RYAN SPECIALTY HOLDINGS, INC.RYAN

Market cap

$15B

P/E ratio

	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Cash and cash equivalents	387	993	839	540
Receivables, Net, Current	210	231	294	390
Fiduciary cash and receivables	2,390	2,612	3,132	3,740
Prepaid incentives – net	8	9	9	9
Other current assets	16	50	62	110
Total current assets	3,011	3,894	4,336	4,789
Goodwill	1,309	1,315	1,646	2,647
Customer relationships	-	-	572	1,392
Other intangible assets	574	486	38	84
Prepaid incentives – net	25	21	15	17
Equity Method Investments	45	39	46	71
Property and equipment – net	15	31	42	50
Lease right-of-use assets	-	-	128	133
Deferred tax assets	383	397	384	448
Other non-current assets	11	57	39	19
Total non-current assets	2,448	2,490	2,912	4,861
TOTAL ASSETS	5,459	6,384	7,247	9,650
Accounts payable and accrued liabilities	99	119	136	249
Accrued compensation	386	350	420	486
Operating lease liabilities	19	23	21	22
Debt, Current	23	31	35	52
Fiduciary liabilities	2,390	2,612	3,132	3,740
Total current liabilities	2,918	3,134	3,744	4,549
Accrued compensation	4	10	25	49
Operating lease liabilities	74	152	154	159
Long-term debt	1,567	1,952	1,944	3,231
Tax Receivable Agreement liabilities	-	-	359	436
Deferred tax liabilities	1	1	-	40
Other non-current liabilities	28	22	41	87
Total non-current liabilities	1,946	2,432	2,523	4,003
TOTAL LIABILITIES	4,864	5,566	6,268	8,552
Class A Common Stock	0	0	0	0
Class B Common Stock	0	0	0	0
Additional paid-in capital	349	418	442	506
Retained earnings	-7	54	114	123
Accumulated other comprehensive income (loss)	2	6	3	-2
Total stockholders’ equity attributable to Ryan Specialty Holdings, Inc.	-	-	980	1,098
Non-controlling interests	-	-	420	471
Class A Common Stock	-	-	0	0
Class B Common Stock	-	-	0	0
Total stockholders’ equity	-	-	980	1,098
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	5,459	6,384	7,247	9,650