Daily Journal (DJCO)
Market Price (8/17/2026): $605.6 | Market Cap: $834.4 MilSector: Information Technology | Industry: Application Software
Daily Journal (DJCO)
Market Price (8/17/2026): $605.6Market Cap: $834.4 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -50% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% Megatrend and thematic driversMegatrends include Digital Transformation of Public Services. Themes include Legal Case Management Software. | Weak multi-year price returns2Y Excs Rtn is -4.2% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.9% Key risksDJCO key risks include [1] significant volatility to its valuation and net income driven by its massive and highly concentrated marketable securities portfolio that dominates the company's balance sheet. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -50% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Megatrend and thematic driversMegatrends include Digital Transformation of Public Services. Themes include Legal Case Management Software. |
| Weak multi-year price returns2Y Excs Rtn is -4.2% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.9% |
| Key risksDJCO key risks include [1] significant volatility to its valuation and net income driven by its massive and highly concentrated marketable securities portfolio that dominates the company's balance sheet. |
Qualitative Assessment
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Daily Journal (DJCO) stock has gained about 15% since 4/30/2026 because of the following key factors:
1. Daily Journal (DJCO) experienced robust revenue growth, primarily driven by its Journal Technologies, Inc. (JTI) segment. In fiscal Q2 2026, total consolidated revenue increased by 25.0% year-over-year to $22.7 million, with JTI revenue rising 32.2%. This trend continued in fiscal Q3 2026, which ended on June 30, 2026, with total consolidated revenue up 15.3% year-over-year to $27.0 million, and JTI revenue increasing by 19.5% to $22.1 million.
2. The company demonstrated significant improvement in income from operations. For fiscal Q2 2026, income from operations rose to $3.0 million. This operational strength further improved in fiscal Q3 2026, as income from operations increased to $5.3 million, up from $3.2 million in the prior-year quarter, reflecting enhanced operating leverage in its technology business.
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Daily Journal (DJCO) stock has gained about 15% since 4/30/2026 because of the following key factors:
1. Daily Journal (DJCO) experienced robust revenue growth, primarily driven by its Journal Technologies, Inc. (JTI) segment. In fiscal Q2 2026, total consolidated revenue increased by 25.0% year-over-year to $22.7 million, with JTI revenue rising 32.2%. This trend continued in fiscal Q3 2026, which ended on June 30, 2026, with total consolidated revenue up 15.3% year-over-year to $27.0 million, and JTI revenue increasing by 19.5% to $22.1 million.
2. The company demonstrated significant improvement in income from operations. For fiscal Q2 2026, income from operations rose to $3.0 million. This operational strength further improved in fiscal Q3 2026, as income from operations increased to $5.3 million, up from $3.2 million in the prior-year quarter, reflecting enhanced operating leverage in its technology business.
3. The underlying value of the marketable securities portfolio provided a long-term asset base. Despite reporting net losses in fiscal Q2 2026 of $34.6 million and fiscal Q3 2026 of $10.9 million, primarily due to net unrealized losses on marketable securities of $51.2 million and $24.1 million respectively, the company's investment portfolio held substantial value. As of June 30, 2026, marketable securities had a fair value of $406.0 million, including accumulated pretax unrealized gains of $266.9 million.
4. Daily Journal also saw increased net cash provided by operating activities. For the first nine months of fiscal 2026, which concluded on June 30, 2026, net cash generated from operating activities grew to $12.9 million, up from $8.8 million in the corresponding prior-year period.
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Stock Movement Drivers
Fundamental Drivers
The 14.1% change in DJCO stock from 4/30/2026 to 8/16/2026 was primarily driven by a 9.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302026 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 528.76 | 603.33 | 14.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 90 | 98 | 9.1% |
| P/S Multiple | 8.1 | 8.5 | 4.6% |
| Shares Outstanding (Mil) | 1 | 1 | 0.0% |
| Cumulative Contribution | 14.1% |
Market Drivers
4/30/2026 to 8/16/2026| Return | Correlation | |
|---|---|---|
| DJCO | 14.1% | |
| Market (SPY) | 8.0% | 18.7% |
| Sector (XLK) | 19.1% | 12.7% |
Fundamental Drivers
The 2.9% change in DJCO stock from 1/31/2026 to 8/16/2026 was primarily driven by a 11.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 586.37 | 603.33 | 2.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 88 | 98 | 11.3% |
| P/S Multiple | 9.2 | 8.5 | -7.6% |
| Shares Outstanding (Mil) | 1 | 1 | 0.0% |
| Cumulative Contribution | 2.9% |
Market Drivers
1/31/2026 to 8/16/2026| Return | Correlation | |
|---|---|---|
| DJCO | 2.9% | |
| Market (SPY) | 12.5% | 26.2% |
| Sector (XLK) | 32.2% | 19.3% |
Fundamental Drivers
The 51.0% change in DJCO stock from 7/31/2025 to 8/16/2026 was primarily driven by a 33.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 399.58 | 603.33 | 51.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 73 | 98 | 33.3% |
| P/S Multiple | 7.5 | 8.5 | 13.3% |
| Shares Outstanding (Mil) | 1 | 1 | 0.0% |
| Cumulative Contribution | 51.0% |
Market Drivers
7/31/2025 to 8/16/2026| Return | Correlation | |
|---|---|---|
| DJCO | 51.0% | |
| Market (SPY) | 23.9% | 24.2% |
| Sector (XLK) | 45.2% | 16.0% |
Fundamental Drivers
The 108.4% change in DJCO stock from 7/31/2023 to 8/16/2026 was primarily driven by a 63.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312023 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 289.52 | 603.33 | 108.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 60 | 98 | 63.3% |
| P/S Multiple | 6.7 | 8.5 | 27.6% |
| Shares Outstanding (Mil) | 1 | 1 | -0.1% |
| Cumulative Contribution | 108.4% |
Market Drivers
7/31/2023 to 8/16/2026| Return | Correlation | |
|---|---|---|
| DJCO | 108.4% | |
| Market (SPY) | 75.6% | 40.1% |
| Sector (XLK) | 117.1% | 32.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DJCO Return | -12% | -30% | 36% | 67% | -14% | 23% | 49% |
| Peers Return | 32% | -20% | 32% | 21% | -14% | -12% | 28% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| DJCO Win Rate | 50% | 33% | 50% | 67% | 50% | 50% | |
| Peers Win Rate | 61% | 33% | 72% | 58% | 44% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DJCO Max Drawdown | -26% | -39% | -15% | -15% | -37% | -30% | |
| Peers Max Drawdown | -18% | -35% | -19% | -11% | -30% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TYL, TRI, NWSA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/14/2026 (YTD)
How Low Can It Go
| Event | DJCO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.1% | -18.8% |
| % Gain to Breakeven | 17.8% | 23.1% |
| Time to Breakeven | 44 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.6% | -24.5% |
| % Gain to Breakeven | 50.6% | 32.4% |
| Time to Breakeven | 457 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.9% | -33.7% |
| % Gain to Breakeven | 49.0% | 50.9% |
| Time to Breakeven | 147 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.7% | -19.2% |
| % Gain to Breakeven | 14.5% | 23.8% |
| Time to Breakeven | 248 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -16.9% | -12.2% |
| % Gain to Breakeven | 20.3% | 13.9% |
| Time to Breakeven | 133 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -13.7% | -17.9% |
| % Gain to Breakeven | 15.9% | 21.8% |
| Time to Breakeven | 124 days | 123 days |
In The Past
Daily Journal's stock fell -15.1% during the 2025 US Tariff Shock. Such a loss loss requires a 17.8% gain to breakeven.
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Asset Allocation
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| Event | DJCO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.6% | -24.5% |
| % Gain to Breakeven | 50.6% | 32.4% |
| Time to Breakeven | 457 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.9% | -33.7% |
| % Gain to Breakeven | 49.0% | 50.9% |
| Time to Breakeven | 147 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -20.6% | -53.4% |
| % Gain to Breakeven | 25.9% | 114.4% |
| Time to Breakeven | 47 days | 1085 days |
In The Past
Daily Journal's stock fell -15.1% during the 2025 US Tariff Shock. Such a loss loss requires a 17.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Daily Journal (DJCO)
Daily Journal Corporation (DJCO) operates two distinct business segments. Its "Traditional Business" segment focuses on publishing general circulation newspapers and providing specialized information services, primarily in California, Arizona, and Utah. This includes titles like the Los Angeles Daily Journal and San Francisco Daily Journal. This segment also serves as an advertising and newspaper representative for commercial and public notice advertising, catering to legal and business communities.
The second, and often more impactful, segment is Journal Technologies. This division develops and provides comprehensive case management software systems and related products for justice agencies. Key offerings include browser-based systems such as eCourt, eProsecutor, eDefender, and eProbation, designed to manage cases and information electronically. It also provides eFile for electronic document submission and ePayIt for online payment of traffic citations.
Journal Technologies serves a wide array of clients within the justice system, including courts, prosecutor and public defender offices, probation departments, and other government justice agencies. These solutions enable clients to manage cases efficiently, interface with other justice partners, and extend electronic services to legal professionals and the public. The company's software systems are utilized in 42 U.S. states and internationally, demonstrating a broad reach within the public sector technology market.
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Tyler Technologies for courts and justice agencies.
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- Newspaper and Website Publishing: Publishes daily newspapers and websites covering legal and general news in California, Arizona, and Utah.
- Advertising and Newspaper Representation: Serves as an advertising and newspaper representative for commercial and public notice advertising.
- Specialized Information Services: Provides specialized information services, likely related to legal or business intelligence.
- Case Management Software Systems: Offers browser-based case processing systems (e.g., eCourt, eProsecutor) for courts and other justice agencies.
- Electronic Document Filing System (eFile): Provides a browser-based interface for attorneys and the public to electronically file documents with the court.
- Online Payment Service (ePayIt): Offers a service primarily for the online payment of traffic citations.
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Daily Journal (DJCO) primarily sells its products and services to other companies and organizations, rather than to individuals. While specific customer names are not provided in the background information, the company's major customers can be categorized as follows:
- Courts: For case management software systems (eCourt, eFile, ePayIt).
- Prosecutor and Public Defender Offices: For case management software systems (eProsecutor, eDefender).
- Probation Departments: For case management software systems (eProbation).
- Other Justice Agencies: Including administrative law organizations, city and county governments, and bar associations, for various software systems and related products.
- Commercial Businesses: For advertising services in its newspapers and websites.
- Government Entities: For public notice advertising in its newspapers and websites.
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Steven Myhill-Jones, Chairman & Chief Executive Officer
Steven Myhill-Jones was appointed Chairman and Interim Chief Executive Officer of Daily Journal Corporation in March 2022, and then became Chairman and Chief Executive Officer in October 2023. A Canada-based technology entrepreneur and investor, he founded Latitude Geographics in 1999. He led Latitude Geographics, which developed web-based geography software, until September 2018, transforming it from a services-oriented business into a software-centric one with international partners. Latitude Geographics (now VertiGIS) grew to serve a global client base of 1,400 clients, including Fortune 500 companies and the United Nations, before its acquisition in 2017. Following his exit, Mr. Myhill-Jones became an angel investor, advisor, and mentor to technology businesses and entrepreneurs through his wholly-owned company, SMJ Holdings Inc.
Erik Nakamura, Chief Financial Officer & Principal Financial Officer
Erik Nakamura was appointed Chief Financial Officer and Principal Financial Officer of Daily Journal Corporation, effective December 12, 2025, succeeding Tu To. Prior to this role, he served as the Chief Financial Officer of Journal Technologies, Inc., a subsidiary of Daily Journal. His extensive experience includes serving as chief financial officer and advisor at Orange Comet, Inc. from April 2022 to October 2024, and as chief financial officer at Nogin, Inc. from September 2021 to April 2022. Additionally, he was CFO at Dvele, Inc. from July 2019 to September 2021 and held senior finance positions at Roofstock, Inc. between 2017 and 2019. Earlier in his career, Mr. Nakamura worked at The Cooper Companies, Inc. and its subsidiary CooperVision from 2005 to 2016, at ZipRealty, Inc. from 2004 to 2005, and began as an auditor with KPMG from 2000 to 2004.
Maryjoe Rodriguez, President
As President of Daily Journal Corporation, Maryjoe Rodriguez is responsible for the organization's overall strategic vision, operational management, and long-term growth. Her leadership encompasses guiding the company's business development, fostering a strong corporate culture, and ensuring the successful execution of strategic initiatives across all departments.
Michelle Stephens, Executive Vice President of Publications
Michelle Stephens serves as the Executive Vice President of Publications for Daily Journal Corporation. She also holds the position of the company's Secretary.
Danny Hemnani, CEO of Journal Technologies
Danny Hemnani holds the position of Chief Executive Officer of Journal Technologies, a significant subsidiary of Daily Journal Corporation. In this executive leadership role, he is responsible for charting the strategic direction and overseeing the daily operations of Journal Technologies, driving innovation, product development, and the overall business growth of the company's technology solutions.
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Daily Journal Corporation (DJCO) operates in two main segments: Traditional Business and Journal Technologies. The addressable market sizes for its Journal Technologies segment are as follows:
Journal Technologies (Software and Related Products)
This segment provides case management software systems and related products, including eCourt, eProsecutor, eDefender, eProbation, eFile, and ePayIt, for justice agencies in 42 states and internationally. These offerings fall under the broader categories of Legal Technology, Court Management Software, Case Management Software, and E-Filing Platforms.
- Legal Technology Market: The global legal technology market was valued at approximately USD 15.37 billion in 2023 and is projected to grow to around USD 48.41 billion by 2032, exhibiting a compound annual growth rate (CAGR) of roughly 13.60%. Another estimate places the global legal technology market size at USD 33.97 billion in 2025, with a projection to reach USD 77.93 billion by 2034. In North America, the U.S. market alone is valued at USD 7.32 billion by 2026.
- Court Management Software Market: The global court management software market was valued at USD 956.26 million in 2023 and is projected to reach USD 2,377.6 million by 2032, growing at a CAGR of 10.65%. Another report estimates the global market at USD 750 million in 2023, expected to reach USD 1.5 billion by 2032. North America is a dominant region in this market.
- Case Management Software Market: The global case management software market was estimated at USD 7.32 billion in 2023 and is anticipated to reach USD 15.00 billion by 2030, growing at a CAGR of 11.2%. Another source indicates a market size of USD 8.26 billion in 2024, projected to exceed USD 24.09 billion by 2034. The U.S. case management software market was valued at USD 2.37 billion in 2024 and is projected to reach around USD 7.05 billion by 2034.
- E-Filing Platforms Market: The global E-Filing Platforms market size was approximately USD 4.2 billion in 2023 and is projected to reach around USD 8.7 billion by 2032, with a CAGR of 8.6%. Another estimate suggests a market size between USD 4.0 billion and USD 10.0 billion by 2026. North America held the largest market share in 2023 and is expected to maintain its dominance.
Traditional Business (Newspapers, Specialized Information Services, and Advertising)
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Daily Journal Corporation (DJCO) is expected to drive future revenue growth over the next 2-3 years through several key initiatives, primarily centered around its high-growth Journal Technologies segment and strategic management of its Traditional Business.
- Growth in Journal Technologies' Recurring Revenue Streams: The Journal Technologies segment, which provides case management software systems and related products to justice agencies, is the primary driver of the company's revenue growth. Future expansion is expected from continued increases in recurring license and maintenance fees, as well as public service fees, including e-filing services. The company has a stated strategy to build on its recent success by growing its installed base and recurring revenue.
- Expansion of Journal Technologies' Customer Base and Market Reach: Daily Journal is focused on securing more multi-year contracts with courts and government agencies, both within its existing footprint across 42 U.S. states and internationally. This expansion of its client base for its eCourt, eProsecutor, eDefender, and eProbation systems is a critical component of its growth strategy.
- Modernization and AI Integration within Journal Technologies' Platforms: The company is investing in next-generation architecture and introducing artificial intelligence (AI) features to enhance its Journal Technologies platforms. These advancements aim to improve user experience, automate workflows, and strengthen the company's competitive position to secure new contracts and system upgrades in the justice technology market.
- Strategic Pricing and Value Optimization in the Traditional Business Segment: While facing long-term industry challenges, the Traditional Business segment, which includes its newspapers and advertising services, is expected to contribute to revenue growth through strategic pricing adjustments and maximizing remaining economic value. The company aims to provide continued value to an evolving subscriber base and manage costs with discipline, potentially utilizing new technologies like AI to streamline workflows.
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Capital Allocation Decisions for Daily Journal Corporation (DJCO)
Share Repurchases
- Daily Journal Corporation did not repurchase any shares during fiscal years 2025 and 2024.
- A stock repurchase program for the company remains in effect.
Outbound Investments
- The company holds a concentrated portfolio of marketable securities, which was valued at approximately $493.0 million as of September 30, 2025, an increase from $358.7 million a year earlier.
- In fiscal year 2024, Daily Journal sold approximately $40.6 million of marketable securities to reduce its margin loan balance.
- The company used excess cash from operations in fiscal year 2025 to pay down its margin loan principal balance by $5.5 million, reducing it to $22.0 million.
Capital Expenditures
- Daily Journal Corporation continues to invest in its Journal Technologies segment, focusing on product development, implementation capacity, and customer support.
- Operating expenses for Journal Technologies increased by approximately 12% to $56.9 million in fiscal year 2025, reflecting these investments.
- The company aims to continue investing in its businesses, particularly Journal Technologies, to drive future growth.
Peer Outperformance in Application Software
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 76.6% | 256.7% | 456.6% | TTMI 889% · FLEX 864% · JBL 521% |
| Semiconductor Materials & Equipment | 27 | 188.5% | 114.4% | 151.1% | AEHR 2429% · AXTI 839% · KLAC 563% |
| Technology Distributors | 9 | 24.9% | 65.4% | 84.8% | CLMB 354% · AVT 168% · SNX 124% |
| Electronic Components | 26 | 71.4% | 68.6% | 74.4% | CLS 3769% · BELFA 1545% · LPTH 747% |
| Communications Equipment | 35 | 43.0% | 99.1% | 60.6% | AAOI 2205% · LITE 1054% · FEIM 901% |
| Semiconductors | 54 | 44.6% | 55.4% | 49.9% | POET 2252% · MU 1308% · NVDA 1061% |
| Technology Hardware, Storage & Peripherals | 22 | 42.8% | 88.4% | 34.5% | STX 1153% · WDC 1018% · DELL 996% |
| Internet Services & Infrastructure | 6 | 15.3% | 39.6% | 21.9% | DOCN 154% · VRSN 36% · GDDY 35% |
| Electronic Equipment & Instruments | 27 | 3.6% | 15.3% | -1.3% | PI 261% · NSSC 133% · OSIS 131% |
| IT Consulting & Other Services | 28 | -25.1% | -10.3% | -16.7% | CHRN 550689% · APLD 2228% · TSSI 780% |
| Application Software ← | 124 | -19.2% | -11.3% | -39.3% | VIDA 234900% · INLX 5250% · PLTR 626% |
| Systems Software | 68 | -6.2% | 25.6% | -43.0% | QNC 1005% · PANW 530% · PAYS 425% |
Latest Trefis Analyses
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 216.12 |
| Mkt Cap | 14.8 |
| Rev LTM | 5,131 |
| Op Inc LTM | 755 |
| FCF LTM | 758 |
| FCF 3Y Avg | 606 |
| CFO LTM | 984 |
| CFO 3Y Avg | 824 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.6% |
| Rev Chg 3Y Avg | 6.9% |
| Rev Chg Q | 10.1% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 15.7% |
| Op Inc Chg 3Y Avg | 20.2% |
| Op Mgn LTM | 15.3% |
| Op Mgn 3Y Avg | 12.7% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 24.0% |
| CFO/Rev 3Y Avg | 19.9% |
| FCF/Rev LTM | 23.1% |
| FCF/Rev 3Y Avg | 18.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Journal Technologies | 70 | 53 | 51 | 38 | 34 |
| Traditional Business | 18 | 17 | 16 | 16 | 15 |
| Corporate | 0 | 0 | 0 | 0 | |
| Total | 88 | 70 | 68 | 54 | 50 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Journal Technologies | 13 | 2 | 5 | 1 | 2 |
| Traditional Business | -0 | 2 | 2 | 1 | 0 |
| Corporate | -3 | 0 | 0 | 0 | |
| Total | 10 | 4 | 7 | 2 | 2 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate | 103 | 75 | 17 | -77 | 111 |
| Journal Technologies | 9 | 2 | 4 | 1 | 1 |
| Traditional Business | 0 | 1 | 1 | 1 | 0 |
| Total | 112 | 78 | 21 | -76 | 113 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate | 493 | 359 | 303 | 268 | 340 |
| Journal Technologies | 32 | 30 | 33 | 28 | 20 |
| Traditional Business | 23 | 14 | 19 | 23 | 22 |
| Total | 548 | 404 | 355 | 319 | 383 |
Price Behavior
| Market Price | $603.33 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 02/25/1992 | |
| Distance from 52W High | -9.2% | |
| 50 Days | 200 Days | |
| DMA Price | $566.43 | $522.59 |
| DMA Trend | up | up |
| Distance from DMA | 6.5% | 15.4% |
| 3M | 1YR | |
| Volatility | 34.8% | 51.1% |
| Downside Capture | 0.93 | 94.91 |
| Upside Capture | 118.27 | 113.56 |
| Correlation (SPY) | 22.3% | 22.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.35 | 0.42 | 0.39 | 0.76 | 0.95 | 1.12 |
| Up Beta | -1.32 | 0.71 | 0.58 | 0.29 | 0.58 | 1.18 |
| Down Beta | -1.54 | -0.07 | 0.29 | 0.94 | 1.00 | 0.98 |
| Up Capture | 14% | 99% | 56% | 76% | 126% | 164% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 23 | 34 | 70 | 143 | 408 |
| Down Capture | 52% | 13% | 16% | 95% | 94% | 103% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 20 | 29 | 56 | 109 | 343 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DJCO | |
|---|---|---|---|---|
| DJCO | 33.9% | 51.0% | 0.74 | - |
| Sector ETF (XLK) | 42.4% | 25.9% | 1.33 | 15.0% |
| Equity (SPY) | 21.5% | 12.8% | 1.25 | 22.7% |
| Gold (GLD) | 30.0% | 28.5% | 0.91 | 6.5% |
| Commodities (DBC) | 38.1% | 20.1% | 1.49 | -1.8% |
| Real Estate (VNQ) | 14.4% | 13.9% | 0.73 | 11.8% |
| Bitcoin (BTCUSD) | -49.1% | 42.8% | -1.45 | 10.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DJCO | |
|---|---|---|---|---|
| DJCO | 14.2% | 39.9% | 0.44 | - |
| Sector ETF (XLK) | 20.6% | 25.8% | 0.71 | 35.0% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 39.6% |
| Gold (GLD) | 19.5% | 18.6% | 0.85 | 4.6% |
| Commodities (DBC) | 9.6% | 19.6% | 0.38 | 4.2% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 27.4% |
| Bitcoin (BTCUSD) | 8.0% | 52.8% | 0.34 | 21.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DJCO | |
|---|---|---|---|---|
| DJCO | 11.5% | 38.2% | 0.40 | - |
| Sector ETF (XLK) | 24.7% | 24.9% | 0.90 | 35.9% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 41.5% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 1.6% |
| Commodities (DBC) | 7.7% | 18.0% | 0.34 | 9.2% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 32.8% |
| Bitcoin (BTCUSD) | 59.9% | 66.1% | 1.00 | 16.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 7.9% | ||
| 5/14/2026 | -2.4% | -1.8% | 17.4% |
| 2/17/2026 | -7.0% | -2.7% | -3.3% |
| 12/29/2025 | 0.1% | 9.1% | 15.2% |
| SUMMARY STATS | |||
| # Positive | 2 | 1 | 2 |
| # Negative | 2 | 2 | 1 |
| Median Positive | 4.0% | 9.1% | 16.3% |
| Median Negative | -4.7% | -2.3% | -3.3% |
| Max Positive | 7.9% | 9.1% | 17.4% |
| Max Negative | -7.0% | -2.7% | -3.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 7.9% | ||
| 5/14/2026 | -2.4% | -1.8% | 17.4% |
| 2/17/2026 | -7.0% | -2.7% | -3.3% |
| 12/29/2025 | 0.1% | 9.1% | 15.2% |
| SUMMARY STATS | |||
| # Positive | 2 | 1 | 2 |
| # Negative | 2 | 2 | 1 |
| Median Positive | 4.0% | 9.1% | 16.3% |
| Median Negative | -4.7% | -2.3% | -3.3% |
| Max Positive | 7.9% | 9.1% | 17.4% |
| Max Negative | -7.0% | -2.7% | -3.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-Q |
| 09/30/2025 | 12/29/2025 | 10-K |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-Q |
| 09/30/2024 | 12/31/2024 | 10-K |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-Q |
| 09/30/2023 | 12/28/2023 | 10-K |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-Q |
| 09/30/2022 | 12/19/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-Q |
| 09/30/2025 | 12/29/2025 | 10-K |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-Q |
| 09/30/2024 | 12/31/2024 | 10-K |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-Q |
| 09/30/2023 | 12/28/2023 | 10-K |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-Q |
| 09/30/2022 | 12/19/2022 | 10-K |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 02/11/2022 | 10-Q |
| 09/30/2021 | 12/17/2021 | 10-K |
| 06/30/2021 | 08/12/2021 | 10-Q |
| 03/31/2021 | 05/12/2021 | 10-Q |
| 12/31/2020 | 02/12/2021 | 10-Q |
| 09/30/2020 | 12/17/2020 | 10-K |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 02/07/2020 | 10-Q |
| 09/30/2019 | 12/12/2019 | 10-K |
Investor Activity (13F)
Updated Aug 17, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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