Fri, May 2, 11:25 AM (10 days ago)
### Ryan Specialty Holdings, Inc. (RYAN) Q1 2025 Financial Summary **Revenue and Profit Margins:** - **Total Revenue:** $690.2 million, up 25.0% YoY. - **Net Commissions and Fees:** $676.1 million, up 25.7% YoY. - **Fiduciary Investment Income:** $14.0 million, down 0.9% YoY. - **Operating Income:** $100.2 million, up 38.0% YoY. - **Net Income:** -$4.4 million, down from $40.7 million YoY. - **Earnings per Share (EPS):** -$0.22, down from $0.14 YoY. **Cash Flow:** - **Operating Cash Flow:** -$142.8 million, down from -$116.5 million YoY. - **Investing Cash Flow:** -$573.0 million, down from -$7.6 million YoY. - **Financing Cash Flow:** $336.8 million, up from -$10.2 million YoY. **Key Financial Metrics:** - **Total Assets:** $9.9 billion. - **Total Liabilities:** $8.8 billion. - **Stockholders' Equity:** $1.1 billion. - **Cash and Cash Equivalents:** $203.5 million. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by acquisitions and organic growth, particularly in the Underwriting Management Specialty. - **Expenses:** Increased due to higher compensation, general and administrative costs, and amortization. - **Cash Flow:** Negative operating cash flow due to higher expenses and investments. - **Future Operations Impact:** Focus on strategic acquisitions, deepening relationships with retail brokers, and investing in operations and growth. **Trends and Uncertainties:** - **Positive Trends:** Strong organic growth and successful acquisitions. - **Uncertainties:** Economic conditions, competitive pressures, and regulatory changes. **Future Operations Impact:** - **Strategic Acquisitions:** Continued focus on complementary acquisitions. - **Relationship Building:** Deepening ties with retail brokers. - **Operational Investment:** Enhancing product and service offerings. **Ticker:** RYAN