Value Line Inc (VALU) Q2 2025 Earnings Report

Revenue: $8.841 million; YoY change: -8.00%; QoQ change: -0.48%

Gross Profit: $5.266 million; Gross Margin: 59.56%; YoY Gross Profit change: -10.94%; QoQ change: -1.40%

Operating Income: $1.744 million; Operating Margin: 19.73%; YoY change: -34.78%; QoQ change: -5.58%

Net Income: $5.685 million; Net Margin: 64.30%; YoY change: +62.99%; QoQ change: -3.43%

EPS: $0.60; Diluted EPS: $0.60; YoY EPS change: +62.16%; QoQ change: -3.23%

EBITDA: $1.744 million; EBITDA Margin: 19.73%

Income Before Tax: $7.560 million; Pre-Tax Margin: 85.51%

Income Tax Expense: $1.875 million; Effective Tax Rate (reported): ~24.8%

Cash Flow and Liquidity: Net cash provided by operating activities $3.073 million; Free Cash Flow $3.078 million; Net change in cash -$4.335 million; Cash at end of period $11.598 million; Cash & Short-Term Investments $72.045 million; Total liquidity (cash + short-term investments) remains ample at ~$72.0 million and current ratio 3.42.

Balance Sheet Health: Total assets $139.992 million; Total liabilities $43.277 million; Total stockholders’ equity $96.715 million; Debt levels are minimal (Total debt ~$4.196 million; Net debt negative ~$7.098 million), indicating a conservative capital structure.

Valuation Context: Price-to-earnings around 20.0x; Price-to-book around 4.71x; Price-to-sales around 51.5x. Dividend yield ~0.62%. A smaller but highly liquid balance sheet with limited leverage; valuation appears modestly attractive versus broader financial data peers given the solid cash generation and moat in proprietary research publications.