RYAN SPECIALTY HOLDINGS, INC. (RYAN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: October 31, 2025

Risk Assessment Details

Potential Dilution: 6.67% of current shares
Recent Dilution: 5.84% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
130M
Potential Supply
8.5M
Additional shares possible
Splits
None
Past 2 years

Summary

RYAN currently has 128M outstanding shares. with limited dilution risk as only 8.54M additional shares (6.7%) are authorized for issuance. The company has minimally diluted shareholders by 5.84% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 31, 2025

10-Q filing | 127.9M shares outstanding

130M 8.5M
Aug 01, 2025

10-Q filing | 126.5M shares outstanding

130M 8.5M
May 02, 2025

10-Q filing | 125.4M shares outstanding

130M 8.5M
Feb 21, 2025

10-K filing | 120.8M shares outstanding

120M 8.5M
Oct 31, 2024

10-Q filing | 121.9M shares outstanding

120M 8.5M
Aug 02, 2024

10-Q filing | 271.2M shares outstanding

270M 8.5M
May 03, 2024

10-Q filing | 269.9M shares outstanding

270M 8.5M
Feb 28, 2024

10-K filing | 260.2M shares outstanding

260M 8.5M
Nov 03, 2023

10-Q filing | 260.3M shares outstanding

260M 8.5M
Aug 04, 2023

10-Q filing | 260.2M shares outstanding

260M 8.5M
May 05, 2023

10-Q filing | 267.0M shares outstanding

270M 8.5M
Mar 01, 2023

10-K filing | 265.8M shares outstanding

270M 8.5M
Nov 10, 2022

10-Q filing | 266.4M shares outstanding

270M 8.5M
Aug 12, 2022

10-Q filing | 259.6M shares outstanding

260M 8.5M
May 13, 2022

10-Q filing | 264.1M shares outstanding

260M 8.5M
Mar 16, 2022

10-K filing | 259.1M shares outstanding

260M 8.5M
Nov 12, 2021

10-Q filing | 259.1M shares outstanding

260M 8.5M
Sep 02, 2021

10-Q filing | 109.9M shares outstanding

110M 8.5M
Jul 12, 2021

S-1/A filing: This S-1/A filing grants the underwriters an option to purchase up to 8,537,742 shares of Class A common stock within 30 days of the prospectus date. It also mentions that immediately after the offering, there will be 106,488,770 shares of Class A common stock outstanding (or 109,903,867 if the underwriters' option is exercised in full) and 149,162,107 shares of Class B common stock outstanding.

110M 8.5M
Jun 29, 2021

S-1/A filing: This is an S-1/A filing for Ryan Specialty Group Holdings, Inc. to register Class A Common Stock with a proposed maximum aggregate offering price of $100,000,000.

N/A 0
Jun 21, 2021

S-1 filing: S-1 filing describing an offering of Class A common stock, including an underwriter option to purchase additional shares.

N/A 0
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