The financials
Ryan Specialty Holdings, Inc. by the numbers
Ryan Specialty Holdings, Inc. (RYAN) reported revenue of $795M in Q1 2026 (quarter ended March 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 2026-Q1 was Wholesale Brokerage at $378M, 48% of the disclosed total, just ahead of Underwriting Management at 38%.
| 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 | $378M | 48% |
| Underwriting Management | $295M | 38% |
| Binding Authorities | $110M | 14% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $782.9M (+5.9%)
Underwriting Management grew +38% year on yearWholesale Brokerage +4.7% year on year
Segment Latestquarter on quarteryear on year
- Wholesale Brokerage$377.8M$377.8MQoQ +0.27%year on year +4.7%+0.27%+4.7%
- Underwriting Management$295.1M$295.1MQoQ +8.0%year on year +38%+8.0%+38%
- Binding Authorities$110.0M$110.0MQoQ +23%year on year +7.9%+23%+7.9%