v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 168,811 $ 158,322
Commissions and fees receivable – net 576,111 488,951
Fiduciary cash and receivables 4,935,368 4,298,920
Prepaid incentives – net 28,660 13,550
Other current assets 76,615 100,437
Total current assets 5,785,565 5,060,180
NON-CURRENT ASSETS    
Goodwill 3,216,252 3,225,021
Customer relationships 1,314,994 1,496,885
Other intangible assets 137,001 119,621
Prepaid incentives – net 26,827 27,849
Equity method investments 109,852 109,982
Property and equipment – net 64,665 69,461
Lease right-of-use assets 126,985 130,480
Deferred tax assets 252,220 310,138
Other non-current assets 9,972 14,554
Total non-current assets 5,258,768 5,503,991
TOTAL ASSETS 11,044,333 10,564,171
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 308,128 284,403
Accrued compensation 408,583 519,251
Operating lease liabilities 28,923 25,987
Tax Receivable Agreement liabilities 30,697 0
Short-term debt and current portion of long-term debt 42,433 60,187
Fiduciary liabilities 4,935,368 4,298,920
Total current liabilities 5,754,132 5,188,748
NON-CURRENT LIABILITIES    
Accrued compensation 90,878 70,096
Operating lease liabilities 150,020 153,089
Long-term debt 3,634,056 3,291,462
Tax Receivable Agreement liabilities 454,391 458,997
Deferred tax liabilities 43,547 49,834
Other non-current liabilities 15,561 97,894
Total non-current liabilities 4,388,453 4,121,372
TOTAL LIABILITIES 10,142,585 9,310,120
STOCKHOLDERS’ EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2026 and December 31, 2025) 0 0
Additional paid-in capital 271,892 513,610
Retained earnings 166,508 120,353
Accumulated other comprehensive income 8,063 13,845
Total stockholders’ equity attributable to Ryan Specialty Holdings, Inc. 446,715 648,073
Non-controlling interests 455,033 605,978
Total stockholders’ equity 901,748 1,254,051
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 11,044,333 10,564,171
Class A Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 120 130
Class B Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 132 $ 135