Donnelley Financial Solutions, Inc. (DFIN) reported a decrease in net sales for the fiscal year ending December 31, 2025, totaling $767.0 million, down 1.9% from $781.9 million in 2024. The decline was primarily attributed to a $22.5 million drop in tech-enabled services and a $21.1 million decrease in print and distribution sales, which were offset by an increase of $28.7 million in software solutions sales. Notably, software solutions revenue rose to $358.4 million, reflecting an 8.7% increase, driven by higher sales from ActiveDisclosure and the Arc Suite software platform.
The company's income from operations increased by 3.3% to $141.1 million, up from $136.6 million in the previous year. This growth was supported by a reduction in cost of sales by $17.5 million and a decrease in selling, general, and administrative (SG&A) expenses by $13.0 million. However, the company also recognized an $82.8 million non-cash pension plan settlement charge, which significantly impacted net earnings, resulting in a 64.9% decline to $32.4 million compared to $92.4 million in 2024.
In terms of strategic developments, DFIN has focused on enhancing its software solutions, particularly with the launch of a new version of its Venue platform, which aims to streamline the due diligence process for mergers and acquisitions. The company has also made targeted investments in its software offerings to adapt to evolving market demands, particularly in response to the increasing use of artificial intelligence in regulatory compliance.
Operationally, DFIN reported a workforce of approximately 1,750 employees as of December 31, 2025, with a voluntary turnover rate of 5.4%. The company continues to emphasize employee well-being and development through various programs, including flexible paid time off and comprehensive health benefits. Looking ahead, DFIN anticipates capital expenditures of approximately $55 million to $60 million in 2026, primarily focused on software development, while maintaining a cautious outlook due to potential market volatility and economic conditions that could impact client demand for its services.
About Donnelley Financial Solutions, Inc.
Donnelley Financial Solutions (DFIN) provides software and technology-enabled solutions for financial regulatory compliance, deal management, and investor communications. Its offerings include digital filing tools, virtual data rooms, and content management platforms serving capital markets and investment companies globally. DFIN's competitive edge lies in its integrated, secure, and industry-specific solutions, supporting clients' regulatory needs and transaction processes in a highly regulated, evolving financial environment.
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