Revenue: As of FY2025, the actual value is USD 87.7 M.EPS: As of FY2025, the actual value is USD 81.41.EBIT: As of FY2025, the actual value is USD 3.45 M.<h3>Traditional Business</h3><ul><li>Revenues: Total operating revenues were $17.8 million in 2025, an increase from $16.8 million in 2024, driven by an $0.8 million (8%) increase in advertising revenues to $10.1 million.</li><li>Operating Expenses: Operating expenses rose by $3.0 million (21%) to $17.9 million, mainly due to higher personnel costs, merchant discount fees, promotional expenses, and accounting advisory fees.</li><li>Income from Operations: The segment reported a pretax loss of $0.2 million in 2025, compared to a pretax income of $2.0 million in 2024.</li></ul><h3>Journal Technologies</h3><ul><li>Revenues: Revenues increased by $16.8 million (32%) to $69.9 million in 2025 from $53.1 million in 2024. Licensing and maintenance fees rose by $3.5 million (12%) to $31.7 million, and consulting fees increased by $7.6 million (51%) to $22.7 million.</li><li>Operating Expenses: Operating expenses increased by $6.7 million (13%) to $57.3 million, primarily due to higher personnel costs, additional contractor services, and increased third-party hosting fees.</li><li>Income from Operations: Pretax income increased by $10.2 million (408%) to $12.7 million in 2025 from $2.5 million in 2024.</li></ul><h3>Corporate</h3><ul><li>Net Realized and Unrealized Gains on Marketable Securities: Reported gains of $134.3 million in 2025, compared to $96.1 million in 2024.</li><li>Interest Expense: Decreased by $1.7 million (55%) to $1.4 million in 2025 from $3.1 million in 2024, due to repayment of $5.5 million against the outstanding balance during the fiscal year.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash provided by operating activities was $13.3 million in 2025, compared to net cash used of $0.1 million in 2024.</li><li>Free Cash Flow: The net increase in cash and cash equivalents was $7.7 million in 2025, compared to a decrease of $7.2 million in 2024.</li></ul><h3>Outlook / Guidance</h3><ul><li>The company expects to fund its operations for the foreseeable future through cash flows from operations and current working capital. It may consider selling securities to generate cash if needed to fund ongoing operations.</li></ul>

Daily Journal | 10-K: FY2025 Revenue: USD 87.7 M