Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

v3.25.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 203,549 $ 540,203
Commissions and fees receivable – net 432,476 389,758
Fiduciary cash and receivables 3,888,694 3,739,727
Prepaid incentives – net 9,248 9,219
Other current assets 75,143 109,951
Total current assets 4,609,110 4,788,858
NON-CURRENT ASSETS    
Goodwill 3,024,348 2,646,676
Customer relationships 1,554,690 1,392,048
Other intangible assets 97,993 83,674
Prepaid incentives – net 15,824 17,442
Equity method investment in related party 72,443 70,877
Property and equipment – net 60,396 50,209
Lease right-of-use assets 131,585 133,256
Deferred tax assets 308,862 448,289
Other non-current assets 14,788 18,589
Total non-current assets 5,280,929 4,861,060
TOTAL ASSETS 9,890,039 9,649,918
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 197,177 249,200
Accrued compensation 229,821 486,322
Operating lease liabilities 22,297 22,107
Tax Receivable Agreement liabilities 24,411 0
Short-term debt and current portion of long-term debt 36,208 51,732
Fiduciary liabilities 3,888,694 3,739,727
Total current liabilities 4,398,608 4,549,088
NON-CURRENT LIABILITIES    
Accrued compensation 57,558 49,362
Operating lease liabilities 155,735 159,231
Long-term debt 3,652,783 3,231,128
Tax Receivable Agreement liabilities 422,975 436,296
Deferred tax liabilities 38,943 39,922
Other non-current liabilities 106,124 86,606
Total non-current liabilities 4,434,118 4,002,545
TOTAL LIABILITIES 8,832,726 8,551,633
STOCKHOLDERS’ EQUITY    
Preferred stock ($0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2025 and December 31, 2024) 0 0
Additional paid-in capital 458,446 506,258
Retained earnings 79,338 122,939
Accumulated other comprehensive income (loss) 4,472 (1,796)
Total stockholders’ equity attributable to Ryan Specialty Holdings, Inc. 542,518 627,662
Non-controlling interests 514,795 470,623
Total stockholders’ equity 1,057,313 1,098,285
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 9,890,039 9,649,918
Class A Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 126 125
Class B Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 136 136
Class X common stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0