Value Line Posts $5.9M Q3 Profit as Nine-Month Earnings Rise 8% to $18.1M
Value Line Inc., an investment research and financial publishing firm, reported net income of $5.9 million for the quarter ending January 31, 2026, up 14% from $5.2 million in the prior-year period.
Value Line Inc. (NASDAQ: VALU), an investment research and financial publishing firm, reported net income of $5.9 million for the quarter ending January 31, 2026, up 14% from $5.2 million in the same quarter last year. For the nine months ending January 31, 2026, the company posted net income of $18.1 million, an increase of 8% from $16.7 million in the year-earlier period. Read more earnings reports.
Operating income for the third quarter totaled $1.0 million, down from $1.6 million a year earlier. For the nine-month period, operating income fell to $4.0 million from $5.2 million, reflecting a 22% decline.
Operating expenses declined modestly to $7.3 million in the third quarter from $7.4 million, while nine-month operating expenses edged down to $21.4 million from $21.5 million. Labor and related expenses for the nine months totaled $10.7 million, essentially flat compared to $10.7 million in the prior-year period.
The company's balance sheet strengthened during the period. Total assets increased to $151.0 million as of January 31, 2026, from $144.5 million at the end of fiscal 2025. Cash and cash equivalents surged to $46.5 million from $34.1 million, while short-term investments rose to $46.0 million from $33.6 million.
Cash generated from operations for the nine months was $13.8 million, down from $14.7 million in the prior-year period. The company used $10.0 million in financing activities during the nine months, compared to $8.8 million in the year-earlier period.
Stockholders' equity climbed to $107.8 million as of January 31, 2026, up from $99.7 million at the end of fiscal 2025. Retained earnings grew to $122.3 million from $113.4 million over the same period.
Total liabilities declined to $43.2 million from $44.9 million. Current liabilities fell to $21.4 million from $23.7 million, while deferred revenue increased to $6.4 million from $5.7 million.
Basic earnings per share for the third quarter were $0.63, compared to $0.55 a year earlier. For the nine months, basic EPS rose to $1.92 from $1.78. The weighted average basic share count for the nine months was 9.4 million shares.
Financial Summary
| Metric | Q3 FY2026 | Q3 FY2025 | 9M FY2026 | 9M FY2025 |
|---|---|---|---|---|
| Net Income | $5.9M | $5.2M | $18.1M | $16.7M |
| Operating Income | $1.0M | $1.6M | $4.0M | $5.2M |
| Operating Expenses | $7.3M | $7.4M | $21.4M | $21.5M |
| EPS (Basic) | $0.63 | $0.55 | $1.92 | $1.78 |
| Cash from Operations | — | — | $13.8M | $14.7M |
Balance Sheet Highlights
| Item | Jan 31, 2026 | Apr 30, 2025 |
|---|---|---|
| Total Assets | $151.0M | $144.5M |
| Cash & Equivalents | $46.5M | $34.1M |
| Short-Term Investments | $46.0M | $33.6M |
| Total Liabilities | $43.2M | $44.9M |
| Stockholders' Equity | $107.8M | $99.7M |