Ryan Specialty Holdings, Inc. (RYAN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 795.23M | 751.21M | 754.58M | 855.17M | 690.17M | 663.53M | 604.69M | 695.44M | 552.05M | 532.86M | 501.94M | 585.15M | 457.6M | 435.01M | 412M | 491.29M | 386.89M | 378.54M | 352.77M | 390.01M |
| Revenue Growth % | 15.22% | 13.21% | 24.79% | 22.97% | 25.02% | 24.52% | 20.47% | 18.85% | 20.64% | 22.49% | 21.83% | 19.1% | 18.28% | 14.92% | 16.79% | 25.97% | 24.22% | 15.78% | - | - |
| Medical Costs & Claims | 495.18M | 73.54M | 395.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Medical Cost Ratio % | 62.27% | 9.79% | 52.43% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Gross Profit | 300.05M | 677.67M | 358.98M | 855.17M | 690.17M | 663.53M | 604.69M | 695.44M | 552.05M | 532.86M | 501.94M | 585.15M | 457.6M | 435.01M | 412M | 491.29M | 386.89M | 378.54M | 352.77M | 390.01M |
| Gross Margin % | 37.73% | 90.21% | 47.57% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Gross Profit Growth % | -56.52% | 2.13% | -40.63% | 22.97% | 25.02% | 24.52% | 20.47% | 18.85% | 20.64% | 22.49% | 21.83% | 19.1% | 18.28% | 14.92% | 16.79% | 25.97% | 24.22% | 15.78% | - | - |
| Operating Expenses | 205.46M | 542.77M | 203.35M | 717.44M | 639.13M | 594.49M | 585.01M | 558.71M | 504.94M | 473.69M | 461.41M | 489.68M | 414.85M | 383.37M | 379.31M | 410M | 373.32M | 343.19M | 390.72M | 324.27M |
| OpEx / Revenue % | 25.84% | 72.25% | 26.95% | 83.89% | 92.6% | 89.59% | 96.75% | 80.34% | 91.47% | 88.89% | 91.93% | 83.69% | 90.66% | 88.13% | 92.07% | 83.45% | 96.49% | 90.66% | 110.76% | 83.14% |
| Depreciation & Amortization | 0 | 73.54M | 73.8M | 72.56M | 67.62M | 63.1M | 41.65M | 32.81M | 30.07M | 30.14M | 31.77M | 26.55M | 27.38M | 26.82M | 27.13M | 27.46M | 27.87M | 26.99M | 28.16M | 28.54M |
| Combined Ratio % | 88.1% | 82.04% | 79.38% | 83.89% | 92.6% | 89.59% | 96.75% | 80.34% | 91.47% | 88.89% | 91.93% | 83.69% | 90.66% | 88.13% | 92.07% | 83.45% | 96.49% | 90.66% | 110.76% | 83.14% |
| Operating Income | 94.6M | 134.91M | 155.63M | 137.73M | 51.04M | 69.04M | 19.68M | 136.73M | 47.1M | 59.18M | 40.53M | 95.47M | 42.75M | 51.64M | 32.69M | 81.29M | 13.57M | 35.35M | -37.96M | 65.74M |
| Operating Margin % | 11.9% | 17.96% | 20.62% | 16.11% | 7.4% | 10.41% | 3.25% | 19.66% | 8.53% | 11.11% | 8.07% | 16.31% | 9.34% | 11.87% | 7.93% | 16.55% | 3.51% | 9.34% | -10.76% | 16.86% |
| Operating Income Growth % | 85.33% | 95.4% | 690.77% | 0.73% | 8.36% | 16.67% | -51.44% | 43.22% | 10.18% | 14.59% | 23.98% | 17.44% | 214.98% | 46.08% | 186.12% | 23.65% | 966.18% | 5792.43% | - | - |
| EBITDA | 94.6M | 208.45M | 229.43M | 210.29M | 118.67M | 132.14M | 61.33M | 169.54M | 77.17M | 89.32M | 72.3M | 122.01M | 70.13M | 78.47M | 59.82M | 108.75M | 41.45M | 62.34M | -9.8M | 94.28M |
| EBITDA Margin % | 11.9% | 27.75% | 30.4% | 24.59% | 17.19% | 19.91% | 10.14% | 24.38% | 13.98% | 16.76% | 14.4% | 20.85% | 15.33% | 18.04% | 14.52% | 22.14% | 10.71% | 16.47% | -2.78% | 24.17% |
| Interest Expense | 53.73M | 53.2M | 56.34M | 58.33M | 54.51M | 48.53M | 49.39M | 31.13M | 29.4M | 29.67M | 31.49M | 28.88M | 29.47M | 29.37M | 28.86M | 24.85M | 21.75M | 19.13M | 21.19M | 18.99M |
| Non-Operating Income | 0 | 37.1M | 37.17M | -58.33M | -54.51M | -48.53M | -49.39M | -31.13M | -29.4M | -29.67M | -31.49M | -28.88M | -29.47M | -29.37M | -28.86M | -24.85M | -21.75M | -19.13M | -21.19M | -18.99M |
| Pretax Income | 47.1M | 44.61M | 59.81M | 137.73M | 51.04M | 69.04M | 19.68M | 136.73M | 47.1M | 59.18M | 40.53M | 95.47M | 42.75M | 51.64M | 32.69M | 81.29M | 13.57M | 35.35M | -37.96M | 65.74M |
| Pretax Margin % | 5.92% | 5.94% | 7.93% | 16.11% | 7.4% | 10.41% | 3.25% | 19.66% | 8.53% | 11.11% | 8.07% | 16.31% | 9.34% | 11.87% | 7.93% | 16.55% | 3.51% | 9.34% | -10.76% | 16.86% |
| Income Tax | 6.51M | 13.37M | -2.8M | 13.03M | 55.43M | 26.49M | -8.96M | 18.69M | 6.43M | 673K | 24.83M | 11.65M | 6.29M | 5.86M | 3.41M | 11.17M | -4.5M | 5.73M | -5.37M | 2.33M |
| Effective Tax Rate % | 13.82% | 29.97% | -4.68% | 9.46% | 108.6% | 38.36% | -45.54% | 13.67% | 13.64% | 1.14% | 61.26% | 12.2% | 14.72% | 11.35% | 10.43% | 13.74% | -33.18% | 16.22% | 14.14% | 3.55% |
| Net Income | 40.6M | 7.98M | 31.09M | 51.98M | -27.64M | 13.75M | 17.59M | 46.79M | 16.54M | 22.85M | -5.05M | 30.08M | 13.16M | 17.89M | 11.74M | 24.5M | 6.91M | 10.05M | -1.33M | 63.41M |
| Net Margin % | 5.11% | 1.06% | 4.12% | 6.08% | -4.01% | 2.07% | 2.91% | 6.73% | 3% | 4.29% | -1.01% | 5.14% | 2.88% | 4.11% | 2.85% | 4.99% | 1.79% | 2.66% | -0.38% | 16.26% |
| Net Income Growth % | 246.87% | -41.98% | 76.73% | 11.09% | -267.17% | -39.8% | 448.5% | 55.55% | 25.65% | 27.67% | -142.97% | 22.76% | 90.42% | 78.04% | 980.43% | -61.36% | 210.56% | 330.21% | - | - |
| EPS (Diluted) | 0.31 | 0.03 | 0.11 | 0.19 | -0.22 | 0.05 | 0.09 | 0.17 | 0.06 | 0.19 | -0.04 | 0.26 | 0.28 | 0.17 | 0.11 | 0.22 | 0.07 | -0.55 | -0.16 | 0.60 |
| EPS Growth % | 240.91% | -48.02% | 16.03% | 11.76% | -471.62% | -72.05% | 313.51% | -34.62% | -78.86% | 11.76% | -140.36% | 18.18% | 309.36% | 130.91% | 168.75% | -63.33% | 216.52% | -1241.46% | - | - |
| EPS (Basic) | 0.31 | 0.06 | 0.24 | 0.41 | -0.22 | 0.12 | 0.21 | 0.38 | 0.14 | 0.20 | -0.04 | 0.27 | 0.33 | 0.41 | 0.27 | 0.24 | 0.17 | -0.57 | -0.16 | 0.60 |
| Diluted Shares Outstanding | 129.6M | 278.51M | 273.46M | 274.14M | 126.03M | 276.99M | 272.69M | 271.22M | 269.92M | 120.81M | 115.87M | 123.85M | 111.03M | 267.77M | 266.35M | 120.2M | 264.12M | 113.53M | 105.31M | 106.49M |