Daily Journal Swings to $10.9M Q3 Loss on $24.1M Securities Hit
DJCO sits 60% above its 52-week low of $348.63 on elevated volume (1.9× avg).
Summary
Daily Journal reported Q3 FY2026 revenue of $27.0M, up 15.3% year-over-year, driven by 19.5% growth at Journal Technologies. The company swung to a net loss of $10.9M ($7.90/share) from net income of $14.4M a year ago, as $24.1M in unrealized losses on marketable securities overwhelmed operating gains. For the first nine months, revenue rose 16.8% to $69.2M, but the net loss widened to $53.5M ($38.84/share) versus net income of $70.0M in the prior-year period. Income from operations improved to $5.3M in Q3 and $8.7M for nine months. The marketable securities portfolio stood at $406.0M with $266.9M in accumulated pretax unrealized gains as of June 30, 2026, following a 13F filing in July showing a $256.7M equity portfolio. A special meeting proxy to eliminate cumulative voting is set for September 10.
At the time of this announcement, DJCO was trading at $557.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $767.4M. The 52-week trading range was $348.63 to $674.75. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.