DFIN · Donnelley Financial Solutions, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $205.50M | - | $175.30M | $218.10M | $201.10M | - | $179.50M | $242.70M | $203.40M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $67.40M | - | $67.30M | $70.00M | $65.80M | - | $74.00M | $76.10M | $72.80M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $15.00M | - | $15.20M | $15.10M | $14.10M | - | $17.20M | $14.30M | $13.90M | - |
| Operating Income | $48.50M | - | $28.20M | $52.80M | $45.80M | - | $18.20M | $64.50M | $44.60M | - |
| Interest Expense | $2.80M | - | $2.90M | $3.80M | $3.10M | - | $3.10M | $3.70M | $3.60M | - |
| Income Tax | $11.90M | - | ($17.00M) | $12.60M | $11.20M | - | $6.70M | $17.10M | $8.10M | - |
| Net Income | $33.50M | - | ($40.90M) | $36.10M | $31.00M | - | $8.70M | $44.10M | $33.30M | - |
| EPS - Basic | $1.30 | - | ($1.49) | $1.30 | $1.08 | - | $0.30 | $1.50 | $1.14 | - |
| EPS - Diluted | $1.27 | - | ($1.49) | $1.28 | $1.05 | - | $0.29 | $1.47 | $1.09 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $26.10M | $24.50M | $22.70M | $33.80M | $16.20M | $57.30M | $33.60M | $35.00M | $43.70M | $23.10M |
| Accounts Receivable | $201.90M | $143.00M | $161.00M | $202.00M | $198.20M | $138.00M | $178.00M | $217.00M | $194.20M | $151.80M |
| Inventory | - | $5.60M | - | - | - | $4.40M | - | - | - | $4.70M |
| Accounts Payable | $35.10M | $23.70M | $27.80M | $37.90M | $38.40M | $28.70M | $33.80M | $35.60M | $44.00M | $33.90M |
| Current Assets | $261.10M | $211.40M | $217.70M | $266.60M | $242.90M | $232.50M | $237.30M | $278.60M | $268.10M | $208.50M |
| Total Assets | $840.80M | $800.40M | $816.30M | $874.70M | $852.80M | $841.60M | $843.60M | $882.90M | $867.80M | $806.90M |
| Current Liabilities | $185.60M | $200.00M | $193.30M | $207.10M | $195.80M | $224.10M | $207.10M | $192.50M | $179.90M | $201.60M |
| Long-term Debt | $224.10M | $165.50M | $148.90M | $184.30M | $183.70M | $124.70M | $124.60M | $179.60M | $204.50M | $124.50M |
| Total Liabilities | $464.10M | $421.20M | $393.20M | $442.60M | $432.90M | $405.50M | $399.10M | $441.40M | $458.90M | $404.70M |
| Stockholders' Equity | $376.70M | $379.20M | $423.10M | $432.10M | $419.90M | $436.10M | $444.50M | $441.50M | $408.90M | $402.20M |
| Retained Earnings | $594.40M | $560.90M | $554.70M | $595.60M | $559.50M | $528.50M | $522.20M | $513.50M | $469.40M | $436.10M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.60M) | - | - | - | ($37.70M) | - | - | - | ($27.90M) | - |
| Investing Cash Flow | ($10.30M) | - | - | - | ($13.30M) | - | - | - | $200.0K | - |
| Financing Cash Flow | $17.50M | - | - | - | $9.50M | - | - | - | $48.60M | - |
| CapEx | $10.40M | - | - | - | $13.30M | - | - | - | $12.30M | - |
| Free Cash Flow | ($16.00M) | - | - | - | ($51.00M) | - | - | - | ($40.20M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 23.6% | - | 16.1% | 24.2% | 22.8% | - | 10.1% | 26.6% | 21.9% | - |
| EBITDA margin | 30.9% | - | 24.8% | 31.1% | 29.8% | - | 19.7% | 32.5% | 28.8% | - |
| Net margin | 16.3% | - | -23.3% | 16.6% | 15.4% | - | 4.8% | 18.2% | 16.4% | - |
| Free cash flow margin | -7.8% | - | - | - | -25.4% | - | - | - | -19.8% | - |
| FCF / Net income | -0.48 | - | - | - | -1.65 | - | - | - | -1.21 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 32.8% | - | 38.4% | 32.1% | 32.7% | - | 41.2% | 31.4% | 35.8% | - |
| Effective tax rate | 26.2% | - | - | 25.9% | 26.5% | - | 43.5% | 27.9% | 19.6% | - |
| Return on assets | 4.0% | - | -5.0% | 4.1% | 3.6% | - | 1.0% | 5.0% | 3.8% | - |
| Return on equity | 8.9% | - | -9.7% | 8.4% | 7.4% | - | 2.0% | 10.0% | 8.1% | - |
| Return on invested capital | 6.0% | - | 3.9% | 6.3% | 5.6% | - | 1.8% | 7.5% | 5.8% | - |
| Liquidity | ||||||||||
| Current ratio | 1.41 | 1.06 | 1.13 | 1.29 | 1.24 | 1.04 | 1.15 | 1.45 | 1.49 | 1.03 |
| Quick ratio | 1.41 | 1.03 | 1.13 | 1.29 | 1.24 | 1.02 | 1.15 | 1.45 | 1.49 | 1.01 |
| Cash ratio | 0.14 | 0.12 | 0.12 | 0.16 | 0.08 | 0.26 | 0.16 | 0.18 | 0.24 | 0.11 |
| Leverage | ||||||||||
| Debt / Equity | 0.59 | 0.44 | 0.35 | 0.43 | 0.44 | 0.29 | 0.28 | 0.41 | 0.50 | 0.31 |
| Debt / Assets | 0.27 | 0.21 | 0.18 | 0.21 | 0.22 | 0.15 | 0.15 | 0.20 | 0.24 | 0.15 |
| Debt / EBITDA | 3.53 | - | 3.43 | 2.71 | 3.07 | - | 3.52 | 2.28 | 3.50 | - |
| Interest coverage | 17.3x | - | 9.7x | 13.9x | 14.8x | - | 5.9x | 17.4x | 12.4x | - |
| Equity multiplier | 2.23 | 2.11 | 1.93 | 2.02 | 2.03 | 1.93 | 1.90 | 2.00 | 2.12 | 2.01 |
| Liabilities / Assets | 0.55 | 0.53 | 0.48 | 0.51 | 0.51 | 0.48 | 0.47 | 0.50 | 0.53 | 0.50 |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | - | 0.21 | 0.25 | 0.24 | - | 0.21 | 0.27 | 0.23 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 359d | - | 335d | 338d | 360d | - | 362d | 326d | 348d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 37.1x | - | - | 48.2x | 41.6x | - | 227.0x | 40.6x | 56.9x | - |
| P / B | 3.3x | - | 3.3x | 4.0x | 3.1x | - | 4.4x | 4.1x | 4.6x | - |
| P / S | 6.0x | - | 8.0x | 8.0x | 6.4x | - | 11.0x | 7.4x | 9.3x | - |
| EV / EBITDA | 22.6x | - | 35.4x | 27.8x | 24.3x | - | 58.2x | 24.5x | 35.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.2% | - | -2.3% | -10.1% | -1.1% | - | -0.3% | 0.2% | 2.4% | - |
| Revenue CAGR (3y) | 1.1% | - | -2.4% | -6.4% | -1.6% | - | -10.2% | -3.2% | -6.1% | - |
| Revenue CAGR (5y) | -3.5% | - | -3.5% | -3.0% | -1.8% | - | -1.7% | -1.3% | -4.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 5.9% | - | 54.9% | -18.1% | 2.7% | - | -38.9% | 16.0% | 201.4% | - |
| Net income growth (YoY) | 8.1% | - | - | -18.1% | -6.9% | - | -51.9% | 17.0% | 110.8% | - |
| EPS growth (YoY) | 21.0% | - | - | -12.9% | -3.7% | - | -51.7% | 18.5% | 109.6% | - |
| EPS CAGR (3y) | 34.7% | - | - | -3.4% | 10.9% | - | -38.1% | 5.8% | 2.2% | - |
| EPS CAGR (5y) | 4.5% | - | - | - | 54.3% | - | -7.6% | 23.6% | - | - |
| FCF growth (YoY) | 68.6% | - | - | - | -26.9% | - | - | - | 35.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -10.3% | -13.0% | -4.8% | -2.1% | 2.7% | 8.4% | 15.4% | 17.4% | 22.9% | 22.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$767.00M totalCapital Markets Compliance And Communications Management$296.20M · 38.6%
Capital Markets Software Solutions$230.00M · 30.0%
Investment Companies Software Solutions$128.40M · 16.7%
Investment Companies Compliance And Communications Management$112.40M · 14.7%
Product / service
$767.00M totalSoftware Solutions$358.40M · 46.7%
Technology Service$298.30M · 38.9%
Print And Distribution Service$110.30M · 14.4%
Geographic
$767.00M totalUS$684.80M · 89.3%
Europe$29.50M · 3.8%
CA$26.10M · 3.4%
Asia$24.70M · 3.2%
Other Geographic Area$1.90M · 0.2%
Peer comparison
Same SIC group: Services-Miscellaneous Business Services
Comparing Donnelley Financial Solutions against the 5 most active filers in the same SIC group.