{"schema_version":"secwatch.filing_event.v1","accession":"0001289419-25-000148","form_type":"8-K","ticker":"MORN","cik":"0001289419","company_name":"Morningstar, Inc.","filed_at":"2025-08-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.596038+00:00","generated_at":"2026-05-17T20:29:50.544961+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Morningstar provides revenue mix details for Credit segment and data retention rates in investor Q&A","bullets":["Morningstar Credit revenue: 59% from new issuance fees, 35% recurring transaction-based, 6% data licensing in 2024.","For structured finance, ~30% of transaction-based revenue was recurring; for fundamental ratings, ~50%.","Managed investment data accounted for roughly half of Morningstar Data revenue for TTM ended June 30, 2025.","Retention rates from 2022-2024 were higher in managed investment data and Essentials, lower in exchange market data.","Plans to issue Morningstar Medalist Ratings for interval funds starting Q3 2025; expects to monetize through asset manager offerings."],"urls":{"canonical":"https://secwatch.observer/filing/0001289419-25-000148","json":"https://secwatch.observer/filing/0001289419-25-000148.json","markdown":"https://secwatch.observer/filing/0001289419-25-000148.md","text":"https://secwatch.observer/filing/0001289419-25-000148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289419/000128941925000148/0001289419-25-000148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289419/000128941925000148/morn-20250805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T20:29:50.544961+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"}