Filing Flows › Value Line (VALU) › Q2 FY26
Value Line (VALU) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 15, 2025
Value Line (VALU) reported revenue of $8.6M for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and -0.6% from the quarter before. Operating margin was 17.7%, net earnings $5.7M (66.4% of revenue).
Value Line, Q2 FY26: revenue $8.6M (-3% year over year), operating margin 17.7%, net earnings $5.7M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6M | -0.6% | -3% |
| Operating profit | $1.5M | +1% | -13% |
| Net earnings | $5.7M | -12% | -0.1% |
| Operating cash flow | $3.0M | -47% | -4% |
What changed
Revenue was $8.6M in Q2 FY26, down 3% year over year and down 1% from the previous quarter. Subscription and Circulation was the largest line at 71% of revenue. License lost $157K year over year (down 6%), 55% of the total change.
Operating profit was $1.5M, a 17.7% margin (down 2.1 points year over year). Total costs fell 1% while revenue fell 3%. Net earnings were $5.7M, roughly flat year over year. The effective tax rate was 27.6%. Non-operating items added $6.3M, 81% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.0M (down 4% year over year), 52% of net earnings. Non-cash charges added back $318K of depreciation and amortization. Working capital and other items used $3.0M.
Questions
What was Value Line's revenue in the second quarter fiscal 2026?
Value Line (VALU) reported revenue of $8.6M for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and -0.6% from the quarter before.
Was Value Line profitable in the second quarter fiscal 2026?
Operating profit was $1.5M (17.7% of revenue) and net earnings $5.7M.
Source: Value Line 10-Q on SEC EDGAR.