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DJCO on Nasdaq

Daily Journal Corporation

Logo: Daily Journal Corporation, Public domain, via Wikimedia Commons5

American publishing & technology company

Daily Journal Corporation is an American publishing company and technology company headquartered in Los Angeles, California. The company has offices in the California cities of Corona, Oakland, Riverside, Sacramento, San Diego, San Francisco, San Jose, and Santa Ana, as well as in Denver, Colorado; Logan, Utah; Phoenix, Arizona; and Melbourne, Australia. Since being led by Charles T. Munger, its newspapers have focused greatly on reporting about the U.S. legal system.3 Its shares trade on Nasdaq under the symbol DJCO.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$87.7MRevenue, fiscal 20256
$112.1MNet income, fiscal 20256
1986Founded1

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  • TickerDJCO on Nasdaq1
  • Industrypublishing1
  • HeadquartersLos Angeles1
  • Websitewww.dailyjournal.com
  • Incorporated inSC7
  • Business address915 East First Street, Los Angeles, Ca 900127
  • Filer categoryNon-accelerated filer, Smaller reporting company7
  • Legal formBusiness Corporation4
  • LEI2549004ASTNVLR8YWZ334
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o Prentice Hall Corp, 29169 West Columbia, United States4
  • Registered withBusiness Filings database (South Carolina Secretary of State), 001652064

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The Daily Court Journal - April 6, 1988
Photo: Emilio Aldea, Public domain, via Wikimedia Commons9

Daily Journal Corporation is an American publishing company and technology company headquartered in Los Angeles, California. The company has offices in the California cities of Corona, Oakland, Riverside, Sacramento, San Diego, San Francisco, San Jose, and Santa Ana, as well as in Denver, Colorado; Logan, Utah; Phoenix, Arizona; and Melbourne, Australia. Since being led by Charles T. Munger, its newspapers have focused greatly on reporting about the U.S. legal system.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.9%Operating margin6
127.9%Net margin6
25.4%Revenue growth, 20256
28.7%Return on equity6
$13.3MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

License and Maintenance brought in 36% of the revenue Daily Journal Corporation broke down this way in fiscal 2025.

  1. License and Maintenance$31.7M636%up 12% from 2024
  2. Consulting Fees$22.7M626%up 51% from 2024
  3. Service, Other$15.5M618%up 59% from 2024
  4. Advertising$10.1M611%up 8% from 2024
  5. Subscription and Circulation$4.3M65%down 4% from 2024
  6. Advertising Service Fees and Other$3.4M64%up 12% from 2024
Products and services by year
Products and services20242025
License and Maintenance$28.3M$31.7M
Consulting Fees$15.1M$22.7M
Service, Other$9.8M$15.5M
Advertising$9.3M$10.1M
Subscription and Circulation$4.5M$4.3M
Advertising Service Fees and Other$3.0M$3.4M

Business segments

Journal Technologies brought in 80% of the revenue Daily Journal Corporation broke down this way in fiscal 2025.

  1. Journal Technologies$69.9M680%up 32% from 2024
  2. Traditional Business$17.8M620%up 6% from 2024
Business segments by year
Business segments20242025
Journal Technologies$53.1M$69.9M
Traditional Business$16.8M$17.8M

Regions

Rest of the world brought in 50% of the revenue Daily Journal Corporation broke down this way in fiscal 2025.

  1. Rest of the world$11.9M650%
  2. Australia$10.1M642%
  3. CAMember$686.0K63%
  4. GU$674.0K63%
  5. MP$428.0K62%
Regions by year
Regions2025
Rest of the world$11.9M
Australia$10.1M
CAMember$686.0K
GU$674.0K
MP$428.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax25¢$38.0M
  • Profit75¢$112.1M

Out of $87.7M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$8.0K
  • Kept or used elsewhere100¢$13.3M

Out of $13.3M of cash from operations.6

Financial statements

Revenue1011121314156$87.7M in 2025+115% since 2018
0$25.0M$50.0M$75.0M$100.0M2018: $40.7M$40.7M20182019: $48.7M$48.7M2019+20%2020: $49.9M$49.9M2020+3%2021: $49.9M$49.9M2021−0%2022: $54.0M$54.0M2022+8%2023: $67.7M$67.7M2023+25%2024: $69.9M$69.9M2024+3%2025: $87.7M$87.7M2025+25%
Operating income1011121314156$9.5M in 2025
-$20.0M-$10.0M0$10.0M2018: -$14.1M-$14.1M20182019: -$18.2M-$18.2M2019+30%2020: -$1.3M-$1.3M2020−93%2021: $2.2M$2.2M20212022: $2.0M$2.0M2022−8%2023: $6.7M$6.7M2023+234%2024: $4.1M$4.1M2024−39%2025: $9.5M$9.5M2025+134%
Net income10111213156$112.1M in 2025+1267% since 2018
-$50.0M0$50.0M$100.0M$150.0M2018: $8.2M$8.2M20182019: -$25.2M-$25.2M20192020: $4.0M$4.0M20202021: $112.9M$112.9M2021+2694%2022: -$21.5M-$21.5M20222023: $21.5M$21.5M20232024: $78.1M$78.1M2024+264%2025: $112.1M$112.1M2025+44%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-09-302024-09-30
Revenues$87.7M$69.9M
Salaries and employee benefits$55.6M$47.2M
Stock-based compensation$140.0K$202.0K
Increase (decrease) to the long-term supplemental compensation accrual$1.8M-$495.0K
Agency commissions$1.3M$1.1M
Outside services$8.1M$7.2M
Postage and delivery expenses$774.0K$752.0K
Newsprint and printing expenses$639.0K$669.0K
Equipment maintenance and software$1.5M$1.6M
Credit card merchant discount fees$2.3M$2.2M
Accounting and legal fees$1.4M$1.0M
Other general and administrative expenses$4.7M$4.4M
Total operating expenses$78.2M$65.9M
Income from operations$9.5M$4.1M
Dividends and interest income$7.5M$7.1M
Net realized and unrealized gains on marketable securities$134.3M$96.1M
Net unrealized (losses) gains on non-qualified compensation plan$64.0K$47.0K
Other income$113.0K$4.0K
Income before taxes$150.1M$104.3M
Income tax provision-$38.0M-$26.2M
Net income$112.1M$78.1M
Weighted average number of common shares outstanding basic (in shares)1.4M shares1.4M shares
Basic net income per share (in dollars per share)$81.41$56.73
Weighted average number of common shares outstanding diluted (in shares)1.4M shares1.4M shares
Diluted net income per share (in dollars per share)$81.41$56.73

Compare Daily Journal Corporation with another company

Corporate structure

Daily Journal Corporation sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Daily Journal Corporation

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Daily Journal Corporation, latest Mar 26, 2026 (4 filings since Nov 4, 2024)
  • Peter D. Kaufman Filed SCHEDULE 13D/A on Daily Journal Corporation, latest Mar 10, 2026 (2 filings since Jan 16, 2026)
  • RWWM, Inc. Filed SCHEDULE 13G/A on Daily Journal Corporation, latest Feb 17, 2026 (6 filings since Feb 9, 2022)
  • BlackRock Filed SC 13G/A on Daily Journal Corporation, latest Jan 29, 2024 (3 filings since Feb 1, 2022)
  • Daily Journal Corporation Los Angeles, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Daily Journal Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$1.5M15 Sep 30, 2024$1.5M15 Sep 30, 20230%
Property and equipment, before depreciation$19.6M6 Sep 30, 2025$19.8M6 Sep 30, 2024−0.9%
Accumulated depreciation$10.7M6 Sep 30, 2025$10.5M6 Sep 30, 2024+1.4%
Property and equipment, net$8.9M6 Sep 30, 2025$9.3M6 Sep 30, 2024−3.6%
Operating-lease assets (leased space)$37.0K6 Sep 30, 2025$126.0K6 Sep 30, 2024−70.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.6M6 Sep 30, 2025$13.0M6 Sep 30, 2024+58.4%
Marketable securities, current$493.0M6 Sep 30, 2025$358.7M6 Sep 30, 2024+37.4%
Equity securities at fair value$358.7M15 Sep 30, 2024$303.1M15 Sep 30, 2023+18.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$15.0K15 Sep 30, 2024$72.0K15 Sep 30, 2023−79.2%

Properties, in its own words

The main Los Angeles property is comprised of a two-story, 34,000 square foot building constructed in 1990, which is occupied by the Company. Approximately 75% of the building is devoted to office space and the remainder to printing and production equipment and facilities. In 2003, the Company finished building an adjacent 37,000 square foot building and parking facilities on properties it acquired in 1996 and 1998. This building provides additional office, production and storage space. Since so many Journal Technologies employees are working remotely from home post-COVID or at clients’ sites, the Company prefers to consolidate the two offices into one and will continue to seek to either sell or lease out the adjacent building.

In November 2015, the Company purchased a 30,700 square foot office building constructed in 1998 on approximately 3.6 acres in Logan, Utah that had been previously leased for Journal Technologies. This office is also currently underutilized and, therefore, a lease to a third party or other approach may be considered at some point in the future.

Item 2 of the 10-K filed Dec 29, 2025.18

Leadership

Who has led Daily Journal Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gerald L. Salzman2020
  2. Steven Myhill-Jones2024–now

Chair

  1. Charlie Munger2010

Chief financial officer

  1. Erik Nakamura2026–now
1990200020102020
Board members and other officers (7)

Products and brands

Publishing business

The original newspaper, The Daily Court Journal (Los Angeles), began publication in 1888. Charles T. Munger, who was also vice chairman of Berkshire Hathaway, purchased the paper in 1977; through a series of acquisitions and organic growth, Munger built it into a group of newspapers and websites that provide information on the legal industry, real estate and general business. The company publishes ten newspapers in California and Arizona. Its largest publications are the Los Angeles Daily Journal and the San Francisco Daily Journal.

The Daily Journal newspapers have won numerous awards for its journalism, with the Los Angeles Press Club in 2003 noting that the Los Angeles Daily Journal was "the most award-winning newspaper in Los Angeles with the sole exception of the Los Angeles Times."

Newspapers

Advertising and newspaper representative

The Daily Journal's publications carry commercial advertising, and most also contain public notice advertising. Commercial advertising consists of display and classified advertising and the employment advertising marketplace. Public notice advertising consists of many types of legal notices required by law to be published in an adjudicated newspaper of general circulation, including notices of death, fictitious business names, trustee sale notices, individual name changes and notices of governmental hearings. The major types of public notice advertisers are real estate–related businesses and trustees, governmental agencies, attorneys and businesses or individuals filing fictitious business name statements.

Read the full text

A fictitious business name web site, www.DBAstore.com, enables individuals to send their statements to the company for filing and publication. www.LegalAdStore.com, enables attorneys and individuals to send probate, civil, corporate, public sale and other types of public notices to the company. www.CaPublicnotices.com displays Public Notices for different communities throughout the state.

California Newspaper Service Bureau

"CNSB", a division of the company, is a statewide newspaper representative specializing since 1934 in public notice advertising. CNSB places public notices and other forms of advertising with adjudicated newspapers of general circulation elsewhere in the state beyond The Daily Journal.

Technology business

Journal Technologies, Inc. is a wholly owned subsidiary of the company. It consists of the combined operations of Sustain Technologies, Inc., established in the mid-1980s and acquired by the Daily Journal Corporation in 1999; New Dawn Technologies, Inc., acquired in 2012; and ISD Technologies, Inc., acquired in 2013.

Journal Technologies makes software for trial and appellate courts and agencies related to court systems, including prosecutorial agencies, public defenders, probation departments and pretrial offices, throughout the United States, Canada and Australia.

Journal Technologies has established itself in the market with a browser-based case management system that is a configurable business processing engine as the centerpiece for document management and e-filing.

From Wikipedia’s article on Daily Journal Corporation, shared under CC BY-SA 4.0.8

Timeline

  1. Oct 15, 20268-K Other events28
  2. Sep 11, 20268-K Bylaws or fiscal year changed; Shareholder vote; Other events29
  3. Aug 12, 20268-K Results of operations30
  4. May 14, 20268-K Results of operations31
  5. Feb 25, 20268-K Shareholder vote32
  6. Feb 17, 20268-K Results of operations33
  7. Feb 5, 20268-K Other events34
  8. Dec 29, 20258-K Results of operations35
  9. Dec 29, 20258-K Other events36
  10. Dec 16, 20258-K Executive or director change37
  11. Oct 29, 20258-K Executive or director change38
  12. Aug 14, 20258-K Other events39
  13. Dec 16, 2024New chief executive Steven Myhill-Jones becomes CEO19
  14. Jun 10, 2020New chief executive Gerald L. Salzman becomes CEO20
  15. Apr 13, 1992Went public Listed on NASDAQ1
  16. 1986Founded Founded1

Calendar

Coming up

  1. Around Nov 10, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results30
  2. May 14, 2026Reported quarterly or annual results31
  3. Feb 17, 2026Reported quarterly or annual results33
  4. Dec 29, 2025Reported quarterly or annual results35

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

105 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 23 major events, 11 insider forms, 15 large holders, 36 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Sep 11, 20268-K EDGAR
  3. Aug 12, 202610-Q EDGAR
  4. Aug 12, 20268-K EDGAR
  5. Jul 30, 2026DEF 14A EDGAR
  6. Jul 20, 2026PRE 14A EDGAR
  7. Jul 16, 202613F-HR EDGAR
  8. May 14, 202610-Q EDGAR
  9. May 14, 20268-K EDGAR
  10. Apr 15, 202613F-HR EDGAR
  11. Mar 26, 2026SCHEDULE 13G/A EDGAR
  12. Mar 10, 2026SCHEDULE 13D/A EDGAR
  13. Feb 25, 20268-K EDGAR
  14. Feb 17, 2026SCHEDULE 13G/A EDGAR
  15. Feb 17, 202610-Q EDGAR
  16. Feb 17, 20268-K EDGAR
  17. Feb 5, 20268-K EDGAR
  18. Jan 21, 2026DEFA14A EDGAR
  19. Jan 21, 2026DEFC14A EDGAR
  20. Jan 21, 2026ARS EDGAR

The 105 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Rwwm, Inc.354,295$213.0M15.7%−6,265
BlackRock, Inc.105,626$63.5M0.0%+11,463
AltraVue Capital, LLC48,316$29.0M2.1%−2,170
Vanguard Portfolio Management LLC42,090$25.3M0.0%+1,897
Vanguard Capital Management LLC41,755$25.1M0.0%+1,983
Dimensional Fund Advisors LP41,557$25.0M0.0%+6,711
Advisory Research Inc41,510$25.0M2.5%−363
HighTower Advisors, LLC41,329$24.8M0.0%−9
State Street Corp35,453$21.3M0.0%+2,854
Geode Capital Management, LLC32,884$19.8M0.0%+2,820
Bnp Paribas Financial Markets26,170$15.7M0.0%−10,950
Renaissance Technologies LLC15,091$9.1M0.0%+1,720
Northern Trust Corp13,071$7.9M0.0%+975
Legato Capital Management LLC10,679$6.4M0.5%No change
New York State Common Retirement Fund10,160$6.1M0.0%No change
D. E. Shaw & Co., Inc.10,155$6.1M0.0%−5,942
Principal Financial Group Inc9,425$5.7M0.0%+781
Morgan Stanley9,340$5.6M0.0%+4,973
Charles Schwab Investment Management Inc8,798$5.3M0.0%+465
UBS Group AG7,512$4.5M0.0%−862
Susquehanna Fundamental Investments, LLC7,138$4.3M0.1%−40
Millennium Management LLC7,018$4.2M0.0%−7,810
Vanguard Fiduciary Trust Co6,413$3.9M0.0%−156
Wilmington Savings Fund Society, FSB6,400$3.8M0.1%No change
Goldman Sachs Group Inc6,180$3.7M0.0%−3,065

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Daily Journal Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDAILY JOURNAL CORP2
  • CIK0000783412
  • Employer ID (EIN)95-413329918
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company18
  • Incorporated inSouth Carolina18
  • Fiscal year endsSeptember 302
  • Industry code (SIC)2711 Newspapers: Publishing or Publishing & Printing2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address915 East First Street, Los Angeles, CA 900122
  • Phone21322953002
  • Shares outstanding1,377,952 as of Aug 7, 202617
  • Public float$547.8M as of Mar 31, 202518
  • AuditorBaker Tilly US, LLP, Irvine, California PCAOB ID 23; no auditor attestation of internal control over financial reporting18
  • On EDGAR sinceMay 10, 19952
  • Filings453 in all: 10-Q (95), 4 (80), 8-K (56), 13F-HR (51), DEF 14A (32), SC 13G/A (26), 10-K (24), CORRESP (11)2
    All 31 form types

    UPLOAD (11), 10-K405 (7), 3 (6), NT 10-Q (6), SC 13D/A (6), SC 13G (5), SCHEDULE 13G/A (5), 10-Q/A (4), PRE 14A (4), 5 (3), SC 13D (3), 13F-HR/A (2), 8-K/A (2), ARS (2), DEFA14A (2), NT 10-K (2), SCHEDULE 13D/A (2), 10-K405/A (1), DEFC14A (1), DEFR14A (1), PREC14A (1), PRER14A (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Dec 29, 2025
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Jul 30, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common StockDJCONasdaq

From the cover page of the 10-K filed Dec 29, 2025 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Daily Journal Corporation names in Item 1A of its 10-K filed Dec 29, 2025: 17 risks under these headings, as written.18

  • Risks Associated with the Maturation of Artificial Intelligence (AI) Technologies
  • The Company’s business may be materially affected--either positively or negatively--by the emergence of disruptive new technologies or approaches enabled by the rapid pace of innovation unfolding in the artificial intelligence space.
  • Risks Associated with the Traditional Business
  • Changes in the legal requirement to publish public notice advertising or in the legal ability of our newspapers to publish those notices would have a significant adverse impact on the Traditional Business.
  • The Traditional Business faces strong competition in each of its markets.
  • The Traditional Business continues to experience challenges in maintaining its commercial advertising and circulation revenues, particularly due to the growth of Internet sites.
  • The Traditional Business is exposed to risks associated with fluctuations in postage and paper costs.
  • We expect the Traditional Business to continue to suffer from significant secular decline.
  • Risks Associated with Journal Technologies
  • The success of Journal Technologies depends in large part on the technological update and upgrade of its software products.
  • Journal Technologies faces significant competition from other case management software vendors.
  • The customers of Journal Technologies are public sector entities, thus creating unique issues and risks.
The other 8 risks
  • Journal Technologies generally recognizes revenues for software installations only upon completion of the applicable services and customer acceptance of the software system.
  • The end-of-life process for legacy products and customer transitions to new products must be handled effectively.
  • Risks Associated with Our Holdings of Marketable Securities
  • A large portion of the Company’s assets are held in publicly traded securities, and the prices of those securities may decline.
  • The irreplaceable manager of our marketable securities portfolio passed away in November 2023.
  • The Company may be subject to fluctuations in foreign currency rates for marketable securities that are not denominated in the United States Dollar.
  • General Corporate Risks
  • Changes in accounting guidance could have a significant effect on the Company’s reported financial results.
  • A third party has initiated a campaign against the Company that may include a proxy contest and litigation, which could be expensive and further divert the attention of management and the Board from the Company’s operations.
  • We cannot be sure that customer information and systems are fully protected against security breaches.
  • Risks Related to Our Internal Control Over Financial Reporting

Legal proceedings

From time to time, the Company is subject to litigation arising in the normal course of its business. While it is not possible to predict the results of such litigation, management does not believe the ultimate outcome of these types of matters will have a material adverse effect on the Company’s financial position or results of operations or cash flows.

The opening of Item 3, Legal Proceedings.18

Sources

The numbers on this page point here. Each one links to the record it came from.

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  28. 28
    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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