Forensic Analysis · Media / Entertainment / Streaming · as of Sep 25, 2026
Daily Journal Corp (DJCO)
A forensic read on Daily Journal Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
14.5
Distress distance
Watch
Earnings quality
4
Forensic signals
-79.2
P / E (ttm)
28.7%
ROE
$909M
Market cap
0.00%
Dividend yield
25.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Daily Journal Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 14.5, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
0.13×
FY2023–FY2025
Cash conversion.Over FY2023–FY2025, cumulative operating cash flow was 0.13× cumulative net income. Reported profit is not turning into cash. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.
+32.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +32.9% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by receivables up +9% against revenue +25%. A cash-flow measure on the same base agrees: reported earnings ran ahead of operating cash by 31% of net operating assets, against an accruals ratio of 32.9%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average.
1.5%
FY2025
Return on invested capital.Return on invested capital is 1.5% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.9-point range. After-tax operating profit was $5M in FY2023 and $7M in FY2025, with operating income at 9.8% of revenue in FY2023, 5.8% in FY2024 and 10.9% in FY2025. The capital base behind it grew +67% across FY2023–FY2025, from $292M to $489M, while the return fell 0.2 points, so the dollars added over that window earned less than the 1.7% the older base was already earning.
0.0%/yr
FY2024–FY2025
Key fundamentals
Latest Revenue$87.7M
Revenue Growth YoY+25.4%
Revenue CAGR (2yr)+13.8%
Net Margin127.9%
Free Cash Flow$13.3M
Return on Equity28.7%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Daily Journal Corp's actual 10-K/10-Q/8-K filings?
Diluted share count changed 0% over the last 1 year to FY2025 (0.0%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.