secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001289419-25-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar Q1 revenue $581.9M (+7.2%); adj. EPS $2.23 (+28.9%); repurchased $109.6M in shares
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- Reported revenue $581.9M, up 7.2% YoY; organic revenue grew 9.1%.
- Diluted EPS $1.82 (+22.1% YoY); adjusted diluted EPS $2.23 (+28.9% YoY).
- PitchBook revenue +10.9% to $163.7M; Morningstar Credit +21.1% to $73.0M.
- Adjusted operating margin expanded 290 bps to 23.3%; free cash flow $58.8M.
- Completed acquisitions of Lumonic and DealX; net debt increased $105.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000070/0001289419-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000070/morn-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001289419-25-000070

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