Value Line Inc. 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJanuary 31, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF For the transition period from _____________________________________ to __________________________________ Commission File Number: 0-11306 New York13-3139843(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. Outstanding at February 28, 20269,387,238 shares ClassCommon stock, $0.10 par value per share Value Line, Inc.Consolidated Condensed Balance Sheets Value Line, Inc.Consolidated Condensed Statements of Income Value Line, Inc.Notes to Consolidated Condensed Financial Statements Note 1 - Organization and Summary of Significant Accounting Policies: Value Line, Inc. ("Value Line" or "VLI", and collectively with its subsidiaries, the “Company”) is incorporated in the State of NewYork.The name "Value Line" as used to describe the Company, its products, and its subsidiaries, is a registered trademark of theCompany. The Company's core business is producing investment periodicals and their underlying research and making availablecertain Value Line copyrights, Value Line trademarks and Value Line Proprietary Ranks and other proprietary information, to thirdparties under written agreements for use in third-party managed and marketed investment products and for other purposes. TheCompany maintains a significant investment in Eulav Asset Management LLC ("EAM")from which it receives a non-votingrevenues interestand a non-voting profits interest.Pursuant to the EAM Declaration of Trust dated as of December 23, 2010 (the The Consolidated Condensed Balance Sheets as of January 31, 2026 and April 30, 2025, which have been derived from theunauditedinterim Consolidated Condensed Financial Statements and the audited Consolidated Financial Statements,respectively,were prepared following the interim reporting requirements of the Securities and Exchange Commission (“SEC”).Inthe opinion of management, the accompanying Unaudited Interim Consolidated Condensed Financial Statements contain all Use of Estimates: The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requiresmanagement to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results Principles of Consolidation: The Company follows the guidance in the Financial Accounting Standards Board's ("FASB") Topic 810 “Consolidation”todetermine if it should consolidate its investment in a variable interest entity ("VIE"). A VIE is a legal entity in which either (i)equity investors do not have sufficient equity investment at risk to enable the entity to finance its activities independently or (ii) theequity holders at risk lack the obligation to absorb losses, the right to receive residual returns or the right to make decisions aboutthe entity’s activities that most significantly affect the entity's economic performance.A holder of a variable interest in a VIE isrequired to consolidate the entity if it is determined that it has a controlling financial interest in the VIE and is therefore theprimary beneficiary. The determination of a controlling financial interest in a VIE is based on a qualitative assessment to identify In accordance with FASB's Topic 810, the assets, liabilities, and results of operations of subsidiaries in which the Company has acontrolling interest h