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Other financials

Income statement

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Revenue$795.2M+15.2%
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$5.76B-21.6%
Enterprise value$8.05B-15.1%
P/E53×-79.0×
P/S1.8×-0.8×

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 us-gaap:OperatingIncomeLoss.

The source filing: Ryan Specialty Holdings’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 7:15 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001849253-26-000026
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Depreciation4,0622,639
Change in contingent consideration27,294(14,042)
Total operating expenses$700,633$589,931
OPERATING INCOME$94,596$100,235
Interest expense, net53,73354,508
Income from equity method investments(5,531)(4,937)
Other non-operating income(711)(377)
INCOME BEFORE INCOME TAXES$47,105$51,041

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ryan Specialty Holdings's operating income?
Ryan Specialty Holdings (RYAN) reported operating income of $94.6M in Q1 2026.
How has Ryan Specialty Holdings's operating income changed year-over-year?
Ryan Specialty Holdings's operating income decreased by 5.6% year-over-year, from $100.24M to $94.6M.
What is the long-term trend for Ryan Specialty Holdings's operating income?
Over 4 years (2021 to 2025), Ryan Specialty Holdings's operating income has grown at a 27.5% compound annual growth rate (CAGR), from $186.62M to $493.64M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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