Value Line Inc. Files Q2 2025 10-Q Report

TL;DR

**Value Line Q2 2025 10-Q is IN! Check financials for the latest.**

AI Summary

Value Line Inc. reported its Q2 2025 results for the period ending October 31, 2024. The company's financial performance and operational details are outlined in this 10-Q filing. Specific financial figures and business segment information are detailed within the report.

Why It Matters

This filing provides investors with a detailed look at Value Line Inc.'s financial health and operational performance for the second quarter of fiscal year 2025, enabling informed investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

• Q2 2025 — Fiscal Quarter (Reporting period for the 10-Q)
• October 31, 2024 — Period End Date (The end date of the financial reporting period)
• December 13, 2024 — Filing Date (The date the 10-Q was officially filed with the SEC)

Key Players & Entities

• Value Line Inc. (company) — Filer of the 10-Q report
• October 31, 2024 (date) — End of the reporting period
• 20241213 (date) — Filing date
• 551 FIFTH AVE., 3RD FLOOR (address) — Company's business and mailing address
• New York (location) — Company's city of incorporation and address
• NY (location) — Company's state of incorporation and address
• Seagis Property Group LP (company) — Landlord mentioned in relation to Value Line Distribution Center

FAQ

Key Financial Figures

• $0.10 — nge on which registered Common stock, $0.10 par value per share VALU The Nasdaq
• $0.30 — ividends declared per common share were $0.30 for the three months ending July 31, 20
• $0.60 — ividends declared per common share were $0.60 for the six months ending October 31, 2
• $0.28 — ividends declared per common share were $0.28 for the three months ending July 31, 20
• $0.56 — ividends declared per common share were $0.56 for the six months ending October 31, 2

Filing Documents

• valu20241031_10q.htm (10-Q) — 1342KB
• ex_755772.htm (EX-31.1) — 12KB
• ex_755773.htm (EX-31.2) — 12KB
• ex_755774.htm (EX-32.1) — 5KB
• pic1.jpg (GRAPHIC) — 4KB
• 0001437749-24-037459.txt ( ) — 6600KB
• valu-20241031.xsd (EX-101.SCH) — 64KB
• valu-20241031_def.xml (EX-101.DEF) — 395KB
• valu-20241031_lab.xml (EX-101.LAB) — 319KB
• valu-20241031_pre.xml (EX-101.PRE) — 429KB
• valu-20241031_cal.xml (EX-101.CAL) — 60KB
• valu20241031_10q_htm.xml (XML) — 1013KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Consolidated Condensed Financial Statements Consolidated Condensed Balance Sheets as of October 31, 2024 and April 30, 2024 3 Consolidated Condensed Statements of Income for the three and six months ended October 31, 2024 and October 31, 2023 4 Consolidated Condensed Statements of Comprehensive Income for the three and six months ended October 31, 2024 and October 31, 2023 5 Consolidated Condensed Statements of Cash Flows for the six months ended October 31, 2024 and October 31, 2023 6 Consolidated Condensed Statement of Changes in Shareholders' Equity for the three months ended July 31, 2024 and six months ended October 31, 2024 7 Consolidated Condensed Statement of Changes in Shareholders' Equity for the three months ended July 31, 2023 and six months ended October 31, 2023 8 Notes to Consolidated Condensed Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 36

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 3. Defaults Upon Senior Securities 37 Item 4. Mine Safety Disclosures 37 Item 5. Other Information 37 Item 6. Exhibits 38

- Financial Information

Part I - Financial Information

Financial Statements

Item 1. Financial Statements Value Line, Inc. Consolidated Condensed Balance Sheets (in thousands, except share amounts) October 31, April 30, 2024 2024 (unaudited) Assets Current Assets: Cash and cash equivalents (including short term investments of $ 10,985 and $ 4,136 , respectively) $ 11,293 $ 4,390 Equity securities 21,837 $ 16,344 Available-for-sale Fixed Income securities 38,915 47,611 Accounts receivable, net of allowance for credit losses of $ 22 and $ 31 , respectively 1,259 1,310 Prepaid and refundable income taxes 599 209 Prepaid expenses and other current assets 955 1,160 Total current assets 74,858 71,024 Long term assets: Investment in EAM Trust 60,786 60,134 Restricted money market investments 305 305 Property and equipment, net 3,940 4,440 Capitalized software and other intangible assets, net 103 132 Total long term assets 65,134 65,011 Total assets $ 139,992 $ 136,035 Liabilities and Shareholders' Equity Current Liabilities: Accounts payable and accrued liabilities $ 952 $ 1,430 Accrued salaries 989 1,020 Dividends payable 2,826 2,827 Accrued taxes on income 44 7 Operating lease obligation-short term 1,230 1,206 Unearned revenue 15,856 15,764 Total current liabilities 21,897 22,254 Long term liabilities: Unearned revenue 5,010 6,517 Operating lease obligation-long term 2,966 3,578 Deferred income taxes 13,404 12,893 Total long term liabilities 21,380 22,988 Total liabilities 43,277 45,242 Shareholders' Equity: Common stock, $ 0.10 par value; authorized 30,000,000 shares; issued 10,000,000 shares 1,000 1,000 Additional paid-in capital 991 991 Retained earnings 110,170 104,249 Treasury stock, at cost ( 581,926 shares and 577,517 shares, respectively) ( 15,372 ) ( 15,194 ) Accumulated other comprehensive income, net of tax ( 74 ) ( 253 ) Total shareholders' eq

- Financial Information

Part I - Financial Information

Financial Statements

Item 1. Financial Statements Value Line, Inc. Consolidated Condensed Statements of Income (in thousands, except share & per share amounts) (unaudited) For the Three Months Ended For the Six Months Ended October 31, October 31, 2024 2023 2024 2023 Revenues: Investment periodicals and related publications $ 6,182 $ 6,398 $ 12,469 $ 12,855 Copyright fees 2,659 3,212 5,256 6,498 Total publishing revenues 8,841 9,610 17,725 19,353 Expenses: Advertising and promotion 862 585 1,722 1,357 Salaries and employee benefits 3,575 3,697 7,118 7,437 Production and distribution 1,449 1,480 2,938 2,875 Office and administration 1,211 1,174 2,356 2,263 Total expenses 7,097 6,936 14,134 13,932 Income from operations 1,744 2,674 3,591 5,421 Revenues and profits interests in EAM Trust 4,630 2,995 8,871 5,852 Investment gains/(losses) 1,186 ( 1,079 ) 2,895 ( 324 ) Income before income taxes 7,560 4,590 15,357 10,949 Income tax provision 1,875 1,102 3,785 2,602 Net income $ 5,685 $ 3,488 $ 11,572 $ 8,347 Earnings per share, basic & fully diluted $ 0.60 $ 0.37 $ 1.23 $ 0.89 Weighted average number of common shares 9,418,074 9,429,169 9,419,006 9,430,871 The accompanying notes are an integral part of these consolidated condensed financial statements. 4

- Financial Information

Part I - Financial Information

Financial Statements

Item 1. Financial Statements Value Line, Inc. Consolidated Condensed Statements of Comprehensive Income (in thousands) (unaudited) For the Three Months Ended For the Six Months Ended October 31, October 31, 2024 2023 2024 2023 Net income $ 5,685 $ 3,488 $ 11,572 $ 8,347 Other comprehensive income/(loss), net of tax: Change in unrealized gains/(losses) on Fixed Income securities, net of tax 2 ( 448 ) 179 ( 660 ) Other comprehensive income/(loss) 2 ( 448 ) 179 ( 660 ) Comprehensive income $ 5,687 $ 3,040 $ 11,751 $ 7,687 The accompanying notes are an integral part of these consolidated condensed financial statements. 5

- Financial Information

Part I - Financial Information

Financial Statements

Item 1. Financial Statements Value Line, Inc. Consolidated Condensed Statements of Cash Flows (in thousands) (unaudited) For the Six Months Ended October 31, 2024 2023 Cash flows from operating activities: Net income $ 11,572 $ 8,347 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 594 691 Investment (gains)/losses ( 1,524 ) 1,478 Non-voting revenues interest in EAM Trust ( 7,726 ) ( 5,337 ) Non-voting profits interest in EAM Trust ( 1,145 ) ( 515 ) Distributions received from EAM Trust 8,219 5,508 Deferred income taxes 497 ( 370 ) Deferred rent ( 588 ) ( 656 ) Changes in operating assets and liabilities: Unearned revenue ( 1,415 ) ( 1,016 ) Accounts payable & accrued expenses ( 478 ) ( 234 ) Accrued salaries ( 31 ) 1 Accrued taxes on income 3 ( 352 ) Prepaid and refundable income taxes ( 390 ) 240 Prepaid expenses and other current assets 205 318 Accounts receivable 51 ( 2,340 ) Total adjustments ( 3,728 ) ( 2,584 ) Net cash provided by operating activities 7,844 5,763 Cash flows from investing activities: Purchases of equity securities ( 7,045 ) ( 993 ) Purchases of fixed income securities classified as available-for-sale ( 13,441 ) ( 23,079 ) Proceeds from sales of equity securities 3,075 999 Proceeds from sales of fixed income securities classified as available-for-sale 22,365 19,265 Acquisition of property and equipment ( 65 ) - Net cash provided by/(used in) investing activities 4,889 ( 3,808 ) Cash flows from financing activities: Purchase of treasury stock at cost ( 178 ) ( 338 ) Dividends paid ( 5,652 ) ( 5,283 ) Net cash used in financing activities ( 5,830 ) ( 5,621 ) Net change in cash and cash equivalents 6,903 ( 3,666 ) Cash, cash equivalents and restricted cash at beginning of period 4,695 7,

- Financial Information

Part I - Financial Information

Financial Statements

Item 1. Financial Statements Value Line, Inc. Consolidated Condensed Statement of Changes in Shareholders' Equity For the Three Months Ended July 31, 2024 and Six Months Ended October 31, 2024 (in thousands, except share amounts) (unaudited) Common stock Additional paid-in- Treasury stock Retained Accumulated other comprehensive Shares Amount capital Shares Amount earnings income Total Balance at April 30, 2024 10,000,000 $ 1,000 $ 991 ( 577,517 ) $ ( 15,194 ) $ 104,249 $ ( 253 ) $ 90,793 Net income 5,887 5,887 Change in unrealized gains on Fixed Income securities, net of taxes 177 177 Purchase of treasury stock ( 4,409 ) ( 178 ) ( 178 ) Dividends declared ( 2,825 ) ( 2,825 ) Balance at July 31, 2024 10,000,000 $ 1,000 $ 991 ( 581,926 ) $ ( 15,372 ) $ 107,311 $ ( 76 ) $ 93,854 Dividends declared per common share were $0.30 for the three months ending July 31, 2024. Common stock Additional paid-in- Treasury stock Retained Accumulated other comprehensive Shares Amount capital Shares Amount earnings income Total Balance at July 31, 2024 10,000,000 $ 1,000 $ 991 ( 581,926 ) $ ( 15,372 ) $ 107,311 $ ( 76 ) $ 93,854 Net income 5,685 5,685 Change in unrealized gains on Fixed Income securities, net of taxes 2 2 Purchase of treasury stock - - Dividends declared ( 2,826 ) ( 2,826 ) Balance at October 31, 2024 10,000,000 $ 1,000 $ 991 ( 581,926 ) $ ( 15,372 ) $ 110,170 $ ( 74 ) $ 96,715 Dividends declared per common share were $0.60 for the six months ending October 31, 2024. The accompanying notes are an integral part of these consolidated condensed financial statements. 7

- Financial Information

Part I - Financial Information

Financial Statements

Item 1. Financial Statements Value Line, Inc. Consolidated Condensed Statement of Changes in Shareholders' Equity For the Three Months Ended July 31, 2023 and Six Months Ended October 31, 2023 (in thousands, except share amounts) (unaudited) Common stock Additional paid-in- Treasury stock Retained Accumulated other comprehensive Shares Amount capital Shares Amount earnings income Total Balance at April 30, 2023 10,000,000 $ 1,000 $ 991 ( 565,460 ) $ ( 14,671 ) $ 95,979 $ 374 $ 83,673 Net income 4,859 4,859 Change in unrealized gains on Fixed Income securities, net of taxes ( 212 ) ( 212 ) Purchase of treasury stock ( 4,011 ) ( 188 ) ( 188 ) Dividends declared ( 2,641 ) ( 2,641 ) Balance at July 31, 2023 10,000,000 $ 1,000 $ 991 ( 569,471 ) $ ( 14,859 ) $ 98,197 $ 162 $ 85,491 Dividends declared per common share were $0.28 for the three months ending July 31, 2023. Common stock Additional paid-in- Treasury stock Retained Accumulated other comprehensive Shares Amount capital Shares Amount earnings income Total Balance at July 31, 2023 10,000,000 $ 1,000 $ 991 ( 569,471 ) $ ( 14,859 ) $ 98,197 $ 162 $ 85,491 Net income 3,488 3,488 Change in unrealized gains on Fixed Income securities, net of taxes ( 448 ) ( 448 ) Purchase of treasury stock ( 3,546 ) ( 150 ) ( 150 ) Dividends declared ( 2,639 ) ( 2,639 ) Balance at October 31, 2023 10,000,000 $ 1,000 $ 991 ( 573,017 ) $ ( 15,009 ) $ 99,046 $ ( 286 ) $ 85,742 Dividends declared per common share were $0.56 for the six months ending October 31, 2023. The accompanying notes are an integral part of these consolidated condensed financial statements. 8 Value Line, Inc. Notes to Consolidated Condensed Financial Statements October 31, 2024 (Unaudited) Note 1 - Organization and Summary of Sig

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