DAILY JOURNAL CORP DJCO
Daily Journal Corporation ("Daily Journal" or "the Company") publishes newspapers and websites covering California and Arizona news and produces several specialized information publications. It also serves as a newspaper representative specializing in public notice advertising. This is sometimes referred to as the Company's "Traditional Business".
Journal Technologies, Inc. ("Journal Technologies"), a wholly-owned subsidiary of the Company, supplies case management software systems and related products to courts, prosecutor and public defender offices, probation departments and other justice agencies, including administrative law organizations, city and county governments and bar associations. These organizations use the Journal Technologies family of products to help manage cases and information electronically, to interface with other critical justice partners and to extend electronic services to the public, including e-filing and a website to pay traffic citations and fees online. These products are licensed or subscribed to in approximately 37 states, and internationally.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.7M | $69.9M | $67.7M | $54.0M | $49.9M | $49.9M | $48.7M | $40.7M | $41.4M | $41.6M |
| Total operating expenses | $78.2M | $65.9M | $61.1M | $52.0M | $47.8M | $51.2M | $66.9M | $54.8M | $54.6M | $48.3M |
| Operating income | $9.5M | $4.1M | $6.7M | $2.0M | $2.2M | -$1.3M | -$18.2M | -$14.1M | -$13.2M | -$6.6M |
| Pre-tax income | $150.1M | $104.3M | $28.1M | -$102.5M | $153.1M | $4.2M | -$31.5M | -$11.3M | -$8.1M | -$3.0M |
| Income tax | $38.0M | $26.2M | $6.7M | $26.9M | $40.1M | $185.0K | $6.3M | $19.5M | $7.2M | $1.9M |
| Net income | $112.1M | $78.1M | $21.5M | -$21.5M | $112.9M | $4.0M | -$25.2M | $8.2M | -$918.0K | -$1.0M |
| EPS, basic | 81.41 | 56.73 | 15.58 | -54.81 | 81.77 | — | — | — | — | — |
| EPS, diluted | 81.41 | 56.73 | — | — | 81.77 | 2.93 | -18.26 | 5.94 | -0.66 | -0.76 |
| Shares, diluted (wtd. avg.) | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $20.6M | $13.0M | $20.8M | $13.4M | $12.6M | $26.9M | $8.6M | $9.3M | $3.4M | $11.4M |
| Short-term investments | $493.0M | $358.7M | $303.1M | $275.5M | $347.6M | $179.4M | $194.6M | $212.3M | $229.3M | — |
| Receivables | $21.0M | $19.2M | $18.7M | $16.9M | $9.5M | $6.7M | $7.0M | $4.8M | $5.4M | $4.7M |
| Inventory | — | $15.0K | $72.0K | $56.0K | $43.0K | $36.0K | $40.0K | $46.0K | $40.0K | $41.0K |
| Total current assets | $539.2M | $394.5M | $345.4M | $309.5M | $372.3M | $216.3M | $212.9M | $227.2M | $239.8M | $184.5M |
| Property, plant and equipment | $8.9M | $9.3M | $9.4M | $9.6M | $10.0M | $10.5M | $10.8M | $11.2M | $11.6M | $12.1M |
| Goodwill | — | — | — | — | — | — | — | $13.4M | $13.4M | $13.4M |
| Other intangibles | — | — | — | — | — | — | — | — | $3.1M | $8.0M |
| Total assets | $548.1M | $403.8M | $354.9M | $319.1M | $382.6M | $238.6M | $237.4M | $264.0M | $280.7M | $225.4M |
| Accounts payable | $7.1M | $6.0M | $6.6M | $5.1M | $4.2M | $3.9M | $4.5M | $2.8M | $3.0M | $2.6M |
| Total current liabilities | $38.8M | $38.4M | $42.2M | $33.6M | $34.0M | $28.0M | $30.7M | $27.3M | $24.1M | $64.9M |
| Total liabilities | $157.1M | $125.0M | — | — | — | — | — | — | — | — |
| Retained earnings | $388.9M | $276.8M | $198.7M | $177.2M | $252.9M | $140.0M | $135.9M | $45.4M | $57.1M | $58.1M |
| Total equity | $391.1M | $278.8M | $200.5M | $179.0M | $254.6M | $141.7M | $137.7M | $162.9M | $159.7M | $125.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13.3M | -$89.0K | $15.1M | -$5.3M | $3.3M | $2.3M | $1.6M | -$1.9M | -$2.7M | $1.2M |
| Depreciation and amortisation | $257.0K | $267.0K | $279.0K | $379.0K | $480.0K | $524.0K | $589.0K | $3.7M | $5.6M | $5.7M |
| Stock-based compensation | $140.0K | $202.0K | — | — | — | — | — | — | — | — |
| Capital expenditure | $8.0K | $49.0K | $86.0K | $36.0K | $29.0K | $184.0K | $165.0K | $212.0K | $253.0K | $3.8M |
| Investing cash flow | -$8.0K | $40.5M | -$7.3M | -$36.8M | -$20.0M | $16.1M | -$165.0K | $7.9M | -$5.3M | -$7.6M |
| Financing cash flow | -$5.7M | -$47.7M | -$153.0K | $42.9M | $2.4M | -$126.0K | -$121.0K | -$115.0K | -$110.0K | $2.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-25-038836.
Others in SIC 2711
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NWSA | NEWS CORP | $16.91B | 29.5x | 6.8% |
| NYT | NEW YORK TIMES CO | $10.90B | 32.2x | 9.2% |
| TDAY | USA TODAY Co., Inc. | $929.4M | 633.0x | -8.3% |
| LEE | LEE ENTERPRISES, Inc | $181.2M | — | -8.0% |