Ryan Specialty Holdings, Inc. (RYAN)
Ryan Specialty Holdings, Inc. brought in $3.3B of revenue over the twelve months to September 30, 2026, up 9.8% from a year earlier. Net income was $104.6M, a net margin of 3.2%. Operating cash flow minus capital spending left $640.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $168.8M in cash against $3.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.
Key facts about Ryan Specialty Holdings, Inc.
- Net worth
- Ryan Specialty Holdings, Inc. has a market value (market cap) of $12.1B at the latest share price, and shareholders' equity of $446.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $3.1B (+21.3% year on year), with net income of $63.4M. Over the 12 months to September 30, 2026: revenue $3.3B, net income $104.6M.
- Cash flow
- In fiscal 2025 operations brought in $643.7M of cash; after $3M of capital spending, free cash flow was $640.7M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Ryan Specialty Holdings, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Ryan Specialty Holdings, Inc. does
Ryan Specialty Holdings, Inc. is registered with the SEC under industry code SIC 6411 (Insurance Agents, Brokers & Service). Its shares trade on NYSE under the ticker RYAN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $3.1B | $63.4M | n/a | $640.7M |
| 2024 | $2.5B | $94.7M | n/a | $514.9M |
| 2023 | $2.1B | $61M | n/a | $477.2M |
| 2022 | $1.7B | $61.1M | n/a | $327.8M |
| 2021 | $1.4B | $65.9M | n/a | -$69.7M |
| 2021 | $1B | $68.1M | n/a | $130.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where RYAN ranks in Finance
Dividends
It paid out $62.3M in cash dividends, 98% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $62.3M | 98% |
| 2024 | n/a | $80.2M | 85% |
| 2023 | n/a | $0 | 0% |
| 2022 | n/a | $0 | 0% |
Latest SEC filings
What Ryan Specialty Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.7% to $790M versus the same quarter last year; net income rose 18% to $36.7M.
- October 29, 2026
- August 7, 2026Passive stake changed SCHEDULE 13G/A
- August 7, 2026
- July 31, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 7.2% to $916.6M versus the same quarter last year; net income fell 19% to $42.3M.
- July 30, 2026
- May 26, 2026
- May 14, 2026Passive stake changed SCHEDULE 13G/A
- May 13, 2026Passive stake (5% or more) SCHEDULE 13G
- May 1, 2026
Insider trades
What the people running Ryan Specialty Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.7M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 8, 2026 | Mulshine Brendan MartinCo-President and CRO | Sold | 40,000 | $1.6M |
| September 4, 2026 | Mulshine Brendan MartinCo-President and CRO | Exercised options | 40,000 | - |
| September 4, 2026 | Mulshine Brendan MartinCo-President and CRO | Exercised options | 40,000 | - |
| August 14, 2026 | Cortezi Nicholas DominicDirector | Other changeindirect | 1,841,019 | - |
| August 14, 2026 | Cortezi Nicholas DominicDirector | Other changeindirect | 313,116 | - |
| August 13, 2026 | Conklin MichaelEVP & CHRO | Sold | 2,043 | $86.3K |
| August 10, 2026 | Bienen Henry SDirector | Gave as a giftindirect | 3,000 | - |
| July 22, 2026 | Hamilton Janice MChief Financial Officer | Exercised options | 5,821 | - |
Who owns RYAN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Patrick G. Ryan13G, passive with 2 related filers | 53.38% | May 8, 2025 |
| Vulcan Value Partners, LLC13G, passive | 6.11% | August 7, 2026 |
| OR13G, passive with 2 related filers | 5.92% | November 13, 2024 |
| T. Rowe Price Investment Management, Inc.13G, passive | 5.9% | February 17, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 366 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 10,494,326 | -375,499 |
| Vulcan Value Partners, LLC | 7,912,669 | +1,317,334 |
| Orbis Allan Gray Ltd | 6,307,845 | new |
| Neuberger Berman Group LLC | 5,572,840 | +2,467,296 |
| Vanguard Portfolio Management LLC | 5,266,873 | -75,394 |
| Vanguard Capital Management LLC | 5,218,054 | +17,262 |
| Fmr LLC | 5,130,211 | +4,803,478 |
| State Street Corp | 3,706,058 | +72,722 |
| Polar Capital Holdings Plc | 2,940,000 | +490,000 |
| Bank of Montreal | 2,767,113 | +479,238 |
| Stephens Investment Management Group LLC | 2,716,484 | +292,147 |
| Montrusco Bolton Investments Inc. | 2,689,031 | -1,333,475 |
| Independent Franchise Partners LLP | 2,645,789 | -175,065 |
| Kayne Anderson Rudnick Investment Management LLC | 2,343,513 | -661,939 |
| UBS Group AG | 2,201,085 | +1,410,381 |
| Geode Capital Management, LLC | 2,124,953 | -145,221 |
| Manufacturers Life Insurance Company, The | 2,014,407 | +1,469,153 |
| Morgan Stanley | 1,682,829 | -596,030 |
| Norges Bank | 1,546,443 | new |
| Alberta Investment Management Corp | 1,421,400 | new |
Insiders
16 insiders reported holding 16,005,245 shares in total, about $754M at the last price.
| Holder | Shares |
|---|---|
| Ryan Patrick GExecutive Chairman, Director, 10% owner | 13,817,85913,817,859 held indirectly |
| Ryan Patrick G JrDirector | 690,611428,295 held indirectly |
| Mulshine Brendan MartinCo-President and CRO | 679,601 |
| Cortezi Nicholas DominicDirector | 323,893313,116 held indirectly |
| Ohalleran Michael DDirector | 238,963 |
| Rogers John W JrDirector | 117,933 |
| Bienen Henry SDirector | 24,79524,795 held indirectly |
| Bolger David PDirector | 20,580 |
| Collins Michelle LDirector | 19,219 |
| Hamilton Janice MChief Financial Officer | 18,689 |
Questions about RYAN
What does Ryan Specialty Holdings, Inc. do?
Ryan Specialty Holdings, Inc. is a company in the Finance sector, listed on NYSE as RYAN. Its shares trade on NYSE under the ticker RYAN.
What is Ryan Specialty Holdings, Inc.'s net worth?
Ryan Specialty Holdings, Inc. has a market value (market cap) of $12.1B at the latest share price, and shareholders' equity of $446.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Ryan Specialty Holdings, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $104.6M on revenue of $3.3B, a net margin of 3.2%.
How much revenue does Ryan Specialty Holdings, Inc. make?
Over the twelve months to September 30, 2026 Ryan Specialty Holdings, Inc. reported revenue of $3.3B. That is 9.8% more than a year earlier.
When did Ryan Specialty Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Ryan Specialty Holdings, Inc.'s next earnings report?
Ryan Specialty Holdings, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Ryan Specialty Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.