What is Ryan Specialty Holdings's shares (diluted)?

Ryan Specialty Holdings (RYAN) reported shares (diluted) of 138.2M in Q4 2025.

How has Ryan Specialty Holdings's shares (diluted) changed year-over-year?

Ryan Specialty Holdings's shares (diluted) increased by 4.0% year-over-year, from 132.9M to 138.2M.

What does shares (diluted) mean?

The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

Ryan Specialty Holdings RYAN Shares (Diluted)

Discontinued — last reported Q4 '25

Shares (Diluted) at other companies

Aon plcAON

215.4M-1.1%

Axis Capital HoldersAXS

75.2M-8.8%

RLIRLI

92.2M-0.4%

Old Republic InternationalORI

249.4M-0.1%

Brown & BrownBRO

——

W.R. BerkleyWRB

——

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

See full

Return on equity18.4%+9.2pp

Debt / equity5.9×-1.2×

Current ratio1×0.0×

Where this comes from

Reported directly by Ryan Specialty Holdings in its filing.

Tagged under the XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding.

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 shares (diluted)?: Ryan Specialty Holdings (RYAN) reported shares (diluted) of 138.2M in Q4 2025.
How has Ryan Specialty Holdings's shares (diluted) changed year-over-year?: Ryan Specialty Holdings's shares (diluted) increased by 4.0% year-over-year, from 132.9M to 138.2M.
What does shares (diluted) mean?: The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.