DJCO
Daily Journal CorporationTechnology·Software - Application
$517.12
$712M market cap
Revenue
$70.7M
Free Cash Flow
$6.7M
Rev Growth
+0.0%
FCF Margin
9.4%
P/FCF
107.0x
EV/FCF
42.5x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Daily Journal Corporation publishes newspapers and websites covering in California, Arizona, and Utah. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, The Daily Transcript, Business Journal, and The Record Reporter. It also provides special
2-Year Price History
$473.28+29.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q2 | 22.7 | 3.0 | 3.0 | -34.6 | 4.1 | 4.1 | -0.0 | 450.7 | 20.9 | 1.4 | 11.8% | 14.6x | -- |
| Act | 2026-Q1 | 19.5 | 0.5 | 0.5 | -8.0 | -1.9 | -2.0 | -0.0 | 497.9 | 20.9 | 1.4 | 1.4% | 2.1x | -- |
| Act | 2025-Q4 | 28.4 | 56.1 | 4.6 | 42.2 | 4.5 | 4.5 | -0.0 | 513.6 | 23.0 | 1.4 | 8.0% | 184.4x | -- |
Valuation & Metrics
Market Stats
Price$517.12
Market Cap$712M
Enterprise Value$283M
P/S Ratio10.1x
P/FCF107.0x
EV/FCF42.5x
FCF Margin (TTM)9.4%
FCF Yield0.9%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$70.7M
Net Income$-0.5M
Free Cash Flow$6.7M
Revenue Growth (YoY)+0.0%
EBITDA Margin84.4%
Net Margin-0.7%
FCF Margin9.4%
CapEx % of Revenue0.0%
SBC % of Revenue0.1%
ROIC7.0%
WC Change % Rev11.4%
Interest Coverage169.9x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.2M
Days to Cover4.2
Change (vs Prior)-8.9%
Need at least 2 settlement dates for chart
Employees
Headcount400
Revenue / Employee$176,673
Gross Profit / Employee$69,545
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
58.9%(+21.7% YoY)
118 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
21.9%(+3.4% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
1.7%(+1.5% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| RWWM, Inc. | $174M | $347.72 | −$3.5M | +$16.9M | -0.8% | $1.37B |
| BlackRock, Inc.Passive | $45.4M | $489.38 | −$1.8M | −$4.5M | -0.2% | $5.69T |
| AltraVue Capital, LLC | $24.4M | $431.41 | −$7.9M | +$4.1M | +2.0% | $1.16B |
| ADVISORY RESEARCH INC | $20.2M | $430.11 | −$11.4M | +$3.4M | +2.9% | $813M |
| HighTower Advisors, LLC | $19.9M | $443.76 | +$0 | +$0 | -0.2% | $93.93B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $19.4M | $482.34 | +$19.4M | +$19.4M | — | $1.91T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $19.2M | $482.34 | +$19.2M | +$19.2M | — | $4.04T |
| BNP PARIBAS FINANCIAL MARKETS | $17.9M | $460.80 | +$10.6M | +$17.1M | -0.2% | $149.31B |
| DIMENSIONAL FUND ADVISORS LPPassive | $16.8M | $397.75 | −$567K | −$3.6M | -0.4% | $480.92B |
| STATE STREET CORPPassive | $15.7M | $433.71 | −$696K | −$3.1M | -0.2% | $2.89T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $14.5M | $343.65 | −$105K | −$513K | +2.3% | $1.61T |
| D. E. Shaw & Co., Inc. | $7.8M | $487.32 | −$3.8M | +$7.8M | -0.3% | $118.02B |
| MILLENNIUM MANAGEMENT LLC | $7.2M | $473.13 | −$4.1M | +$5.9M | -0.5% | $127.40B |
| JANE STREET GROUP, LLCMM | $6.9M | $453.58 | +$4.1M | +$6.4M | -0.1% | $92.10B |
| RENAISSANCE TECHNOLOGIES LLC | $6.4M | $451.97 | +$251K | +$5.1M | +1.2% | $63.91B |
| NORTHERN TRUST CORPPassive | $5.8M | $389.83 | +$237K | +$39K | -0.2% | $755.34B |
| BANK OF AMERICA CORP /DE/ | $5.8M | $437.27 | +$2.0M | +$2.1M | -0.1% | $1.36T |
| Aquamarine Zurich AG | $5.5M | $256.39 | +$0 | +$0 | +0.4% | $135M |
| Legato Capital Management LLC | $5.2M | $432.47 | −$1.7M | +$663K | +0.7% | $1.09B |
| NEW YORK STATE COMMON RETIREMENT FUND | $4.9M | $432.13 | −$1.6M | +$531K | +1.3% | $71.52B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
+0.08%
avg per quarter
Holders (ex-self)
-0.07%
excl. this stock
Buyers (this Q)
-0.31%
57 buyers · $0.08B in
Sellers (this Q)
+1.04%
46 sellers · $0.06B out
alpha coverage: 92% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+13.0%
how holders react when this stock falls
On quiet Qs
+0.7%
−10% to +10% baseline
On rallies (+10%+)
+0.9%
how they react when this stock rises
Holders' portfolio flow this Q
+1.9%
inflows — adds are organic
Sellers' portfolio flow this Q
-0.5%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
+3.4%
Holder mid (any stock)
-2.6%
Holder rally (any stock)
-6.3%
Biggest decreases this quarter
ADVISORY RESEARCH INC−$11.4Mα+2.9AltraVue Capital, LLC−$7.9Mα+2.0MILLENNIUM MANAGEMENT LLC−$4.1Mα-0.5D. E. Shaw & Co., Inc.−$3.8Mα-0.3RWWM, Inc.−$3.5Mα-0.8UBS Group AG−$2.0Mα-0.3BlackRock, Inc.−$1.8Mα-0.2Legato Capital Management LLC−$1.7Mα+0.7NEW YORK STATE COMMON RETIREMENT FUND−$1.6Mα+1.3STATE STREET CORP−$696Kα-0.2
New buyers this quarter
Top-5 holders · 53.6%
RWWM, Inc.--
BlackRock, Inc.--
AltraVue Capital, LLC--
ADVISORY RESEARCH INC--
HighTower Advisors, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
RWWM, Inc.361KAltraVue Capital, LLC50KADVISORY RESEARCH INC42KHighTower Advisors, LLC41KBNP PARIBAS FINANCIAL MARKETS37KD. E. Shaw & Co., Inc.16KMILLENNIUM MANAGEMENT LLC15KLegato Capital Management LLC11KNEW YORK STATE COMMON RETIREMENT FUND10KAquamarine Zurich AG12K
Corporate
Order Flow (FINRA, ~3w lag)
11.4%retail-15.6pp
11.8%dark+1.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
DAILY JOURNAL CORPORATION: A Leveraged Equity Hedge Fund Disguised as a Software Company
Overall Risk
4/10
Fraud
2/10
Dilution
1/10
Insolvency
2/10
Earnings Overstated
4/10
Hidden Liabilities
3/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
8/10
Contextually Acceptable
7/10