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Ryan Specialty Holdings RYAN Q4 2025 Annual earnings

Reported February 12, 2026 · After market close

Revenue$751.2MMiss by $25.9M
EPS$0.45Miss by $0.05
Revenue estimate$777.1M
EPS estimate$0.50

Next report

Jul 30, 2026 (Today)
Revenue estimate$873.9M
EPS estimate$0.60

Financials

Q4 2025

Income statement

See full
Revenue$751.2M+13.2%
Operating income$91.6M-16.2%
Net income$8.0M-42.0%
EPS (diluted)$0.12-33.8%

Balance sheet

See full
Cash & equivalents$1.6B-5.7%
Total debt$3.6B+2.1%
Total equity$648.1M+3.3%
Total assets$10.6B+9.5%

Cash flow

See full
Operating cash flow$263.2M+1.4%
Free cash flow$263.2M+1.4%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$6.65B-17.2%
Enterprise value$8.66B-12.3%
P/E104.9×+20.0×
P/S2.2×-1.0×

Profitability

See full
Operating margin16.2%-0.8pp
Net margin2.1%-1.7pp
FCF margin21%+0.5pp

Returns & leverage

See full
Return on equity9.9%-6.0pp
Debt / equity5.5×-0.1×
Current ratio1×-0.1×

Segments

By product

See full
Wholesale Brokerage$385.7M+2.9%
Underwriting Management$268.3M+34.2%
Binding Authority$84.0M+12.6%

By segment

See full
Reporting Segment$751.2M+13.2%

Versus estimates

Revenue

Q1 2026$795.2MBeat by $13.8M
Q4 2025$751.2MMiss by $25.9M
Q3 2025$754.6MMiss by $22.8MQ2 2025$855.2MBeat by $109.5MQ1 2025$690.2MBeat by $10.4MQ4 2024$663.5MBeat by $5.2M

Diluted EPS

Q1 2026$0.47Beat by $0.04
Q4 2025$0.45Miss by $0.05
Q3 2025$0.47In lineQ2 2025$0.66In lineQ1 2025$0.39Miss by $0.00Q4 2024$0.45Miss by $0.00

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Questions, answered.

When did Ryan Specialty Holdings report Q4 2025 earnings?
Ryan Specialty Holdings (RYAN) reported Q4 2025 earnings on February 12, 2026 after market close.
What were Ryan Specialty Holdings's Q4 2025 revenue and EPS?
Ryan Specialty Holdings reported revenue of $751.2M and eps of $0.45 for Q4 2025.
Did Ryan Specialty Holdings beat estimates in Q4 2025?
Revenue missed the consensus estimate of $777.1M by $25.9M. EPS missed the consensus estimate of $0.50 by $0.05.
How did Ryan Specialty Holdings's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 13.2% from $663.5M a year earlier and eps grew 0.0% from $0.45.
Where can I find Ryan Specialty Holdings's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-007479) and the 10-K periodic report (0001849253-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.