NASDAQ : VALU
Value Line, Inc. — Financial statements
Financials · Financial Data & Stock Exchanges · United States
Last price 42.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 396.21M
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Financial statements
Value Line, Inc. (VALU) reported revenue of 32.89M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 32.89M | 33.45M | 35.08M | 37.49M | 39.70M | 40.52M |
| Cost of Revenue | 5.85M | 6.02M | 5.99M | 5.46M | 5.21M | 5.00M |
| Gross Profit | 27.05M | 27.43M | 29.09M | 32.03M | 34.48M | 35.52M |
| Selling, General & Admin | 23.48M | 23.40M | 23.11M | 22.89M | 23.02M | 24.72M |
| Operating Expenses | 23.48M | 23.40M | 23.11M | 22.89M | 23.02M | 24.72M |
| Operating Income | 3.56M | 4.03M | 5.99M | 9.14M | 11.47M | 10.80M |
| Interest & Investment Income | 5.88M | 6.43M | 3.24M | 2.76M | 1.17M | |
| Earnings From Equity Investments | 17.73M | 18.97M | 18.32M | 13.28M | 11.13M | 18.04M |
| EBT Excluding Unusual Items | 27.17M | 29.43M | 27.54M | 25.19M | 23.77M | 28.84M |
| Gain (Loss) on Sale of Investments | -534.00K | |||||
| Other Unusual Items | 2.33M | |||||
| Pretax Income | 27.17M | 29.43M | 27.54M | 25.19M | 23.77M | 30.64M |
| Income Tax Expense | 7.34M | 7.80M | 6.86M | 6.17M | 5.71M | 6.82M |
| Net Income | 19.82M | 21.63M | 20.69M | 19.02M | 18.07M | 23.82M |
| Net Income to Common | 19.82M | 21.63M | 20.69M | 19.02M | 18.07M | 23.82M |
| Shares Outstanding (Basic) | 9.39M | 9.40M | 9.42M | 9.43M | 9.46M | 9.54M |
| Shares Outstanding (Diluted) | 9.39M | 9.40M | 9.42M | 9.43M | 9.46M | 9.54M |
| EPS (Basic) | 2.11 | 2.30 | 2.20 | 2.02 | 1.91 | 2.50 |
| EPS (Diluted) | 2.11 | 2.30 | 2.20 | 2.02 | 1.91 | 2.50 |
| Free Cash Flow | 17.73M | 18.58M | 20.07M | 17.92M | 18.15M | 24.64M |
| Free Cash Flow Per Share | 1.89 | 1.98 | 2.13 | 1.90 | 1.92 | 2.58 |
| Dividend Per Share | 1.35 | 1.32 | 1.23 | 1.14 | 1.03 | 0.91 |
| Gross Margin | 82.22% | 82.01% | 82.93% | 85.45% | 86.88% | 87.66% |
| Operating Margin | 10.83% | 12.05% | 17.06% | 24.38% | 28.89% | 26.65% |
| Profit Margin | 60.27% | 64.67% | 58.97% | 50.73% | 45.52% | 58.78% |
| Free Cash Flow Margin | 53.90% | 55.56% | 57.20% | 47.80% | 45.72% | 60.79% |
| EBITDA | 4.81M | 5.28M | 7.13M | 10.49M | 12.77M | 12.06M |
| EBITDA Margin | 14.63% | 15.79% | 20.32% | 27.98% | 32.17% | 29.77% |
| D&A For EBITDA | 1.25M | 1.25M | 1.14M | 1.35M | 1.30M | 1.26M |
| EBIT | 3.56M | 4.03M | 5.99M | 9.14M | 11.47M | 10.80M |
| EBIT Margin | 10.83% | 12.05% | 17.06% | 24.38% | 28.89% | 26.65% |
| Effective Tax Rate | 27.03% | 26.50% | 24.89% | 24.50% | 24.00% | 22.25% |
| Revenue as Reported | 32.89M | 33.45M | 35.08M | 37.49M | 39.70M | 40.52M |
| Advertising Expenses | 3.72M | 3.80M | 2.96M | 3.05M | 3.22M |
Balance sheet
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.02M | 24.18M | 34.08M | 4.39M | 7.59M | 29.70M |
| Short-Term Investments | 72.44M | 62.29M | 43.31M | 63.95M | 54.47M | 28.12M |
| Cash & Short-Term Investments | 88.46M | 86.47M | 77.39M | 68.34M | 62.06M | 57.83M |
| Accounts Receivable | 1.09M | 1.03M | 1.33M | 1.31M | 2.12M | 1.68M |
| Receivables | 1.09M | 1.03M | 1.33M | 1.31M | 2.12M | 1.68M |
| Prepaid Expenses | 911.00K | 1.21M | 1.12M | 1.16M | 1.46M | 1.25M |
| Other Current Assets | 437.00K | 42.00K | 209.00K | 425.00K | 588.00K | |
| Total Current Assets | 90.46M | 89.15M | 79.88M | 71.02M | 66.08M | 61.34M |
| Property, Plant & Equipment | 1.92M | 2.24M | 3.48M | 4.44M | 5.79M | 7.06M |
| Long-Term Investments | 59.98M | 60.22M | 60.81M | 60.13M | 58.77M | 59.97M |
| Other Intangible Assets | 2.00K | 4.00K | 63.00K | 132.00K | 132.00K | 71.00K |
| Other Long-Term Assets | 305.00K | 305.00K | 305.00K | 305.00K | 305.00K | 305.00K |
| Total Assets | 152.67M | 151.92M | 144.53M | 136.03M | 131.08M | 128.74M |
| Accounts Payable | 1.14M | 1.80M | 1.53M | 1.43M | 1.26M | 1.31M |
| Accrued Expenses | 973.00K | 1.19M | 1.16M | 1.02M | 961.00K | 1.14M |
| Current Portion of Leases | 1.43M | 1.41M | 1.30M | 1.21M | 1.34M | 1.24M |
| Current Income Taxes Payable | 945.00K | 338.00K | 43.00K | 7.00K | 307.00K | 2.00K |
| Current Unearned Revenue | 14.36M | 14.74M | 16.56M | 15.76M | 16.77M | 17.69M |
| Other Current Liabilities | 3.28M | 3.29M | 3.06M | 2.83M | 2.64M | 2.38M |
| Total Current Liabilities | 22.14M | 22.76M | 23.65M | 22.25M | 23.29M | 23.76M |
| Long-Term Leases | 499.00K | 867.00K | 2.27M | 3.58M | 4.78M | 6.13M |
| Long-Term Unearned Revenue | 6.56M | 6.30M | 5.73M | 6.52M | 6.20M | 6.08M |
| Long-Term Deferred Tax Liabilities | 14.31M | 14.10M | 13.20M | 12.89M | 13.13M | 13.13M |
| Total Liabilities | 43.50M | 44.03M | 44.85M | 45.24M | 47.40M | 49.10M |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 991.00K | 991.00K | 991.00K | 991.00K | 991.00K | 991.00K |
| Retained Earnings | 123.95M | 122.58M | 113.40M | 104.25M | 95.98M | 87.64M |
| Treasury Stock | -16.68M | -16.57M | -15.65M | -15.19M | -14.67M | -9.97M |
| Comprehensive Income & Other | -99.00K | -104.00K | -66.00K | -253.00K | 374.00K | -24.00K |
| Shareholders' Equity | 109.17M | 107.89M | 99.68M | 90.79M | 83.67M | 79.64M |
| Total Liabilities & Equity | 152.67M | 151.92M | 144.53M | 136.03M | 131.08M | 128.74M |
| Total Debt | 1.93M | 2.27M | 3.58M | 4.78M | 6.13M | 7.37M |
| Net Cash (Debt) | 86.53M | 84.19M | 73.81M | 63.56M | 55.94M | 50.46M |
| Net Cash Per Share | 9.21 | 8.96 | 7.84 | 6.74 | 5.91 | 5.29 |
| Filing Date Shares Outstanding | 9.38M | 9.38M | 9.41M | 9.42M | 9.43M | 9.47M |
| Total Common Shares Outstanding | 9.38M | 9.39M | 9.41M | 9.42M | 9.43M | 9.51M |
| Working Capital | 68.33M | 66.39M | 56.23M | 48.77M | 42.79M | 37.58M |
| Book Value Per Share | 11.63 | 11.49 | 10.59 | 9.64 | 8.87 | 8.38 |
| Tangible Book Value | 109.16M | 107.89M | 99.61M | 90.66M | 83.54M | 79.57M |
| Tangible Book Value Per Share | 11.63 | 11.49 | 10.58 | 9.62 | 8.85 | 8.37 |
| Buildings | 652.00K | 652.00K | 652.00K | 652.00K | 1.01M | 1.01M |
| Machinery | 2.38M | 2.38M | 2.43M | 2.27M | 4.08M | 4.09M |
Cash flow statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 19.82M | 21.63M | 20.69M | 19.02M | 18.07M | 23.82M |
| Depreciation & Amortization | 1.25M | 1.25M | 1.14M | 1.35M | 1.30M | 1.26M |
| Other Amortization | 34.00K | 43.00K | 128.00K | 62.00K | 49.00K | 73.00K |
| Loss (Gain) From Sale of Investments | -3.02M | -3.69M | -559.00K | -287.00K | 125.00K | 1.40M |
| Loss (Gain) on Equity Investments | -18.32M | -18.97M | -18.32M | -13.28M | -11.13M | -18.04M |
| Other Operating Activities | 19.27M | 19.41M | 16.72M | 10.67M | 11.11M | 15.54M |
| Change in Accounts Receivable | 195.00K | 290.00K | -15.00K | 814.00K | -447.00K | 2.31M |
| Change in Accounts Payable | 153.00K | 271.00K | 98.00K | 167.00K | -51.00K | -763.00K |
| Change in Unearned Revenue | -645.00K | -1.25M | 9.00K | -692.00K | -800.00K | -1.31M |
| Change in Income Taxes | -1.02M | -339.00K | 172.00K | -246.00K | 348.00K | 349.00K |
| Change in Other Net Operating Assets | -1.00K | -58.00K | 176.00K | 362.00K | -391.00K | 8.00K |
| Operating Cash Flow | 17.73M | 18.58M | 20.24M | 17.93M | 18.18M | 24.65M |
| Capital Expenditures | -178.00K | -15.00K | -30.00K | -11.00K | ||
| Sale (Purchase) of Intangibles | -59.00K | -62.00K | -110.00K | |||
| Investment in Securities | -22.00M | -15.33M | 21.44M | -9.97M | -25.98M | -3.38M |
| Investing Cash Flow | -22.00M | -15.33M | 21.20M | -10.05M | -26.12M | -3.39M |
| Repurchase of Common Stock | -969.00K | -928.00K | -453.00K | -523.00K | -4.70M | -2.48M |
| Common Dividends Paid | -12.45M | -12.23M | -11.30M | -10.56M | -9.47M | -8.40M |
| Financing Cash Flow | -13.42M | -13.15M | -11.76M | -11.08M | -14.18M | -10.89M |
| Net Cash Flow | -17.69M | -9.90M | 29.69M | -3.20M | -22.11M | 10.37M |
| Free Cash Flow | 17.73M | 18.58M | 20.07M | 17.92M | 18.15M | 24.64M |
| Free Cash Flow Margin | 53.90% | 55.56% | 57.20% | 47.80% | 45.72% | 60.79% |
| Free Cash Flow Per Share | 1.89 | 1.98 | 2.13 | 1.90 | 1.92 | 2.58 |
| Levered Free Cash Flow | 2.07M | 2.63M | 6.26M | 7.48M | 7.30M | 8.46M |
| Unlevered Free Cash Flow | 2.07M | 2.63M | 6.26M | 7.48M | 7.30M | 8.46M |
| Cash Income Tax Paid | 6.97M | 6.70M | 6.24M | 6.54M | 5.35M | 6.29M |
| Change in Working Capital | -1.32M | -1.09M | 440.00K | 405.00K | -1.34M | 587.00K |
Ratios
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 429.65M | 330.34M | 385.01M | 341.18M | 432.30M | 623.42M |
| Enterprise Value | 343.13M | 248.40M | 313.11M | 279.02M | 377.97M | 573.45M |
| Last Close Price | 45.80 | 34.58 | 38.82 | 33.42 | 41.15 | 57.79 |
| PE Ratio | 21.69 | 15.27 | 18.61 | 17.94 | 23.93 | 26.17 |
| PS Ratio | 13.06 | 9.88 | 10.98 | 9.10 | 10.89 | 15.38 |
| PB Ratio | 3.94 | 3.06 | 3.86 | 3.76 | 5.17 | 7.83 |
| P/TBV Ratio | 3.94 | 3.06 | 3.87 | 3.76 | 5.17 | 7.83 |
| P/FCF Ratio | 24.24 | 17.78 | 19.19 | 19.04 | 23.82 | 25.31 |
| P/OCF Ratio | 24.24 | 17.78 | 19.02 | 19.03 | 23.78 | 25.30 |
| EV/Sales Ratio | 10.43 | 7.43 | 8.93 | 7.44 | 9.52 | 14.15 |
| EV/EBITDA Ratio | 71.29 | 47.02 | 43.93 | 26.60 | 29.60 | 47.54 |
| EV/EBIT Ratio | 96.33 | 61.62 | 52.32 | 30.52 | 32.95 | 53.10 |
| EV/FCF Ratio | 19.36 | 13.37 | 15.61 | 15.57 | 20.83 | 23.28 |
| Debt / Equity Ratio | 0.02 | 0.02 | 0.04 | 0.05 | 0.07 | 0.09 |
| Debt / EBITDA Ratio | 0.32 | 0.35 | 0.43 | 0.40 | 0.43 | 0.54 |
| Debt / FCF Ratio | 0.11 | 0.12 | 0.18 | 0.27 | 0.34 | 0.30 |
| Net Debt / Equity Ratio | -0.79 | -0.78 | -0.74 | -0.70 | -0.67 | -0.63 |
| Net Debt / EBITDA Ratio | -17.98 | -15.94 | -10.36 | -6.06 | -4.38 | -4.18 |
| Net Debt / FCF Ratio | -4.88 | -4.53 | -3.68 | -3.55 | -3.08 | -2.05 |
| Asset Turnover | 0.22 | 0.23 | 0.25 | 0.28 | 0.31 | 0.32 |
| Quick Ratio | 4.05 | 3.84 | 3.33 | 3.13 | 2.76 | 2.50 |
| Current Ratio | 4.09 | 3.92 | 3.38 | 3.19 | 2.84 | 2.58 |
| Return on Equity (ROE) | 18.68% | 20.84% | 21.72% | 21.80% | 22.13% | 32.49% |
| Return on Assets (ROA) | 1.48% | 1.70% | 2.67% | 4.28% | 5.52% | 5.40% |
| Return on Invested Capital (ROIC) | 11.22% | 11.96% | 16.93% | 25.11% | 30.63% | 27.25% |
| Return on Capital Employed (ROCE) | 2.70% | 3.10% | 5.00% | 8.00% | 10.60% | 10.30% |
| Earnings Yield | 4.61% | 6.55% | 5.37% | 5.57% | 4.18% | 3.82% |
| FCF Yield | 4.13% | 5.62% | 5.21% | 5.25% | 4.20% | 3.95% |
| Dividend Yield | 3.06% | 3.77% | 2.99% | 3.15% | 2.25% | 1.39% |
| Payout Ratio | 66.32% | 56.52% | 54.64% | 55.54% | 52.42% | 35.28% |
| Buyback Yield / Dilution | 0.26% | 0.19% | 0.12% | 0.32% | 0.90% | 0.55% |
| Total Shareholder Return | 3.31% | 3.96% | 3.11% | 3.47% | 3.15% | 1.93% |