Donnelley Financial Solutions Inc
NYSE:DFIN
Donnelley Financial Solutions Inc
Donnelley Financial Solutions Inc., often known as DFINS, traces its roots back to the storied legacy of R.R. Donnelley, with which it shares a historical lineage. Emerging as a prominent player in the regulatory compliance industry, DFINS carved an identity distinct from its storied predecessor, prioritizing innovation and technology to streamline complex financial disclosures for its clients. At the heart of its operations lies an intricate understanding of the regulatory landscape, a necessity for businesses navigating the labyrinthine paths of SEC filings, mergers, acquisitions, and initial public offerings. DFINS distinguishes itself by providing cutting-edge software solutions like ActiveDisclosure and eBrevia, enabling businesses to transform cumbersome documentation tasks into efficient, transparent, and precise processes.
The company's revenue model hinges on a blend of tech-driven services and expert consultancy. Profits flow from the deployment of its SaaS (Software-as-a-Service) platforms, which pin down recurring revenue streams through subscription models. As businesses across the globe grapple with evolving regulatory requirements, DFINS stands ready to assist with customized solutions, bolstered by its advisory services that add a layer of expert human insight to its tech offerings. By continuously updating its software capabilities, DFINS ensures its growth is tied closely to that of its clients', forging a cyclical relationship where improved client performance increasingly relies on DFINS's innovative technological backbone.
Donnelley Financial Solutions Inc., often known as DFINS, traces its roots back to the storied legacy of R.R. Donnelley, with which it shares a historical lineage. Emerging as a prominent player in the regulatory compliance industry, DFINS carved an identity distinct from its storied predecessor, prioritizing innovation and technology to streamline complex financial disclosures for its clients. At the heart of its operations lies an intricate understanding of the regulatory landscape, a necessity for businesses navigating the labyrinthine paths of SEC filings, mergers, acquisitions, and initial public offerings. DFINS distinguishes itself by providing cutting-edge software solutions like ActiveDisclosure and eBrevia, enabling businesses to transform cumbersome documentation tasks into efficient, transparent, and precise processes.
The company's revenue model hinges on a blend of tech-driven services and expert consultancy. Profits flow from the deployment of its SaaS (Software-as-a-Service) platforms, which pin down recurring revenue streams through subscription models. As businesses across the globe grapple with evolving regulatory requirements, DFINS stands ready to assist with customized solutions, bolstered by its advisory services that add a layer of expert human insight to its tech offerings. By continuously updating its software capabilities, DFINS ensures its growth is tied closely to that of its clients', forging a cyclical relationship where improved client performance increasingly relies on DFINS's innovative technological backbone.
Strong Q4 Performance: Donnelley Financial Solutions delivered double-digit net sales and adjusted EBITDA growth in Q4, with net sales up 10.4% year-over-year and software solutions leading the results.
Margin Expansion: Q4 adjusted EBITDA margin reached 26.6%, up by 630 basis points from last year, and the full year margin hit a record 31.3%.
Software Momentum: Recurring software products ActiveDisclosure and Arc Suite grew 17% and 11% respectively in 2025, while Venue net sales rose 3% for the year and 20% in Q4.
Capital Returns: The company accelerated buybacks, repurchasing about 3.6 million shares in 2025 (12% of shares outstanding) at an average price of $48.36.
Strong Cash Flow: Full year free cash flow reached $107.8 million, up $2.6 million from 2024.
2026 Outlook: Management expects continued growth in recurring SaaS revenue, further decline in print and distribution, and Q1 net sales in the range of $200–210 million with EBITDA margin of 33–35%.
