Donnelley Financial Solutions, Inc. (DFIN): Modelo de negócios Canvas [Jan-2025 Atualizado]

No complexo cenário de relatórios financeiros e conformidade, a Donnelley Financial Solutions (DFIN) surge como uma potência transformadora, a tecnologia de ponte perfeitamente e a experiência regulatória. Ao alavancar plataformas digitais avançadas e ofertas abrangentes de serviços, o DFIN fornece soluções inovadoras que capacitam as empresas a navegar no mundo intrincado das comunicações financeiras com eficiência e precisão sem precedentes. Seu modelo de negócios exclusivo Canvas revela uma abordagem estratégica que vai além do gerenciamento tradicional de documentos, oferecendo tecnologias integradas que revolucionam como as empresas gerenciam, se comunicam e cumprem os requisitos regulatórios em evolução.

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com instituições financeiras e órgãos regulatórios

O DFIN mantém parcerias estratégicas com várias organizações regulatórias financeiras:

Tipo de parceiro	Número de parcerias	Área de foco
Sec Parceiros registrados	87	Conformidade regulatória
Reguladores Financeiros Globais	42	Padrões internacionais de relatórios
Redes de conformidade bancária	23	Serviços de divulgação financeira

Parceiros de tecnologia para soluções de software e nuvem

O DFIN colabora com os principais fornecedores de tecnologia:

• Microsoft Azure Cloud Services
• Amazon Web Services (AWS)
• Oracle Cloud Infrastructure
• Salesforce Integration Partners

Redes de distribuição de conteúdo digital e de impressão

Parceiro de distribuição	Volume anual de distribuição	Tipo de serviço
RR DONnelley Network	3,2 milhões de documentos	Entrega de impressão/digital integrada
Plataformas digitais globais	2,7 milhões de registros eletrônicos	Submissões regulatórias on -line

Empresas de consultoria para serviços de conformidade e relatório

As principais parcerias de consultoria incluem:

• Equipe de conformidade regulatória da Deloitte
• Soluções de relatórios financeiros KPMG
• Grupo de Tecnologia Reguladora da PWC

Provedores de software corporativo global

Provedor de software	Nível de integração	Valor anual de colaboração
SEIVA	Alto	US $ 12,4 milhões
IBM	Médio	US $ 8,7 milhões
Dia de trabalho	Estratégico	US $ 5,3 milhões

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: Atividades -chave

Relatórios financeiros e preparação de documentos de conformidade

O DFIN processou aproximadamente 50.000 envios de documentos regulatórios em 2023. A Companhia mantém um 99,7% da taxa de precisão na preparação de documentos em várias jurisdições.

Tipo de documento	Volume anual	Precisão da conformidade
Relatórios 10-K	12,500	99.8%
Relatórios 10-Q	37,500	99.6%

SEC e gerenciamento de arquivamento regulatório

O DFIN gerencia processos de arquivamento para mais de 3.500 empresas públicas em todo o mundo. A empresa apoia envios regulatórios em 15 mercados internacionais.

• Tempo médio de retorno de arquivamento: 4,2 horas
• Sistemas de rastreamento de conformidade: monitoramento em tempo real
• Cobertura de banco de dados regulamentar: 98% dos mercados financeiros globais

Divulgação digital e soluções de comunicação de investidores

A plataforma digital lida com aproximadamente 75.000 comunicações de investidores anualmente com 98,5% de taxa de engajamento digital.

Canal de comunicação	Interações anuais	Penetração digital
Sites de investidores	42,000	97%
Plataformas de investidores móveis	33,000	99%

Gerenciamento de conteúdo corporativo e automação de fluxo de trabalho

O DFIN suporta automação de fluxo de trabalho para 2.300 clientes corporativos com 92% de melhoria de eficiência do processo.

• Otimização média do fluxo de trabalho: 4,5 horas por documento
• Cobertura automatizada do processo: 85% do ciclo de vida do documento
• Gerenciamento de conteúdo baseado em nuvem: 99,99% de tempo de atividade

Desenvolvimento de tecnologia de risco e conformidade

Investimento tecnológico de US $ 47,3 milhões em 2023 dedicado ao desenvolvimento de soluções de conformidade.

Área de investimento em tecnologia	Orçamento anual	Foco de desenvolvimento
Conformidade ai	US $ 18,5m	Algoritmos de aprendizado de máquina
Tecnologia regulatória	US $ 28,8M	Plataformas de gerenciamento de riscos

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: Recursos -chave

Plataformas de software avançadas e infraestrutura de tecnologia

A infraestrutura tecnológica da DFIN inclui:

Ativo de tecnologia	Especificação
Plataformas baseadas em nuvem	Soluções SaaS de nível corporativo
Capacidade de processamento de dados	Lida com mais de 70.000 documentos financeiros anualmente
Investimento em tecnologia	US $ 42,3 milhões de despesas de P&D em 2022

Experiência especializada em relatórios financeiros

Os principais componentes de especialização incluem:

• Especialistas em relatórios da SEC: 125 profissionais dedicados
• Especialistas em conformidade: 85 profissionais regulatórios
• Consultores de tecnologia financeira: 62 pessoal especializado

Conhecimento abrangente de conformidade regulatória

Recursos de conformidade regulatória:

Área de conformidade	Cobertura
Estruturas regulatórias globais	18 jurisdições financeiras internacionais
Sistemas de gerenciamento de conformidade	Monitoramento em tempo real em 12 setores financeiros

Recursos globais de gerenciamento e processamento de dados

Infraestrutura de gerenciamento de dados:

• Data Centers globais: 4 locais estratégicos
• Volume anual de processamento de dados: 2.3 Petabytes
• Conformidade de segurança de dados: SOC 2 Tipo II certificado

Força de trabalho qualificada com antecedentes financeiros e tecnológicos

Métrica da força de trabalho	Valor
Total de funcionários	1.800 a partir de 2022
Titulares de graduação avançados	42% da força de trabalho
Experiência profissional média	12,5 anos

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: proposições de valor

Soluções de conformidade regulatória simplificada

O DFIN gerou US $ 1,02 bilhão em receita total para o ano fiscal de 2022, com soluções de conformidade regulatória representando uma parcela significativa de suas ofertas de serviço.

Serviço de conformidade	Penetração de mercado	Contribuição anual da receita
SEC Soluções de arquivamento	87% das empresas da Fortune 500	US $ 412 milhões
Relatórios de conformidade global	65 países serviram	US $ 276 milhões

Relatórios financeiros de ponta a ponta e serviços de divulgação

O DFIN processa aproximadamente 75.000 envios de documentos financeiros anualmente.

• Tempo médio de processamento de documentos: 4,2 horas
• Taxa de precisão: 99,7%
• Taxa de retenção de clientes: 92%

Tecnologias avançadas de transformação digital

Investimento em tecnologias digitais: US $ 47,3 milhões em P&D para 2022.

Plataforma de tecnologia	Base de usuários	Crescimento anual
Plataforma ActiveDisclosure	3.200 clientes corporativos	18.5%
Tecnologia de arquivamento da Edgar	2.900 usuários ativos	15.3%

Ferramentas de mitigação de risco e gerenciamento regulatório

O DFIN gerencia o risco regulatório para clientes em vários setores.

• O software de gerenciamento de riscos abrange 42 estruturas regulatórias
• Serve instituições financeiras em 18 países
• Precisão de monitoramento de conformidade: 99,6%

Plataformas de software integradas para comunicações financeiras

Receita total da plataforma de software: US $ 328 milhões em 2022.

Plataforma de software	Segmento de cliente	Receita anual
Plataforma do local	Comunicações corporativas	US $ 156 milhões
ActiveDisclosure	Relatórios financeiros	US $ 172 milhões

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: Relacionamentos do cliente

Equipes de gerenciamento de contas dedicadas

O DFIN mantém equipes especializadas de gerenciamento de contas que atendem a vários segmentos de mercado:

Segmento de mercado	Tamanho dedicado à equipe	Taxa média de retenção de clientes
Serviços financeiros	37 gerentes especializados	92.4%
Relatórios corporativos	24 profissionais dedicados	88.7%
Conformidade legal	19 gerentes especializados	94.2%

Suporte técnico e consulta em andamento

Métricas de suporte técnico para 2024:

• Cobertura de suporte global 24/7
• Tempo médio de resposta: 17 minutos
• Taxa de resolução: 96,3%
• Canais de suporte: telefone, e -mail, chat ao vivo, sistema de bilhetes

Design de solução personalizado

Tipo de solução	Taxa de personalização	Tempo médio de implementação
Soluções de conformidade regulatória	78.5%	42 dias
Plataformas de relatórios financeiros	65.3%	36 dias

Atualizações regulares de software e treinamento

Estatísticas de treinamento e atualização:

• Frequência de atualização de software: trimestral
• Sessões anuais de treinamento por cliente: 4-6
• Módulos de treinamento on -line: 37 cursos diferentes
• Taxa média de participação do treinamento: 82,6%

Abordagem de parceria colaborativa

Métrica de Parceria	2024 Valor
Parcerias estratégicas de clientes	128 clientes de nível corporativo
Iniciativas de co-desenvolvimento	17 projetos colaborativos ativos
Pontuação de satisfação do cliente	4.7/5.0

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: canais

Equipe de vendas diretas

A partir de 2024, o DFIN mantém uma equipe de vendas direta dedicada direcionada a profissionais financeiros e jurídicos. A equipe de vendas se concentra em clientes de nível corporativo em soluções de relatórios e conformidade regulatórios.

Métrica do canal de vendas	2024 dados
Total de representantes de vendas	87 profissionais
Custo médio de aquisição de clientes corporativos	US $ 24.500 por cliente
Geração anual de receita da equipe de vendas	US $ 42,3 milhões

Plataformas de software online

O DFIN fornece soluções de software baseadas em nuvem por meio de várias plataformas digitais.

• Plataforma baseada na Web: Edgar Pro
• Sistema de gerenciamento de conformidade em nuvem
• Interface de processamento de documentos em tempo real

Métrica de plataforma online	2024 Estatística
Usuários online ativos totais	6.742 assinantes corporativos
Receita anual da plataforma digital	US $ 37,6 milhões
Porcentagem de tempo de atividade da plataforma	99.97%

Marketing digital e webinars

O DFIN aproveita as estratégias de marketing digital para envolver clientes em potencial.

Métrica de marketing digital	2024 dados
Participação mensal do webinar	1.245 participantes registrados
Gastos de marketing digital	US $ 2,1 milhões anualmente
Leads gerados por marketing	438 leads qualificados por trimestre

Conferências e feiras do setor

O DFIN participa ativamente de eventos de tecnologia financeira e regulatória.

Participação da conferência	2024 métrica
Aparições anuais da conferência	12 grandes eventos da indústria
Geração de chumbo comercial	276 contatos em potencial do cliente
Orçamento de marketing da conferência	US $ 1,7 milhão

Redes de referência de parceiros

O DFIN mantém parcerias estratégicas com empresas de tecnologia e consultoria.

Métrica de rede de parceiros	2024 dados
Organizações parceiras totais	47 parceiros estratégicos
Receita de referência	US $ 8,9 milhões anualmente
Taxa de comissão de parceiros	12-15% por referência bem-sucedida

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: segmentos de clientes

Empresas públicas

A partir do quarto trimestre de 2023, o DFIN atende a aproximadamente 75% das empresas da Fortune 500 para relatórios financeiros e soluções de conformidade.

Segmento de clientes	Penetração de mercado	Contribuição anual da receita
Grandes empresas públicas	75% da fortuna 500	US $ 312,4 milhões

Empresas de investimento

O DFIN fornece soluções de relatórios financeiros para mais de 1.200 empresas de gerenciamento de investimentos em todo o mundo.

• O segmento inclui fundos de hedge, empresas de private equity e empresas de gerenciamento de ativos
• Valor médio do contrato: US $ 145.000 por cliente

Instituições financeiras

O DFIN atende 62% das instituições financeiras globais de primeira linha com plataformas de conformidade regulatória.

Tipo de instituição	Número de clientes	Cobertura de serviço
Bancos	287	Soluções de relatórios regulatórios
Companhias de seguros	143	Gerenciamento de conformidade

Departamentos de conformidade regulatória

O DFIN suporta mais de 5.000 departamentos de conformidade corporativa em vários setores.

• Os principais verticais incluem:
• Serviços financeiros
• Assistência médica
• Tecnologia
• Fabricação

Empresas de médio a grande porte

A DFIN visa empresas com receita anual entre US $ 50 milhões e US $ 5 bilhões.

Tamanho da empresa	Mercado endereçável total	DFIN Participação de mercado
Empresas do mercado intermediário	3.742 empresas	42% de penetração no mercado
Grandes empresas	1.156 empresas	68% de penetração no mercado

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: estrutura de custos

Investimentos de pesquisa e desenvolvimento

Para o ano fiscal de 2022, o DFIN registrou despesas de P&D de US $ 43,4 milhões, representando 7,2% da receita total.

Manutenção de infraestrutura de tecnologia

Categoria de custo	Despesas anuais
Infraestrutura em nuvem	US $ 12,7 milhões
Manutenção de hardware	US $ 5,3 milhões
Segurança de rede	US $ 3,9 milhões

Despesas de vendas e marketing

Em 2022, Dfin gastou US $ 87,6 milhões Sobre vendas e marketing, responsável por 14,5% da receita total da empresa.

Compensação e treinamento de funcionários

• Compensação total dos funcionários para 2022: US $ 221,5 milhões
• Investimento médio de treinamento por funcionário: US $ 1.750
• Orçamento de treinamento anual total: US $ 4,3 milhões

Custos de licenciamento em nuvem e software

Categoria de software	Despesa anual de licenciamento
Software corporativo	US $ 9,2 milhões
Serviços em nuvem	US $ 6,7 milhões
Plataformas financeiras especializadas	US $ 4,5 milhões

Donnelley Financial Solutions, Inc. (DFIN) - Modelo de negócios: fluxos de receita

Modelos de assinatura de software como serviço (SaaS)

Em 2023, a receita SaaS da DFIN totalizou US $ 298,4 milhões, representando 42,7% da receita total da empresa. As principais plataformas SaaS incluem:

Plataforma SaaS	Receita anual de assinatura
ActiveDisclosure	US $ 87,6 milhões
ActiveProspectus	US $ 65,2 milhões
Local	US $ 45,9 milhões

Serviços profissionais e taxas de consultoria

Serviços profissionais geraram US $ 124,7 milhões em 2023, com a seguinte quebra:

• Consultoria de conformidade regulatória: US $ 52,3 milhões
• Conselho de relatórios financeiros: US $ 38,5 milhões
• Serviços de implementação de tecnologia: US $ 33,9 milhões

Serviços de preparação e arquivamento de documentos

A receita de serviços de documentos em 2023 atingiu US $ 156,2 milhões, segmentada como:

Categoria de serviço	Receita anual
SEC Preparação de arquivamento	US $ 89,6 milhões
Registros de comunicação corporativa	US $ 42,3 milhões
Serviços de documentos especializados	US $ 24,3 milhões

Implementação e integração de tecnologia

Os serviços de implementação de tecnologia geraram US $ 76,5 milhões em 2023, incluindo:

• Integração do software corporativo: US $ 42,1 milhões
• Configuração personalizada do fluxo de trabalho: US $ 21,4 milhões
• Serviços de migração de dados: US $ 13,0 milhões

Contratos contínuos de suporte e manutenção de conformidade

Os contratos de manutenção e apoio totalizaram US $ 95,3 milhões em 2023:

Tipo de contrato	Receita anual
Manutenção anual de software	US $ 62,7 milhões
Atualizações de conformidade regulatória	US $ 22,6 milhões
Serviços de suporte estendido	US $ 10,0 milhões

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.