Short answer
VALUE LINE INC (VALU) filed its fiscal 2026 10-K annual report with the SEC on Jul 29, 2026. It reported revenue of $33M (−4.7% year over year) and net income of $22M.
- Top risk flagged: Regulatory risk: Compliance under Investment Company Act of 1940 and SEC/FINRA oversight with potential sanctions impacting EAM, ES, and Value Line Funds
FY2026 key financial metrics · XBRL
- Revenue
- $33M
- −4.7% YoY
- Net income
- $22M
- +4.6% YoY
- Operating margin
- 12.1%
- −5.0 pp YoY
- EPS (diluted)
- $2.30
- +4.5% YoY
- ROE
- 20.0%
- −0.7 pp YoY
- Operating cash flow
- $19M
- −8.2% YoY
Source: XBRL data from the VALUE LINE INC (VALU) FY2026 10-K on SEC EDGAR. USD.
VALUE LINE INC FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Investment periodicals, proprietary research, copyrights licensing, digital platforms for stocks, ETFs, mutual funds, options
- New emphasis: Expansion of monthly digital newsletters including The Value Line Climate Change Investing Service (since April 2021) and The Value Line M&A Service (since Sept 2020)
- Strategic shift: Outsourcing print publication distribution after April 30, 2024, reducing in-house logistical operations
- Notable metric: Total assets managed by EAM $3.72B at April 30, 2026, down 20.4% from $4.68B prior year
- Unusual fact: Value Line holds a 50% non-voting profits interest in EAM with no control over its management, a unique profit-sharing arrangement
Management Discussion & Analysis
- Revenue $33.4M, down 4.7% YoY from $35.1M in 2025; Publishing segment sole reportable segment with $23.9M in periodicals, down 3.3%
- Net income $21.6M, up 4.6% YoY from $20.7M; operating income $4.0M, down 32.6% YoY from $6.0M; operating margin ~12.1% vs ~17.1%
- Best performing segment: EAM non-voting revenues and profits $19.0M, up 3.6%; worst: Publishing revenue down 3.3% with print revenue down 3.8%
- Cash flow: operating inflows $18.6M; investing outflows $15.3M driven by investment in short-term govt securities; financing outflows $13.2M including $12.2M dividends and $0.9M share repurchases
- Management outlook: AI-driven economic growth supports earnings; inflation and potential Fed rate hikes pose risks; cautious on market volatility, equity valuations remain supported
Risk Factors
- Regulatory risk: Compliance under Investment Company Act of 1940 and SEC/FINRA oversight with potential sanctions impacting EAM, ES, and Value Line Funds
- Geopolitical/macroeconomic risk: Market declines or recession reducing EAM’s assets under management, thereby lowering fee income and cash flow from EAM
- Operational/supply chain risk: Future pandemic outbreaks disrupting printing, distribution, and supply operations critical to the print publishing business
- Competitive risk: Intense competition from larger investment management firms and low-cost internet information providers affecting EAM and publishing businesses
- Financial/structural risk: Controlling stockholder AB&Co. owns 91.98% voting stock, exercising full voting control including election/removal of all directors
Generated from the filing text; verify against the original. How to read a 10-K
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