DAILY JOURNAL CORP — Form 8-K
Filed August 12, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
Daily Journal reported Q3 FY2026 revenue of $27.0M (+15.3% YoY) and 9-month revenue of $69.2M (+16.8% YoY), driven by Journal Technologies (the software subsidiary) which grew 19.5% to $22.1M in Q3 and 21% to $55.6M for nine months. Operating income improved materially: $5.3M in Q3 (vs. $3.2M prior year) and $8.7M for nine months (vs. $4.9M prior year). However, net losses of $10.9M in Q3 and $53.5M for nine months were driven by unrealized losses on the $406M investment portfolio ($24.1M and $87.0M mark-to-market losses, respectively), masking solid underlying operating performance.
Why this rating
Core operating business growing well (19-21% at Journal Tech), but $87M portfolio loss dwarfs $8.7M operating income. For a $548M company, the 17% revenue growth and improved operating leverage are moderate positives; the investment losses are mark-to-market noise, not operational. Event is routine quarterly disclosure with no structural change.
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