SEC 10-Q

VALUE LINE 10-Q Shows Net Income Plunges 60% to $0.8M, Cash Flow Drops 20% Amid Fee Pressure

Value Line's Q3 2026 10-Q reveals significant financial deterioration. The core profitability metric, net income, collapsed by 60% year-over-year to just $0.8 million, driven by a 9% revenue decline. Both main revenue lines—investment management and publishing/data fees—showed weakness, with the former down 13%. While the company maintains a fortress balance sheet with nearly $50 million in cash and no debt, the operational trends are concerning. The 20% decline in operating cash flow for the nine-month period underscores that the earnings drop is not merely an accounting artifact but reflects a genuine tightening of cash generation. Management's response continues to be financial engineering via share buybacks, but this does not address the underlying business pressures. The filing paints a picture of a legacy franchise facing secular challenges in a competitive data and asset management landscape.

Ticker

VALU

Form

10-Q