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RYAN · Ryan Specialty Holdings, Inc.

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$46.89 +0.74 (+1.60%) At close · Nov 13
S&P 400 member Russell 1000 member Rebalance outlook locked
Market Cap
$11.80B
Shares
251.58M
Volume · Nov 13 3.12M Avg daily vol (3M) 1.95M

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$46.89 Open$46.43 Day$45.69–47.78 52W close$29.39–58.38 Avg vol 30d2.1M Short int13.3M · 5.3% of shares · 6.4d Short vol82% Last earningsOct 29, 2026 DataJul 2021–Nov 2026 Filing10-Q · Oct 30

Up next

Next earnings call
Feb 11, 2027 Est · unconfirmed · in 13 wks
Q3 2026 earnings call transcript
call held Oct 29, 2026
Play latest call

Latest documents

2026
Oct 30
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3

Ryan Specialty reported total revenue increased by $35.4 million, or 4.7%, and net income increased $25.4 million for the three months ended September 30, 2026. Empower Program restructuring and related costs were $23.9 million.

Revenue $789.96M ▲ 4.7% Net income $36.68M ▲ 18.0%
Read from the MD&A section
Oct 29
Earnings call
Revenue grows 4.7% amid intensifying property pricing pressure

Ryan Specialty Holdings posted third-quarter revenue growth of 4.7% to $790 million and adjusted EBITDA growth of 3.8% to $244 million. Property pricing is expected to deteriorate further, and full-year adjusted EBITDAQ margin should decline modestly.

4 source passages
Ryan Specialty Holdings' 3rd Quarter 2026 Earnings Conference Call. For the quarter, total revenue grew 4.7% to $790 million, driven by organic revenue growth of 4%. Adjusted EBITDAQ grew 3.8% to $244 million. Given the relatively benign property loss experience and the heightened level of capacity in the market, we expect continued deterioration of property pricing in the fourth quarter and into 2027. On margins, we are improving our guide to a full-year adjusted EBITDAQ margin that will be down modestly year over year. Open the document at this passage
Oct 29
Current report 8-K
Revenue grew 4.7% to $790.0 million

Ryan Specialty reported revenue growth of 4.7% to $790.0 million and organic revenue growth of 4.0% for the quarter ended September 30, 2026, while net income rose 40.6% to $88.0 million.

Financial results, Other events Read from the first part of this long document
4 source passages
Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty” or the “Company”), a leading international specialty insurance firm, today announced results for the third quarter ended September 30, 2026. Revenue grew 4.7% year-over-year to $790.0 million, compared to $754.6 million in the prior-year period Organic Revenue Growth Rate\* was 4.0% for the quarter, compared to 15.0% in the prior-year period Net income increased 40.6% year-over-year to $88.0 million, compared to $62.6 million in the prior-year period. Open the document at this passage
Jul 31
Quarterly report 10-Q FY2026 Q2, ended Jun 30
Quarterly report for FY2026 Q2 AI summary on its way
Revenue $916.65M ▲ 7.2% Net income $42.32M ▼ 18.6%
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$3.25B
Trailing 12 months
Net income (TTM)
$8.64M
Trailing 12 months
Revenue growth YoY
+4.7%
Year over year
Operating margin
15.6%
Trailing 12 months
P / E (TTM)
1,365.4
Trailing earnings · reciprocal yield 0.1%
FCF yield
4.8%
TTM · current market cap
Return on invested capital
10.8%
Trailing 12 months
Net cash
−$3.51B
Latest balance sheet
Dividend yield
1.1%
Trailing 12 months
Shares change YoY
—
Year over year · more shares
Price change (1Y)
-17.5%
Trailing year
Short interest
5.3%
Latest settlement · 6.4 days to cover
View all 125 metrics

Quarterly results

Revenue Net income Net loss
▲24.5% $663.53M $13.75M '24 Q4* ▲25% $690.17M −$27.64M '25 Q1 ▲23% $855.17M $51.98M '25 Q2 ▲24.8% $754.58M $31.09M '25 Q3 ▲13.2% $751.21M $7.98M '25 Q4* ▲15.2% $795.23M $17.65M '26 Q1 ▲7.2% $916.65M $42.31M '26 Q2 LATEST ▲4.7% $789.96M $36.68M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q3 FY26 earnings call · Oct 29, 2026
Q3 FY26

TL;DR. Third-quarter revenue grew 4.7% to $790.0 million, GAAP net income increased 40.6% to $88.0 million, adjusted EBITDAC grew 3.8% to $244.4 million, and adjusted diluted EPS grew 8.5% to $0.51; management maintained mid-single-digit organic revenue guidance, improved its full-year margin outlook, returned capital, declared a $0.13 quarterly dividend, and expanded AI-related underwriting capacity. Organic growth slowed to 4.0% and adjusted EBITDAC margin declined to 30.9%, while property pricing, casualty and binding-authority competition, builders' risk softness, and tougher 2027 comparisons remain headwinds.

Bullish
  • + Management maintained full-year organic revenue growth guidance at the higher end of the mid-single-digit range.
  • + Management improved its full-year adjusted EBITDAC margin outlook from a planned decline of 50 to 100 basis points to a modest decline of around 50 basis points.
  • + Ryan returned $173.7 million to shareholders in the quarter and declared a $0.13 quarterly dividend.
  • + Ryan expanded its AI-related underwriting capacity through Terra and a GPU transportation solution.
Bearish
  • − Property pricing is expected to deteriorate further in the fourth quarter and into 2027.
  • − Casualty pricing is moderating as competition broadens beyond small commercial and middle-market business.
  • − Binding Authority faces intensified competition from new facilities and the admitted market for small commercial business.
  • − Transactional liability faces a tougher comparison while builders' risk remains soft amid macroeconomic pressure.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Strong Sentiment Neutral Fundamentals Strong Quant / Vol High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +21%
above
Price vs 50-day avg +14%
above
RSI (14) 64
neutral
MACD trend Positive
52-week position 60%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Strong
1-month return +15%
trailing
6-month return +45%
trailing
YTD return −9%
this year
Relative strength +45%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $41 › 200d $39 — 50d above 200d
Institutional flow Distributing
346 of 373 funds reported for Sep 30 · net -7.6M sh shares · +58 new
Insider flow Distributing
Net -$6.3M over 90 days · 100% sells
Short interest Falling
5.29% of shares out · ▼ -4.6% MoM · 6.4 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
373 holders — mid 3-yr range
Squeeze score 70
high risk · 0–100
Fundamentals
Strong
Revenue growth +21%
Y/Y
Buyback $150.0M
remaining
Balance sheet $3.2B
net debt
Quant / Vol
risk profile
High
Volatility 44%
annualized · 1-yr
Max drawdown −50%
past year
ATR 3.5%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Jul 30, 2026
GAAP interest expense, net of interest income on our operating f · 2026 GAAP $226M
GAAP interest expense, net of interest income on operating funds · 2026 GAAP Raised $226M
Apr 30, 2026 $222M changed to Jul 30, 2026 $226M
Previous outlook earlier release · from the Earnings Call filed Apr 30, 2026

Still-open targets the latest release did not restate under the same label.

Organic revenue growth · full year 2026 4% – 6%
Adjusted effective tax rate · remainder of 2026 26%
Prior guidance period ended · from the Earnings Call filed Jul 30, 2026
GAAP interest expense, net of interest income on our operating f · third quarter $58M
GAAP interest expense, net of interest income on operating funds · third quarter $58M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
0 · 4 · 3
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+21% Bullish
Price vs 50-day avg
+14% Bullish
RSI (14)
64 Neutral
MACD trend
Positive Bullish
52-week position
60% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $41 › 200d $39 — 50d above 200d
Institutional flow Distributing
346 of 373 funds reported for Sep 30 · net -7.6M sh shares · +58 new
Insider flow Distributing
Net -$6.3M over 90 days · 100% sells
Short interest Falling
5.29% of shares out · ▼ -4.6% MoM · 6.4 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
373 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $29 Now $47 · 60% Range high $58
vs 200-day avg +21% vs 50-day avg +14%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Compensation and benefits expense ratio 58% the three months ended June 30, 2026 filing —
General and administrative expense ratio 12.9% the three months ended June 30, 2026 filing —
Organic revenue growth (Non-GAAP) non-GAAP 53.74M the three months ended June 30, 2026 filing —
restructuring and related costs $33.4M the three months ended June 30, 2026 filing —
Adjusted compensation and benefits expense non-GAAP 956.78M Six Months Ended June 30, 2026 —
Adjusted compensation and benefits expense ratio non-GAAP 55.9% Six Months Ended June 30, 2026 —
Adjusted diluted earnings per share non-GAAP $1.22 Six Months Ended June 30, 2026 —
Adjusted diluted earnings per share diluted share count non-GAAP 270.08M Six Months Ended June 30, 2026 —
Adjusted EBITDAC non-GAAP 558.94M Six Months Ended June 30, 2026 —
Adjusted EBITDAC margin non-GAAP 32.7% Six Months Ended June 30, 2026 —
Adjusted general and administrative expense non-GAAP 196.16M Six Months Ended June 30, 2026 —
Adjusted general and administrative expense ratio non-GAAP 11.5% Six Months Ended June 30, 2026 —
Adjusted net income non-GAAP 329.46M Six Months Ended June 30, 2026 —
Adjusted net income margin non-GAAP 19.2% Six Months Ended June 30, 2026 —
Capital returned to shareholders $284.5M Second Quarter 2026 —
Organic revenue growth rate non-GAAP 8.9% Six Months Ended June 30, 2026 —
Share repurchases $260M Second Quarter 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Insurance Brokers — same industry group
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 $98.80B +12.0% +10.3% 24.9 1.3%
AJG
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 $72.55B +9.3% +10.1% 43.3 3.0%
AON
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WTW
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 $30.92B +2.1% -2.2% 20.6 2.5%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
400
% held
43.4%
Reported
346 of 373
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
369
View
Short & Settlement
Short Interest Falling
Shares short
13.3M
Days to cover
6.4d
Change
-643.7K sh
View
Short Volume
Short vol %
82%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
36
Value
$1.4K
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
34.0%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$6.3M
Buyers / Sellers
0 / 2
Buyers Sellers
View
Financials
Financials
Revenue (FY)
$3.1B
Net income (FY)
$63.4M
View
Buybacks
Authorized
$300.0M
Remaining
$150.0M
Spent Remaining
View
Filings
SEC Filings
Latest
10-Q
Filed
Oct 30, 2026
This year
18

Ryan Specialty reported total revenue increased by $35.4 million, or 4.7%, and net income increased $25.4 million for the three months ended September 30, 2026. Empower Program restructuring and related costs were $23.9 million.

View
Proposed Sales
Value
$2.4M
Shares
50.0K
Filed
Nov 10, 2026
View
Exempt Offerings
Offering
Indefinite
Filed
Dec 22, 2023
View
Earnings & Events
Webcasts
Last webcast
Oct 29, 2026
View
Investor Relations
Latest news
RYAN SPECIALTY REPORTS THIRD QUAR…
Published
Oct 29, 2026
View

Performance

5D 20D 120D MTD YTD
RYAN -1.8% +15.1% +45.0% +7.0% -9.2%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -4.4% +16.2% +44.5% +7.1% -19.8%

Capital returns

Latest dividend
$0.13 / share · ex Nov 10, 2026
Raised 8.3%
Paid (TTM)
$0.52 / share · 4 payouts
Dividend yield (TTM, derived)
1.11%
Full dividend history
Buyback program · as of Sep 30, 2026
Authorized
$300.00M
Spent (derived)
$150.00M
Remaining
$150.00M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1849253 CUSIP 78351F107 13F (30d) 318 filings 290 filers Visit website Investor relations