Filing Flows › Donnelley Financial Solutions (DFIN) › Q3 2025
Donnelley Financial Solutions (DFIN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Donnelley Financial Solutions (DFIN) reported revenue of $175M for the third quarter 2025 (Q3 2025), -2% from a year earlier and -20% from the quarter before. Operating margin was 16.1%, net loss $40.9M (23.3% of revenue).
Donnelley Financial Solutions, Q3 2025: revenue $175M (-2% year over year), operating margin 16.1%, net loss $40.9M, operating cash flow $74.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $175M | -20% | -2% |
| Operating profit | $28.2M | -47% | — |
| Net earnings | −$40.9M | -213% | — |
| Operating cash flow | $74.4M | +9% | -14% |
| Free cash flow | $59.2M | — | -12% |
What changed
Revenue was $175.3M in Q3 2025, down 2% year over year and down 20% from the previous quarter. Capital Markets Software Solutions was the largest line at 34% of revenue. Investment Companies Compliance and Communications Management lost $6.4M year over year (down 19%), 152% of the total change.
Operating profit was $28.2M, a 16.1% margin (up 5.9 points year over year). Total costs fell 9% while revenue fell 2%. The quarter ended with a net loss of $40.9M, after a profit of $36.1M the previous quarter. Net interest and other expense of $86.1M was the main reason.
Operating cash flow was $74.4M (down 14% year over year). Non-cash charges added back $15.2M of depreciation and amortization and $6.8M of share-based compensation. Working capital and other items added $93.3M. After capital expenditures ($15.2M), free cash flow as the company reports it was $59.2M.
Questions
What was Donnelley Financial Solutions' revenue in the third quarter 2025?
Donnelley Financial Solutions (DFIN) reported revenue of $175M for the third quarter 2025 (Q3 2025), -2% from a year earlier and -20% from the quarter before.
Was Donnelley Financial Solutions profitable in the third quarter 2025?
Operating profit was $28.2M (16.1% of revenue) and net loss $40.9M.