secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001104659-23-051353
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar posts Q1 net loss of $7.6M; operating income down 56.6%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000110465923051353/0001104659-23-051353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000110465923051353/tm2313913d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-051353

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer