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.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 19, 2026.
Overview
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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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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
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.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| 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.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| 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.
Regions by year
| Regions | 2025 |
|---|---|
| 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
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| 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 shares | 1.4M 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 shares | 1.4M shares |
| Diluted net income per share (in dollars per share) | $81.41 | $56.73 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-09-30 | 2024-09-30 | 2023-12-31 | 2023-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $20.6M | $13.0M | $20.8M | |
| Restricted cash | $2.3M | $2.2M | ||
| Non-qualified deferred compensation plan trust account asset value | $1.4M | $748.0K | ||
| Marketable securities at fair value | $493.0M | $358.7M | ||
| Accounts receivable, net | $21.0M | $19.2M | ||
| Prepaid expenses and other current assets | $959.0K | $660.0K | ||
| Total current assets | $539.2M | $394.5M | ||
| Property, plant, and equipment, net | $8.9M | $9.3M | ||
| Total assets | $548.1M | $403.8M | ||
| Accounts payable | $7.1M | $6.0M | ||
| Accrued liabilities | $12.5M | $8.5M | ||
| Note payable collateralized by real estate | $169.0K | $164.0K | ||
| Income taxes | $879.0K | $0 | ||
| Contract with Customer, Liability, Current | $18.7M | $23.7M | $25.5M | |
| Total current liabilities | $38.8M | $38.4M | ||
| Investment margin account borrowings | $22.0M | $27.5M | ||
| Long-term note payable collateralized by real estate | $787.0K | $956.0K | ||
| Long-term deferred maintenance agreements | $994.0K | $883.0K | $1.0M | |
| Long-term accrued liabilities | $5.5M | $3.8M | ||
| Accrued non-qualified deferred compensation | $1.6M | $784.0K | ||
| Deferred income taxes | $87.3M | $52.6M | ||
| Total liabilities | $157.1M | $125.0M | ||
| 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 | $14.0K | $14.0K | ||
| Additional paid-in capital | $2.1M | $2.0M | ||
| Retained earnings | $388.9M | $276.8M | ||
| Total stockholders equity | $391.1M | $278.8M | $200.5M | |
| Total liabilities and stockholders equity | $548.1M | $403.8M | ||
| Common Stock, Par or Stated Value Per Share (in dollars per share) | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized (in shares) | 5.0M shares | 5.0M shares | ||
| Common Stock, Shares, Issued (in shares) | 1.8M shares | 1.8M shares | ||
| Common Stock, Shares, Outstanding (in shares) | 1.8M shares | 1.8M shares | ||
| Treasury Stock, Common, Shares (in shares) | 427.6K shares | 427.6K shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-12-31 | 2023-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $20.6M | $13.0M | $20.8M | |
| Restricted cash | $2.3M | $2.2M | ||
| Non-qualified deferred compensation plan trust account asset value | $1.4M | $748.0K | ||
| Marketable securities at fair value | $493.0M | $358.7M | ||
| Accounts receivable, net | $21.0M | $19.2M | ||
| Prepaid expenses and other current assets | $959.0K | $660.0K | ||
| Total current assets | $539.2M | $394.5M | ||
| Property, plant, and equipment, net | $8.9M | $9.3M | ||
| Total assets | $548.1M | $403.8M | ||
| Accounts payable | $7.1M | $6.0M | ||
| Accrued liabilities | $12.5M | $8.5M | ||
| Note payable collateralized by real estate | $169.0K | $164.0K | ||
| Income taxes | $879.0K | $0 | ||
| Contract with Customer, Liability, Current | $18.7M | $23.7M | $25.5M | |
| Total current liabilities | $38.8M | $38.4M | ||
| Investment margin account borrowings | $22.0M | $27.5M | ||
| Long-term note payable collateralized by real estate | $787.0K | $956.0K | ||
| Long-term deferred maintenance agreements | $994.0K | $883.0K | $1.0M | |
| Long-term accrued liabilities | $5.5M | $3.8M | ||
| Accrued non-qualified deferred compensation | $1.6M | $784.0K | ||
| Deferred income taxes | $87.3M | $52.6M | ||
| Total liabilities | $157.1M | $125.0M | ||
| 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 | $14.0K | $14.0K | ||
| Additional paid-in capital | $2.1M | $2.0M | ||
| Retained earnings | $388.9M | $276.8M | ||
| Total stockholders equity | $391.1M | $278.8M | $200.5M | |
| Total liabilities and stockholders equity | $548.1M | $403.8M | ||
| Common Stock, Par or Stated Value Per Share (in dollars per share) | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized (in shares) | 5.0M shares | 5.0M shares | ||
| Common Stock, Shares, Issued (in shares) | 1.8M shares | 1.8M shares | ||
| Common Stock, Shares, Outstanding (in shares) | 1.8M shares | 1.8M shares | ||
| Treasury Stock, Common, Shares (in shares) | 427.6K shares | 427.6K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net income | $112.1M | $78.1M |
| Stock-based compensation | $140.0K | $202.0K |
| Depreciation and amortization | $257.0K | $267.0K |
| Gains on sales of capital assets | $0 | -$4.0K |
| Net realized and unrealized gains on marketable securities | -$134.3M | -$96.1M |
| Deferred income taxes | $34.7M | $22.0M |
| Accounts receivable, net | -$1.8M | -$532.0K |
| Prepaid expenses and other assets | -$210.0K | -$239.0K |
| Accounts payable | $1.0M | -$594.0K |
| Accrued liabilities, including non-qualified deferred compensation | $5.9M | -$190.0K |
| Income tax payable | $879.0K | -$1.1M |
| Net cash provided (used in) by operating activities | $13.3M | -$89.0K |
| Proceeds from sales of marketable securities | $0 | $40.6M |
| Proceeds on sales of capital assets | $0 | $4.0K |
| Purchases of property, plant and equipment, net | -$8.0K | -$49.0K |
| Net cash (used in) provided by investing activities | -$8.0K | $40.5M |
| Payments to margin loan borrowing | -$5.5M | -$47.5M |
| Payments of real estate loan principal | -$164.0K | -$158.0K |
| Net cash used in financing activities | -$5.7M | -$47.7M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $7.7M | -$7.2M |
| Interest paid during year | $1.4M | $3.0M |
| Income taxes paid during year | $2.3M | $5.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Daily Journal Corporation, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
- Chief executive officerSteven Myhill-Jones Dec 16, 2024 to now18
- Chief executive officerGerald L. Salzman Jun 10, 2020 to Dec 22, 202019
- ChairCharlie Munger Nov 15, 2010 to Nov 15, 201020
- Chief financial officerErik Nakamura Jan 12, 2026 to now21
Board members and other officers (7)
- Board memberRasool Rayani Jan 8, 2026 to now22
- Board memberJohn B. Frank Oct 3, 2025 to now23
- Board memberSteven Myhill-Jones Dec 16, 2024 to now18
- Board memberCharlie Munger Jun 17, 2022 to Jun 17, 202224
- Board memberMary Conlin Jan 20, 2021 to Jan 20, 202125
- Board memberGerald L. Salzman Jun 10, 2020 to Dec 22, 202019
- Board memberJohn Patrick Et Al Guerin Dec 26, 2007 to Jan 3, 202026
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
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:
- Oct 15, 20268-K EDGAR
- Sep 11, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 12, 20268-K EDGAR
- Jul 30, 2026DEF 14A EDGAR
- Jul 20, 2026PRE 14A EDGAR
- Jul 16, 202613F-HR EDGAR
- May 14, 202610-Q EDGAR
- May 14, 20268-K EDGAR
- Apr 15, 202613F-HR EDGAR
- Mar 26, 2026SCHEDULE 13G/A EDGAR
- Mar 10, 2026SCHEDULE 13D/A EDGAR
- Feb 25, 20268-K EDGAR
- Feb 17, 2026SCHEDULE 13G/A EDGAR
- Feb 17, 202610-Q EDGAR
- Feb 17, 20268-K EDGAR
- Feb 5, 20268-K EDGAR
- Jan 21, 2026DEFA14A EDGAR
- Jan 21, 2026DEFC14A EDGAR
- 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.
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Nov 4, 2024 to Mar 26, 202627
- Peter D. KaufmanSCHEDULE 13D/A, 2 filings Jan 16, 2026 to Mar 10, 202628
- RWWM, Inc.SCHEDULE 13G/A, 6 filings Feb 9, 2022 to Feb 17, 202629
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.
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.dailyjournal.com1
- X (Twitter)x.com/ladailyjournal1
- WikipediaDaily Journal Corporation
- WikidataQ5209286
- SEC EDGARCIK 783412
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9Wikimedia CommonsDaily Journal Corporation photo by Emilio Aldea, Public domain
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- 20SEC EDGARCharlie Munger, Chair
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- 22SEC EDGARRasool Rayani, Board member
- 23SEC EDGARJohn B. Frank, Board member
- 24SEC EDGARCharlie Munger, Board member
- 25SEC EDGARMary Conlin, Board member
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