V
VALUE LINE INC
VALUCIK 0000717720NasdaqNon-AcceleratedInvestment AdviceNew YorkFY ends Apr 30
Period
FY 2025
Revenue
—
Net Income
$20.69M
Total Assets
$144.53M
Equity
$99.68M
Shares Out
9.39M
Op. Cash Flow
$20.24M
Business
VALUE LINE INC produces investment research and periodicals and licenses proprietary rankings, trademarks and copyrights for use in third-party managed investment products and services. It offers comprehensive and niche investment publications, digital research platforms, investment analysis software, and current and historical financial databases covering stocks, mutual funds, ETFs and options. The company’s activities are organized across publishing (Value Line Publishing LLC), copyright licensing programs, interests in investment management through EULAV Asset Management Trust, and distribution/advertising subsidiaries. Its products are marketed to individual and professional investors, institutions and libraries and distributed via subscriptions, digital platforms, fund sponsors and brokerage networks.
Summary from filing dated 2025-07-29
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Investment periodicals and related publications | 35 | 37 | 40 | 41 | 40 | |
| Advertising and promotion | 4 | 3 | 3 | 3 | 4 | |
| Salaries and employee benefits | 14 | 15 | 15 | 17 | 19 | |
| Production and distribution | 6 | 5 | 5 | 5 | 5 | |
| Office and administration | 5 | 5 | 5 | 4 | 5 | |
| Total expenses | 29 | 28 | 28 | 30 | 33 | |
| Income from operations | 6 | 9 | 11 | 11 | 8 | |
| Revenues interest in EAM Trust | 16 | 12 | 10 | 16 | 15 | |
| Profits interest in EAM Trust | 2 | 1 | 734,000 | 2 | 2 | |
| Investment gains | 3 | 3 | 1 | −534,000 | 5 | |
| Income before income taxes | 28 | 25 | 24 | 31 | 30 | |
| Income tax provision | 7 | 6 | 6 | 7 | 7 | |
| Net income | 21 | 19 | 18 | 24 | 23 | |
| Earnings per share, basic & fully diluted (in dollars per share) | 2.2 | 2.02 | 1.91 | 2.5 | 2.43 | |
| Weighted average number of common shares (in shares) | 9 | 9 | 9 | 10 | 10 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents (including short term investments of $33,615 and $4,136, respectively) | 34 | 4 | 8 | 30 | — | |
| Equity securities | 21 | 16 | 15 | 18 | — | |
| Available-for-sale Fixed Income securities | 22 | 48 | 40 | 10 | — | |
| Accounts receivable, net of allowance for credit losses of $16 and $31, respectively | 1 | 1 | 2 | 2 | — | |
| Prepaid and refundable income taxes | 42,000 | 209,000 | 425,000 | 588,000 | — | |
| Prepaid expenses and other current assets | 1 | 1 | 1 | 1 | — | |
| Total current assets | 80 | 71 | 66 | 61 | — | |
| Investment in EAM Trust | 61 | 60 | 59 | 60 | — | |
| Restricted money market investments | 305,000 | 305,000 | 305,000 | 305,000 | 305,000 | |
| Property and equipment, net | 3 | 4 | 6 | 7 | — | |
| Capitalized software and other intangible assets, net | 63,000 | 132,000 | 132,000 | 71,000 | — | |
| Total long term assets | 65 | 65 | 65 | 67 | — | |
| Total assets | 145 | 136 | 131 | 129 | — | |
| Accounts payable and accrued liabilities | 2 | 1 | 1 | 1 | — | |
| Accrued salaries | 1 | 1 | 961,000 | 1 | — | |
| Dividends payable | 3 | 3 | 3 | 2 | — | |
| Accrued taxes on income | 43,000 | 7,000 | 307,000 | 2,000 | — | |
| Operating lease obligation-short term | 1 | 1 | 1 | 1 | — | |
| Unearned revenue | 17 | 16 | 17 | 18 | — | |
| Total current liabilities | 24 | 22 | 23 | 24 | — | |
| Unearned revenue | 6 | 7 | 6 | 6 | — | |
| Operating lease obligation-long term | 2 | 4 | 5 | 6 | — | |
| Deferred income taxes | 13 | 13 | 13 | 13 | — | |
| Total long term liabilities | 21 | 23 | 24 | 25 | — | |
| Total liabilities | 45 | 45 | 47 | 49 | — | |
| Common stock, $0.10 par value; authorized 30,000,000 shares; issued 10,000,000 shares | 1 | 1 | 1 | 1 | — | |
| Additional paid-in capital | 991,000 | 991,000 | 991,000 | 991,000 | — | |
| Retained earnings | 113 | 104 | 96 | 88 | — | |
| Treasury stock, at cost (588,997 shares and 577,517 shares, respectively) | −16 | −15 | −15 | −10 | — | |
| Accumulated other comprehensive income, net of tax | −66,000 | −253,000 | 374,000 | −24,000 | — | |
| Total shareholders' equity | 100 | 91 | 84 | 80 | — | |
| Total liabilities and shareholders' equity | 145 | 136 | 131 | 129 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1 | 1 | 1 | 1 | 1 | |
| Investment (gains)/losses | −559,000 | −287,000 | 125,000 | 1 | −5 | |
| Revenues distribution received from EAM Trust | 16 | 11 | 11 | 17 | 14 | |
| Profits distributions received from EAM Trust | 2 | 1 | 1 | 2 | 2 | |
| Deferred rent | −1 | −1 | −1 | −1 | −962,000 | |
| Deferred income taxes | 283,000 | 92,000 | 20,000 | −89,000 | 543,000 | |
| Unearned revenue | 9,000 | −692,000 | −800,000 | −1 | 350,000 | |
| Accounts payable & accrued expenses | 98,000 | 167,000 | −51,000 | −763,000 | 21,000 | |
| Accrued salaries | 141,000 | 59,000 | −176,000 | −26,000 | 18,000 | |
| Accrued taxes on income | 5,000 | −462,000 | 185,000 | 321,000 | −1 | |
| Prepaid and refundable income taxes | 167,000 | 216,000 | 163,000 | 28,000 | −616,000 | |
| Prepaid expenses and other current assets | 35,000 | 303,000 | −215,000 | 34,000 | 39,000 | |
| Accounts receivable | −15,000 | 814,000 | −447,000 | 2 | 453,000 | |
| Total adjustments | −443,000 | −1 | 109,000 | 824,000 | −7 | |
| Net cash provided by operating activities | 20 | 18 | 18 | 25 | 16 | |
| Proceeds from sales of equity securities | 3 | 1 | 5 | 12 | 8 | |
| Purchases of equity securities | −7 | −3 | −2 | −8 | −13 | |
| Proceeds from sales of Fixed Income securities | 43 | 37 | 10 | 2 | 15 | |
| Purchases of Fixed Income securities | −18 | −46 | −39 | −10 | −3 | |
| Acquisition of property and equipment | −178,000 | −15,000 | −30,000 | −11,000 | −33,000 | |
| Expenditures for capitalized software | −59,000 | −62,000 | −110,000 | 0 | −145,000 | |
| Net cash provided by/(used in) investing activities | 21 | −10 | −26 | −3 | 7 | |
| us-gaap_PaymentsForRepurchaseOfCommonStock | 453,000 | 523,000 | 5 | −2 | −2 | |
| Dividends paid | −11 | −11 | −9 | −8 | −8 | |
| Net cash used in financing activities | −12 | −11 | −14 | −11 | −10 | |
| Net change in cash and cash equivalents | 30 | −3 | −22 | 10 | 14 |
Filings
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