NYSE$RYAN

Ryan Specialty Group Holdings, Inc. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Ryan Specialty Group Holdings, Inc. reported Q2 2025 results with total revenue of $855.2 million and net income of $124.7 million.

The company achieved 23.0% revenue growth year-over-year driven by acquisitions and organic expansion across its three specialties. Net income attributable to Ryan Specialty Holdings, Inc. was $52.0 million with basic EPS of $0.41. Strong performance in Underwriting Management was bolstered by recent acquisitions including Velocity.

  • Total revenue reached $855.2 million, up 23.0% from Q2 2024, with net commissions and fees at $840.9 million.
  • Underwriting Management revenue surged 73.1% to $269.2 million, fueled by acquisitions and organic growth.
  • Net income was $124.7 million, with operating income of $191.1 million.
  • US revenue was $801.5 million and non-US revenue was $53.7 million.

Headline financials

Total Revenue

$855M

Previous: $695M+23.0%
EPS (adj)

$0.41

Previous: $0.37+10.8%
Capital Expenditures

-$36.5M

Previous: -$22.6M-61.7%
Net Income

$52M

Previous: $46.8M+11.1%
Operating Income

$191M

Previous: $164M+16.2%
Cash & Equivalents

$173M

Previous: $1.74B-90.1%
Total Assets

$10.6B

Previous: $8.27B+28.4%

Revenue & EPS history

Ryan Specialty Group · Revenue · Quarterly

$855M

Q2 2025+23%vs Q2 2024
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Ryan Specialty Group · $841M total across 3 segments · Q2 2025

  • Wholesale Brokerage
    $477M
  • Underwriting Management
    $269M
  • Binding Authority
    $94.5M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+3.5%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+11.6%

Q1 2022

Best reaction

-22.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-10.5%-15.5%-8.6%
Q3 2025+8.1%+9.4%+14.6%
Q1 2025+3.2%+9.4%+10.4%
Q4 2024-4.7%+0.6%+3.6%
Q3 2024-5.9%-3.5%+7.7%
Q2 2024+11.3%+4.7%+4.9%
Q1 2024-1.8%-0.5%+5.9%
Q4 2023+7.8%+13.9%+17.9%
Q3 2023+2.6%+2.6%+4.5%
Q2 2023-2.0%-1.6%+11.1%
Q1 2023+2.8%+5.3%+2.1%
Q4 2022-3.8%-5.2%-7.9%
Q3 2022-22.5%-22.7%-7.0%
Q2 2022-0.6%+0.4%-5.9%
Q1 2022+11.6%+13.3%+5.6%
Q4 2021-10.7%-7.9%+0.3%
Q3 2021+7.5%+2.2%+2.3%
Q2 2021+2.4%+4.7%+1.8%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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