Core Viewpoint - Value Line, Inc. has declared a quarterly cash dividend of $0.325 per common share, with an appointment of a new board member, Dr. Alexander J. Swistel, to enhance its governance structure [1] Company Announcements - The quarterly cash dividend is payable on February 10, 2026, to stockholders of record on January 26, 2026 [1] - As of January 16, 2026, the company has 9,387,957 shares of common stock outstanding [1] - Dr. Alexander J. Swistel has been appointed to the Board of Directors and the Audit Committee [1] Company Overview - Value Line is recognized as a leading provider of investment research, with its Investment Survey being one of the most widely used sources of independent equity research [2] - The company publishes proprietary investment research in both print and digital formats [2] Specialized Services - Value Line Select: Monthly recommendations of one exceptional stock with superior profit potential [3] - Value Line Special Situations Service: Monthly recommendations of small and mid-cap stocks with high return potential [3] - Value Line Select ETFs: Monthly identification of one ETF expected to outperform the market [3] - Value Line Select: Dividend Income & Growth: Monthly recommendations of two stocks expected to provide above-average current income and long-term dividend growth [4] - Value Line ETFs Service: Data and analysis on over 2,800 ETFs to assist in portfolio selection [4] - Value Line M&A Service: Monthly highlight of a company likely to be acquired at a premium [5] - Value Line Information You Should Know: Focus on financial planning and investment issues relevant to investors [5] - Value Line Climate Change Investing Service: Targeting climate change as a critical issue for future economic transformation [6] - Value Line Options Survey: Information and rankings on over 600,000 options covering 90% of the market [6] - Value Line Fund Adviser Plus: Covers approximately 19,000 funds with a proprietary ranking system [7] - Value Line Investment Survey: Offers financial information and analysis on around 1,800 small and mid-cap companies [8] - Value Line 600: In-depth research on 600 large and prominent companies [8]

Core Insights - Value Line, founded in 1931, is a historic investment research service that remains publicly listed on Nasdaq despite a tumultuous history involving family feuds and fraud allegations [1][3][14] Company History - The company was established by Arnold Bernhard, who created a rating system for stocks that gained popularity, leading to significant sales growth [4][6] - At its peak, Value Line had nearly 300,000 subscribers, including notable investors like Warren Buffett [5] Family Feud - A conflict arose between siblings Jean and Van Bernhard after their father's death, leading to legal battles over control of the company [7][8] - Jean Bernhard, who took control of the company, was known for her authoritarian management style, which included strict workplace policies [11] Legal Issues - In 2004, a federal investigation into Value Line began due to allegations of inflated commissions and kickbacks, culminating in a settlement with the SEC in 2009 [13][14] - Jean Buttner was barred from running the company and had to relinquish control, although she extracted significant funds from the company prior to her departure [16] Current Business Status - Value Line continues to operate profitably, though its publishing revenue has declined from USD 35.3 million in 2015 to USD 37.5 million in 2024, adjusted for inflation [18] - The company has adapted by digitizing its offerings, with nearly two-thirds of its publishing revenue now coming from digital subscriptions [18]

Core Insights - Value Line, Inc. (VALU) shares increased by 3.6% following the earnings report for the quarter ended October 31, 2025, outperforming the S&P 500 index, which declined by 1.7% during the same period [1] - For the fiscal second quarter of 2026, the company reported earnings per share (EPS) of 60 cents, consistent with the previous year's quarter [1] Financial Performance - Total publishing revenues decreased by 3.2% to $8.6 million from $8.8 million in the prior year, driven by declines in investment periodicals and copyright fees [2] - Net income remained stable at $5.68 million, nearly unchanged from $5.69 million a year earlier [2] - Strong performance from equity interests in EAM Trust contributed $5.2 million in revenues, an 11.3% increase from $4.6 million a year ago [3] - Investment gains totaled $1.2 million, unchanged from the previous year, supported by $0.4 million in unrealized gains on equity holdings [4] Management Insights - The company emphasized its focus on proprietary investment research and analytics for both retail and institutional clients, highlighting a stable business model [5] - Continued reliance on recurring subscription revenue was noted, with most products delivered digitally or in print via annual subscriptions [6] Cost Management - Total expenses remained flat at $7 million, with salaries and employee benefits slightly decreasing to $3.5 million [7] - Cost discipline helped mitigate the decline in publishing revenue [7] Cash Position and Future Outlook - Cash and cash equivalents improved to $43.6 million from $34.1 million six months earlier, supported by strong operating cash flows of $8.5 million in the first half of fiscal 2026 [8] - Unearned revenues, an indicator of future subscription fulfillment, decreased slightly to $20.3 million from $22.3 million in April 2025 [8] Share Repurchase Program - The board approved a new share repurchase program authorizing up to $2 million in buybacks, with 4,194 shares repurchased during the quarter at an average cost of $26.68 per share [9] - An additional 14,015 shares were repurchased on November 17, 2025, at $37 per share via a private block offering [9]

Core Insights - Value Line, Inc. reported a net income of $12,142,000, or $1.29 per share, for the first half of its fiscal year ending October 31, 2025, representing a 4.9% increase from the previous year [10] - The company's revenues from Eulav Asset Management (EAM) reached $10,275,000, an increase of $1,404,000 or 15.8% compared to the prior fiscal year [10] - Total investment gains for the same period were $3,201,000, which is 10.6% higher than the previous fiscal year [10] Financial Performance - Net income increased to $12,142,000 from $11,572,000 year-over-year [10] - Revenues from EAM increased by 15.8% to $10,275,000 [10] - Total investment gains rose by 10.6% to $3,201,000 [10] - Retained earnings as of October 31, 2025, were $119,426,000, a 5.3% increase from April 30, 2025 [10] - Shareholders' equity reached $105,489,000, up 5.8% from $99,678,000 as of April 30, 2025 [10] Services Offered - Value Line provides various investment research services, including: - Value Line Select, which recommends one exceptional stock monthly [3] - The Value Line Special Situations Service, focusing on small and mid-cap stocks [4] - Value Line Select ETFs, identifying one ETF expected to outperform the market [4] - Value Line Select: Dividend Income & Growth, recommending two stocks for current income and long-term growth [5] - The Value Line M&A Service, highlighting potential acquisition candidates [6] - Value Line Climate Change Investing Service, addressing climate change impacts on the economy [7] - Value Line Investment Survey, offering extensive research on various market segments [11][12]

Financial Performance - For the six months ended October 31, 2025, the company's net income was $12,142,000, or $1.29 per share, representing a 4.9% increase from $11,572,000, or $1.23 per share, in the same period of 2024[146]. - The company's income from operations for the six months ended October 31, 2025, was $3,008,000, which is 16.2% lower than the $3,591,000 reported for the same period in 2024[146]. - During the three months ended October 31, 2025, the company's net income was $5,682,000, or $0.60 per share, slightly below the $5,685,000, or $0.60 per share, for the same period in 2024[147]. - The company's income from operations for the three months ended October 31, 2025, was $1,512,000, a decrease of 13.3% from $1,744,000 in the same period of 2024[147]. - Total expenses for the six months ended October 31, 2025, were $14,154,000, slightly above the $14,134,000 reported in the previous year[165]. Revenue Breakdown - Total publishing revenues for the six months ended October 31, 2025, were $17,162,000, a decrease of 3.2% compared to $17,725,000 in the prior fiscal year[165]. - Investment periodicals and related publications revenues were $12,194,000 for the six months ended October 31, 2025, down 2.2% from $12,469,000 in the previous year[153]. - Digital revenues for the six months ended October 31, 2025, were $7,828,000, reflecting a 2.8% decline from $8,055,000 in the prior fiscal year[154]. - Print publication revenues decreased to $4,366,000 for the six months ended October 31, 2025, a 1.1% drop from $4,414,000 in the same period last year[154]. - Non-voting revenues and non-voting profits interests from EAM Trust increased by 11.3% to $5,154,000 for the three months ended October 31, 2025, compared to $4,630,000 in 2024[145]. Investment Gains - Investment gains for the six months ended October 31, 2025, were $3,201,000, reflecting a 10.6% increase from $2,895,000 in 2024[145]. - Total investment gains for the six months ended October 31, 2025, were $3,201,000, an increase of 10.6% compared to the prior fiscal year, primarily from unrealized gains on equity securities[172]. Cash Flow and Assets - Cash inflows from operating activities during the six months ended October 31, 2025, were $8,512,000, up from $7,844,000 in the same period of 2024[179]. - Cash inflows from investing activities increased to $7,353,000 for the six months ended October 31, 2025, compared to $4,889,000 for the same period in 2024[180]. - The company had working capital of $62,530,000 as of October 31, 2025, compared to $56,230,000 as of April 30, 2025[177]. - Cash and short-term securities amounted to $81,427,000 as of October 31, 2025, an increase from $77,391,000 as of April 30, 2025[178]. - Total assets in the Value Line Funds managed by EAM were $4.76 billion as of October 31, 2025, slightly down from $4.78 billion a year earlier[158]. Shareholder Information - The company's average common shares outstanding during the six months ended October 31, 2025, were 9,408,597, compared to 9,419,006 in the same period of 2024[148]. - Quarterly dividend payments for fiscal year 2026 totaled $6,117,000, compared to $5,652,000 for fiscal year 2025[181]. - The company expects to continue financing activities with cash for dividend payments in the foreseeable future, with 9,408,597 common shares outstanding as of October 31, 2025[182]. Tax and Expenses - The effective income tax rate for the six months ended October 31, 2025, was 26.34%, up from 24.65% in 2024, primarily due to an increase in state and local income taxes[174]. - Operating expenses for the three months ended October 31, 2025, were $7,044,000, a slight decrease of 0.7% from $7,097,000 in the same period of 2024[145]. Market and Economic Conditions - The U.S. GDP contracted by an annualized rate of 0.6% in the first quarter of 2025 but rebounded with a growth of 3.8% in the second quarter[139]. - Unearned subscription revenue as of October 31, 2025, was $20,329,000, which is 8.8% lower than $22,290,000 as of April 30, 2025[152]. Investment Strategy - The company maintains a policy to invest no more than 5% of the average daily trading volume in any single equity issue to ensure liquidity[202]. - The company regularly monitors the maturity structure of its investments in debt securities to manage price risk associated with interest rate changes[199]. - The company’s equity investment strategy focuses on acquiring a diverse range of equity securities to mitigate risks associated with market fluctuations[202]. - The portfolio includes ETFs aimed at dividend yield, primarily from financial institutions, diversifying across various industry groups[202].

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] - Subscribers benefit from a model account featuring over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the oil and gas investment opportunities [2]

Company Overview - Value Line (VALU) is a financial information and services company with a history of over 100 years for some of its informational products, and it was modernly founded in 1982 [1] Analyst Background - Ian Bezek, a former hedge fund analyst at Kerrisdale Capital, has spent a decade conducting on-the-ground research in Latin America, focusing on markets such as Mexico, Colombia, and Chile [1] - Bezek specializes in high-quality compounders and growth stocks at reasonable prices in the US and other developed markets [1] Investment Group Features - The investing group Ian's Insider Corner offers features including a Weekend Digest that covers new ideas, updates on current holdings, macro analysis, trade alerts, an active chat room, and direct access to Ian [1]

Core Points - Value Line, Inc. has announced a new share repurchase program allowing the repurchase of shares up to an aggregate amount of $2,000,000, effective immediately, with no set price limit or expiration date [1] Company Overview - Value Line is a leading provider of investment research, with its Investment Survey being one of the most widely used sources of independent equity research [2] - The company publishes proprietary investment research in both print and digital formats [2] Specialized Services - Value Line Select: Monthly recommendations of one exceptional stock with superior profit potential and a favorable risk/reward ratio [3] - Value Line Special Situations Service: Monthly recommendations of small and mid-cap stocks expected to deliver returns above the market average [3] - Value Line Select ETFs: Monthly identification of one ETF positioned to outperform the market [3] - Value Line Select: Dividend Income & Growth: Monthly recommendations of two stocks expected to provide above-average current income and long-term dividend growth [4] - Value Line ETFs Service: Data and analysis on over 2,800 ETFs to assist subscribers in portfolio selection [4] - Value Line M&A Service: Monthly highlight of one company that may be acquired at a material premium [5] - Value Line Information You Should Know: Focuses on financial planning and investment issues relevant to today's investors [5] - Value Line Climate Change Investing Service: Targets climate change as a critical issue expected to transform the global economy [6] Additional Research Services - Value Line Options Survey: Information and rankings on over 600,000 options covering 90% of the market [6] - Value Line Fund Adviser Plus: Covers approximately 19,000 funds, helping investors avoid unsustainable short-term performance [7] - Various Investment Surveys: Covering small, mid, and large-cap stocks, providing in-depth analysis and commentary [8][9][10][11][12] Accessibility - Value Line's products are available to individual investors via mail and online at www.valueline.com, with institutional services offered at www.ValueLinePro.com and www.ValueLineLibrary.com [14]

Core Points - Value Line, Inc. declared a quarterly cash dividend of $0.325 per common share, payable on November 10, 2025, to stockholders of record on October 27, 2025, with 9,405,828 shares outstanding as of October 17, 2025 [1] Company Overview - Value Line is a leading provider of investment research, with its Investment Survey being one of the most widely used sources of independent equity research [2] - The company publishes proprietary investment research in both print and digital formats [2] Specialized Services - Value Line Select: Monthly recommendations of one exceptional stock with superior profit potential and a favorable risk/reward ratio [3] - Value Line Special Situations Service: Monthly recommendations of small and mid-cap stocks expected to deliver returns above the market average [3] - Value Line Select ETFs: Monthly identification of one ETF positioned to outperform the market [3] - Value Line Select: Dividend Income & Growth: Monthly recommendations of two stocks expected to provide above-average current income and long-term dividend growth [4] - Value Line ETFs Service: Data and analysis on over 2,800 ETFs to assist subscribers in portfolio selection [4] - Value Line M&A Service: Monthly highlights of one company that may be acquired at a material premium [5] - Value Line Information You Should Know: Focuses on financial planning and investment issues relevant to today's investors [5] - Value Line Climate Change Investing Service: Targets climate change as a critical issue expected to transform the global economy [6] Research Products - Value Line Investment Survey: Provides financial information and quantitative analysis on approximately 1,800 companies with market capitalizations under $10 billion [8] - Value Line 600: In-depth research on 600 large and prominent companies [8] - Value Line Investment Survey–Selection & Opinion: Weekly economic and stock market commentary with actively managed model portfolios [9] - Value Line Investment Analyzer: Covers large, mid, and small-cap stocks, comprising about 90% of the U.S. stock market [11]

Core Points - Value Line, Inc. declared a quarterly cash dividend of $0.325 per common share, payable on November 10, 2025, to stockholders of record on October 27, 2025, with 9,405,828 shares outstanding as of October 17, 2025 [1] Company Overview - Value Line is a leading provider of investment research, with its Investment Survey being one of the most widely used sources of independent equity research [2] - The company publishes proprietary investment research in both print and digital formats [2] Specialized Services - Value Line Select: Monthly recommendations of one exceptional stock with superior profit potential and a favorable risk/reward ratio [3] - Value Line Special Situations Service: Monthly recommendations of small and mid-cap stocks expected to deliver above-market returns [3] - Value Line Select ETFs: Monthly identification of one ETF positioned to outperform the market [3] - Value Line Select: Dividend Income & Growth: Monthly recommendations of two stocks expected to provide above-average current income and long-term dividend growth [4] - Value Line ETFs Service: Data and analysis on over 2,800 ETFs to assist subscribers in portfolio selection [4] - Value Line M&A Service: Monthly highlight of one company likely to be acquired at a premium [5] - Value Line Information You Should Know: Focuses on financial planning and investment issues relevant to today's investors [5] - Value Line Climate Change Investing Service: Targets climate change as a critical issue expected to transform the global economy [6] Research Products - Value Line Investment Survey: Provides financial information and quantitative analysis on approximately 1,800 small and mid-cap companies [8] - Value Line 600: In-depth research on 600 large and prominent companies [8] - Value Line Investment Survey–Selection & Opinion: Weekly economic and stock market commentary with actively managed model portfolios [9] - Value Line Investment Analyzer: Covers approximately 6,000 equities, providing complete stock analysis [12]