Quarterly report [Sections 13 or 15(d)]

Earnings (Loss) Per Share (Tables)

v3.25.1
Earnings (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Earnings (Loss) per Share A
reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings (loss) per share of
Class A common stock is as follows:
Three Months Ended March 31,
2025
2024
Net income (loss)
$(4,389)
$40,677
Less: Net income attributable to non-controlling interests
23,253
24,142
Net income (loss) attributable to Ryan Specialty Holdings, Inc.
$(27,642)
$16,535
Numerator:
Net income (loss) attributable to Class A common shareholders
$(27,642)
$16,535
Less: Income attributed to substantively vested RSUs
(550)
Net income (loss) attributable to Class A common shareholders – basic
$(27,642)
$15,985
Add: Income attributed to dilutive shares
18,242
Net income (loss) attributable to Class A common shareholders – diluted
$(27,642)
$34,227
Denominator:
Weighted-average shares of Class A common stock outstanding – basic
125,419,656
117,811,805
Add: Dilutive shares
152,110,563
Weighted-average shares of Class A common stock outstanding – diluted
125,419,656
269,922,368
Earnings (loss) per share
Earnings (loss) per share of Class A common stock – basic
$(0.22)
$0.14
Earnings (loss) per share of Class A common stock – diluted
$(0.22)
$0.13
Number of Shares Excluded from Calculation of Diluted Earnings Per Share The following number of shares were excluded from the calculation of diluted earnings (loss) per share because the effect
of including such potentially dilutive shares would have been antidilutive:
Three Months Ended March 31,
2025
2024
Conversion of non-controlling interest LLC Common Units1
136,063,929
Restricted Stock
413,820
IPO RSUs
2,597,398
Incentive RSUs
2,791,698
Incentive PSUs
1,658,251
Reload Options
3,799,629
Staking Options
66,667
Incentive Options
281,652
150,000
Restricted Common Units
135,991
IPO RLUs
1,293,538
Incentive RLUs
686,712
Incentive PLUs
487,218
Reload Class C Incentive Units
3,573,527
Staking Class C Incentive Units
2,078,334
Class C Incentive Units
495,822
195,822
1Weighted average units outstanding during the period.