Value Line Inc
VALU Nasdaq Investment Advice Financials FY2015–FY2026
Last close · Oct 23, 2026
$43.09
1.7%
Revenue
Total sales reported in the income statement.
$33.4M
4.7%
vs prior year
Operating margin
Operating income as a share of revenue.
12.1%
5.0 pts
Net income
Profit after all expenses, interest and tax.
$21.6M
4.6%
Free cash flow
Cash from operations minus capital spending.
$18.6M
7.4%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
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What Value Line Inc does
No business description yet.
- Legal name
- VALUE LINE INC
- Fiscal year ends
- April 30, 2026
- Latest annual report
- 10-K · Jul 29, 2026
- Accession · CIK
- 0001437749-26-024817
0000717720
Revenue and margins
Value Line Inc had $33.4M of revenue in fiscal 2026, down 4.7% on the year before.
FY15
Revenue $35.5M
FY16
Revenue $34.5M
FY17
Revenue $42.7M
FY18
Revenue $35.9M
FY21
Revenue $36.3M
FY22
Revenue $40.5M
FY23
Revenue $39.7M
FY24
Revenue $37.5M
FY25
Revenue $35.1M
FY26
Revenue $33.4M
Q2 '24
Revenue $9.6M
Q3 '24
Revenue $9.1M
Q4 '24
Revenue $9.0M
Q1 '25
Revenue $8.9M
Q2 '25
Revenue $8.8M
Q3 '25
Revenue $9.0M
Q4 '25
Revenue $8.4M
Q1 '26
Revenue $8.6M
Q2 '26
Revenue $8.6M
Q3 '26
Revenue $8.3M
Q4 '26
Revenue $8.0M
Q1 '27
Revenue $8.1M
FY15
Gross —
Operating 6.8%
Net 20.5%
FCF 3.6%
FY16
Gross —
Operating 5.4%
Net 21.1%
FCF 5.1%
FY17
Gross —
Operating 17.5%
Net 24.3%
FCF 6.5%
FY18
Gross —
Operating 7.2%
Net 41.1%
FCF 26.5%
FY21
Gross —
Operating 14.9%
Net 33.1%
FCF 31.7%
FY22
Gross —
Operating 26.7%
Net 58.8%
FCF 60.8%
FY23
Gross —
Operating 28.9%
Net 45.5%
FCF 45.7%
FY24
Gross —
Operating 24.4%
Net 50.7%
FCF 47.8%
FY25
Gross —
Operating 17.1%
Net 59.0%
FCF 57.2%
FY26
Gross —
Operating 12.1%
Net 64.7%
FCF 55.6%
Gross
Operating
Net
FCF
Q2 '24
Gross —
Operating 27.8%
Net 36.3%
FCF 7.3%
Q3 '24
Gross —
Operating 24.4%
Net 64.5%
FCF 91.9%
Q4 '24
Gross —
Operating 16.5%
Net 53.1%
FCF 41.8%
Q1 '25
Gross —
Operating 20.8%
Net 66.3%
FCF 53.7%
Q2 '25
Gross —
Operating 19.7%
Net 64.3%
FCF 34.1%
Q3 '25
Gross —
Operating 17.4%
Net 57.6%
FCF 75.3%
Q4 '25
Gross —
Operating 9.9%
Net 47.1%
FCF 66.0%
Q1 '26
Gross —
Operating 17.4%
Net 75.1%
FCF 64.6%
Q2 '26
Gross —
Operating 17.7%
Net 66.4%
FCF 34.5%
Q3 '26
Gross —
Operating 12.1%
Net 71.4%
FCF 63.9%
Q4 '26
Gross —
Operating 0.2%
Net 44.7%
FCF 59.7%
Q1 '27
Gross —
Operating 12.8%
Net 57.8%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY15
Net income $7.3M
FY16
Net income $7.3M
FY17
Net income $10.4M
FY18
Net income $14.7M
FY21
Net income $12.0M
FY22
Net income $23.8M
FY23
Net income $18.1M
FY24
Net income $19.0M
FY25
Net income $20.7M
FY26
Net income $21.6M
Q2 '24
Net income $3.5M
Q3 '24
Net income $5.9M
Q4 '24
Net income $4.8M
Q1 '25
Net income $5.9M
Q2 '25
Net income $5.7M
Q3 '25
Net income $5.2M
Q4 '25
Net income $4.0M
Q1 '26
Net income $6.5M
Q2 '26
Net income $5.7M
Q3 '26
Net income $5.9M
Q4 '26
Net income $3.6M
Q1 '27
Net income $4.7M
FY15
Diluted EPS $0.74
FY16
Diluted EPS $0.75
FY17
Diluted EPS $1.07
FY18
Diluted EPS $1.52
FY21
Diluted EPS $1.24
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
FY26
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY15
Return on capital —
Return on equity 21.2%
Return on assets 8.3%
FY16
Return on capital —
Return on equity 21.1%
Return on assets 8.4%
FY17
Return on capital —
Return on equity 28.6%
Return on assets 12.0%
FY18
Return on capital —
Return on equity 36.2%
Return on assets 17.0%
FY21
Return on capital 12.5%
Return on equity 17.9%
Return on assets 9.9%
FY22
Return on capital 40.0%
Return on equity 32.5%
Return on assets 19.1%
FY23
Return on capital —
Return on equity 22.1%
Return on assets 13.9%
FY24
Return on capital —
Return on equity 21.8%
Return on assets 14.2%
FY25
Return on capital —
Return on equity 21.7%
Return on assets 14.7%
FY26
Return on capital —
Return on equity 20.8%
Return on assets 14.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $18.6M in fiscal 2026, 55.6% of revenue. Cash from operations minus capital spending.
FY15
Free cash flow $1.3M
FY16
Free cash flow $1.8M
FY17
Free cash flow $2.8M
FY18
Free cash flow $9.5M
FY21
Free cash flow $11.5M
FY22
Free cash flow $24.6M
FY23
Free cash flow $18.1M
FY24
Free cash flow $17.9M
FY25
Free cash flow $20.1M
FY26
Free cash flow $18.6M
Q2 '24
Free cash flow $0.7M
Q3 '24
Free cash flow $8.4M
Q4 '24
Free cash flow $3.8M
Q1 '25
Free cash flow $4.8M
Q2 '25
Free cash flow $3.0M
Q3 '25
Free cash flow $6.8M
Q4 '25
Free cash flow $5.5M
Q1 '26
Free cash flow $5.6M
Q2 '26
Free cash flow $3.0M
Q3 '26
Free cash flow $5.3M
Q4 '26
Free cash flow $4.8M
Q1 '27
Free cash flow —
FY15
Cash from operations $1.4M
Capital spending $0.1M
FY16
Cash from operations $2.0M
Capital spending $0.2M
FY17
Cash from operations $4.0M
Capital spending $1.3M
FY18
Cash from operations $9.9M
Capital spending $0.4M
FY21
Cash from operations $11.5M
Capital spending $0.0M
FY22
Cash from operations $24.6M
Capital spending $0.0M
FY23
Cash from operations $18.2M
Capital spending $0.0M
FY24
Cash from operations $17.9M
Capital spending $0.0M
FY25
Cash from operations $20.2M
Capital spending $0.2M
FY26
Cash from operations $18.6M
Capital spending $0.0M
Cash from operations
Capital spending
Q2 '24
Cash from operations $0.7M
Capital spending $0.0M
Q3 '24
Cash from operations $8.4M
Capital spending $0.0M
Q4 '24
Cash from operations $3.8M
Capital spending $0.0M
Q1 '25
Cash from operations $4.8M
Capital spending $0.0M
Q2 '25
Cash from operations $3.1M
Capital spending $0.1M
Q3 '25
Cash from operations $6.9M
Capital spending $0.1M
Q4 '25
Cash from operations $5.5M
Capital spending $0.0M
Q1 '26
Cash from operations $5.6M
Capital spending $0.0M
Q2 '26
Cash from operations $3.0M
Capital spending $0.0M
Q3 '26
Cash from operations $5.3M
Capital spending $0.0M
Q4 '26
Cash from operations $4.8M
Capital spending $0.0M
Q1 '27
Cash from operations $4.7M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Value Line Inc returned $13.2M to shareholders in fiscal 2026, 71% of free cash flow. The diluted share count rose 0.0%.
FY15
Dividends $5.9M
Buybacks $0.1M
FY16
Dividends $6.2M
Buybacks $0.8M
FY17
Dividends $6.6M
Buybacks $0.7M
FY18
Dividends $8.9M
Buybacks $0.4M
FY21
Dividends $7.4M
Buybacks $0.6M
FY22
Dividends $8.4M
Buybacks $2.5M
FY23
Dividends $9.5M
Buybacks $4.7M
FY24
Dividends $10.6M
Buybacks $0.5M
FY25
Dividends $11.3M
Buybacks $0.5M
FY26
Dividends $12.2M
Buybacks $0.9M
Dividends
Buybacks
Q2 '24
Dividends $2.6M
Buybacks $0.2M
Q3 '24
Dividends $2.6M
Buybacks $0.0M
Q4 '24
Dividends $2.6M
Buybacks $0.2M
Q1 '25
Dividends $2.8M
Buybacks $0.2M
Q2 '25
Dividends $2.8M
Buybacks −$0.0M
Q3 '25
Dividends $2.8M
Buybacks $0.1M
Q4 '25
Dividends $2.8M
Buybacks $0.2M
Q1 '26
Dividends $3.1M
Buybacks $0.1M
Q2 '26
Dividends $3.1M
Buybacks $0.2M
Q3 '26
Dividends $3.1M
Buybacks $0.6M
Q4 '26
Dividends $3.1M
Buybacks $0.1M
Q1 '27
Dividends $3.3M
Buybacks $0.1M
Dividends
Buybacks
FY15
Diluted shares 0.01B
FY16
Diluted shares 0.01B
FY17
Diluted shares 0.01B
FY18
Diluted shares 0.01B
FY21
Diluted shares 0.01B
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
FY26
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Value Line Inc can carry it.
FY15
Cash $11.1M
Debt —
FY16
Cash $25.2M
Debt —
FY17
Cash $12.6M
Debt —
FY18
Cash $10.9M
Debt —
FY21
Cash $37.4M
Debt $2.3M
FY22
Cash $58.7M
Debt $0.0M
FY23
Cash $14.8M
Debt —
FY24
Cash $4.4M
Debt —
FY25
Cash $67.7M
Debt —
FY26
Cash $47.9M
Debt —
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $58.7M | $14.8M | $4.4M | $67.7M | $47.9M |
| Debt incl. finance leases | $0.0M | — | — | — | — |
| Net debt / EBITDA | −4.8x | — | — | — | — |
| Debt / equity | 0.0x | — | — | — | — |
| Current ratio | 2.6x | 2.8x | 3.2x | 3.4x | 3.9x |
| Quick ratio | 2.6x | 2.8x | 3.2x | 3.4x | 3.9x |
| Total assets | $129M | $131M | $136M | $145M | $152M |
| Total liabilities | $49.1M | $47.4M | $45.2M | $44.9M | $44.0M |
| Shareholders' equity | $79.6M | $83.7M | $90.8M | $99.7M | $108M |
| Net debt (− = net cash) | −$58.7M | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY15 | FY16 | FY17 | FY18 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✓ | ✓ | — | ✓ | ✕ | ✓ | ✓ | ✕ |
| Cash from operations exceeds net income | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✕ |
| Debt fell relative to assets | — | — | — | — | — | ✓ | — | — | — | — |
| Current ratio rose | — | ✓ | ✓ | ✓ | — | ✓ | ✓ | ✓ | ✓ | ✓ |
| Share count didn't rise | — | ✓ | ✓ | ✓ | — | — | — | — | — | — |
| Gross margin rose | — | — | — | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | ✕ | ✓ | ✕ | — | ✓ | ✕ | ✕ | ✕ | ✕ |
| F-score | — / 3 | 5 / 7 | 6 / 7 | 5 / 7 | — / 3 | 7 / 7 | — / 6 | — / 6 | — / 6 | — / 6 |
| Accruals ratio | 6.7% | 6.1% | 7.3% | 5.6% | 0.4% | −0.7% | −0.1% | 0.8% | 0.3% | 2.1% |
| Altman Z'' | 1.60 | 1.70 | 2.96 | 3.07 | 4.81 | 6.40 | 6.97 | 7.41 | 7.72 | 8.25 |
10 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY15 | FY16 | FY17 | FY18 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $35.5M | $34.5M | $42.7M | $35.9M | $36.3M | $40.5M | $39.7M | $37.5M | $35.1M | $33.4M |
| Operating income | $2.4M | $1.9M | $7.5M | $2.6M | $5.4M | $10.8M | $11.5M | $9.1M | $6.0M | $4.0M |
| Pretax income | $10.5M | $10.0M | $15.5M | $11.9M | $16.3M | $30.6M | $23.8M | $25.2M | $27.5M | $29.4M |
| Income tax | $3.2M | $2.7M | $5.1M | −$2.8M | $4.3M | $6.8M | $5.7M | $6.2M | $6.9M | $7.8M |
| Net income | $7.3M | $7.3M | $10.4M | $14.7M | $12.0M | $23.8M | $18.1M | $19.0M | $20.7M | $21.6M |
| Diluted EPS | $0.74 | $0.75 | $1.07 | $1.52 | $1.24 | — | — | — | — | — |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | — | — | — | — | — |
| Cash flow | ||||||||||
| Cash from operations | $1.4M | $2.0M | $4.0M | $9.9M | $11.5M | $24.6M | $18.2M | $17.9M | $20.2M | $18.6M |
| Capital expenditure | $0.1M | $0.2M | $1.3M | $0.4M | $0.0M | $0.0M | $0.0M | $0.0M | $0.2M | $0.0M |
| Free cash flow | $1.3M | $1.8M | $2.8M | $9.5M | $11.5M | $24.6M | $18.1M | $17.9M | $20.1M | $18.6M |
| Depreciation and amortization | $2.7M | $3.8M | $4.6M | $1.1M | $0.4M | $1.3M | $1.3M | $1.4M | $1.3M | $1.3M |
| Share buybacks | $0.1M | $0.8M | $0.7M | $0.4M | $0.6M | $2.5M | $4.7M | $0.5M | $0.5M | $0.9M |
| Dividends paid | $5.9M | $6.2M | $6.6M | $8.9M | $7.4M | $8.4M | $9.5M | $10.6M | $11.3M | $12.2M |
| Dividends and buybacks | $6.0M | $7.0M | $7.4M | $9.3M | $8.0M | $10.9M | $14.2M | $11.1M | $11.8M | $13.2M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $11.1M | $25.2M | $12.6M | $10.9M | $37.4M | $58.7M | $14.8M | $4.4M | $67.7M | $47.9M |
| Total debt | — | — | — | — | $2.3M | $0.0M | — | — | — | — |
| Current assets | $18.8M | $20.0M | $25.8M | $26.6M | $51.2M | $61.3M | $66.1M | $71.0M | $79.9M | $89.2M |
| Current liabilities | $26.2M | $26.3M | $24.6M | $24.9M | $27.9M | $23.8M | $23.3M | $22.3M | $23.7M | $22.8M |
| Property and equipment, net | $3.7M | $3.6M | $1.2M | $1.4M | $8.3M | $7.1M | $5.8M | $4.4M | $3.5M | $2.2M |
| Total assets | $87.4M | $86.5M | $86.7M | $86.8M | $121M | $129M | $131M | $136M | $145M | $152M |
| Total liabilities | $53.0M | $51.9M | $48.9M | $43.2M | $54.1M | $49.1M | $47.4M | $45.2M | $44.9M | $44.0M |
| Shareholders' equity | $34.4M | $34.6M | $37.9M | $43.5M | $67.0M | $79.6M | $83.7M | $90.8M | $99.7M | $108M |
| Margins | ||||||||||
| Operating margin | 6.8% | 5.4% | 17.5% | 7.2% | 14.9% | 26.7% | 28.9% | 24.4% | 17.1% | 12.1% |
| EBITDA margin | 14.4% | 16.5% | 28.3% | 10.3% | 15.9% | 29.9% | 32.3% | 28.1% | 20.7% | 15.9% |
| Net margin | 20.5% | 21.1% | 24.3% | 41.1% | 33.1% | 58.8% | 45.5% | 50.7% | 59.0% | 64.7% |
| FCF margin | 3.6% | 5.1% | 6.5% | 26.5% | 31.7% | 60.8% | 45.7% | 47.8% | 57.2% | 55.6% |
| Returns | ||||||||||
| Return on capital | — | — | — | — | 12.5% | 40.0% | — | — | — | — |
| Return on capital employed | 3.9% | 3.1% | 12.0% | 4.2% | 5.8% | 10.3% | 10.6% | 8.0% | 5.0% | 3.1% |
| Return on equity | 21.2% | 21.1% | 28.6% | 36.2% | 17.9% | 32.5% | 22.1% | 21.8% | 21.7% | 20.8% |
| Return on assets | 8.3% | 8.4% | 12.0% | 17.0% | 9.9% | 19.1% | 13.9% | 14.2% | 14.7% | 14.6% |
| Return on tangible equity | 21.2% | 21.1% | 27.4% | 33.8% | 17.9% | 29.9% | 21.6% | 20.9% | 20.8% | 20.0% |
| Growth | ||||||||||
| Revenue growth | — | −2.8% | 23.6% | −16.0% | — | 11.8% | −2.0% | −5.6% | −6.4% | −4.7% |
| Net income growth | — | −0.0% | 42.2% | 42.2% | — | 98.4% | −24.1% | 5.2% | 8.8% | 4.6% |
| EPS growth | — | 1.4% | 42.7% | 42.1% | — | — | — | — | — | — |
| FCF growth | — | 38.1% | 55.3% | 244.2% | — | 114.5% | −26.3% | −1.3% | 12.0% | −7.4% |
| Share count change | — | −0.3% | −0.6% | −0.2% | — | — | — | — | — | — |
| Financial health | ||||||||||
| Net debt / EBITDA | — | — | — | — | −6.1x | −4.8x | — | — | — | — |
| Debt / equity | — | — | — | — | 0.0x | 0.0x | — | — | — | — |
| Current ratio | 0.7x | 0.8x | 1.0x | 1.1x | 1.8x | 2.6x | 2.8x | 3.2x | 3.4x | 3.9x |
| Quick ratio | 0.7x | 0.8x | 1.0x | 1.1x | 1.8x | 2.6x | 2.8x | 3.2x | 3.4x | 3.9x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.3% | 0.7% | 3.0% | 1.1% | 0.0% | 0.0% | 0.1% | 0.0% | 0.5% | 0.0% |
| Payouts / FCF | 467.0% | 391.8% | 266.6% | 97.7% | 69.4% | 44.2% | 78.1% | 61.9% | 58.6% | 70.8% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 5.0 | 6.0 | 5.0 | — | 7.0 | — | — | — | — |
| Altman Z'' | 1.6 | 1.7 | 3.0 | 3.1 | 4.8 | 6.4 | 7.0 | 7.4 | 7.7 | 8.2 |
| Accruals ratio | 6.7% | 6.1% | 7.3% | 5.6% | 0.4% | −0.7% | −0.1% | 0.8% | 0.3% | 2.1% |
Source: SEC EDGAR XBRL filings (CIK 0000717720). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.