Value Line Inc

valueline.com

What Do They Do?

Sells investment publications and research, analysis software, and financial databases to individual and professional investors and institutions; licenses its research, trademarks, and proprietary ranks for third-party investment products.

How Do They Make Money?

Subscribers generally pay annual fees in advance, and Value Line provides publications and digital services over the subscription term. Third parties pay fees for using Value Line copyrights, trademarks and proprietary ranks in investment products; payments are received quarterly or in advance over the agreement term.

FY2026 revenue by product or service revenue

Segment	Share	Revenue	How money arrives
Subscription and Circulation Recurring	71% FY2023: 66%		Recurring
License Licensed	29% FY2023: 34%		Licensed

Who Are Their Customers?

Individual and professional investors subscribe to Value Line research, while institutional customers include colleges, libraries, corporations and financial professionals; third parties also license Value Line information for investment products.

Customers above 10% of revenue, FY2026

of revenue from one customer

FY2024: 32% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 65 cents of every revenue dollar as net income in FY2026 and turned 56 cents into free cash flow.

Operating income, FY2026

12% of revenue

▼ −33% vs FY2025 ($6M, 17%)

Net income, FY2026

65% of revenue

▲ +5% vs FY2025 ($20.7M, 59%)

Free cash flow, FY2026

56% of revenue

▼ −7% vs FY2025 ($20.1M, 57%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q1 FY2026, the three months to Jul 31, 2026

Revenue: ▼ −6%; vs $8.6M in Q1 FY2025
Net income: ▼ −28%; vs $6.5M in Q1 FY2025

Subscription and Circulation share of revenue vs 71.4% in Q1 FY2025

Shrinking. Revenue fell 17% in 4 years, from $40.5M in FY2022 to $33.4M in FY2026, about 5% a year.

Revenue over time

Subscription and Circulation License

$50M$25M$0

FY2022 FY2023 FY2024 FY2025 FY2026

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