{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-051353","form_type":"8-K","ticker":"MORN","cik":"0001289419","company_name":"Morningstar, Inc.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.283765+00:00","generated_at":"2026-06-16T08:26:49.384145+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Morningstar posts Q1 net loss of $7.6M; operating income down 56.6%","bullets":["Net loss of $7.6M vs net income of $46.1M YoY; diluted EPS loss ($0.18) vs $1.06.","Revenue grew 5% to $479.7M, organic growth 2.8%; adjusted operating income fell 37.2% to $51.8M.","License-based revenue up 16.7%; transaction-based down 34.2%, asset-based down 4.7%.","DBRS Morningstar revenue declined 32.4% on weak credit issuance; PitchBook revenue up 24.8%.","Paid ¥8B to terminate Morningstar Japan license; net $11.8M expense from equity method transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-051353","json":"https://secwatch.observer/filing/0001104659-23-051353.json","markdown":"https://secwatch.observer/filing/0001104659-23-051353.md","text":"https://secwatch.observer/filing/0001104659-23-051353.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289419/000110465923051353/0001104659-23-051353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289419/000110465923051353/tm2313913d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T08:26:49.384145+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":"2dd29c0a369b1c8b6b0cbab1ae5a7e9921c75433","claim":"Morningstar, Inc. reported the first quarter of 2023 results: revenue $479.7 million, net income $7.6 million, EPS ($0.18) per diluted share.","evidence_excerpt":"we believe they provide our clients with even more compelling reasons to extend their use of our capabilities.” First-Quarter 2023 Financial Highlights ● Revenue grew 5.0% to $479.7 million; organic revenue grew 2.8%. ● Operating income declined 56.6% to $24.5 million; adjusted operating income declined 37.2%. ● Diluted net income (loss) per share was ($0.18)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1289419/000110465923051353/0001104659-23-051353-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Revenue","value":"$479.7 million"},{"label":"Net income","value":"$7.6 million"},{"label":"EPS","value":"($0.18) 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"}