# EDGAR Filing Document

**Accession Number:** 0000783412
**File Stem:** 0001437749-25-038840
**Filing Date:** 2025-12
**Character Count:** 14190
**Document Hash:** 729f00d1c35cc82bbf74ba45caeaba73
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-038840.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001437749-25-038840

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251229

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DAILY JOURNAL CORP
- **CENTRAL INDEX KEY:** 0000783412
- **STANDARD INDUSTRIAL CLASSIFICATION:** NEWSPAPERS:  PUBLISHING OR PUBLISHING & PRINTING [2711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 954133299
- **STATE OF INCORPORATION:** SC
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-14665
- **FILM NUMBER:** 251609595

**BUSINESS ADDRESS:**
- **STREET 1:** 915 EAST FIRST STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90012
- **BUSINESS PHONE:** 2132295300

**MAIL ADDRESS:**
- **STREET 1:** 915 EAST FIRST STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90012

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAILY JOURNAL CO
- **DATE OF NAME CHANGE:** 19870427

?xml version='1.0' encoding='ASCII'? djco20251229_8k.htm

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549**

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**FORM 8-K**

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**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d)**

**of** 

**The Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): **December 29, 2025**

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**DAILY JOURNAL CORPORATION**

(Exact Name of Registrant as Specified in Its Charter)

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**South Carolina**

(State or Other Jurisdiction of Incorporation)

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| | |
|:---|:---|
| **<u>0-14665</u>** | **<u>95-4133299</u>** |
| (Commission File Number) | (IRS Employer Identification No.) |
| **915 E. First Street** |  |
| **<u>Los Angeles, CA</u>** | **<u>90012</u>** |
| (Address of Principal Executive Offices) | (Zip Code) |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**(<u>213) 229-5300</u>**

(Registrant's Telephone Number, Including Area Code)

**Not Applicable**

(Former Name or Former Address, if Changed Since Last Report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

☐ Pre - commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

☐ Pre - commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $.01 per share | DJCO | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.**

On December 29, 2025, Daily Journal Corporation (the "Company") announced its financial results for the fiscal year ended September 30, 2025 and provided recent business highlights. A copy of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in Item 2.02 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such filing.

**Item 9.01**&nbsp;&nbsp;&nbsp;&nbsp; **Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press release issued by Daily Journal Corporation dated December 29, 2025](ex_902817.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**[SIGNATURE PAGE FOLLOWS]**

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
|  | DAILY JOURNAL CORPORATION |
| Dated: December 29, 2025 | By: /s/ Steven Myhill-Jones |
|  | Steven Myhill-Jones<br> Chairman of the Board and Chief Executive Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**Daily Journal Corporation Announces Fiscal Year 2025 Financial Results**

*Fiscal Year 2025 Achieves Annual Revenue of $87.7 Million,*

*Reflecting a 25% Increase Year Over Year*

**LOS ANGELES, Calif.** – ****December 29, 2025 – Daily Journal Corporation (Nasdaq: DJCO), a publishing and technology company, today announced financial results for the fiscal year ended September 30, 2025. Total consolidated revenue for fiscal year 2025 was $87.7 million, representing a 25% increase from the $69.9 million reported in fiscal year 2024, driven primarily by growth at Journal Technologies.

"Fiscal year 2025 was an exceptional year for Daily Journal Corporation, highlighted by record revenue and continued momentum at Journal Technologies," said Steven Myhill-Jones, Chairman of the Board and Chief Executive Officer of Daily Journal Corporation. "Journal Technologies delivered strong growth across consulting, e-filing and other public service fees, and recurring license and maintenance revenues, as we continued investing in modernization and implementation capacity. While some of this year's profitability benefited from contract timing and revenue recognition dynamics, we remain focused on expanding recurring revenue, maintaining low churn, and building long-term client relationships. We also see a blue ocean opportunity in the courts and justice agency sector for a company that consistently raises the bar, and we believe we are well positioned to create durable value over time."

**Financial Highlights:**

● Traditional Business reported advertising and circulation revenues of $17.8 million, reflecting a 6% increase over the $16.8 million in fiscal year 2024.

● Journal Technologies reported revenue of $69.9 million for fiscal year 2025, marking a 32% increase over the $53.1 million recorded in fiscal year 2024. This growth was primarily driven by consulting fees, which rose by $7.6 million (51%), other public service fees, which increased by $5.7 million (59%), and license and maintenance fees, which grew by $3.5 million (12%).

● Operating income for fiscal year 2025 was $9.5 million, or 10.9% of revenue, compared to $4.1 million, or 5.8% of revenue in fiscal year 2024.

● Net income for fiscal year 2025 was $112.1 million, or $81.41 per diluted share, an increase of $34.0 million (44%) as compared to net income of $78.1 million, or $56.73 per diluted share, in fiscal year 2024.

● The Company generated $13.3 million in operating cash flow during fiscal year 2025.

● As of September 30, 2025, the Company's marketable securities had a total fair market value of $493.0 million, including pretax unrealized gains of approximately $134.3 million for the twelve months ended September 30, 2025, and accumulated pretax unrealized gains of $353.9 million.

● The Traditional Business continued to optimize its digital publishing operations, expanding online content offerings and streamlining workflows in response to evolving market demands.

● Journal Technologies expanded its client base by securing 17 multi-year contracts with courts and government agencies.

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**About Daily Journal Corporation**

Daily Journal Corporation, based in Los Angeles, publishes news for California and Arizona, produces specialized publications, and handles public notice advertising. Its subsidiary, Journal Technologies, Inc., provides case management software to courts, justice agencies, and government organizations across about 37 states and internationally, supporting electronic case management and related online services like e-filing and fee payments.

**Forward-looking Statements**

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements contained in this press release are "forward-looking" statements that involve risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements. Words such as "expects," "intends," "anticipates," "should," "believes," "will," "plans," "estimates," "may," variations of such words and similar expressions are intended to identify such forward-looking statements. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in documents we file with the Securities and Exchange Commission.

**For further information please contact us at:**

<u>ir@dailyjournal.com</u>

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**DAILY JOURNAL CORPORATION**

**CONSOLIDATED BALANCE SHEETS**

*(In thousands except share amounts)*

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| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **September 30, 2024** |
| **ASSETS** |  |  |
| Current assets: |  |  |
| Cash and cash equivalents | $20569 | $12986 |
| Restricted cash | 2269 | 2191 |
| Non-qualified deferred compensation plan – trust account asset value | 1385 | 748 |
| Marketable securities at fair value | 492995 | 358691 |
| Accounts receivable, net | 21011 | 19219 |
| Prepaid expenses and other current assets | 959 | 660 |
| Total current assets | 539188 | 394495 |
| Property and equipment, net | 8930 | 9268 |
| Total assets | $548118 | $403763 |
| **LIABILITIES AND STOCKHOLDERS**' **EQUITY** |  |  |
| Current liabilities: |  |  |
| Accounts payable | $7071 | $6049 |
| Accrued liabilities | 12518 | 8517 |
| Note payable collateralized by real estate | 169 | 164 |
| Income taxes | 879 |  |
| Deferred subscriptions | 2474 | 2558 |
| Deferred consulting fees | 1747 | 2031 |
| Deferred maintenance agreements and others | 13948 | 19124 |
| Total current liabilities | 38806 | 38443 |
| Investment margin account borrowings | 22000 | 27500 |
| Long-term note payable collateralized by real estate | 787 | 956 |
| Long-term deferred maintenance agreements | 994 | 883 |
| Long-term accrued liabilities | 5547 | 3772 |
| Accrued non-qualified deferred compensation | 1590 | 784 |
| Deferred income taxes | 87333 | 52641 |
| Total liabilities | 157057 | 124979 |
| Commitments and contingencies (Note 9) |  |  |
| **Stockholders**' **Equity** |  |  |
| 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 | 14 |
| Additional paid-in capital | 2097 | 1957 |
| Retained earnings | 388950 | 276813 |
| Total stockholders' equity | 391061 | 278784 |
| Total liabilities and stockholders' equity | $548118 | $403763 |

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**DAILY JOURNAL CORPORATION**

**CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME**

*(in thousands, except share and per share amounts)*

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| | | |
|:---|:---|:---|
|  | **September 30, 2025** | **September 30, 2024** |
| Revenues |  |  |
| Advertising | $10081 | $9325 |
| Circulation | 4269 | 4462 |
| Advertising service fees and other | 3412 | 3039 |
| Licensing and maintenance fees | 31720 | 28265 |
| Consulting fees | 22735 | 15086 |
| Other public service fees | 15483 | 9754 |
| Total revenues | 87700 | 69931 |
| Operating expenses: |  |  |
| Salaries and employee benefits | 51551 | 47178 |
| Stock-based compensation | 140 | 202 |
| Increase (decrease) to the long-term supplemental compensation accrual | 1775 | (495) |
| Agency commissions | 1277 | 1146 |
| Outside services | 8087 | 7151 |
| Postage and delivery expenses | 774 | 752 |
| Newsprint and printing expenses | 639 | 669 |
| Equipment maintenance and software | 1542 | 1574 |
| Credit card merchant discount fees | 2308 | 2237 |
| Accounting and legal fees | 1392 | 1026 |
| Other general and administrative expenses | 4687 | 4421 |
| Total operating expenses | 78172 | 65861 |
| Income from operations | 9528 | 4070 |
| Other income (expenses) |  |  |
| Dividends and interest income | 7459 | 7102 |
| Net realized and unrealized gains on marketable securities | 134304 | 96142 |
| Net unrealized (losses) gains on non-qualified compensation plan | 64 | 47 |
| Interest expense | (1381) | (3087) |
| Other income | 113 | 4 |
| Income before taxes | 150087 | 104278 |
| Income tax provision | (37950) | (26165) |
| Net income and comprehensive income | $112137 | $78113 |
| Weighted average number of common shares outstanding – basic | 1377426 | 1377026 |
| Basic net income per share | $81.41 | $56.73 |
| Weighted average number of common shares outstanding – diluted | 1377503 | 1377026 |
| Diluted net income per share | $81.41 | $56.73 |

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