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Donnelley Financial Solutions, Inc. provides compliance and regulatory software and services in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Β Software Solutions (CM-SS); Capital Markets Β Compliance and Communications Management (CM-CCM); Investment Companies Β Software Solutions (IC-SS); and Investment Companies Β Compliance and Communications Management (IC-CCM). The CM-SS segment provides Venue and ActiveDisclosure solutions to public and private companies to manage public and private transactional and compliance processes; collaborate; and tag, validate, and file SEC documents. The CM-CCM segment offers tech-enabled services and print and distribution solutions to public and private companies for deal solutions and SEC compliance requirements. The IC-SS segment provides clients with the Arc Suite platform that contains a comprehensive suite of cloud-based solutions, including ArcDigital, ArcReporting, ArcPro, and ArcRegulatory, as well as services that enable storage and management of compliance and regulatory information in a self-service and central repository for accessing, assembling, editing, translating, rendering, and submitting documents to regulators and investors. The IC-CCM segment offers tech-enabled solutions for creating, filing and distributing regulatory communications, and solutions for investor communications, as well as iXBRL-formatted filings pursuant for Investment Company Act through the SEC's EDGAR system. This segment provides turnkey proxy services, including discovery, planning and implementation, print and mail management, solicitation, tabulation services, stockholder meeting review, and expert support. The company was founded in 1983 and is headquartered in Lancaster, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $767M | $123M | $32M | $108M | 8.5% | -1.9% | -64.9% |
| 2024 | $782M | $210M | $92M | $105M | 21.2% | -1.9% | 12.4% |
| 2023 | $797M | $192M | $82M | $62M | 20.4% | -4.4% | -19.8% |
| 2022 | $834M | $212M | $103M | $96M | 31.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 833.60 | 797.20 | 781.90 | 767 |
| Operating Revenue | - | 833.60 | 797.20 | 781.90 | 767 |
| Cost Of Revenue | - | 370.20 | 333.30 | 297.90 | 280.40 |
| Gross Profit | - | 463.40 | 463.90 | 484 | 486.60 |
| Operating Expense | - | 310.70 | 344.10 | 340.80 | 335.10 |
| Selling General And Administration | - | 264 | 282.10 | 290.90 | 277.90 |
| Total Expenses | - | 680.90 | 677.40 | 638.70 | 615.50 |
| Operating Income | - | 152.70 | 119.80 | 143.20 | 151.50 |
| Total Operating Income As Reported | - | 145 | 110 | 136.60 | 141.10 |
| EBITDA | - | 212 | 192 | 209.70 | 123.20 |
| Normalized EBITDA | - | 216.20 | 194 | 214.90 | 135.90 |
| EBIT | - | 149.30 | 119.90 | 140.20 | 57.10 |
| Interest Income | - | 0.80 | 2.10 | 2.20 | 1.10 |
| Interest Expense | - | 10 | 17.90 | 15.10 | 14 |
| Net Interest Income | - | -9.20 | -15.80 | -12.90 | -12.90 |
| Other Non Operating Income Expenses | - | - | - | - | -82.80 |
| Other Income Expense | - | -4.20 | -2 | -5.20 | -95.50 |
| Interest Income Non Operating | - | 0.80 | 2.10 | 2.20 | 1.10 |
| Interest Expense Non Operating | - | 10 | 17.90 | 15.10 | 14 |
| Net Non Operating Interest Income Expense | - | -9.20 | -15.80 | -12.90 | -12.90 |
| Pretax Income | - | 139.30 | 102 | 125.10 | 43.10 |
| Tax Provision | - | 36.80 | 19.80 | 32.70 | 10.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.11 | -0.39 | -1.36 | -3.15 |
| Net Income Continuous Operations | - | 102.50 | 82.20 | 92.40 | 32.40 |
| Net Income From Continuing And Discontinued Operation | - | 102.50 | 82.20 | 92.40 | 32.40 |
| Net Income From Continuing Operation Net Minority Interest | - | 102.50 | 82.20 | 92.40 | 32.40 |
| Net Income | - | 102.50 | 82.20 | 92.40 | 32.40 |
| Net Income Common Stockholders | - | 102.50 | 82.20 | 92.40 | 32.40 |
| Net Income Including Noncontrolling Interests | - | 102.50 | 82.20 | 92.40 | 32.40 |
| Normalized Income | - | 105.59 | 83.81 | 96.24 | 41.95 |
| Diluted NI Availto Com Stockholders | - | 102.50 | 82.20 | 92.40 | 32.40 |
| Basic Average Shares | - | 30.80 | 29.30 | 29.20 | 27.50 |
| Diluted Average Shares | - | 32.30 | 30.60 | 30.20 | 28.20 |
| Reconciled Depreciation | - | 62.70 | 72.10 | 69.50 | 66.10 |
| Reconciled Cost Of Revenue | - | 353.80 | 317.90 | 288.60 | 273.60 |
| Total Unusual Items | - | -4.20 | -2 | -5.20 | -12.70 |
| Total Unusual Items Excluding Goodwill | - | -4.20 | -2 | -5.20 | -12.70 |
| Special Income Charges | - | -7.70 | -9.80 | -6.60 | -10.40 |
| Other Special Charges | - | 0.40 | 0.40 | 0.50 | 0.40 |
| Write Off | - | 0.10 | 0.10 | 0.60 | 3.90 |
| Restructuring And Mergern Acquisition | - | 7.20 | 9.30 | 5.50 | 6.10 |
| Gain On Sale Of Security | - | 3.50 | 7.80 | 1.40 | -2.30 |
| Depreciation Amortization Depletion Income Statement | - | 46.30 | 56.70 | 60.20 | 59.30 |
| Depreciation And Amortization In Income Statement | - | 46.30 | 56.70 | 60.20 | 59.30 |
| Other Operating Expenses | - | 0.40 | 5.30 | -10.30 | -2.10 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Donnelley Financial Solutions, Inc.this co. | DFIN | $962M | 29.69β premium | 2.54 | 8.5% | 9.06 |
| Amplitude, Inc. | AMPL | $1.0B | - | 4.19 | -36.1% | - |
| indie Semiconductor, Inc. | INDI | $1.0B | -7.09 | 2.83 | -40.0% | -13.15 |
| Rezolve AI PLC | RZLV | $1.0B | -9.87 | 4.06 | -41.1% | -9.64 |
| NCR Voyix Corporation | VYX |
| 2021 | - | - | - | - | - | - | - |
| $978M |
| 15.78 |
| 1.03 |
| 6.5% |
| 7.97 |
| ScanSource, Inc. | SCSC | $964M | 13.48 | 1.06 | 7.9% | 7.43 |
| Daktronics, Inc. | DAKT | $950M | -93.83 | 3.49 | -3.7% | 50.46 |
| ZoomInfo Technologies Inc. | GTM | $893M | 7.19 | 0.59 | 8.2% | 7.02 |
| Cricut, Inc. | CRCT | $867M | 11.30 | 2.52 | 22.3% | 4.54 |
| Peer Median | - | 7.19 | 2.68 | 1.4% | 7.02 | |