Value Line Inc. (VALU) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 23	—	$0.55	—	—	$10M	—
Q2 23	—	$0.46	—	—	$10.1M	—
Q1 23	—	$0.47	—	—	$9.9M	—
Q4 22	—	$0.4	—	—	$10.1M	—
Q3 22	—	$0.59	—	—	$10.3M	—
Q2 22	—	$0.89	—	—	$10M	—
Q1 22	—	$0.62	—	—	$10.2M	—
Q4 21	—	$0.74	—	—	$9.7M	—
Q3 21	—	$0.63	—	—	$10.1M	—
Q2 21	—	$0.53	—	—	$10.2M	—
Q1 21	—	$0.53	—	—	$10.3M	—
Q4 20	—	$0.29	—	—	$9.8M	—
Q3 20	—	$0.51	—	—	$10.8M	—
Q2 20	—	$0.44	—	—	$10.1M	—
Q1 20	—	$0.38	—	—	$9.6M	—
Q4 19	—	$0.24	—	—	$9.2M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	—	—	—	$33.4M	—
FY25	—	$2.2	—	—	$35.1M	—
FY24	—	$2.02	—	—	$37.5M	—
FY23	—	$1.91	—	—	$39.7M	—
FY22

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$34.6M	$35.9M	$36.3M	$40.3M	$40.4M	$40.5M	$39.7M	$37.5M	$35.1M	$33.4M
YoY change	+0.08%	+3.74%	+1.08%	+11.1%	+0.23%	+0.33%	-2.05%	-5.56%	-6.42%	-4.65%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	34.6M	35.9M	36.3M	40.3M	40.4M	40.5M	39.7M	37.5M	35.1M	33.4M
Cost of revenue	17.5M	18.5M	17.8M	18.2M	18.9M	17.3M	15.2M	14.9M	14.5M	14.4M
Gross profit	17.1M	17.4M	18.5M	22.1M	21.5M	23.2M	24.5M	22.6M	20.6M	19.1M
Gross margin	49.5%	48.5%	51%	54.9%	53.3%	57.3%	61.7%	60.4%	58.8%	57.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	17.8M	14.8M	13.1M	13M	14M	12.4M	13M	13.5M	14.6M	15.1M
Operating expenses	26.8M	20.7M	18.3M	18M	19.4M	17.4M	18.2M	13.5M	14.6M	15.1M
Operating income	-664K	2.6M	5.4M	9.1M	7.5M	10.8M	11.5M	9.1M	6M	4M
Operating margin	-1.92%	7.17%	14.9%	22.6%	18.7%	26.7%	28.9%	24.4%	17.1%	12.1%
Non-operating income, net	16.1M	9.3M	10.7M	11.3M	22.6M	19.8M	11.6M	14.1M	19.4M	23.3M
Pretax income	15.5M	11.9M	16.3M	20.7M	30.3M	30.6M	23.8M	25.2M	27.5M	29.4M
Income tax	5.1M	-2.8M	4.3M	5.7M	7M	6.8M	5.7M	6.2M	6.9M	7.8M
Net income	10.4M	14.7M	12M	14.9M	23.3M	23.8M	18.1M	19M	20.7M	21.6M
Net margin	30%	41.1%	33.1%	37.1%	57.6%	58.8%	45.5%	50.7%	59%	64.7%
EBITDA	-4.5M	3.2M	4.4M	10.4M	3.5M	10.4M	12.4M	9.7M	6.1M	955K
EPS	1.07	1.52	1.24	1.55	2.43	2.5	1.91	2.02	2.2	—
Diluted EPS	1.07	1.52	1.24	1.55	2.43	2.5	1.91	2.02	2.2	—

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	9.7M	9.6M	9.1M	9M	8.9M	8.8M	9M	8.4M	8.6M	8.6M	8.3M	8M
Cost of revenue	3.7M	3.7M	3.7M	3.7M	3.5M	3.6M	3.6M	3.7M	3.6M	3.5M	3.6M	3.6M
Gross profit	6M	5.9M	5.4M	5.3M	5.3M	5.3M	5.3M	4.7M	5M	5.1M	4.7M	4.4M
Gross margin	61.6%	61.5%	59.3%	59%	60.1%	59.6%	59.6%	55.7%	58%	59.2%	56.4%	54.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.3M	3.2M	3.2M	3.8M	3.5M	3.5M	3.8M	3.8M	3.5M	3.6M	3.7M	4.3M
Operating expenses	4.7M	4.7M	4.4M	3.8M	3.5M	3.5M	3.8M	3.8M	3.5M	3.6M	3.7M	4.3M
Operating income	2.7M	2.7M	2.2M	1.5M	1.8M	1.7M	1.6M	830K	1.5M	1.5M	1M	19K
Operating margin	28.2%	27.8%	24.4%	16.5%	20.8%	19.7%	17.4%	9.9%	17.4%	17.7%	12.1%	0.24%
Non-operating income, net	3.2M	1.4M	5M	4.5M	5.4M	5.3M	5.1M	3.6M	6.6M	5.8M	6.4M	4.5M
Pretax income	6.4M	4.6M	7.7M	6.5M	7.8M	7.6M	7.1M	5M	8.6M	7.8M	7.9M	5M
Income tax	1.5M	1.1M	1.8M	1.7M	1.9M	1.9M	2M	1.1M	2.2M	2.2M	2M	1.4M
Net income	4.9M	3.5M	5.9M	4.8M	5.9M	5.7M	5.2M	4M	6.5M	5.7M	5.9M	3.6M
Net margin	49.9%	36.3%	64.5%	53.1%	66.3%	64.3%	57.6%	47.1%	75.1%	66.4%	71.4%	44.7%
EBITDA	2.7M	4.6M	1.1M	1.3M	977K	1.4M	1.7M	2.1M	322K	1.2M	-351K	-189K
EPS	0.52	0.37	0.62	—	0.62	0.6	0.55	—	0.69	0.6	0.63	—
Diluted EPS	0.52	0.37	0.62	—	0.62	0.6	0.55	—	0.69	0.6	0.63	—

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	169.9M	189M	224.2M	298.9M	293.1M	624.9M	433.2M	341.3M	385.2M	—	373.3M
Enterprise value	146.8M	165.2M	195.9M	276.5M	258.5M	574.4M	377.3M	277.7M	311.3M	—	290.3M
Shares outstanding	9.7M	9.7M	9.7M	9.6M	9.6M	9.5M	9.5M	9.4M	9.4M	—	—

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	16.4	12.8	18.7	20	12.6	26.2	24	17.9	18.6	—	19
P/S	4.92	5.27	6.18	7.42	7.26	15.4	10.9	9.1	11	—	11.5
P/B	4.49	4.34	4.72	5.58	4.37	7.85	5.18	3.76	3.86	—	3.49
EV/EBITDA	-32.8	52.3	44.6	26.5	72.9	55.5	30.5	28.6	50.7	—	60.3
EV/Sales	4.25	4.61	5.4	6.86	6.4	14.2	9.5	7.41	8.88	—	8.82
Earnings yield	6.1%	7.8%	5.36%	5%	7.94%	3.81%	4.17%	5.57%	5.37%	—	5.25%
FCF yield	1.38%	5.03%	5.07%	4.6%	5.54%	3.94%	4.16%	5.23%	5.19%	—	0.55%

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	49.5%	48.5%	51%	54.9%	53.3%	57.3%	61.7%	60.4%	58.8%	57.1%	54.5%
Operating margin	-1.92%	7.17%	14.9%	22.6%	18.7%	26.7%	28.9%	24.4%	17.1%	12.1%	12.8%
Net margin	30%	41.1%	33.1%	37.1%	57.6%	58.8%	45.5%	50.7%	59%	64.7%	60.3%
ROE	27.4%	33.8%	25.3%	27.9%	34.7%	29.9%	21.6%	20.9%	20.8%	20%	18.7%
ROA	12%	17%	13.1%	13.6%	19.2%	18.5%	13.8%	14%	14.3%	14.2%	1.48%
ROIC	-3.02%	13%	20.8%	21.1%	17.9%	28.8%	31.4%	25.3%	17.4%	12.5%	12.5%
Return on tangible assets	12.1%	17%	13.1%	13.6%	19.2%	18.5%	13.8%	14%	14.3%	14.2%	14.2%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.05	1.07	1.24	1.51	1.83	2.58	2.84	3.19	3.38	3.92	4.09
Quick ratio	1.05	1.07	1.24	1.51	1.83	2.58	2.84	3.19	3.38	3.92	3.92
Debt / equity	—	—	0	0.22	0.16	0.09	0.07	0.05	0.04	0.02	0.02
Debt / assets	—	—	0	0.11	0.09	0.06	0.05	0.04	0.02	0.01	0.01
Net debt / EBITDA	—	—	-6.45	-2.15	-9.75	-4.87	-4.53	-6.54	-12	-88.2	-88.2
Effective tax rate	33.1%	0%	26.4%	27.6%	23.1%	22.2%	24%	24.5%	24.9%	26.5%	26.5%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	3.56	3.7	3.74	4.18	4.21	4.25	4.2	3.98	3.73	—	3.5
EPS (basic)	1.07	1.52	1.24	1.55	2.43	2.5	1.91	2.02	2.2	—	—
EPS (diluted)	1.07	1.52	1.24	1.55	2.43	2.5	1.91	2.02	2.2	—	2.11
Book value per share	3.89	4.49	4.91	5.55	6.98	8.34	8.85	9.63	10.6	—	11.5
FCF per share	0.24	0.98	1.17	1.42	1.69	2.58	1.91	1.89	2.12	—	0.22
Cash per share	2.38	2.45	2.92	3.54	4.73	6.06	6.56	7.25	8.22	—	9.43
Capex per share	1.06	0.04	0	0	0	0	0	0	0.02	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	29.7%	1.14%	0.03%	0%	0.08%	0.03%	0.08%	0.04%	0.51%	0%	0%
Capex / operating cash flow	81%	4.22%	0.09%	0.02%	0.13%	0.05%	0.18%	0.08%	0.84%	0%	0%
Payout ratio	63.8%	60.6%	61.3%	51.7%	34.7%	35.3%	52.4%	55.5%	54.6%	56.5%	64%
Dividend yield	3.89%	4.72%	3.28%	2.58%	2.75%	1.35%	2.19%	3.09%	2.93%	—	3.5%

Yield

3.5%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.35

ex-dividend Jul 27, 2026

Payout ratio

64%

of earnings

Dividend growth

6 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 27, 2026	$0.35
Apr 27, 2026	$0.35
Jan 26, 2026	$0.325

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$9.7M	$9.6M	$9.1M	$9M	$8.9M	$8.8M	$9M	$8.4M	$8.6M	$8.6M	$8.3M	$8M
YoY change	-2.02%	-4.53%	-8.39%	-7.36%	-8.82%	-8%	-1.8%	-6.84%	-3.13%	-3.22%	-7.71%	-4.51%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	23.1M	23.8M	28.3M	34.2M	45.4M	57.8M	62.1M	68.3M	77.4M	86.5M
Receivables	1M	1M	1.5M	4.4M	4M	1.7M	2.1M	1.3M	1.3M	1M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	25.8M	26.6M	31.4M	40.5M	51.2M	61.3M	66.1M	71M	79.9M	89.2M
Property, plant & equipment	450K	358K	1.1M	9.5M	8.3M	7.1M	5.8M	4.4M	3.5M	2.2M
Goodwill & intangibles	1M	154K	134K	69K	143K	71K	132K	132K	63K	4K
Total assets	86.7M	86.8M	91.8M	109.7M	121.1M	128.7M	131.1M	136M	144.5M	151.9M
Accounts payable	1.3M	1.9M	2.1M	2.1M	2.1M	1.3M	1.3M	1.4M	1.5M	1.8M
Short-term debt	—	—	—	1.1M	3.4M	1.2M	1.3M	1.2M	1.3M	1.4M
Total current liabilities	24.6M	24.9M	25.4M	26.8M	27.9M	23.8M	23.3M	22.3M	23.7M	22.8M
Long-term debt	—	—	0	10.6M	7.4M	6.1M	4.8M	3.6M	2.3M	867K
Total liabilities	48.9M	43.2M	44.3M	56.2M	54.1M	49.1M	47.4M	45.2M	44.9M	44M
Shareholders' equity	37.9M	43.5M	47.5M	53.5M	67M	79.6M	83.7M	90.8M	99.7M	107.9M
Total debt	—	—	0	11.7M	10.8M	7.4M	6.1M	4.8M	3.6M	2.3M
Net debt	—	—	-6.5M	6.8M	-8.4M	-22.3M	-1.5M	394K	-30.5M	-21.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	64.6M	59.9M	67.3M	68.3M	71.3M	72M	75.8M	77.4M	81.2M	81.4M	84.5M	86.5M
Receivables	1.5M	4.5M	1.3M	1.3M	1.2M	1.3M	1.3M	1.3M	1.3M	1.2M	1.1M	1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	67.5M	65.7M	69.7M	71M	73.6M	74.9M	78.3M	79.9M	83.5M	83.4M	87.1M	89.2M
Property, plant & equipment	5.5M	5.1M	4.8M	4.4M	4.2M	3.9M	3.8M	3.5M	3.2M	2.9M	2.6M	2.2M
Goodwill & intangibles	111K	97K	102K	132K	118K	103K	58K	63K	36K	26K	15K	4K
Total assets	132.3M	130.3M	134.5M	136M	138.6M	140M	143.6M	144.5M	148.2M	147.9M	151M	151.9M
Accounts payable	1.1M	1M	1.1M	1.4M	867K	952K	1.1M	1.5M	991K	783K	1.2M	1.8M
Short-term debt	1.3M	1.3M	1.2M	1.2M	1.2M	1.2M	1.3M	1.3M	1.3M	1.4M	1.4M	1.4M
Total current liabilities	23.3M	21.6M	22M	22.3M	23.2M	21.9M	22.8M	23.7M	23.7M	20.9M	21.4M	22.8M
Long-term debt	4.5M	4.2M	3.9M	3.6M	3.3M	3M	2.6M	2.3M	2M	1.6M	1.2M	867K
Total liabilities	46.8M	44.6M	45.3M	45.2M	44.7M	43.3M	44.6M	44.9M	45.2M	42.4M	43.2M	44M
Shareholders' equity	85.5M	85.7M	89.2M	90.8M	93.9M	96.7M	99M	99.7M	103M	105.5M	107.8M	107.9M
Total debt	5.8M	5.5M	5.1M	4.8M	4.5M	4.2M	3.9M	3.6M	3.3M	2.9M	2.6M	2.3M
Net debt	-3.7M	1.5M	-649K	394K	-11.1M	-7.1M	-22.9M	-30.5M	-30.4M	-40.7M	-43.9M	-21.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	10.4M	14.7M	12M	14.9M	23.3M	23.8M	18.1M	19M	20.7M	21.6M
Depreciation & amortization	4.6M	1.1M	367K	266K	1.3M	1.3M	1.3M	1.4M	1.3M	1.3M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-792K	504K	-355K	-3.7M	824K	230K	-1.3M	289K	92K	-690K
Operating cash flow	12.7M	9.7M	12.6M	11.8M	25M	24.2M	16.9M	19.5M	21.1M	18.6M
Capital expenditure	10.3M	-408K	-11K	-2K	-33K	-11K	-30K	-15K	-178K	0
Investing cash flow	-9.9M	-10M	-12.2M	-8.7M	7.5M	-3.4M	-26M	-10M	21.3M	-15.3M
Dividends paid	-6.6M	-8.9M	-7.4M	-7.7M	-8.1M	-8.4M	-9.5M	-10.6M	-11.3M	-12.2M
Share repurchases	-741K	-354K	-608K	-1.2M	-1.5M	-2.5M	-4.7M	-523K	-453K	-928K
Financing cash flow	-7.4M	-9.3M	-8M	-6.6M	-9.6M	-10.9M	-14.2M	-11.1M	-11.8M	-13.2M
Net change in cash	-4.5M	-9.6M	-7.5M	-3.5M	22.9M	9.9M	-23.3M	-1.6M	30.6M	-9.9M
Free cash flow	2.4M	9.5M	11.4M	13.7M	16.2M	24.6M	18M	17.9M	20M	18.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	4.9M	3.5M	5.9M	4.8M	5.9M	5.7M	5.2M	4M	6.5M	5.7M	5.9M	3.6M
Depreciation & amortization	348K	343K	363K	355K	294K	300K	365K	312K	331K	318K	322K	324K
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-929K	-2.7M	3.8M	112K	-1.7M	-155K	1.1M	790K	-1.2M	-1.3M	1.2M	642K
Operating cash flow	3.6M	782K	9.9M	5.2M	4.5M	5.7M	6.7M	4.2M	5.6M	3M	5.3M	4.8M
Capital expenditure	0	0	-14K	-1K	-4K	-61K	-109K	-4K	—	—	—	0
Investing cash flow	-267K	-3.5M	-3.9M	-2.3M	9.5M	-4.6M	11.6M	4.7M	-2.8M	10.2M	1.3M	-24M
Dividends paid	-2.6M	-2.6M	-2.6M	-2.6M	-2.8M	-2.8M	-2.8M	-2.8M	-3.1M	-3.1M	-3.1M	-3.1M
Share repurchases	-188K	-150K	0	-185K	-179K	1K	-96K	-179K	-59K	-160K	-647K	-62K
Financing cash flow	-2.8M	-2.8M	-2.6M	-2.8M	-3M	-2.8M	-2.9M	-3M	-3.1M	-3.2M	-3.7M	-3.1M
Net change in cash	543K	-5.5M	3.3M	76K	11M	-1.7M	15.4M	6M	-369K	9.9M	2.9M	-22.3M
Free cash flow	5.1M	705K	8.4M	3.7M	4.8M	3M	6.7M	5.5M	5.6M	3M	5.3M	4.8M

Value Line Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement