DFIN News & Events

Sees Q1 adjusted EBITDA margin 33%-35%.

Q4 EPS included after-tax charges of 47c per share, primarily related to share-based compensation expense and restructuring, impairment and other charges, net. Reports Q4 revenue $172.5M, consensus $155.27M. "We are pleased with the strong performance in the quarter, including software solutions and tech-enabled services net sales growth of 11.4% and 12.4%, respectively, an increase in Adjusted EBITDA, and Adjusted EBITDA margin expansion," said CEO Daniel Leib. "Throughout 2025, the focused execution of our strategy enabled us to achieve strong financial and operational results, in light of challenging capital markets transactional conditions. For the full-year 2025, we delivered $239.8M of Adjusted EBITDA and record Adjusted EBITDA margin of 31.3%, an increase of approximately 350 basis points from full-year 2024...We recorded $358.4M in software solutions net sales in 2025, which represents approximately 47% of our total full-year net sales, up from approximately 42% of total net sales in 2024. Our efforts in 2025 to scale our portfolio of software solutions create a strong foundation to achieve our long-term goals. Heading into 2026, we are encouraged by both the strength of our operating performance and the momentum in capital markets transactional activity."

Reports Q3 revenue $175.3M, consensus $169.7M. "We are pleased with the results for the third quarter, as we continue to progress in our strategic transformation by delivering an improved sales mix, an increase in Adjusted EBITDA, and Adjusted EBITDA margin expansion compared to the third quarter of 2024. We experienced increased momentum in the growth of our software solutions net sales, which increased 10.3% versus the third quarter of 2024, driven by our recurring compliance products, ActiveDisclosure and Arc Suite, which grew approximately 16%, in aggregate. Venue, our virtual data room product, recorded sales growth of approximately 3%, an improvement compared to recent trend. In addition, during the third quarter, we launched new Venue following a comprehensive rebuild and have received very positive feedback in response to the most modern virtual data room on the market. Software solutions net sales accounted for 51.7% of total third-quarter net sales, up approximately 590 basis points from last year's third-quarter sales mix and represented the majority of our overall quarterly net sales, another positive proof point of our software-centric strategy," said Daniel N. Leib, DFIN's President and Chief Executive Officer.