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Midas Edge

Morningstar, Inc.

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 31, 2025

MORN$246.15+0.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

MORNINGSTAR, INC. AND SUBSIDIARIES

INDEX

PART 1FINANCIAL INFORMATION4
Item 1.Financial Statements4
Unaudited Consolidated Statements of Income for the three and six months ended June 30, 2025 and 20244
Unaudited Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2025 and 20245
Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 20246
Unaudited Consolidated Statements of Equity for the three and six months ended June 30, 2025 and 20248
Unaudited Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 202410
Notes to Unaudited Consolidated Financial Statements
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations28
Item 3.Quantitative and Qualitative Disclosures about Market Risk44
Item 4.Controls and Procedures45
PART 2OTHER INFORMATION46
Item 1.Legal Proceedings46
Item 1A.Risk Factors46
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds46
Item 3.Defaults Upon Senior Securities46
Item 4.Mine Safety Disclosures46
Item 5.Other Information46
Item 6.Exhibits47
SIGNATURE48
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.