DAILY JOURNAL CORP
Business
Daily Journal Corporation publishes ten newspapers covering California and Arizona, offering news coverage with specialization in legal, real estate, and business topics, plus online publications and specialized information services such as court rules and judicial profiles. The company operates Journal Technologies, a wholly-owned software subsidiary providing case management systems to courts, prosecutors, public defenders, and justice agencies across approximately 37 states and internationally. Daily Journal distributes newspapers by mail and hand delivery; serves advertising customers including law firms and real estate professionals; and licenses or subscribes software products with hosting services, consulting, and public e-filing and payment platforms.
Summary from 10-K filed 2025-12-29
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Revenues | 88 | 70 | 68 | 54 | 50 | |
| Salaries and employee benefits | 56 | 47 | 43 | 36 | 34 | |
| Stock-based compensation | 100,000 | 200,000 | — | — | — | |
| Increase (decrease) to the long-term supplemental compensation accrual | 2 | −495,000 | −295,000 | 1 | 2 | |
| Agency commissions | 1 | 1 | 1 | 905,000 | 536,000 | |
| Outside services | 8 | 7 | 7 | 4 | 3 | |
| Postage and delivery expenses | 774,000 | 752,000 | 684,000 | 668,000 | 654,000 | |
| Newsprint and printing expenses | 639,000 | 669,000 | 795,000 | 739,000 | 625,000 | |
| Equipment maintenance and software | 2 | 2 | 1 | 1 | 1 | |
| Credit card merchant discount fees | 2 | 2 | 2 | 2 | 2 | |
| Accounting and legal fees | 1 | 1 | 940,000 | 833,000 | 937,000 | |
| Other general and administrative expenses | 5 | 4 | 4 | 3 | 2 | |
| Total operating expenses | 78 | 66 | 61 | 52 | 48 | |
| Income from operations | 10 | 4 | 7 | 2 | 2 | |
| Dividends and interest income | 7 | 7 | 8 | 5 | 3 | |
| Net realized and unrealized gains on marketable securities | 134 | 96 | 17 | — | — | |
| Net unrealized (losses) gains on non-qualified compensation plan | 64,000 | 47,000 | −4,000 | — | — | |
| Other income | 113,000 | 4,000 | — | — | — | |
| Income before taxes | 150 | 104 | 28 | −103 | 153 | |
| Income tax provision | −38 | −26 | −7 | 27 | −40 | |
| Net income | 112 | 78 | 21 | −21 | 113 | |
| Weighted average number of common shares outstanding basic (in shares) | 1 | 1 | 1 | 1 | 1 | |
| Basic net income per share (in dollars per share) | 81.41 | 56.73 | 15.58 | −54.81 | 81.77 | |
| Weighted average number of common shares outstanding diluted (in shares) | 1 | 1 | — | — | — | |
| Diluted net income per share (in dollars per share) | 81.41 | 56.73 | — | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-12-31 | FY 2023 2023-09-30 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 21 | 13 | — | 21 | 13 | |
| Restricted cash | 2 | 2 | — | 2 | 2 | |
| Non-qualified deferred compensation plan trust account asset value | 1 | 748,000 | — | 194,000 | — | |
| Marketable securities at fair value | 493 | 359 | — | 303 | 276 | |
| Accounts receivable, net | 21 | 19 | — | 19 | 17 | |
| Prepaid expenses and other current assets | 959,000 | 660,000 | — | 380,000 | 451,000 | |
| Total current assets | 539 | 394 | — | 345 | 309 | |
| Property, plant, and equipment, net | 9 | 9 | — | 9 | 10 | |
| Total assets | 548 | 404 | — | 355 | 319 | |
| Accounts payable | 7 | 6 | — | 7 | 5 | |
| Accrued liabilities | 13 | 9 | — | 9 | 7 | |
| Note payable collateralized by real estate | 169,000 | 164,000 | — | 158,000 | 146,000 | |
| Income taxes | 879,000 | 0 | — | 1 | — | |
| Contract with Customer, Liability, Current | 19 | 24 | 26 | — | — | |
| Total current liabilities | 39 | 38 | — | 42 | 34 | |
| Investment margin account borrowings | 22 | 28 | — | 75 | 75 | |
| Long-term note payable collateralized by real estate | 787,000 | 956,000 | — | 1 | 1 | |
| Long-term deferred maintenance agreements | 994,000 | 883,000 | 1 | 1 | 370,000 | |
| Long-term accrued liabilities | 6 | 4 | — | 4 | 5 | |
| Accrued non-qualified deferred compensation | 2 | 784,000 | — | 200,000 | — | |
| Deferred income taxes | 87 | 53 | — | 31 | 25 | |
| Total liabilities | 157 | 125 | — | — | — | |
| Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued and outstanding, and 427,627 treasury shares, as of September 30, 2025, and 2024, respectively | 14,000 | 14,000 | — | 0 | 0 | |
| Additional paid-in capital | 2 | 2 | — | 2 | 2 | |
| Retained earnings | 389 | 277 | — | 199 | 177 | |
| Total stockholders equity | 391 | 279 | — | 200 | 179 | |
| Total liabilities and stockholders equity | 548 | 404 | — | 355 | 319 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Stock-based compensation | 140,000 | 202,000 | — | — | — | |
| Depreciation and amortization | 257,000 | 267,000 | 279,000 | 379,000 | 480,000 | |
| Gains on sales of capital assets | 0 | −4,000 | — | — | — | |
| Net realized and unrealized gains on marketable securities | −134 | −96 | −17 | 123 | — | |
| Deferred income taxes | 35 | 22 | 5 | −31 | 32 | |
| Accounts receivable, net | −2 | −532,000 | −2 | −7 | −3 | |
| Prepaid expenses and other assets | −210,000 | −239,000 | 80,000 | 217,000 | 56,000 | |
| Accounts payable | 1 | −594,000 | 2 | 823,000 | 313,000 | |
| Accrued liabilities, including non-qualified deferred compensation | 6 | −190,000 | 2 | 2 | 3 | |
| Income tax payable | 879,000 | −1 | 1 | −6 | 6 | |
| Net cash provided (used in) by operating activities | 13 | −89,000 | 15 | −5 | 3 | |
| Proceeds from sales of marketable securities | 0 | 41 | 3 | 81 | 45 | |
| Proceeds on sales of capital assets | 0 | 4,000 | — | 381,000 | — | |
| Purchases of property, plant and equipment, net | −8,000 | −49,000 | 86,000 | 36,000 | −29,000 | |
| Net cash (used in) provided by investing activities | −8,000 | 41 | −7 | −37 | −20 | |
| Payments to margin loan borrowing | −6 | −48 | −6 | −14,000 | −14 | |
| Payments of real estate loan principal | −164,000 | −158,000 | −153,000 | −147,000 | −131,000 | |
| Net cash used in financing activities | −6 | −48 | −153,000 | 43 | 2 | |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 8 | −7 | 8 | 829,000 | −14 | |
| Interest paid during year | 1 | 3 | 4 | 1 | 329,000 | |
| Income taxes paid during year | 2 | 5 | 806,000 | 11 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-03-31 · 4 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $240.67M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| Wells Fargo & Co | — | 1.41M | $112.49M | 46.7% |
| Bank of America Corp | — | 2.00M | $97.50M | 40.5% |
| Alibaba Group Holding Ltd | — | 195.0K | $24.46M | 10.2% |
| US Bancorp | — | 119.5K | $6.21M | 2.6% |
Frequently asked questions
What is DAILY JOURNAL CORP's CIK number?
DAILY JOURNAL CORP's SEC CIK number is 0000783412 (783412). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DAILY JOURNAL CORP's SEC filings?
All of DAILY JOURNAL CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did DAILY JOURNAL CORP last report earnings?
DAILY JOURNAL CORP (DJCO) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-017058). This is DAILY JOURNAL CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is DAILY JOURNAL CORP's most recent earnings 8-K?
DAILY JOURNAL CORP's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001437749-26-017058. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View DAILY JOURNAL CORP's latest earnings 8-K →
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