10-K · July 29, 2026
Value Line produced higher FY2026 earnings despite continued erosion in its core Publishing segment: total publishing revenue fell 4.7% to $33.447 million and operating income fell 32.6% to $4.031 million. Higher EAM…
Earnings analysis · 10-Q
VALU earnings analysis
Filed September 14, 2026 · Our reading of the company's report
The latest report
Value Line’s reported revenue was broadly stable at $8.009 million, but operating margin collapsed to 0.2% and diluted EPS fell to $0.38 from $0.63 in the prior quarter. The balance sheet includes meaningful…
Read full summary
Value Line’s reported revenue was broadly stable at $8.009 million, but operating margin collapsed to 0.2% and diluted EPS fell to $0.38 from $0.63 in the prior quarter. The balance sheet includes meaningful market-sensitive investments, including $35.564 million of equity securities and ETFs and $36.878 million of fixed-income securities at July 31, 2026. Continued repurchases, including 2,920 shares during the quarter, provide some shareholder support, but the sharp profitability deterioration and increased equity exposure drive a bearish assessment.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.38
What stood out
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Revenue remained broadly stable
Revenue was $8.009 million, approximately flat versus $8 million in the prior quarter and prior-year quarter, while gross margin remained 100.0%.
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Operating profitability deteriorated sharply
Operating margin fell to 0.2% from 12.1% in the prior quarter and 9.9% in the prior-year quarter, indicating substantial operating deleverage.
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EPS declined year over year
Diluted EPS declined to $0.38 from $0.63 in the prior quarter and $0.42 in the prior-year quarter.
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Fixed-income portfolio increased modestly
The company held fixed-income securities with fair value of $36.878 million at July 31, 2026, versus $36.683 million at April 30, 2026.
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Equity portfolio expanded
Equity securities and ETFs had fair value of $35.564 million at July 31, 2026, up from $25.603 million at April 30, 2026.
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Share repurchases continued
The company repurchased 2,920 shares during the quarter at an average price of $33.97, with $1.989 million remaining under the renewed authorization.
What to watch
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Greater equity-market sensitivity
Equity-market exposure increased materially: equity securities and ETFs had fair value of $35.564 million versus $25.603 million at April 30, 2026. A hypothetical 30% price decline would reduce estimated shareholders’ equity by 7.72%.
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Interest-rate valuation risk
Interest-rate movements expose the fixed-income portfolio to valuation volatility. At July 31, 2026, a hypothetical 100-basis-point rate increase reduced estimated fixed-income fair value from $36.878 million to $36.509 million.
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Near-breakeven operating performance
Operating performance weakened sharply despite stable revenue: operating margin was 0.2% and diluted EPS was $0.38, compared with 12.1% and $0.63, respectively, in the prior quarter.
Management's outlook
The filing provides no quantitative revenue or EPS guidance. Outlook and liquidity commentary sufficient to establish a numeric forecast were not provided in the extracted text.
Earlier filings 4
10-Q · March 17, 2026
Value Line, Inc. reported a solid performance in its Q3 2026 results with a 14.5% increase in net income to $5.91 million and earnings per share rising to $0.63. While overall revenues experienced a decline of 7.7% in…
10-Q · December 15, 2025
In Q2 2025, Value Line, Inc. reported total revenues of $8.556 million, a decrease of 3.2% year-over-year, while net income remained stable at $5.682 million and earnings per share (EPS) was $0.60. Although operating…
10-Q · September 15, 2025
Value Line, Inc. reported a YoY net income increase of 9.7% to $6.46 million, with EPS rising to $0.69. Revenue decreased by 3.1% compared to the same period last year, driven by a decline in publishing revenues,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.