RYAN · XBRL financial data

Ryan Specialty Holdings financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (RYAN's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue	533*	552	695	605	664*	690	855	755	751*	795	917	790
Revenue from contracts with customers	519*	538	680	588	649*	676	841	740	738*	783	903	775
General and administrative	74*	76	83	89	105*	106	107	118	123*	109	119	107
Total operating expenses	437*	479	531	523	554*	590	664	644	660*	701	736	649
Operating income (loss)	96*	73	164	81	109*	100	191	111	92*	95	180	141
Interest expense	30*	29	31	—	—	—	—	—	—	—	—	—
Other income (expense)	(10)*	(2)	(0)	(17)	4*	0	(0)	0	0*	1	0	1
Income tax expense (benefit)	1*	6	19	(9)	26*	55	13	(3)	13*	7	22	8
Net income (loss)	23*	17	47	18	14*	(28)	52	31	8*	18	42	37

Fiscal quarters (RYAN's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	1,756	1,621	1,744	235	540	204	173	153	158	155	140	169
Total current assets	4,336	4,216	5,123	4,019	4,789	4,609	5,266	4,447	5,060	5,579	6,643	5,786
Property and equipment, net	42	43	46	46	50	60	66	70	69	66	65	65
Right-of-use asset	128	122	122	123	133	132	134	135	130	126	127	127
Goodwill	1,646	1,647	1,815	2,341	2,647	3,024	3,085	3,130	3,225	3,217	3,216	3,216
Total assets	7,247	7,117	8,272	8,479	9,650	9,890	10,626	9,852	10,564	11,012	11,967	11,044
Total current liabilities	3,744	3,677	4,696	3,966	4,549	4,399	5,233	4,457	5,189	5,456	6,656	5,754
Long-term debt	1,944	1,943	1,941	2,647	3,231	3,653	3,410	3,349	3,291	3,534	3,571	3,634
Lease liability, non-current	154	148	149	148	159	156	157	159	153	146	147	150
Total liabilities	6,268	6,142	7,199	7,377	8,552	8,833	9,444	8,620	9,310	9,793	10,950	10,143
Retained earnings	114	89	122	125	123	79	115	129	120	121	145	167
Total stockholders' equity	560	554	606	633	628	543	610	630	648	636	509	447
Total liabilities and equity	7,247	7,117	8,272	8,479	9,650	9,890	10,626	9,852	10,564	11,012	11,967	11,044

Fiscal quarters (RYAN's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	23*	17	47	18	14*	(28)	52	31	8*	18	42	37
Stock-based compensation	16*	17	21*	23*	17*	20	20*	11*	18*	17	21*	13*
Net cash from operating activities	227*	(117)	271*	101*	260*	(143)	354*	170*	263*	(167)	293*	181*
Net cash from investing activities	(94)*	(8)	(229)*	(1,050)*	(469)*	(573)	(46)*	(88)*	(127)*	(13)	(19)*	2*
Share repurchases	—	—	—	—	—	0	0*	0*	—	40	260*	150*
Dividends paid	0*	40	13*	13*	14*	15	15*	15*	16*	17	17*	16*
Net cash from financing activities	19*	(10)	82*	553*	542*	337	(102)*	(229)*	73*	86	4*	(171)*
Net change in cash	153*	(135)	123*	(388)*	325*	(369)	207*	(145)*	211*	(100)	278*	11*

SIC 6411 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6411 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Ryan Specialty Holdings	169	775	181*	not reported	—	Q3 FY26 10-QSep 30, 2026
Erie Indemnity	363	1,070	213*	not reported	—	Q3 FY26 10-QSep 30, 2026
Equitable Holdings	17,183	1,658	643*	273.0M	—	Q2 FY26 10-QJun 30, 2026
Accelerant Holdings	1,573	357	(69)*	not reported	22.9 quarters	Q2 FY26 10-QJun 30, 2026
Crawford	79	330	5.8*	not reported	—	Q3 FY26 10-QSep 30, 2026
Baldwin Insurance Group	184	493	46*	not reported	—	Q2 FY26 10-QJun 30, 2026
Goosehead Insurance	24	113	16*	not reported	—	Q2 FY26 10-QJun 30, 2026
Willis Towers Watson	1,946	2,404	739*	92.2M	—	Q3 FY26 10-QSep 30, 2026
Brown & Brown	1,099	1,725	532*	331.7M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.