{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-112011","form_type":"8-K","ticker":"MORN","cik":"0001289419","company_name":"Morningstar, Inc.","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.020192+00:00","generated_at":"2026-06-22T23:43:12.007351+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Morningstar Q3 revenue up 9.2% but posts net loss of $0.21 per share; operating income down 67.6%","bullets":["Revenue $468.2M (+9.2% reported, +8.5% organic); license-based up 19.4%; asset-based down 1.6%; transaction-based down 20.7%.","GAAP diluted EPS ($0.21) vs $1.13; adjusted diluted EPS $0.77 (-44.2%); operating income $22.0M (-67.6%).","Recorded $30.1M in costs from reducing China operations; expects completion by Q3 2023; severance $26.3M.","PitchBook revenue +38.7%; Sustainalytics +32.3% (organic +45.8%); DBRS Morningstar -20.4% due to weak issuance.","Amended credit facility to $1.3B; ended Q3 with $407.1M cash and $1.2B debt; share repurchases $15.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-112011","json":"https://secwatch.observer/filing/0001104659-22-112011.json","markdown":"https://secwatch.observer/filing/0001104659-22-112011.md","text":"https://secwatch.observer/filing/0001104659-22-112011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289419/000110465922112011/0001104659-22-112011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289419/000110465922112011/tm2229072d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T23:43:12.007351+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4ec19bb4a954a6752f5a084e6ac2fd1f3d7f0cc0","claim":"Morningstar, Inc. reported the third quarter ended September 30, 2022 results: revenue $468.2 million, net income ($0.21) per diluted share, EPS ($0.21) per diluted share.","evidence_excerpt":"product areas. We are being prudent and moderating hiring activity as we navigate the current environment.” Third-Quarter 2022 Financial Highlights · Revenue grew 9.2% to $468.2 million; organic revenue grew 8.5%. · Operating income declined 67.6% to $22.0 million; adjusted operating income declined 8.3%. The Company began to incur costs from a significant","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1289419/000110465922112011/0001104659-22-112011-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$468.2 million"},{"label":"Net income","value":"($0.21) per diluted share"},{"label":"EPS","value":"($0.21) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}