Donnelley Financial Solutions, Inc. (DFIN) SEC Filings & Earnings Calls
EquiReason read 11 Donnelley Financial Solutions, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-07-30 — Net sales $224M (+3% y/y); Net earnings $36M (+1% y/y); Adjusted EBITDA $82M (+8% y/y).
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 1.4B
- P/E TTM
- 38.3
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 29 Oct, in 5 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
30 Jul 20268-K · 2.02Net sales $224M (+3% y/y); Net earnings $36M (+1% y/y); Adjusted EBITDA $82M (+8% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q2-2026 | $224M | +3% y/y |
| Net earnings · Q2-2026 | $36M | +1% y/y |
| Adjusted EBITDA · Q2-2026 | $82M | +8% y/y |
| Adjusted EBITDA margin · Q2-2026 | 36.7% | |
| Free cash flow · Q2-2026 | $61M | +18% y/y |
| Software solutions net sales · Software solutions · Q2-2026 | $99M | +8% y/y |
| Diluted EPS · Q2-2026 | $1.44 | +13% y/y |
| Adjusted non-GAAP net earnings per diluted share · Q2-2026 | $1.76 | +18% y/y |
Risks flagged
Decline in print and distribution revenue may continue.
“Print and distribution net sales decreased 15.0%.”
Macroeconomic uncertainty may impact capital markets activity.
“While the macroeconomic outlook remains uncertain.” · word for word
30 Jul 202610-QDonnelley Financial Solutions reported Q2 2026 results with software revenue up 7.8% YoY, operating income up 6.1%, and operating cash flow more than doubling.earningsopen
Figures in the filing · each found in the filing text
| Total net sales · Q2-2026 | $224M | +3% y/y |
| Net earnings · Q2-2026 | $36M | +1% y/y |
| Diluted EPS · Q2-2026 | $1.44 | +13% y/y |
| Operating cash flow · H1-2026 | $69M | +125% y/y |
Risks flagged
Dependence on capital markets activity
“The volatility of the global economy and financial markets, and its impact on transactional volume” · word for word
Shift from print to digital may pressure print revenue
“Print and distribution revenue declined 15% YoY ($34.6M vs $40.7M)”
5 May 20268-K · 2.02Net Sales $206M (+2% y/y); Net Earnings $34M (+8% y/y); Adjusted EBITDA $71M (+4% y/y); Guidance: Q2 2026 Net Sales $215M-$225M; Adjusted EBITDA margin 34%-36%earningsopen
Figures in the filing · each found in the filing text
| Net Sales · Q1-2026 | $206M | +2% y/y |
| Net Earnings · Q1-2026 | $34M | +8% y/y |
| Adjusted EBITDA · Q1-2026 | $71M | +4% y/y |
| Adjusted EBITDA margin · Q1-2026 | 34.4% | |
| Software solutions net sales · Software Solutions · Q1-2026 | $92M | +8% y/y |
| Diluted EPS · Q1-2026 | $1.27 | +21% y/y |
| Operating Cash Flow · Q1-2026 | $-6M | +85% y/y |
| Free Cash Flow · Q1-2026 | $-16M | +69% y/y |
| Diluted Shares Outstanding · Q1-2026 | 26,300,000 | -11% y/y |
| Gross leverage · Q1-2026 | $0.90 |
Guidance
Q2 2026 Net Sales $215M-$225M; Adjusted EBITDA margin 34%-36%
Q2 guidance implies continued growth; management confident in durable operating model despite macro uncertainty.
Risks flagged
Geopolitical volatility dampened March capital markets deal activity; uncertainty could persist.
“heightened market volatility stemming from rising geopolitical conflicts dampened deal activity in March” · word for word
Unfavorable sales mix within Capital Markets - Compliance and Communications Management segment partially offset software gains.
“partially offset by an unfavorable sales mix within the Capital Markets - Compliance and Communications Management segment” · word for word
5 May 202610-QTotal net sales $206M (+2% y/y); Software solutions revenue $92M (+8% y/y); Tech-enabled services revenue $70M (-8% y/y)open
Figures in the filing · each found in the filing text
| Total net sales · Q1-2026 | $206M | +2% y/y |
| Software solutions revenue · Software Solutions · Q1-2026 | $92M | +8% y/y |
| Tech-enabled services revenue · Tech-enabled Services · Q1-2026 | $70M | -8% y/y |
| Print and distribution revenue · Print and Distribution · Q1-2026 | $44M | +9% y/y |
| Net earnings · Q1-2026 | $34M | +8% y/y |
| Diluted EPS · Q1-2026 | $1.27 | +21% y/y |
| Income from operations · Q1-2026 | $49M | +6% y/y |
| Segment Adjusted EBITDA · Q1-2026 | $78M | +3% y/y |
| Capital Markets - Software Solutions Segment Adjusted EBITDA · Capital Markets - Software Solutions · Q1-2026 | $19M | +38% y/y |
| Capital Markets - Compliance and Communications Management Segment Adjusted EBITDA · Capital Markets - Compliance and Communications Management · Q1-2026 | $34M | -8% y/y |
Risks flagged
Revenue mix shift risk
“Tech-enabled services revenue declined 8.4% YoY, while software solutions grew 8.4%, indicating ongoing shift that may pressure margins if not managed.”
Capital Markets transaction volume dependency
“Capital Markets Compliance and Communications Management revenue declined, suggesting sensitivity to capital markets activity levels.”
1 Apr 2026DEF 14AProxy statement filed for 2026 annual meeting, disclosing executive compensation, governance, and 2025 financial results.open
Figures in the filing · each found in the filing text
| Net Sales · FY2025 | $767M | -2% y/y |
| Software Solutions Net Sales · Software Solutions · FY2025 | $358M | +9% y/y |
| Adjusted EBITDA · FY2025 | $240M | |
| Net Earnings (GAAP) · FY2025 | $32M | |
| Operating Cash Flow · FY2025 | $165M | |
| Free Cash Flow · FY2025 | $108M | |
| Capital Expenditures · FY2025 | $57M | |
| Stock Repurchases · FY2025 | $172M | |
| Software Solutions Net Sales as % of Total · Software Solutions · FY2025 | 47.0% |
Risks flagged
Capital Markets Dependency
“while our total event-driven revenue declined by 2.8%.” · word for word
Pension Plan Settlement Charge
“Pension plan settlement charge 82.8 (2025)”
Recurring Revenue Decline
“our recurring and reoccurring revenue ... decreased by 1.6% from 2024”
17 Feb 20268-K · 2.02Net Sales $172M (+10% y/y); Adjusted EBITDA $46M (+44% y/y); Adjusted EBITDA margin 26.6; Guidance: Q1 2026 net sales $200-210M, Adj EBITDA margin 33-35%earningsopen
Figures in the filing · each found in the filing text
| Net Sales · consolidated · Q4-2025 | $173M | +10% y/y |
| Adjusted EBITDA · consolidated · Q4-2025 | $46M | +45% y/y |
| Adjusted EBITDA margin · consolidated · Q4-2025 | 26.6% | |
| Net Sales · consolidated · FY2025 | $767M | -2% y/y |
| Adjusted EBITDA · consolidated · FY2025 | $240M | +10% y/y |
| Adjusted EBITDA margin · consolidated · FY2025 | 31.3% | |
| Free Cash Flow · consolidated · Q4-2025 | $48M | +16% y/y |
| Software Solutions Net Sales · Software Solutions · FY2025 | $358M | +9% y/y |
| Capital Markets Transactional Net Sales · Capital Markets · Q4-2025 | $11M | +29% y/y |
| Net Earnings · consolidated · Q4-2025 | $6M | -2% y/y |
Guidance
Q1 2026 net sales $200-210M, Adj EBITDA margin 33-35%
Q1 guidance implies continued strong growth and margin expansion, with capital markets transactional net sales $45-50M.
Risks flagged
Full-year net sales decline of 1.9%
“Full-Year 2025 Net Sales $767.0 million vs $781.9 million, a decrease of 1.9%.”
Net earnings decline in FY2025
“Net Earnings $32.4 million vs $92.4 million, a decrease of 64.9%.”
17 Feb 202610-KNet sales $767M (-2% y/y); Adjusted EBITDA $240M (+10% y/y); Net earnings $32M (-65% y/y); Guidance: Capex guided $55M-$60M for 2026open
Figures in the filing · each found in the filing text
| Net sales · FY2025 | $767M | -2% y/y |
| Adjusted EBITDA · FY2025 | $240M | +10% y/y |
| Net earnings · FY2025 | $32M | -65% y/y |
| Capital expenditures · FY2025 | $57M | -13% y/y |
| ActiveDisclosure net sales · Software Solutions · FY2025 | $13M | |
| Arc Suite net sales · Software Solutions · FY2025 | $12M | |
| Cash and cash equivalents · FY2025 | $25M | |
| Long-term debt · FY2025 | $166M | +33% y/y |
| Net cash provided by operating activities · FY2025 | $165M | -4% y/y |
| Common stock repurchases · FY2025 | $185M | +127% y/y |
Guidance
Capex guided $55M-$60M for 2026
Software solutions growth and cost controls support margin expansion, but capital markets headwinds persist.
Risks flagged
Capital markets dependency
“Net sales decreased primarily due to lower tech-enabled services net sales of $22.5 million, primarily driven by lower capital markets compliance volumes.” · word for word
Pension settlement charge
“recognized a non-cash settlement charge of $82.8 million during the year ended December 31, 2025” · word for word
29 Oct 20258-K · 2.02Net Sales $175M (-2% y/y); Software Solutions Net Sales $91M (+10% y/y); Adjusted EBITDA $50M (+15% y/y); Guidance: No numerical guidance provided; qualitative outlook: Q4 headwind from government shutdown, but strong market position when aearningsopen
Figures in the filing · each found in the filing text
| Net Sales · Q3-2025 | $175M | -2% y/y |
| Software Solutions Net Sales · Software Solutions · Q3-2025 | $91M | +10% y/y |
| Adjusted EBITDA · Q3-2025 | $50M | +15% y/y |
| Adjusted EBITDA Margin · Q3-2025 | 28.2% | |
| Non-GAAP Net Earnings Per Diluted Share · Q3-2025 | $0.86 | +79% y/y |
| GAAP Net Loss · Q3-2025 | $-41M |
Guidance
No numerical guidance provided; qualitative outlook: Q4 headwind from government shutdown, but strong market position when activity resumes.
Management positive on Q3 results and strategic transformation, but cautious on Q4 due to government shutdown impact on capital markets activity.
Risks flagged
Government shutdown curtailing Q4 capital markets activity, especially IPO market.
“Government shutdown which started on October 1st has substantially curtailed IPO activity and impacted other capital markets transactions so far in the fourth quarter.”
Pension plan settlement resulted in $82.8M non-cash charge and $12.5M cash contribution, impacting GAAP net income.
“Plan Settlement resulted in a non-cash charge of $82.8 million and a $12.5 million cash contribution to fully fund the plan.”
29 Oct 202510-QDFIN reported a net loss of $40.9M due to an $82.8M non-cash pension settlement charge, with software solutions growing but legacy services declining.earningsopen
Figures in the filing · each found in the filing text
| Total net sales · Q3-2025 | $175M | -2% y/y |
| Net revenue software solutions · Q3-2025 | $91M | +10% y/y |
| Net income · Q3-2025 | $-41M | |
| EPS diluted · Q3-2025 | $-1.49 | |
| Operating cash flow · 9M-2025 | $105M | -8% y/y |
Risks flagged
Pension settlement charge
“Pension plan settlement charge $82.8 million for three months ended September 30, 2025.”
Revenue decline in legacy services
“Tech-enabled services revenue decreased 8.8% YoY; Print and distribution revenue decreased 27.6% YoY.”
Donnelley Financial Solutions, Inc. — questions
- What did Donnelley Financial Solutions, Inc. file recently?
- 11 SEC filings in the last 12 months. Latest: 8-K on 2026-07-30 — Net sales $224M (+3% y/y); Net earnings $36M (+1% y/y); Adjusted EBITDA $82M (+8% y/y)
Every figure on this page comes from Donnelley Financial Solutions, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.