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RYAN · NYSE · Insurance - Brokers

Ryan Specialty (RYAN)

Distributes and underwrites specialty insurance through broker and carrier platforms.

$36.85

vs last close−1.59 (−4.14%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	502	533	552	695	605	664	690	855	755	751	795	917
Cost of revenue	0	0	0	0	0	0	0	0	396	74	69	69
Gross profit	502	533	552	695	605	664	690	855	359	678	726	848
	461	474	505	559	585	594	639	717	203	543	582	633
	399	405	449	497	482	515	536	592	118	123	0	227
General & administrative	399	405	449	497	482	515	536	592	118	123	0	227
Other expenses	63	68	56	62	103	80	103	125	86	420	582	405
Operating income	41	59	47	137	20	69	51	138	156	135	144	215
	0	0	0	0	0	0	0	0	−96	−90	−97	−85
Interest income	0	0	0	0	0	0	0	0	0	13	12	14
Interest expense	31	30	29	31	49	49	55	58	56	53	54	57
Other non-operating income	−31	−30	−29	−31	−49	−49	−55	−58	37	37	43	28
Income before tax	41	59	47	137	20	69	51	138	60	45	47	131
Income tax expense	25	1	6	19	−9	26	55	13	−3	13	7	22
Net income from continuing operations	16	59	41	118	29	43	−4	125	63	31	41	108
Other adjustments	0	0	0	0	0	0	0	0	0	0	23	66
Net income	−5	23	17	47	18	14	−28	52	31	8	41	108
EPS, basic	−$0.04	$0.20	$0.14	$0.38	$0.21	$0.12	−$0.22	$0.41	$0.24	$0.06	$0.31	$0.34
EPS, diluted	−$0.04	$0.19	$0.06	$0.17	$0.09	$0.05	−$0.22	$0.19	$0.11	$0.03	$0.31	$0.33
Weighted average shares, basic	116	115	118	118	122	125	126	126	128	130	130	125
Weighted average shares, diluted	116	121	270	271	273	277	126	274	273	279	130	131
EBITDA	104	119	107	201	111	181	173	269	192	171	170	256
Depreciation & amortization	32	30	30	33	42	63	68	73	74	74	69	69
EBIT	72	89	77	168	69	118	106	196	118	98	101	187