Short answer
Donnelley Financial Solutions, Inc. (DFIN) filed its fiscal 2025 10-K annual report with the SEC on Feb 17, 2026. It reported revenue of $767M (−1.9% year over year) and net income of $32M.
- Top risk flagged: Cybersecurity risk management with monthly phishing simulations and quarterly IT training in 2025 to detect and respond to attacks targeting employees
FY2025 key financial metrics · XBRL
- Revenue
- $767M
- −1.9% YoY
- Net income
- $32M
- −64.9% YoY
- Operating margin
- 18.4%
- +0.9 pp YoY
- EPS (diluted)
- $1.15
- −62.4% YoY
- ROE
- 8.5%
- −12.6 pp YoY
- Operating cash flow
- $165M
- −3.6% YoY
Source: XBRL data from the Donnelley Financial Solutions, Inc. (DFIN) FY2025 10-K on SEC EDGAR. USD.
Donnelley Financial Solutions, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Provider of tech-enabled services, print and distribution, and software solutions to capital markets and compliance sectors
- Emphasis on higher software solutions sales, up $28.7M, driven by ActiveDisclosure (+$12.7M) and Arc Suite (+$12.3M)
- Strategic shift: Lower capital markets compliance volumes impacting print and tech-enabled services segments
- Pension plan termination and settlement triggered $82.8M non-cash charge and $11.3M net cash contribution in 2025
- Operating income rose 3.3% to $141.1M despite 1.9% net sales decline to $767.0M, aided by $17.5M lower cost of sales and $13.0M lower SG&A
Management Discussion & Analysis
- Revenue $767.0M, down $14.9M YoY from $781.9M in 2024
- Net earnings $32.4M vs $92.4M with operating margin approx. 4.2% vs 11.8% (calculated from net earnings/net sales)
- Best performing segment goodwill: CM-CCM with $252.7M; worst not explicitly stated but includes impairments of $3.9M software charges
- Operating cash flow $164.9M down $6.2M YoY, capex $57.1M, stock repurchases $185.0M, dividends max $20.0M authorized
- Management expects 2026 capex $55-60M, monitors tax law changes (OECD Pillar Two, One Big Beautiful Bill), believes sufficient liquidity, risks from market and demand volatility
Risk Factors
- Cybersecurity risk management with monthly phishing simulations and quarterly IT training in 2025 to detect and respond to attacks targeting employees
- AI governance program including AI Oversight Committee and risk reviews in vendor security and development to ensure compliant AI integration
- Chief Information Security Officer with 30 years experience leads multiple cybersecurity functions and reports directly to CIO and Board
- Board oversight includes cybersecurity expert, regular briefings, and executive sessions to monitor evolving cyber threats and mitigation efforts
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