ryan-20251231
Table of Contents • risks relating to our organizational structure that could result in conflicts of interests between the LLC Unitholders, the Ryan Parties, and the holders of our Class A common stock; • risks relating to our share repurchase program; and • other factors disclosed in the section entitled “ Risk Factors ” in this Annual Report. We derive many of our forward-looking statements from our operating budgets and forecasts that are based on many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from our expectations, or cautionary statements, are disclosed under the sections entitled “ Risk Factors ” and “ Management’s Discussion and Analysis of Financial Condition and Results of Operations ” in this Annual