← RYAN SPECIALTY HOLDINGS, INC.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $312.7m | $387.0m | $992.7m | $838.8m | $540.2m | $158.3m | |
| Commissions and fees receivable – net | $177.7m | $210.3m | $231.4m | $294.2m | $389.8m | $489.0m | |
| Fiduciary cash and receivables | $2.0b | $2.4b | $2.6b | $3.1b | $3.7b | $4.3b | |
| Prepaid incentives – net | $36.2m | $25.4m | $20.8m | $15.1m | $17.4m | $27.8m | |
| Other current assets | $16.0m | $15.9m | $49.7m | $62.2m | $110.0m | $100.4m | |
| Tax Receivable Agreement liabilities | $0 | $272.1m | $295.3m | $358.9m | $436.3m | $459.0m | |
| Total current assets | $2.5b | $3.0b | $3.9b | $4.3b | $4.8b | $5.1b | |
| Property and equipment – net | $17.4m | $15.3m | $31.3m | $42.4m | $50.2m | $69.5m | |
| Goodwill | $1.2b | $1.3b | $1.3b | $1.6b | $2.6b | $3.2b | |
| Other intangible assets | $604.8m | $573.9m | $486.4m | $38.3m | $83.7m | $119.6m | |
| Lease right-of-use assets | $93.9m | $84.9m | $143.9m | $127.7m | $133.3m | $130.5m | |
| Customer relationships | — | — | $457.1m | $572.4m | $1.4b | $1.5b | |
| Equity method investments | $47.2m | $45.4m | $38.5m | $46.1m | $70.9m | $110.0m | |
| Deferred tax assets | $0 | $382.8m | $396.8m | $383.8m | $448.3m | $310.1m | |
| Other non-current assets | $12.3m | $10.8m | $57.0m | $39.3m | $18.6m | $14.6m | |
| Operating lease liabilities | $83.7m | $74.4m | $151.9m | $154.5m | $159.2m | $153.1m | |
| Fiduciary liabilities | $2.0b | $2.4b | $2.6b | $3.1b | $3.7b | $4.3b | |
| Other non-current liabilities | $16.7m | $27.7m | $21.8m | $41.2m | $86.6m | $97.9m | |
| Non-controlling interests | $1.3m | $251.0m | $339.4m | $419.9m | $470.6m | $606.0m | |
| Total non-current assets | $2.0b | $2.4b | $2.5b | $2.9b | $4.9b | $5.5b | |
| Total non-current liabilities | $1.7b | $1.9b | $2.4b | $2.5b | $4.0b | $4.1b | |
| Total stockholders’ equity attributable to Ryan Specialty Holdings, Inc. | — | — | $478.4m | $559.8m | $627.7m | $648.1m | |
| Total stockholders’ equity | — | — | $817.8m | $979.6m | $1.1b | $1.3b | |
| TOTAL ASSETS | $4.5b | $5.5b | $6.4b | $7.2b | $9.6b | $10.6b | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $4.5b | $5.5b | $6.4b | $7.2b | $9.6b | $10.6b | |
| Accounts payable and accrued liabilities | $115.6m | $99.4m | $119.0m | $136.3m | $249.2m | $284.4m | |
| Accrued compensation | $69.1m | $4.4m | $10.0m | $24.9m | $49.4m | $70.1m | |
| Short-term debt and current portion of long-term debt | $19.2m | $23.5m | $30.6m | $35.4m | $51.7m | $60.2m | |
| Total current liabilities | $2.5b | $2.9b | $3.1b | $3.7b | $4.5b | $5.2b | |
| Long-term debt | $1.6b | $1.6b | $2.0b | $1.9b | $3.2b | $3.3b | |
| Deferred tax liabilities | $577k | $631k | $562k | $55k | $39.9m | $49.8m | |
| TOTAL LIABILITIES | $4.2b | $4.9b | $5.6b | $6.3b | $8.6b | $9.3b | |
| Common stock | — | $259k | $259k | $261k | $261k | $265k | |
| Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2025 and 2024) | — | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | — | $348.9m | $418.1m | $442.0m | $506.3m | $513.6m | |
| Retained earnings | — | ($7.1m) | $54.0m | $114.4m | $122.9m | $120.4m | |
| Accumulated other comprehensive income (loss) | $2.7m | $1.7m | $6.0m | $3.1m | ($1.8m) | $13.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.