Demonstrações financeiras detalhadas de Daily Journal Corporation (DJCO): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Daily Journal Corporation registou receitas de $87.7M no último exercício, com um CAGR de 5 anos de 11.9%. O lucro líquido atingiu $112.1M, com CAGR de 5 anos de 94.4%.
Margens dos últimos 12 meses: margem bruta 56.1%, margem operacional 13.7%, margem líquida -11.6%. O fluxo de caixa livre cresceu a CAGR de 44.0% em 5 anos.
Ao preço atual de $675.00, DJCO apresenta lucros negativos (P/L não significativo) e um ROE de -3.11%. A capitalização de mercado é de $930M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $41.6M | $41.4M | $40.7M | $48.7M | $49.9M | $49.9M | $54.0M | $67.7M | $69.9M | $87.7M |
| Custo da Receita | $33.2M | $38.3M | $39.8M | $42.5M | $44.6M | $42.7M | $45.6M | $51.7M | $55.8M | $55.6M |
| Lucro Bruto | $8.4M | $3.1M | $947000 | $6.2M | $5.4M | $7.2M | $8.4M | $16.0M | $14.2M | $32.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $9.4M | $10.7M | $11.3M | $9.5M | $5.4M | $3.5M | $5.3M | $6.1M | $6.5M | $7.0M |
| Despesas Operacionais | $15.1M | $16.3M | $15.0M | $29.6M | $6.7M | $5.0M | $6.4M | $9.4M | $10.1M | $20.8M |
| Lucro Operacional | -$6.6M | -$13.2M | -$14.1M | -$4.8M | -$1.3M | $2.2M | $2.0M | $6.7M | $4.1M | $11.3M |
| EBITDA | -$931000 | -$2.0M | -$6.9M | -$29.9M | -$759000 | $2.6M | $2.4M | $32.7M | $107.6M | $151.7M |
| Despesas com Juros | $372000 | $522000 | $746000 | $955000 | $553000 | $327000 | $1.1M | $4.3M | $3.1M | $1.4M |
| Lucro Antes de Impostos | -$3.0M | -$8.1M | -$11.3M | -$31.5M | $4.2M | $153.1M | -$102.5M | $28.1M | $104.3M | $150.1M |
| Imposto | -$1.9M | -$7.2M | -$19.5M | -$6.3M | $185000 | $40.1M | -$26.9M | $6.7M | $26.2M | $38.0M |
| Lucro Líquido | -$1.0M | -$918000 | $8.2M | -$25.2M | $4.0M | $112.9M | -$75.6M | $21.5M | $78.1M | $112.1M |
| LPA | $-0.76 | $-0.66 | $5.94 | $-18.26 | $2.93 | $81.77 | $-54.81 | $15.58 | $56.73 | $81.41 |
| LPA Diluído | $-0.76 | $-0.66 | $5.94 | $-18.26 | $2.93 | $81.77 | $-54.81 | $15.58 | $56.73 | $81.41 |
| Ações em Circulação (Diluídas) | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $28.4M | $19.5M | $22.7M | $27.0M |
| Lucro Bruto | $14.4M | $6.6M | $6.8M | $27.0M |
| Lucro Operacional | $4.6M | $477000 | $3.0M | $5.3M |
| EBITDA | $56.1M | $537000 | $3.0M | -$15.8M |
| Lucro Líquido | $42.2M | -$8.0M | -$34.6M | -$10.9M |
| LPA | $30.60 | $-5.79 | $-25.14 | $-7.90 |
| LPA Diluído | $30.60 | $-5.79 | $-25.14 | $-7.90 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $11.4M | $3.4M | $9.3M | $8.6M | $26.9M | $12.6M | $13.4M | $21.0M | $13.0M | $20.6M |
| Investimentos de Curto Prazo | $166.6M | $229.3M | $212.3M | $194.6M | $179.4M | $347.6M | $275.5M | $303.1M | $358.7M | $493.0M |
| Contas a Receber | $5.6M | $6.3M | $5.1M | $7.2M | $7.3M | $9.5M | $17.9M | $18.7M | $19.3M | $21.0M |
| Estoque | $41000 | $40000 | $46000 | $40000 | $36000 | $43000 | $56000 | $72000 | $15000 | 0 |
| Ativos Circulantes | $184.5M | $239.8M | $227.2M | $212.9M | $216.3M | $372.3M | $309.5M | $345.4M | $394.5M | $539.2M |
| Imobilizado | $12.1M | $11.6M | $11.2M | $10.8M | $10.6M | $10.2M | $9.7M | $9.5M | $9.3M | $8.9M |
| Ágio | $13.4M | $13.4M | $13.4M | 0 | 0 | 0 | $451000 | 0 | 0 | 0 |
| Ativos Intangíveis | $8.0M | $3.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $225.4M | $280.2M | $264.0M | $237.4M | $238.6M | $382.6M | $319.1M | $354.9M | $403.8M | $548.1M |
| Contas a Pagar | $2.6M | $3.0M | $2.8M | $4.5M | $3.9M | $4.2M | $5.1M | $6.6M | $6.0M | $7.1M |
| Dívida de Curto Prazo | $110000 | $115000 | $121000 | $126000 | $133000 | $147000 | $146000 | $158000 | $164000 | $169000 |
| Passivos Circulantes | $64.9M | $24.1M | $27.3M | $30.7M | $28.0M | $34.0M | $33.6M | $42.2M | $38.4M | $38.8M |
| Dívida de Longo Prazo | $31.6M | $31.4M | $31.3M | $31.2M | $31.1M | $33.4M | $76.3M | $76.1M | $28.5M | $22.8M |
| Passivos Totais | $100.1M | $120.5M | $101.1M | $99.7M | $96.8M | $127.9M | $140.1M | $154.4M | $125.0M | $157.1M |
| Reservas | $58.1M | $57.1M | $45.4M | $135.9M | $140.0M | $252.9M | $177.2M | $198.7M | $276.8M | $388.9M |
| Patrimônio Líquido | $125.3M | $159.7M | $162.9M | $137.7M | $141.7M | $254.6M | $179.0M | $200.5M | $278.8M | $391.1M |
| Dívida Total | $31.7M | $31.6M | $31.4M | $31.3M | $31.2M | $33.6M | $76.4M | $76.3M | $28.6M | $23.0M |
| Dívida Líquida | -$146.4M | -$201.1M | -$190.1M | -$171.9M | -$175.1M | -$326.6M | -$212.5M | -$247.9M | -$343.1M | -$490.6M |
| Capital de Giro | $119.6M | $215.7M | $200.0M | $182.3M | $188.3M | $338.3M | $275.8M | $303.2M | $356.1M | $500.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $20.6M | $16.6M | $20.6M | $31.1M |
| Ativos Totais | $548.1M | $529.5M | $479.9M | $471.8M |
| Passivos Totais | $157.1M | $146.4M | $131.4M | $134.2M |
| Patrimônio Líquido | $391.1M | $383.1M | $348.5M | $337.7M |
| Dívida Total | $23.0M | $20.9M | $20.9M | $20.8M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$1.0M | -$918000 | $8.2M | -$25.2M | $4.0M | $112.9M | -$75.6M | $21.5M | $78.1M | $112.1M |
| Depreciação e Amortização | $5.7M | $5.6M | $3.7M | $589000 | $524000 | $480000 | $379000 | $279000 | $267000 | $257000 |
| Compensação em Ações | 0 | 0 | 0 | 0 | 0 | 0 | $115 | 0 | 0 | $140000 |
| Variação Capital de Giro | -$1.8M | -$2.7M | $4.1M | $1.5M | -$1.7M | $6.3M | -$8.1M | $8.5M | -$4.6M | $411000 |
| Fluxo de Caixa Operacional | $1.2M | -$2.7M | -$1.9M | $1.6M | $2.3M | $3.3M | -$5.3M | $15.1M | -$89000 | $13.3M |
| CapEx | -$3.8M | -$253000 | -$212000 | -$165000 | -$184000 | -$29000 | -$36000 | -$86000 | -$49000 | -$8000 |
| Aquisições | 0 | 0 | 0 | 0 | 0 | $20.0M | $381000 | $7.2M | $4000 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | -$4.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$2.6M | -$2.9M | -$2.1M | $1.4M | $2.2M | $3.3M | -$5.3M | $15.0M | -$138000 | $13.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $4.5M | -$1.9M | $4.1M | $10.8M |
| CapEx | -$8000 | -$7000 | -$7000 | -$137000 |
| Fluxo de Caixa Livre | $4.5M | -$1.9M | $4.1M | $10.6M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | $81000 | $43000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -0.5% | -1.6% | +19.5% | +2.6% | -0.0% | +8.2% | +25.4% | +3.3% | +25.4% |
| Crescimento Lucro Líquido (anual) | | +12.0% | +993.4% | -407.5% | +116.0% | +2693.9% | -167.0% | +128.4% | +264.1% | +43.6% |
| Crescimento LPA (anual) | | +13.2% | +1000.0% | -407.4% | +116.0% | +2690.8% | -167.0% | +128.4% | +264.1% | +43.5% |
| Variação de Ações (anual) | | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -0.1% | -0.2% | +0.0% | +0.0% |
| Crescimento FCF (anual) | | -13.7% | +27.9% | +169.3% | +48.4% | +51.3% | -262.6% | +383.1% | -100.9% | +9755.8% |
| Margem Bruta | 20.3% | 7.5% | 2.3% | 12.8% | 10.8% | 14.4% | 15.5% | 23.6% | 20.3% | 36.7% |
| Margem Operacional | -16.0% | -31.8% | -34.5% | -9.9% | -2.6% | 4.3% | 3.7% | 9.8% | 5.8% | 12.9% |
| Margem EBITDA | -2.2% | -4.7% | -17.0% | -61.5% | -1.5% | 5.3% | 4.4% | 48.3% | 153.9% | 173.0% |
| Margem Líquida | -2.5% | -2.2% | 20.1% | -51.8% | 8.1% | 226.1% | -140.0% | 31.7% | 111.7% | 127.9% |
| Margem FCF | -6.1% | -7.0% | -5.1% | 3.0% | 4.3% | 6.5% | -9.8% | 22.2% | -0.2% | 15.2% |
| Taxa Efetiva de Imposto | 65.0% | 88.6% | 172.3% | 19.9% | 4.4% | 26.2% | 26.3% | 23.7% | 25.1% | 25.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-1.85 | $-2.10 | $-1.52 | $1.05 | $1.56 | $2.36 | $-3.84 | $10.89 | $-0.10 | $9.67 |
| Dividendo por Ação | $2.96 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -3.11% |
| Retorno sobre capital investido | 2.01% |
| Retorno sobre ativos | -2.41% |
| Margem bruta | 56.12% |
| Margem operacional | 13.65% |
| Margem líquida | -11.63% |
Saúde financeira
| Dívida / Patrimônio | 0.06 |
| Liquidez corrente | 11.65 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -288.16 | -331.23 | 43.38 | -13.56 | 82.59 | 3.92 | -4.68 | 18.87 | 8.64 | 5.71 |
| P/VP | 2.41 | 1.89 | 2.18 | 2.48 | 2.36 | 1.74 | 1.98 | 2.02 | 2.42 | 1.64 |
| P/V | 7.27 | 7.29 | 8.74 | 7.03 | 6.69 | 8.86 | 6.55 | 5.98 | 9.65 | 7.31 |
| Margem Bruta | 20.3% | 7.5% | 2.3% | 12.8% | 10.8% | 14.4% | 15.5% | 23.6% | 20.3% | 36.7% |
| Margem Operacional | -16.0% | -31.8% | -34.5% | -9.9% | -2.6% | 4.3% | 3.7% | 9.8% | 5.8% | 12.9% |
| Margem Líquida | -2.5% | -2.2% | 20.1% | -51.8% | 8.1% | 226.1% | -140.0% | 31.7% | 111.7% | 127.9% |