Welcome to our dedicated page for Daily Journal news (Ticker: DJCO), a resource for investors and traders seeking the latest updates and insights on Daily Journal stock.
Daily Journal Corporation (NASDAQ: DJCO) is a publishing and technology company that reports results across two segments: its Traditional Business and Journal Technologies. The Traditional Business publishes newspapers and web sites covering California and Arizona and produces several specialized information services, while also acting as a newspaper representative specializing in public notice advertising. Journal Technologies supplies case management software systems and related products to courts and other justice agencies, with revenues from license and maintenance fees, consulting fees and other public service fees.
This news page aggregates company press releases and market updates that detail consolidated revenues, segment performance, non-operating income from marketable securities, and changes in pretax and net income. Readers can follow how advertising and circulation trends affect the Traditional Business, and how consulting, license and maintenance, and other public service fees contribute to Journal Technologies growth. The company also regularly reports on unrealized and realized gains on marketable securities, dividends and interest income, and related tax effects.
In addition to financial results, Daily Journal Corporations news includes disclosures about its accounting policies for software development costs under ASC 985-20, responses to correspondence from Buxton Helmsley USA, Inc., and governance developments such as the planned retirement of its Chief Financial Officer and the appointment of a new Chief Financial Officer and Principal Financial Officer. Investors and observers can use this page to review multi-period performance, segment trends, and significant corporate communications directly from the company.
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Daily Journal Corporation (Nasdaq: DJCO) reported fiscal year 2025 results for the year ended September 30, 2025. Total revenue was $87.7M, up 25% YoY, driven by Journal Technologies revenue of $69.9M (up 32% YoY). Operating income was $9.5M (10.9% of revenue) versus 5.8% a year earlier. Net income rose to $112.1M or $81.41 per diluted share, a 44% increase. The company generated $13.3M in operating cash flow and reported $493.0M in marketable securities fair value with pretax unrealized gains of $134.3M for the year. Journal Technologies secured 17 multi-year contracts with courts and government agencies.
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Daily Journal Corporation (NASDAQ:DJCO) has issued a press release addressing allegations from Buxton Helmsley USA, Inc. (BuHeUI) regarding its software accounting practices. The company firmly refutes claims made by BuHeUI's CEO Alexander E. Parker, who alleged DJCO was improperly expensing software development costs instead of capitalizing them under ASC 985-20.
The company's Audit Committee, along with accountants and third-party experts, confirmed that DJCO's current accounting practices are correct. The company explained that while some software companies capitalize costs under ASC 350-40 for internal-use software, DJCO's products primarily involve licensed software delivered to customers, making ASC 985-20 the appropriate standard. The company maintains that Parker's analysis was fundamentally flawed, including his misinterpretation of practices at Tyler Technologies and Galaxy Gaming.
Daily Journal Corporation (NASDAQ:DJCO) reported strong financial results for the nine months ended June 30, 2025, with consolidated revenues reaching $59.3 million, up from $50.1 million in the prior year period. The company's Journal Technologies segment showed significant growth, with pretax income increasing by $3.9 million to $4.7 million.
The company's investment portfolio remained robust, holding marketable securities valued at $443 million, including net pretax unrealized gains of $303.9 million. Consolidated net income rose to $70 million ($50.81 per share), compared to $51.4 million ($37.32 per share) in the prior year period. The effective tax rate for the period was 25.9%.
Daily Journal Corporation (NASDAQ:DJCO) has issued a press release addressing recent allegations from Buxton Helmsley USA and its CEO Alexander E. Parker regarding the company's software development cost accounting practices. The controversy centers around Parker's claim that DJCO should capitalize rather than expense software development costs, potentially unlocking "$160+ million in incremental equity value."
Parker demanded $24 million worth of company equity as compensation and two board seats. After DJCO's Audit Committee decided to engage an independent accounting consultant instead, Parker escalated by reporting the company to the SEC's Enforcement Division and calling for the resignation of DJCO's CEO and CFO.
The company maintains its current accounting practices are correct and have been reviewed by three different national accounting firms. DJCO has proactively reached out to the SEC to discuss their software development accounting practices.
Daily Journal (NASDAQ:DJCO) reported consolidated revenues of $17.7 million for Q4 2024, up from $16 million year-over-year. The increase was driven by Journal Technologies' higher license and maintenance fees ($968,000) and public service fees ($1.24 million), despite lower consulting fees. The Traditional Business segment saw modest revenue growth.
Journal Technologies' pretax income increased by $120,000 to $456,000, though operating expenses rose by $1.39 million due to increased personnel costs and technical investments. The company held marketable securities valued at $372.1 million, including pretax unrealized gains of $233 million.
Consolidated net income was $10.9 million ($7.91 per share), down from $12.6 million ($9.16 per share) in the prior year. The effective tax rate was 26.9%, including taxes on unrealized gains on marketable securities.
Daily Journal (NASDAQ:DJCO) reported consolidated revenues of $69.93 million for fiscal 2024, up from $67.71 million in the previous year. The company's Journal Technologies segment saw increased license and maintenance fees of $4.76 million and public service fees of $1.58 million, though consulting fees decreased by $4.69 million. The Traditional Business segment experienced a slight pretax income decline to $1.58 million.
The company held marketable securities valued at $358.69 million, including pretax unrealized gains of $219.60 million. During March 2024, DJCO sold securities for $40.58 million, realizing gains of $14.26 million, and reduced its margin loan to $27.5 million. The company reported consolidated net income of $78.11 million ($56.73 per share) for fiscal 2024, compared to $21.45 million ($15.58 per share) in the previous year.
Daily Journal (NASDAQ:DJCO) reported consolidated revenues of $50,058,000 for the nine months ended June 30, 2024, a $3,899,000 increase from the prior year period. The increase was primarily due to higher license and maintenance fees from Journal Technologies and increased advertising revenues in the Traditional Business. Despite revenue growth, pretax income for both business segments decreased. The company's non-operating income significantly increased to $65,849,000, mainly due to realized gains on marketable securities sales and unrealized gains on marketable securities. Consolidated net income rose to $51,385,000 ($37.32 per share), compared to $27,937,000 ($20.29 per share) in the prior year period. The company also reduced its margin loan balance by approximately $47,500,000 during the period.
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