Quarterly ResultMay 14, 2026, 04:11 PM
Daily Journal Q2 Revenue +25% to $22.7M; Net Loss $34.6M
AI Summary
Daily Journal Corporation announced strong revenue growth for the second quarter and first half of fiscal 2026, primarily driven by its Journal Technologies segment. Total consolidated revenue increased 25% to $22.7 million for Q2 and 18% to $42.3 million for H1. Despite improved income from operations, the company reported a net loss of $34.6 million for Q2 and $42.6 million for H1, primarily due to significant net unrealized losses on its marketable securities portfolio, which reflected broad market movements.
Key Highlights
- Q2 consolidated revenue: $22.7M, up 25.0% YoY.
- H1 consolidated revenue: $42.3M, up 17.8% YoY.
- Journal Technologies Q2 revenue: $18.2M, up 32.2% YoY.
- Journal Technologies H1 revenue: $33.4M, up 22.0% YoY.
- Q2 income from operations: $3.0M, up from $1.0M prior year.
- Q2 net loss: $34.6M, or ($25.14) per share, due to $51.2M unrealized investment losses.
- H1 net loss: $42.6M, or ($30.93) per share, due to $62.9M unrealized investment losses.
- Marketable securities fair value: $430.1M as of March 31, 2026.