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Ryan Specialty Holdings RYAN Payment of Tax Receivable Agreement liabilities

Payment of Tax Receivable Agreement liabilities at other companies

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Other financials

Income statement

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Revenue$795.2M+15.2%
Operating income$94.6M-5.6%
Net income$17.6M+164%
EPS (diluted)$0.12-33.8%

Balance sheet

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Cash & equivalents$1.5B+13.2%
Total debt$3.8B-2.3%
Total equity$636.2M+17.3%
Total assets$11.0B+11.3%

Cash flow

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Operating cash flow-$167.4M-17.2%
CapEx--100%
Free cash flow-$167.4M-16.7%

Valuation

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Market cap$4.53B-53.3%

Profitability

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Operating margin15.5%-1.7pp
Net margin3.4%+1.5pp
FCF margin19.5%+1.2pp

Returns & leverage

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Return on equity18.4%+9.2pp
Debt / equity5.9×-1.2×
Current ratio0.0×

Where this comes from

Reported directly by Ryan Specialty Holdings in its filing.

Tagged under the XBRL concept ryan:PaymentOfTaxReceivableAgreementLiabilities.

The official record: Ryan Specialty Holdings’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ryan Specialty Holdings's payment of tax receivable agreement liabilities?
Ryan Specialty Holdings (RYAN) reported payment of tax receivable agreement liabilities of $6.29M in Q4 2025.
How has Ryan Specialty Holdings's payment of tax receivable agreement liabilities changed year-over-year?
Ryan Specialty Holdings's payment of tax receivable agreement liabilities increased by 16.6% year-over-year, from $5.39M to $6.29M.
What does payment of tax receivable agreement liabilities mean?
Captures cash payments made to pre-IPO owners or other parties under a Tax Receivable Agreement (TRA). These payments represent the distribution of cash savings realized by the company from the utilization of specific tax attributes, such as net operating losses or step-ups in asset basis. It is a key indicator of long-term cash obligations resulting from historical corporate restructuring.