{"schema_version":"secwatch.filing_event.v1","accession":"0001289419-24-000102","form_type":"8-K","ticker":"MORN","cik":"0001289419","company_name":"Morningstar, Inc.","filed_at":"2024-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.984934+00:00","generated_at":"2026-05-30T23:04:00.772949+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Morningstar Q&A details PitchBook revenue $583M, margin 28.8%, cash flow surge","bullets":["PitchBook segment revenue $583.3M for TTM June 2024; adj. operating margin improved to 28.8% from 18.4% in 2021.","Q2 2024 operating cash flow $152.7M, up 74.3% YoY (adjusted); expects stronger 2024 cash generation.","PitchBook licensed users 119,571 as of Q2 2024, up 16.6% YoY; growth driven by enterprise and LCD migrations.","Termination of PitchBook management bonus plan after founder's departure contributed ~half of Q2 margin expansion.","No material revenue headwind from UBS/Credit Suisse merger; corporate client segment remains soft."],"urls":{"canonical":"https://secwatch.observer/filing/0001289419-24-000102","json":"https://secwatch.observer/filing/0001289419-24-000102.json","markdown":"https://secwatch.observer/filing/0001289419-24-000102.md","text":"https://secwatch.observer/filing/0001289419-24-000102.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289419/000128941924000102/0001289419-24-000102-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289419/000128941924000102/morn-20241001.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T23:04:00.772949+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}