Donnelley Financial Solutions, Inc. (DFIN): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage complexe des rapports financiers et de la conformité, Donnelley Financial Solutions (DFIN) apparaît comme une puissance transformatrice, pontant de manière transparente la technologie et l'expertise réglementaire. En tirant parti des plateformes numériques avancées et des offres de services complètes, DFIN fournit des solutions innovantes qui permettent aux entreprises de naviguer dans le monde complexe des communications financières avec une efficacité et une précision sans précédent. Leur toile de modèle commercial unique révèle une approche stratégique qui va au-delà de la gestion des documents traditionnels, offrant des technologies intégrées qui révolutionnent la façon dont les entreprises gèrent, communiquent et respectent les exigences réglementaires en évolution.

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: Partenariats clés

Alliances stratégiques avec des institutions financières et des organismes de réglementation

DFIN maintient des partenariats stratégiques avec plusieurs organisations de réglementation financière:

Type de partenaire	Nombre de partenariats	Domaine de mise au point
Partenaires enregistrés de la SEC	87	Conformité réglementaire
Régulateurs financiers mondiaux	42	Normes de rapport international
Réseaux de conformité bancaire	23	Services de divulgation financière

Partenaires technologiques pour les logiciels et les solutions cloud

DFIN collabore avec les principaux fournisseurs de technologies:

• Services cloud Microsoft Azure
• Amazon Web Services (AWS)
• Oracle Cloud Infrastructure
• Partenaires d'intégration Salesforce

Réseaux de distribution de contenu imprimé et numérique

Partenaire de distribution	Volume de distribution annuel	Type de service
RR Donnelley Network	3,2 millions de documents	Livraison imprimée / numérique intégrée
Plates-formes numériques mondiales	2,7 millions de dépôts électroniques	Soumissions réglementaires en ligne

Sociétés de conseil pour les services de conformité et de rapport

Les principaux partenariats de conseil comprennent:

• Équipe de conformité réglementaire de Deloitte
• KPMG Financial Reporting Solutions
• Groupe de technologies réglementaires PWC

Fournisseurs de logiciels d'entreprise mondiale

Fournisseur de logiciels	Niveau d'intégration	Valeur de collaboration annuelle
SÈVE	Haut	12,4 millions de dollars
Ibm	Moyen	8,7 millions de dollars
Jour de travail	Stratégique	5,3 millions de dollars

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: Activités clés

Préparation des documents d'information financière et de conformité

DFIN a traité environ 50 000 soumissions de documents réglementaires en 2023. La société maintient un Taux de précision de 99,7% dans la préparation des documents dans plusieurs juridictions.

Type de document	Volume annuel	Précision de la conformité
Rapports de 10 k	12,500	99.8%
Rapports 10-Q	37,500	99.6%

Gestion du dépôt SEC et réglementaire

DFIN gère le dépôt de processus pour plus de 3 500 sociétés publiques dans le monde. La société soutient les soumissions réglementaires sur 15 marchés internationaux.

• Du délai de dépôt moyen: 4,2 heures
• Systèmes de suivi de la conformité: surveillance en temps réel
• Couverture de la base de données réglementaire: 98% des marchés financiers mondiaux

Solutions de divulgation numérique et de communication des investisseurs

La plate-forme numérique gère environ 75 000 communications d'investisseurs par an avec Taux d'engagement numérique de 98,5%.

Canal de communication	Interactions annuelles	Pénétration numérique
Sites Web des investisseurs	42,000	97%
Plates-formes d'investisseurs mobiles	33,000	99%

Gestion de contenu de l'entreprise et automatisation du flux de travail

DFIN prend en charge l'automatisation du flux de travail pour 2 300 clients d'entreprise avec Amélioration de l'efficacité de 92%.

• Optimisation moyenne du flux de travail: 4,5 heures par document
• Couverture automatisée du processus: 85% du cycle de vie des documents
• Gestion de contenu basée sur le cloud: 99,99% de disponibilité

Développement de la technologie des risques et de la conformité

Investissement technologique de 47,3 millions de dollars en 2023 dédié au développement de solutions de conformité.

Zone d'investissement technologique	Budget annuel	Focus de développement
Conformité ai	18,5 M $	Algorithmes d'apprentissage automatique
Technologie de réglementation	28,8 millions de dollars	Plateformes de gestion des risques

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: Ressources clés

Plates-formes logicielles avancées et infrastructure technologique

L'infrastructure technologique de DFIN comprend:

Atout technologique	Spécification
Plates-formes basées sur le cloud	Solutions SaaS au niveau de l'entreprise
Capacité de traitement des données	Gère plus de 70 000 documents financiers chaque année
Investissement technologique	Dépenses de 42,3 millions de dollars en R&D en 2022

Expertise spécialisée sur les rapports financiers

Les composants principaux de l'expertise comprennent:

• Spécialistes de reporting de la SEC: 125 professionnels dévoués
• Experts en conformité: 85 professionnels de la réglementation
• Consultants en technologie financière: 62 Personnel spécialisé

Connaissances complètes de la conformité réglementaire

Capacités de conformité réglementaire:

Zone de conformité	Couverture
Cadres réglementaires mondiaux	18 juridictions financières internationales
Systèmes de gestion de la conformité	Surveillance en temps réel dans 12 secteurs financiers

Capacités mondiales de gestion et de traitement des données

Infrastructure de gestion des données:

• Centres de données mondiales: 4 emplacements stratégiques
• Volume annuel de traitement des données: 2,3 pétaoctets
• Conformité de la sécurité des données: SOC 2 Type II Certifié

Travaux de travail qualifiés avec des origines financières et technologiques

Métrique de la main-d'œuvre	Valeur
Total des employés	1 800 à partir de 2022
Titulaires de diplômes avancés	42% de la main-d'œuvre
Expérience professionnelle moyenne	12,5 ans

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: propositions de valeur

Solutions de conformité réglementaire rationalisées

DFIN a généré 1,02 milliard de dollars de revenus totaux pour l'exercice 2022, avec des solutions de conformité réglementaires représentant une partie importante de leurs offres de services.

Service de conformité	Pénétration du marché	Contribution annuelle des revenus
Solutions de classement SEC	87% des entreprises du Fortune 500	412 millions de dollars
Rapports mondiaux de conformité	65 pays ont servi	276 millions de dollars

Services d'information financière de bout en bout et de divulgation

DFIN traite environ 75 000 soumissions de documents financiers par an.

• Temps de traitement des documents moyen: 4,2 heures
• Taux de précision: 99,7%
• Taux de rétention de la clientèle: 92%

Technologies de transformation numérique avancées

Investissement dans les technologies numériques: 47,3 millions de dollars en R&D pour 2022.

Plate-forme technologique	Base d'utilisateurs	Croissance annuelle
Plate-forme de dispositive active	3 200 clients d'entreprise	18.5%
Technologie de classement Edgar	2 900 utilisateurs actifs	15.3%

Outils d'atténuation des risques et de gestion réglementaire

DFIN gère le risque réglementaire pour les clients dans plusieurs secteurs.

• Le logiciel de gestion des risques couvre 42 cadres réglementaires
• Sert les institutions financières dans 18 pays
• Précision de surveillance de la conformité: 99,6%

Plateformes logicielles intégrées pour les communications financières

Revenus de plate-forme logicielle totale: 328 millions de dollars en 2022.

Plate-forme logicielle	Segment client	Revenus annuels
Plate-forme de lieu	Communications d'entreprise	156 millions de dollars
Circonscription active	Information financière	172 millions de dollars

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: relations avec les clients

Équipes de gestion des comptes dédiés

DFIN maintient des équipes de gestion des comptes spécialisés desservant divers segments de marché:

Segment de marché	Taille d'équipe dédiée	Taux de rétention de la clientèle moyen
Services financiers	37 gestionnaires spécialisés	92.4%
Représentation des entreprises	24 professionnels dévoués	88.7%
Conformité légale	19 gestionnaires d'experts	94.2%

Support technique et consultation en cours

Métriques de support technique pour 2024:

• Couverture de support global 24/7
• Temps de réponse moyen: 17 minutes
• Taux de résolution: 96,3%
• Canaux de support: téléphone, e-mail, chat en direct, système de billetterie

Conception de solution personnalisée

Type de solution	Taux de personnalisation	Temps de mise en œuvre moyen
Solutions de conformité réglementaire	78.5%	42 jours
Plateformes d'information financière	65.3%	36 jours

Mises à jour logicielles régulières et formation

Statistiques de formation et de mise à jour:

• Fréquence de mise à jour logicielle: trimestriel
• Sessions de formation annuelles par client: 4-6
• Modules de formation en ligne: 37 cours différents
• Taux de participation à la formation moyenne: 82,6%

Approche de partenariat collaboratif

Métrique de partenariat	Valeur 2024
Partenariats des clients stratégiques	128 clients de niveau d'entreprise
Initiatives de co-développement	17 projets collaboratifs actifs
Score de satisfaction du client	4.7/5.0

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: canaux

Équipe de vente directe

En 2024, DFIN maintient une équipe de vente directe dédiée ciblant les professionnels financiers et juridiques. L'équipe commerciale se concentre sur les clients de niveau d'entreprise dans les solutions de rapport réglementaire et de conformité.

Métrique du canal de vente	2024 données
Représentants des ventes totales	87 professionnels
Coût d'acquisition moyen des clients de l'entreprise	24 500 $ par client
Génération de revenus de l'équipe de vente annuelle	42,3 millions de dollars

Plateformes logicielles en ligne

DFIN fournit des solutions logicielles basées sur le cloud via plusieurs plates-formes numériques.

• Plateforme Web: Edgar Pro
• Système de gestion de la conformité au cloud
• Interface de traitement des documents en temps réel

Métrique de la plate-forme en ligne	2024 statistiques
Utilisateurs totaux en ligne actifs	6 742 abonnés d'entreprise
Revenus de plate-forme numérique annuelle	37,6 millions de dollars
Pourcentage de disponibilité de la plate-forme	99.97%

Marketing numérique et webinaires

DFIN exploite les stratégies de marketing numérique pour engager des clients potentiels.

Métrique du marketing numérique	2024 données
Présence mensuelle sur le webinaire	1 245 participants enregistrés
Dépenses de marketing numérique	2,1 millions de dollars par an
Places générés par le marketing	438 pistes qualifiées par trimestre

Conférences et salons commerciaux de l'industrie

DFIN participe activement à des événements technologiques financières et réglementaires.

Participation de la conférence	2024 métrique
Apparitions annuelles de la conférence	12 événements majeurs de l'industrie
Génération de leads du salon	276 contacts potentiels des clients
Budget marketing de la conférence	1,7 million de dollars

Réseaux de référence partenaires

DFIN maintient des partenariats stratégiques avec la technologie et les cabinets de conseil.

Métrique du réseau partenaire	2024 données
Organisations partenaires totales	47 partenaires stratégiques
Revenus de référence	8,9 millions de dollars par an
Taux de commission des partenaires	12-15% par référence réussie

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: segments de clientèle

Sociétés publiques

Au quatrième trimestre 2023, DFIN dessert environ 75% des sociétés du Fortune 500 pour des solutions d'information financière et de conformité.

Segment de clientèle	Pénétration du marché	Contribution annuelle des revenus
Grandes sociétés publiques	75% du Fortune 500	312,4 millions de dollars

Sociétés d'investissement

DFIN fournit des solutions d'information financière à plus de 1 200 sociétés de gestion des investissements dans le monde.

• Le segment comprend des fonds spéculatifs, des sociétés de capital-investissement et des sociétés de gestion d'actifs
• Valeur du contrat moyen: 145 000 $ par client

Institutions financières

DFIN dessert 62% des institutions financières mondiales de haut niveau avec des plateformes de conformité réglementaires.

Type d'institution	Nombre de clients	Couverture de service
Banques	287	Solutions de rapports réglementaires
Compagnies d'assurance	143	Gestion de la conformité

Services de conformité réglementaire

DFIN prend en charge plus de 5 000 services de conformité d'entreprise dans plusieurs secteurs.

• Les principales verticales comprennent:
• Services financiers
• Soins de santé
• Technologie
• Fabrication

Entreprises de grande à grande taille

DFIN cible les sociétés ayant des revenus annuels entre 50 et 5 milliards de dollars.

Taille de l'entreprise	Marché total adressable	Part de marché DFIN
Entreprises de marché intermédiaire	3 742 entreprises	42% de pénétration du marché
Grandes entreprises	1 156 entreprises	68% de pénétration du marché

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: Structure des coûts

Investissements de recherche et développement

Pour l'exercice 2022, DFIN a déclaré des dépenses de R&D de 43,4 millions de dollars, ce qui représente 7,2% des revenus totaux.

Maintenance des infrastructures technologiques

Catégorie de coûts	Dépenses annuelles
Infrastructure cloud	12,7 millions de dollars
Maintenance matérielle	5,3 millions de dollars
Sécurité du réseau	3,9 millions de dollars

Dépenses de vente et de marketing

En 2022, DFIN a passé 87,6 millions de dollars sur les ventes et le marketing, qui représentaient 14,5% du total des revenus de l'entreprise.

Compensation et formation des employés

• Compensation totale des employés pour 2022: 221,5 millions de dollars
• Investissement moyen de formation par employé: 1 750 $
• Budget total de formation annuelle: 4,3 millions de dollars

Coûts de licence de cloud et de logiciels

Catégorie de logiciels	Dépenses annuelles sur les licences
Logiciel d'entreprise	9,2 millions de dollars
Services cloud	6,7 millions de dollars
Plateformes financières spécialisées	4,5 millions de dollars

Donnelley Financial Solutions, Inc. (DFIN) - Modèle d'entreprise: Strots de revenus

Modèles d'abonnement logiciel en tant que service (SaaS)

En 2023, les revenus SaaS de DFIN ont totalisé 298,4 millions de dollars, ce qui représente 42,7% du total des revenus de l'entreprise. Les plates-formes SaaS clés comprennent:

Plate-forme SaaS	Revenus d'abonnement annuel
Circonscription active	87,6 millions de dollars
Activeprospectus	65,2 millions de dollars
Lieu	45,9 millions de dollars

Services professionnels et frais de conseil

Les services professionnels ont généré 124,7 millions de dollars en 2023, avec la ventilation suivante:

• Conseil de conformité réglementaire: 52,3 millions de dollars
• Conseil des rapports financiers: 38,5 millions de dollars
• Services de mise en œuvre de la technologie: 33,9 millions de dollars

Services de préparation et de dépôt de documents

Les revenus des services de documents en 2023 ont atteint 156,2 millions de dollars, segmenté comme:

Catégorie de service	Revenus annuels
Préparation de classement de la SEC	89,6 millions de dollars
Défilés de communication d'entreprise	42,3 millions de dollars
Services de documents spécialisés	24,3 millions de dollars

Mise en œuvre et intégration de la technologie

Les services de mise en œuvre de la technologie ont généré 76,5 millions de dollars en 2023, notamment:

• Intégration des logiciels d'entreprise: 42,1 millions de dollars
• Configuration de workflow personnalisée: 21,4 millions de dollars
• Services de migration des données: 13,0 millions de dollars

Contrats de soutien et de maintenance en cours

Les contrats de maintenance et de soutien ont totalisé 95,3 millions de dollars en 2023:

Type de contrat	Revenus annuels
Maintenance annuelle du logiciel	62,7 millions de dollars
Mises à jour de la conformité réglementaire	22,6 millions de dollars
Services de support prolongés	10,0 millions de dollars

Donnelley Financial Solutions, Inc. (DFIN) - Canvas Business Model: Value Propositions

You're looking at the core value Donnelley Financial Solutions, Inc. (DFIN) delivers to its clients right now, late in 2025. The shift to software is the big story here; it's no longer just a side project. The numbers show it clearly: software is now the majority of the business.

Software solutions now account for 51.7% of Q3 2025 net sales. That's a significant milestone in the transformation. For the third quarter of 2025, software solutions generated $90.7 million in net sales, which was a 10.3% increase year-over-year from Q3 2024. Total net sales for the quarter were $175.3 million. This move to a software-centric model is what drives margin expansion, with Adjusted EBITDA margin reaching 28.2% in Q3 2025.

Here's a quick look at the sales mix shift:

Metric	Q3 2025 Value	Q3 2024 Value
Software Solutions Net Sales Percentage of Total	51.7%	45.8%
Software Solutions Net Sales Amount	$90.7 million	N/A
Total Net Sales Amount	$175.3 million	N/A
Recurring Compliance Software Growth (Aggregate)	~16%	N/A

Confidence in complex regulatory compliance (SEC, ESG, Global) is a foundational pillar. You need to know that when the SEC deadline hits or an ESG report is due, the compliance work is handled correctly across borders. DFIN supports this with tools like ArcFiling for SEC filings and solutions explicitly covering ESG reporting. They maintain a global footprint, with operations spanning 30 locations in 12 countries, which helps them address global regulatory needs.

The value proposition for deal acceleration centers on the rebuilt Venue Virtual Data Room (VDR), which launched in September 2025 with a modern architecture. Venue grew approximately 3% in Q3 2025, showing early traction for the refreshed platform. This VDR is engineered for high-stakes transactions like M&A and IPOs, offering features that speed up due diligence and secure document sharing:

• SOC2 Type II auditing and reporting.
• ISO/IEC 27001:2013 certification.
• 256-bit encryption and automatic watermarking.
• AI contract analytics powered by eBrevia integration.
• Granular user permissions and role-based access control.

For data management, the focus is on providing a single source of truth, especially for reporting that often starts in spreadsheets. The growth in recurring compliance software, with ActiveDisclosure and Arc Suite growing about 16% combined, speaks directly to this. These software solutions help centralize data, moving away from disparate, manual processes. You get reporting applications that pull data together, which is what we mean by single-source, Excel-based data management for reporting-it's about structured data output from integrated platforms.

Finally, the combination of technology and people is key. You get high-touch service combined with software automation. This means when the software hits a snag, or a complex, non-standard filing is required, there's expert support available. The software automation, evidenced by the 51.7% software sales mix, handles the routine, high-volume work, while the service layer manages the complexity and ensures successful adoption. That balance is defintely what keeps clients engaged.

Donnelley Financial Solutions, Inc. (DFIN) - Canvas Business Model: Customer Relationships

You're looking at how Donnelley Financial Solutions, Inc. (DFIN) maintains and deepens its connection with clients, which is increasingly shifting from traditional service delivery to software-enabled workflows. The relationship strategy centers on specialized support for complex needs and empowering clients with self-service tools, all underpinned by rigorous security.

Dedicated account management for complex compliance

For the most intricate regulatory requirements, Donnelley Financial Solutions, Inc. (DFIN) relies on high-touch service, which is critical as software solutions now account for a significant portion of revenue. Software solutions net sales reached $90.7 million in the third quarter of 2025, representing 51.7% of total net sales for that period. This shift means account managers must bridge the gap between deep domain expertise and the software platforms like ActiveDisclosure and Arc Suite. The recurring compliance software products, which are central to these relationships, grew approximately 16% year-over-year in Q3 2025. This indicates that the dedicated support structure is successfully driving adoption and retention in the high-value recurring segment.

The focus on software is clear, with management targeting 60% of revenue from software by 2028. The relationship model supports this by ensuring clients maximize the value of these recurring products. Donnelley Financial Solutions, Inc. (DFIN) serves over 9+ Fortune 500 clients, each likely requiring tailored service levels.

Self-service and on-demand data room launching (Venue)

The relationship with transactional clients is being transformed by the self-service capabilities of the rebuilt Venue virtual data room (VDR). The new Venue is explicitly designed to enable users to self-launch new data rooms and manage multiple rooms on demand, which reduces reliance on IT resources and accelerates project timelines. This self-service model changes the nature of the client interaction from reactive setup to proactive management. While transactional revenue can be lumpy, with Venue sales declining moderately in the first quarter of 2025, the platform showed resilience, recording sales growth of approximately 3% in the third quarter of 2025. This sequential improvement suggests the self-service model is gaining traction post-rebuild.

Here's a quick look at the software segment performance that relies on these platforms:

Metric	Q1 2025 Value	Q2 2025 Value	Q3 2025 Value
Software Solutions Net Sales (Millions USD)	$84.6	$92.2	$90.7
Software Solutions % of Total Net Sales	42.1%	42.3%	51.7%
Venue Sales Trend (vs. prior period)	Declined moderately	Nearly flat (strong sequential improvement)	3% growth

DFIN University and Knowledge Hub for client education

Client education is managed through resources like DFIN University and the Knowledge Hub, which help clients navigate evolving regulations and product features. While specific enrollment or usage statistics aren't public, the company's focus on regulatory change, such as the demand for tailored shareholder reports, necessitates strong educational support to ensure clients adopt and correctly use the compliance software. The launch of Active Intelligence™, its AI Suite, in November 2025 further underscores the need for continuous client learning to maximize the utility of new technology.

High-security standards (SOC 2, ISO 27001) build trust

Trust is a foundational element of the customer relationship, especially when handling sensitive financial data. Donnelley Financial Solutions, Inc. (DFIN) maintains a rigorous security posture that is communicated directly to clients as a key differentiator.

The security framework includes:

• Annual SOC 2 Type II audits for core products including ActiveDisclosure, Global Investment Companies (GIC), Global Capital Markets (GCM), and Venue + HiTrust.
• ISO 27001 certification for the Enterprise, which was obtained in 2022.
• ISO 9001 Certification for domestic print and composition manufacturing facilities.
• Use of AES 256-bit encryption to protect data both at rest and in transit.
• Mandatory Multi-Factor Authentication (MFA) and Single Sign-On (SSO) options for products like Venue.
• Annual third-party penetration testing with independent validation of remediation efforts.

The commitment to these standards is essential for retaining clients in the high-stakes environment of capital markets and regulatory compliance. Finance: draft 13-week cash view by Friday.

Donnelley Financial Solutions, Inc. (DFIN) - Canvas Business Model: Channels

You're looking at how Donnelley Financial Solutions, Inc. (DFIN) gets its services and software to clients, which is clearly shifting toward recurring revenue streams.

Direct enterprise sales team globally

Donnelley Financial Solutions, Inc. (DFIN) deploys a direct sales force across major global financial centers to push its enterprise solutions.

The geographic reach supported by this channel includes, but isn't limited to, the following regions and countries as of late 2025:

• America: United States, Canada, Mexico, Brazil, Chile.
• Europe: European Union, Germany, United Kingdom, France, Spain, Netherlands, Sweden, Italy, Switzerland, Poland, Finland.
• Asia: China, Japan, South Korea, Hong Kong, Singapore, Indonesia, India, Malaysia, Taiwan, Thailand, Vietnam.
• Others: Australia, New Zealand, Israel, Saudi Arabia, Turkey, Russia, South Africa.

Cloud-based SaaS platforms (ActiveDisclosure, Arc Suite)

The primary channel for growth is the direct sale and ongoing subscription to cloud-based Software as a Service (SaaS) platforms, specifically ActiveDisclosure and Arc Suite. This focus is driving the shift in the overall revenue mix.

Here's how the software solutions net sales percentage has trended, showing the channel's increasing importance:

Period End Date	Software Solutions Net Sales (Millions USD)	Total Net Sales (Millions USD)	Software Solutions % of Total Net Sales
March 31, 2025 (Q1)	$84.6 million	$201.1 million	42.1%
June 30, 2025 (Q2)	$92.2 million	$218.1 million	42.3%
September 30, 2025 (Q3)	$90.7 million	$175.3 million	51.7%

The recurring compliance software products, ActiveDisclosure and Arc Suite, showed strong aggregate growth. In Q2 2025, these products grew approximately 15% in aggregate. By Q3 2025, the aggregate growth for ActiveDisclosure and Arc Suite was approximately 16%.

Drilling down on Q3 2025 performance for these key SaaS offerings:

• ActiveDisclosure sales increased approximately 26%.
• ArcSuite sales increased approximately 10%.

The company has a stated long-term target of deriving 60% of total net sales from software solutions by 2028.

Partner ecosystem for technology integration and consulting

Donnelley Financial Solutions, Inc. (DFIN) supports its core platforms through a partner ecosystem, which facilitates technology integration and consulting services around their offerings.

This ecosystem supports the deployment and adoption of newer or specialized software modules and services, such as:

• ArcFlex, a new module within ArcSuite launched in 2025.
• Venue, the virtual data room product, recorded sales growth of approximately 3% in Q3 2025 following a rebuild.

Digital marketing and content (Knowledge Hub)

Digital channels are used to drive awareness and support for Donnelley Financial Solutions, Inc. (DFIN)'s solutions, including the Knowledge Hub.

The company directs inquiries through its website, DFINsolutions.com, which lists various solution categories:

• Products include ActiveDisclosure, Arc Suite®, ArcFlex, and Venue®.
• Solutions cover SPAC / De-SPAC, IPO, M&A, and Proxy for Investment Companies.

For instance, in Q1 2025, ActiveDisclosure (AD) subscription revenue plus its service revenue was up 36% in the quarter, showing success in driving adoption through digital touchpoints and related service packages. Finance: draft 13-week cash view by Friday.

Donnelley Financial Solutions, Inc. (DFIN) - Canvas Business Model: Customer Segments

You're looking at the core client base for Donnelley Financial Solutions, Inc. (DFIN) as of late 2025. The company organizes its reporting around four segments that directly reflect these customer groups, showing a clear pivot toward software-centric services.

Public Corporations (SEC filers, financial reporting) and Investment Companies (Fund and Asset Managers) are served through the Investment Companies Software Solutions (IC-SS) and Investment Companies Compliance and Communications Management (IC-CCM) segments, alongside the Capital Markets segments for public filings.

• Software solutions net sales accounted for 42.3% of total net sales in the second quarter of 2025.
• This software revenue share is up from 35.3% in the second quarter of 2024.
• The long-term goal is to reach 60% of revenue from software by 2028.
• Recurring compliance software, like ActiveDisclosure and Arc Suite, grew 15% year-over-year in Q2 2025.

Investment Banks and Private Equity firms (M&A, IPO) are the primary drivers for the transactional side of the Capital Markets segments (CM-SS and CM-CCM). Demand here is tied directly to market activity like IPOs, M&A, and debt offerings.

The general outlook among financial decision-makers at public and private companies for 2025 showed that 76% of respondents were preparing for heightened M&A efforts.

Law Firms and Advisory Services utilize the compliance and transactional platforms, though their direct revenue contribution isn't broken out separately from the main segments. The overall financial results for Q2 2025 show the mix of business impacting these groups.

Here's a quick look at the revenue composition from the second quarter of 2025, which shows where the focus is landing:

Metric	Value (Q2 2025)
Total Net Sales	$218.1 million
Software Solutions Net Sales	$92.2 million
Software Solutions % of Total Sales	42.3%
Print Revenue Decline (YoY)	26%

The transactional offerings, which heavily involve Investment Banks and PE firms, saw lower volumes, evidenced by the 10.1% decrease in total net sales to $218.1 million in Q2 2025, primarily due to lower compliance volumes and reduced capital markets transactional revenue.

Donnelley Financial Solutions, Inc. (DFIN) - Canvas Business Model: Cost Structure

You're looking at the core expenses Donnelley Financial Solutions, Inc. (DFIN) manages to deliver its regulatory and compliance solutions. The cost structure is heavily influenced by technology investment and managing a specialized workforce, alongside the impact of one-time financial events.

Non-cash charge of $82.8 million for pension plan termination in Q3 2025

A significant, non-recurring cost hit the books in the third quarter of 2025 related to the finalization of the primary defined benefit pension plan termination. Donnelley Financial Solutions, Inc. recognized a pre-tax non-cash settlement charge of approximately $82.8 million in its Q3 2025 results. This charge reflected previously unrealized accumulated plan losses. To complete this settlement, which began in 2024, the company made a cash contribution of $12.5 million during the third quarter to fully fund the plan. The good news, financially speaking, is that this transaction removed a net liability of about $10 million from the balance sheet, which was the difference between roughly $200 million in plan obligations and $190 million in plan assets.

Restructuring and cost control initiatives

To counter revenue fluctuations, Donnelley Financial Solutions, Inc. continues to aggressively manage its cost base. The focus on cost discipline is evident in the margin performance. For the third quarter of 2025, the Adjusted EBITDA margin reached 28.2%, an increase of approximately 410 basis points compared to the third quarter of 2024. A key component of this efficiency is managing Selling, General, and Administrative (SG&A) expenses. Adjusted SG&A fell to 34.5% of sales in Q3 2025, marking a year-over-year decrease of 320 basis points. This reflects permanent reductions to the cost structure and operating efficiencies.

Software development and R&D expenses

While Donnelley Financial Solutions, Inc. does not break out specific R&D dollar amounts in the latest reports, the scale of its software focus indicates a substantial, ongoing investment in technology. Software solutions net sales were $90.7 million in Q3 2025, representing 51.7% of total net sales, up from 45.8% in Q3 2024. This shift to a software-centric strategy requires continuous spending on development and talent to maintain the product suite, including ActiveDisclosure and Arc Suite.

Employee compensation for domain experts and tech talent

Domain expertise is a core part of the value proposition, and capable people are definitely expensive. Although specific compensation figures aren't itemized in the Q3 2025 results, the high percentage of revenue derived from software solutions suggests significant costs are tied up in compensating the tech talent required to build and support those platforms.

Operating costs for data centers and cloud services

The operational costs associated with supporting the software platforms, including data centers and cloud services, are embedded within the general operating expenses, which are being managed for efficiency. Specific line-item data for these infrastructure costs isn't explicitly detailed in the recent public releases, but the drive for margin expansion suggests these variable and fixed technology costs are under scrutiny.

Here's a quick look at the key cost-related financial data points we have for Q3 2025:

Cost Component/Metric	Financial Number/Percentage	Period/Context
Pre-tax Non-Cash Pension Settlement Charge	$82.8 million	Q3 2025
Cash Contribution for Pension Funding	$12.5 million	Q3 2025
Net Pension Liability Removed from Balance Sheet	Approximately $10 million	Q3 2025 Settlement
Adjusted SG&A as Percentage of Sales	34.5%	Q3 2025
Year-over-Year Decrease in Adjusted SG&A Rate	320 basis points	Q3 2025 vs Q3 2024
Software Solutions Net Sales	$90.7 million	Q3 2025
Software Solutions Net Sales as % of Total Sales	51.7%	Q3 2025

Finance: review the Q4 2025 operating expense forecast against the Q3 2025 Adjusted SG&A run-rate by end of next week.

Donnelley Financial Solutions, Inc. (DFIN) - Canvas Business Model: Revenue Streams

You're looking at how Donnelley Financial Solutions, Inc. (DFIN) actually brings in the money, which is clearly shifting toward a software focus. The numbers from late 2025 show this transformation is well underway.

Recurring Software Subscription Fees (ActiveDisclosure, Arc Suite)

This is the engine driving the current margin expansion. Software solutions net sales for the third quarter of 2025 hit $90.7 million, representing a 10.3% year-over-year increase. Honestly, this recurring revenue stream is the key to their long-term story. On a trailing 4-quarter basis ending September 30, 2025, Software Solutions sales reached approximately $350 million. Management is definitely pushing this, targeting approximately 60% of total sales from Software Solutions by 2028.

• ActiveDisclosure and Arc Suite grew approximately 16% combined in Q3 2025.
• Software solutions accounted for 51.7% of total Q3 2025 net sales.
• Trailing 4-quarter software sales accounted for 46.5% of trailing 4-quarter sales.

Transactional Fees from Capital Markets (Venue VDR, IPO/M&A)

These fees are more variable, tied directly to market activity like Initial Public Offerings (IPOs) and Mergers & Acquisitions (M&A). In the third quarter of 2025, Donnelley Financial Solutions, Inc. (DFIN) recorded $41.8 million in capital markets transactional revenue. This was down $3.5 million compared to the third quarter of 2024. The near-term risk here is clear; management noted a U.S. government shutdown starting October 1 curtailed IPO activity in early Q4, guiding Q4 capital markets transactional net sales to a range of $30-$40 million. The new Venue Virtual Data Room product is helping, showing growth of approximately 3% in the quarter.

Tech-Enabled Services and Compliance Management Fees

This category includes the non-subscription, tech-enabled services and compliance volumes that are seeing some pressure. While software is growing, other areas are softening. For instance, the Capital Markets - Compliance & Communications Management segment saw net sales of $57.2 million in Q3 2025, a decrease of 9.9% from the prior year, driven by lower transactional revenue and a reduction in compliance volume.

Here's a quick look at the key revenue and profitability metrics as of the Q3 2025 report:

Metric	Amount / Percentage
Trailing Twelve Months Revenue (as of Q3 2025)	$750.8 Million USD
Q3 2025 Total Net Sales	$175.3 million
Q3 2025 Adjusted EBITDA	$49.5 million
Q3 2025 Adjusted EBITDA Margin	28.2%
Q3 2025 Software Solutions Net Sales	$90.7 million
Q3 2025 Capital Markets Transactional Revenue	$41.8 million

The shift in mix is the most important takeaway you should have right now. The overall revenue for the trailing twelve months ending September 30, 2025, was $750.80 million. Still, the focus is on that software percentage; it was 51.7% of total sales in Q3 2025, up from 45.8% in Q3 2024. Finance: draft 13-week cash view by Friday.