M$179.19M$237.93M$272.55M$293.18M
Income tax$4.93M$8.95M$4.93M$15.94M$43.45M$42.64M$79.03M
Net income$64.17M$68.10M$65.87M$61.05M$61.04M$94.67M$63.40M
EBITDA$105.83M$162.47M$191.43M$295.20M$368.12M$437.60M$506.73M
Operating margin13.2%15.6%13.0%16.9%17.7%17.4%16.5%
Net margin8.4%6.7%4.6%3.6%3.0%3.9%2.1%

Balance sheet

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$402.16M$895.70M$1.14B$992.72M$838.79M$540.20M$158.32M
Receivables—$177.70M$210.25M$231.42M$294.19M$389.76M$488.95M
Total current assets—$2.49B$3.01B$3.89B$4.34B$4.79B$5.06B
Goodwill$528.51M$1.22B$1.31B$1.31B$1.65B$2.65B$3.23B
Total assets—$4.53B$5.46B$6.38B$7.25B$9.65B$10.56B
Total current liabilities—$2.48B$2.92B$3.13B$3.74B$4.55B$5.19B
Short-term debt—$19.16M$23.47M$30.59M$35.38M$51.73M$60.19M
Long-term debt—$1.57B$1.57B$1.95B$1.94B$3.23B$3.29B
Total debt—$1.59B$1.59B$1.98B$1.98B$3.28B$3.35B
Total liabilities—$4.22B$4.86B$5.57B$6.27B$8.55B$9.31B
Shareholders' equity——$594.78M$478.40M$559.75M$627.66M$648.07M

Cash flow

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$149.51M$135.39M$273.49M$335.51M$477.20M$514.87M$643.67M
Capital expenditures$100.00K$5.24M$343.16M$7.71M$0$0$3.01M
Free cash flow$149.41M$130.16M-$69.67M$327.80M$477.20M$514.87M$640.65M
Investing cash flow-$148.00M-$768.51M-$457.94M-$22.42M-$476.23M-$1.76B-$834.01M
Financing cash flow$62.27M$1.13B$429.28M$314.76M-$12.61M$1.17B$78.12M
Dividends paid———$0$0$80.20M$61.00M
Stock-based compensation$8.15M$10.80M$67.53M$77.48M$69.74M$79.00M$69.45M
Depreciation & amortization$4.80M$3.93M$4.81M$5.69M$9.04M$9.79M$13.09M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.