v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 140,119 $ 158,322
Commissions and fees receivable – net 697,564 488,951
Fiduciary cash and receivables 5,709,568 4,298,920
Prepaid incentives – net 15,560 13,550
Other current assets 79,758 100,437
Total current assets 6,642,569 5,060,180
NON-CURRENT ASSETS    
Goodwill 3,215,684 3,225,021
Customer relationships 1,373,379 1,496,885
Other intangible assets 127,132 119,621
Prepaid incentives – net 27,968 27,849
Equity method investments 121,680 109,982
Property and equipment – net 64,554 69,461
Lease right-of-use assets 126,931 130,480
Deferred tax assets 256,595 310,138
Other non-current assets 10,143 14,554
Total non-current assets 5,324,066 5,503,991
TOTAL ASSETS 11,966,635 10,564,171
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 340,815 284,403
Accrued compensation 484,505 519,251
Operating lease liabilities 27,906 25,987
Tax Receivable Agreement liabilities 30,343 0
Short-term debt and current portion of long-term debt 62,466 60,187
Fiduciary liabilities 5,709,568 4,298,920
Total current liabilities 6,655,603 5,188,748
NON-CURRENT LIABILITIES    
Accrued compensation 82,658 70,096
Operating lease liabilities 146,505 153,089
Long-term debt 3,570,689 3,291,462
Tax Receivable Agreement liabilities 433,317 458,997
Deferred tax liabilities 45,624 49,834
Other non-current liabilities 16,094 97,894
Total non-current liabilities 4,294,887 4,121,372
TOTAL LIABILITIES 10,950,490 9,310,120
STOCKHOLDERS’ EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2026 and December 31, 2025) 0 0
Additional paid-in capital 355,762 513,610
Retained earnings 145,333 120,353
Accumulated other comprehensive income 8,064 13,845
Total stockholders’ equity attributable to Ryan Specialty Holdings, Inc. 509,414 648,073
Non-controlling interests 506,731 605,978
Total stockholders’ equity 1,016,145 1,254,051
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 11,966,635 10,564,171
Class A Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 121 130
Class B Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 134 $ 135