secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001289419-25-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar Q2 revenue up 5.8% to $605.1M; adj. EPS $2.40 beats prior year $2.01
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- Revenue $605.1M (+5.8% reported, +5.9% organic); operating income $125.1M (+15.3%).
- Diluted EPS GAAP $2.09 (+30.6% YoY); adjusted diluted EPS $2.40 (+19.4%).
- PitchBook revenue $166.5M (+9.8%); Morningstar Credit $85.0M (+9.5%); Direct Platform $209.2M (+6.2%).
- Free cash flow $62.4M, down 48.3% due to higher income tax payments of $79.5M.
- Repurchased 398,442 shares for $112M; debt increased $35M net to $838.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000142/0001289419-25-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000142/morn-20250730.htm
  HTML page:      https://secwatch.observer/filing/0001289419-25-000142

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