The financials
Ryan Specialty Holdings, Inc. by the numbers
Ryan Specialty Holdings, Inc. (RYAN) reported revenue of $795M in Q1 2026 (quarter ended Mar 31, 2026), up 15% from the same quarter a year earlier. That came with net income of $18M (2.2% of revenue). For the full year FY2025, revenue was $3.05B (+21% year on year) and net income $63M. Its largest product in Jun 2026 was Wholesale Brokerage at $499M, 55% of the disclosed total, well ahead of Underwriting Management at 34%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $795M | $690M | +15% |
| Operating income | $95M | $100M | −5.6% |
| Net income | $18M | −$28M | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Wholesale Brokerage | $499M | 55% |
| Underwriting Management | $304M | 34% |
| Binding Authorities | $100M | 11% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $902.7M (+15%)
Underwriting Management grew +13% year on yearWholesale Brokerage +4.5% year on year
Segment Latestquarter on quarteryear on year
- Wholesale Brokerage$498.8M$498.8MQoQ +32%year on year +4.5%+32%+4.5%
- Underwriting Management$303.8M$303.8MQoQ +2.9%year on year +13%+2.9%+13%
- Binding Authorities$100.2M$100.2MQoQ -8.9%year on year +6.0%-8.9%+6.0%