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DJCO

Daily Journal Corporation

DJCO

Daily Journal Corporation • NASDAQ
$458.39 ▼ -0.24% (-1.12)
Market Cap $631.40 M
52w High $596.60
52w Low $348.63
Dividend Yield 0%
P/E 6.53
Volume 19.53K
Outstanding Shares 1.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $23.406M ▲ $5.255M ▲ $14.421M ▼ 61.612% ▼ $10.47 ▼ $18.627M ▼
Q2-2025 $18.176M ▲ $4.766M ▲ $44.67M ▲ 245.764% ▲ $32.43 ▲ $61.686M ▲
Q1-2025 $17.704M ▼ $2.753M ▼ $10.895M ▼ 61.54% ▼ $7.91 ▼ $15.356M ▼
Q4-2024 $19.873M ▲ $3.865M ▲ $26.728M ▲ 134.494% ▲ $19.41 ▲ $36.584M ▲
Q3-2024 $17.494M $2.27M $23.355M 133.503% $16.96 $32.347M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $461.716M ▲ $494.721M ▲ $145.839M ▲ $348.882M ▲
Q2-2025 $443.26M ▲ $468.05M ▲ $133.612M ▲ $334.438M ▲
Q1-2025 $387.151M ▲ $412.571M ▲ $122.868M ▼ $289.703M ▲
Q4-2024 $371.677M ▲ $403.763M ▲ $124.979M ▲ $278.784M ▲
Q3-2024 $335.012M $369.861M $118.007M $251.854M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.421M ▼ $7.174M ▲ $0 $-41K ▲ $7.133M ▲ $7.174M ▲
Q2-2025 $44.67M ▲ $-569K ▼ $0 $-2.541M ▼ $-3.11M ▼ $-569K ▼
Q1-2025 $10.895M ▼ $2.205M ▼ $0 ▲ $-41K ▼ $2.164M ▼ $2.205M ▼
Q4-2024 $26.728M ▲ $3.123M ▲ $-34K ▼ $-39K ▲ $3.05M ▲ $3.085M ▲
Q3-2024 $23.355M $1.601M $12K $-1.961M $-348K $1.613M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Advertising
Advertising
 $0 ▲$0 ▲$0 ▲$0 ▲
Advertising Service Fees and Other
Advertising Service Fees and Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Consulting Fees
Consulting Fees
 $0 ▲$10.00M ▲$0 ▼$10.00M ▲
License and Maintenance
License and Maintenance
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Subscription and Circulation
Subscription and Circulation
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The business runs with relatively small but steady revenue, with only mild growth over the last few years. Core operations in software and publishing seem roughly breakeven to modestly profitable, without wide operating margins. Most of the drama in the income statement comes from gains and losses on the investment portfolio, which cause net income and earnings per share to swing sharply from one year to the next. In other words, the underlying operating business looks fairly stable, while reported profits are quite volatile because of investment marks rather than day‑to‑day operations.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively strong. Assets have crept up over time, and shareholder equity has grown, which suggests retained value being built inside the company. Debt is present but not heavy, and cash on hand is modest but supported by a sizable pool of marketable securities that acts as a financial buffer. Overall, the company appears to have a solid capital base, giving it room to invest in its technology business and endure slow or uneven periods without obvious balance sheet strain.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has hovered around breakeven, with only modest positive cash flow in the better years and small outflows in the weaker year. Free cash flow follows the same pattern because capital spending is minimal. This suggests the company is not burning large amounts of cash to grow, but it also is not yet generating strong, consistent cash surpluses from its core business. The cash profile fits a company in transition: stable enough not to be under pressure, but not yet a clear cash engine.

Competitive Edge

Competitive Edge Daily Journal’s key competitive strength is in its Journal Technologies unit, which serves courts and justice agencies with specialized case management software. Once installed, these systems are deeply embedded in clients’ workflows, making switching to another vendor expensive, risky, and time‑consuming. That creates sticky, long‑term relationships and recurring revenue. The company’s narrow focus on the justice system gives it deep domain know‑how that broad, generalist software companies may lack. On top of that, a strong investment portfolio and conservative culture provide financial staying power, which is attractive to government customers that need reliable partners. The main competitive challenges are long sales and implementation cycles, dependence on government budgets, and competition from other GovTech and legal‑tech vendors that are also modernizing their offerings.

Innovation and R&D

Innovation and R&D Innovation is centered on the eSeries Framework, a configurable, browser‑based platform that lets courts and justice agencies adapt the software to their own processes without extensive custom coding. This flexibility, combined with a growing shift to cloud‑hosted offerings like eProsecutor Online, positions the company in line with broader GovTech trends toward cloud, remote access, and tighter security standards. While the company has not heavily publicized artificial intelligence features, management clearly sees AI as an important future factor, and the legal‑tech ecosystem is moving that way. The roadmap seems focused on deeper cloud adoption, incremental feature expansion, and possibly greater use of analytics and automation over time, rather than splashy, high‑risk R&D bets.

Summary

Daily Journal is gradually evolving from a traditional legal publishing company into a niche government technology provider, with its future increasingly tied to Journal Technologies. The operating business appears steady but not yet highly profitable, while reported earnings are dominated by swings in the value of its investment portfolio. The balance sheet is a notable strength, providing financial resilience and flexibility. Competitively, the firm benefits from high switching costs, specialized expertise in the justice system, and an integrated suite of products, but faces the usual GovTech hurdles of long sales cycles and dependence on public‑sector budgets. Overall, this is a financially cautious, niche player pursuing a long, patient push to digitize court and justice workflows, with steady but not explosive operating progress and considerable earnings noise from investments.