# RYAN SPECIALTY HOLDINGS, INC. (RYAN) · Edgar & Edgarette company card

> Ryan Specialty Holdings (RYAN) grew revenue 21.3% in FY2025 to $3.1 billion, operating margin 16.2% against a 15.5% median for insurance agents, brokers & service, equity 6.1% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1849253 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/RYAN) · [JSON](https://www.pops4.com/boards/company/RYAN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $3.1B |
| Revenue growth, 1 year | 21.3% |
| Revenue growth per year | 20.8% |
| Operating margin | 16.2% (prior year 17.0%) |
| Net margin | 7.0% |
| Operating cash flow | $644M |
| Capital spending | $3M |
| Free cash flow | $641M |
| Cash | $158M |
| Long-term debt | $3.3B |
| Total assets | $10.6B |
| Total equity | $648M |
| Equity ÷ assets | 6.1% |
| Return on equity | 33.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · filed restructuring or exit costs in the last 12 months
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $3.1B (FY2025), total debt $3.3B. Experience: revenue up 21.3% on the year, up 20.8% a year over 4 years; operating margin 16.2%, down from 17.0%. Soundness: equity 6.1% of assets, return on equity 33.0%, payout 29.1% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.3B and $3.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $3.1B to $4.2B. A statistical range, not company guidance. Against peers (16 filers, $50M+ revenue, insurance agents, brokers & service): operating margin 16.2% against a 15.5% median; growth 21.3% against 15.8%.

Range logged 2026-10-30, receipt 0225f2808da2752c, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.05 Restructuring or exit costs: 1, latest 2026-02-12 ([filing](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000004/0001849253-26-000004-index.htm))
- Item 5.02 Director or officer change: 1, latest 2025-12-08 ([filing](https://www.sec.gov/Archives/edgar/data/1849253/000184925325000018/0001849253-25-000018-index.htm))

## Recent filings

- 10-Q · filed 2026-10-30 · [filing](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000047/0001849253-26-000047-index.htm)
- 8-K · filed 2026-10-29 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000045/0001849253-26-000045-index.htm)
- 8-K · filed 2026-08-07 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000040/0001849253-26-000040-index.htm)
- 10-Q · filed 2026-07-31 · [filing](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000036/0001849253-26-000036-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000034/0001849253-26-000034-index.htm)
- 8-K · filed 2026-05-26 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1849253/000184925326000031/0001849253-26-000031-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001849253.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1849253

## Cite

POPS4, Edgar & Edgarette: RYAN SPECIALTY HOLDINGS, INC. (RYAN) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/RYAN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.