Value Line, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $21.6M | $20.7M | $19.0M | $18.1M | $23.8M | $23.3M | $14.9M | $12.0M |
| Depreciation & Amortization | $1.3M | $1.3M | $1.4M | $1.3M | $1.3M | $1.3M | $266.0K | $367.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $18.6M | $20.2M | $17.9M | $18.2M | $24.6M | $16.4M | $13.7M | $11.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $178.0K | $15.0K | $30.0K | $11.0K | $33.0K | $2.0K | $11.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-15.3M | $21.2M | $-10.0M | $-26.1M | $-3.4M | $7.4M | $-8.7M | $-3.0M |
| Financing Activities | ||||||||
| Dividends Paid | $12.2M | $11.3M | $10.6M | $9.5M | $8.4M | $8.1M | $7.7M | $7.4M |
| Stock Repurchases | $928.0K | $453.0K | $523.0K | $4.7M | $2.5M | $1.5M | $1.2M | $608.0K |
| Net Cash from Financing Activities | $-13.2M | $-11.8M | $-11.1M | $-14.2M | $-10.9M | $-9.6M | $-6.6M | $-8.0M |
| Net Change in Cash | $-9.9M | $29.7M | $-3.2M | $-22.1M | $10.4M | $14.2M | $-1.5M | $552.0K |
| Free Cash Flow | $18.6M | $20.1M | $17.9M | $18.1M | $24.6M | $16.4M | $13.7M | $11.5M |