Ryan Specialty Grows 2025 Revenue 21.3% to $3.05B, Boosts Q4 EBITDAC
Ryan Specialty’s 2025 revenue climbed 21.3% to $3.05 billion, with Q4 revenue up 13.2% to $751.2 million and adjusted EBITDAC rising to $222.3 million despite GAAP net income of $31.2 million. Company closed five acquisitions adding $125M revenue and launched a three-year, $160M restructuring to save $80M annually by 2029.
1. Full-Year and Q4 Performance
Ryan Specialty’s total revenue rose 21.3% to $3.05 billion in 2025, with fourth-quarter revenue up 13.2% to $751.2 million and organic revenue growth of 6.6%.
2. Profit Metrics and M&A Activity
GAAP net income for Q4 fell to $31.2 million, while adjusted EBITDAC climbed to $222.3 million. The company completed five acquisitions in 2025 expected to add $125 million in annual revenue, and underwriting commissions and fees jumped 34.2%.
3. Empower Program Restructuring
The company introduced the Empower Program, a three-year restructuring initiative launching in 2026 with a $160 million charge and projected annual savings of $80 million by 2029, aimed at streamlining brokerage and underwriting operations through technology and data optimization.