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Daily Journal Corporation (Nasdaq: DJCO) reported fiscal year 2025 results for the year ended September 30, 2025. Total revenue was $87.7M, up 25% YoY, driven by Journal Technologies revenue of $69.9M (up 32% YoY). Operating income was $9.5M (10.9% of revenue) versus 5.8% a year earlier. Net income rose to $112.1M or $81.41 per diluted share, a 44% increase. The company generated $13.3M in operating cash flow and reported $493.0M in marketable securities fair value with pretax unrealized gains of $134.3M for the year. Journal Technologies secured 17 multi-year contracts with courts and government agencies.

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Daily Journal Corporation (NASDAQ:DJCO) has issued a press release addressing allegations from Buxton Helmsley USA, Inc. (BuHeUI) regarding its software accounting practices. The company firmly refutes claims made by BuHeUI's CEO Alexander E. Parker, who alleged DJCO was improperly expensing software development costs instead of capitalizing them under ASC 985-20.The company's Audit Committee, along with accountants and third-party experts, confirmed that DJCO's current accounting practices are correct. The company explained that while some software companies capitalize costs under ASC 350-40 for internal-use software, DJCO's products primarily involve licensed software delivered to customers, making ASC 985-20 the appropriate standard. The company maintains that Parker's analysis was fundamentally flawed, including his misinterpretation of practices at Tyler Technologies and Galaxy Gaming.

Daily Journal Corporation (NASDAQ:DJCO) reported strong financial results for the nine months ended June 30, 2025, with consolidated revenues reaching $59.3 million, up from $50.1 million in the prior year period. The company's Journal Technologies segment showed significant growth, with pretax income increasing by $3.9 million to $4.7 million.The company's investment portfolio remained robust, holding marketable securities valued at $443 million, including net pretax unrealized gains of $303.9 million. Consolidated net income rose to $70 million ($50.81 per share), compared to $51.4 million ($37.32 per share) in the prior year period. The effective tax rate for the period was 25.9%.

Daily Journal Corporation (NASDAQ:DJCO) has issued a press release addressing recent allegations from Buxton Helmsley USA and its CEO Alexander E. Parker regarding the company's software development cost accounting practices. The controversy centers around Parker's claim that DJCO should capitalize rather than expense software development costs, potentially unlocking "$160+ million in incremental equity value."Parker demanded $24 million worth of company equity as compensation and two board seats. After DJCO's Audit Committee decided to engage an independent accounting consultant instead, Parker escalated by reporting the company to the SEC's Enforcement Division and calling for the resignation of DJCO's CEO and CFO.The company maintains its current accounting practices are correct and have been reviewed by three different national accounting firms. DJCO has proactively reached out to the SEC to discuss their software development accounting practices.