DJCO
Daily Journal Corporation519.51
+13.06+2.58%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
715.59MP/E (TTM)
7.40Basic EPS (TTM)
70.22Dividend Yield
0%Recent Filings
8-K
8-K
CFO Tu To to retire January 2026
Daily Journal Corporation announced on October 27, 2025, that CFO Tu To will retire effective January 15, 2026, after 42 years with the firm, including nearly four as CFO. She'll transition out by year-end or the retirement date, securing a $175,000 lump-sum pay adjustment, $40,000 FY2025 bonus, up to $75,000 in milestone bonuses tied to the financial system conversion, and benefits through April 2027. Her unit certificates vest as if she's 65. Smooth handover preserves continuity amid the tech upgrade.
10-Q
Q3 FY2025 results
Daily Journal's Q3 FY2025 revenues climbed 34% y/y to $23.4M, propelled by Journal Technologies' 42% surge to $18.5M from consulting and e-filing fees, while Traditional Business edged up 10% to $4.9M on stronger advertising. Operating income tripled to $3.2M, but net income dipped 38% y/y to $14.4M ($10.47/share) amid softer unrealized securities gains of $11.5M versus $28.0M last year—yet YTD net income soared 36% to $70.0M ($50.81/share), aligning with 1,377,426 diluted shares. Cash from operations hit $8.8M YTD, bolstering $18.7M cash and $443.0M securities against $25.0M margin debt at 5%. No capex disclosed. Securities portfolio volatility poses risks.
8-K
Rebuts misguided accounting demands
Daily Journal Corporation rebutted claims from investment adviser Buxton Helmsley USA, Inc., which alleged improper expensing of software development costs under ASC 985-20 and demanded 15% of any resulting stock appreciation. The company, after review by its Audit Committee and experts, affirmed its accounting complies with ASC 950-20 for external-use software, unlike SaaS peers using ASC 350-40. Mr. Parker erred badly. This defense shields shareholders from unfounded attacks, allowing focus on core operations.
8-K
Parker demands board seats, equity
Daily Journal Corporation disclosed a series of aggressive letters from Alexander E. Parker of Buxton Helmsley USA, Inc., starting July 14, 2025, urging the company to capitalize software development costs under ASC 985-20 to unlock over $160 million in equity value, while demanding $24 million in equity compensation and two board seats. The firm, unregistered with the SEC or FINRA, escalated with threats of SEC reporting and calls for CEO and CFO resignations after the audit committee opted for an independent accounting review instead. The company stands by its decade-long expensing practice, vetted by multiple auditors, dismissing Parker's tactics as self-serving. Shareholders dodged a bullet.
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