Hennessy Advisors, Inc. (HNNA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HNNA SEC filings page.
Hennessy Advisors, Inc. (HNNA) reported $33.3M in revenue over the twelve months to Jun 30, 2026, down 6.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A revenue recovery is converting into operating leverage, strong cash conversion, and a more equity-supported balance sheet rather than merely larger sales.
The FY2023-to-FY2025 revenue recovery coincided with operating margin expansion from26.4% to37.0% , indicating that more of the rebound reached operating income instead of being absorbed by costs. In FY2025, operating cash flow of$13.8M exceeded net income of$10.0M , showing accounting earnings translated into cash while reinvestment remained limited.
FY2025 revenue increased while SG&A declined to
Capital spending was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Hennessy Advisors, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Hennessy Advisors, Inc. has an operating margin of 37.0%, meaning the company retains $37 of operating profit per $100 of revenue. This strong profitability earns a score of 94/100, reflecting efficient cost management and pricing power. This is up from 29.9% the prior year.
Hennessy Advisors, Inc.'s revenue surged 19.9% year-over-year to $35.5M, reflecting rapid business expansion. This strong growth earns a score of 84/100.
Hennessy Advisors, Inc. has a moderate D/E ratio of 0.64. This balance of debt and equity financing earns a leverage score of 56/100.
With a current ratio of 12.72, Hennessy Advisors, Inc. holds $12.72 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 99/100.
Hennessy Advisors, Inc. converts 37.6% of revenue into free cash flow ($13.4M). This strong cash generation earns a score of 96/100.
Hennessy Advisors, Inc.'s ROE of 10.2% shows moderate profitability relative to equity, earning a score of 59/100. This is up from 7.8% the prior year.
Hennessy Advisors, Inc. scores 2.45, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Hennessy Advisors, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Hennessy Advisors, Inc. generates $1.38 in operating cash flow ($13.8M OCF vs $10.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Hennessy Advisors, Inc. earns $5.73 in operating income for every $1 of interest expense ($13.1M vs $2.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Hennessy Advisors, Inc. generated $8.4M in revenue in Q3 2026. This represents an increase of 4.2% from the same quarter a year earlier. Against the prior quarter it is up 3.2%.
Hennessy Advisors, Inc.'s EBITDA was $3.0M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.3% from the same quarter a year earlier. Against the prior quarter it is up 10.9%.
Hennessy Advisors, Inc. reported $2.0M in net income in Q3 2026. This represents a decrease of 5.8% from the same quarter a year earlier. Against the prior quarter it is up 4.7%.
Hennessy Advisors, Inc. earned $0.25 per diluted share (EPS) in Q3 2026. This represents a decrease of 3.8% from the same quarter a year earlier. Against the prior quarter it is up 4.2%.
Cash & Balance Sheet
Hennessy Advisors, Inc. generated $3.7M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 6.0% from the same quarter a year earlier. Against the prior quarter it is up 65.5%.
Hennessy Advisors, Inc. held $35.4M in cash as of Q3 2026; long-term debt is not reported for that period.
Hennessy Advisors, Inc. paid $0.15 per share in dividends in Q3 2026. This represents an increase of 7.1% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Hennessy Advisors, Inc.'s operating margin was 34.7% in Q3 2026, reflecting core business profitability. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.
Hennessy Advisors, Inc.'s net profit margin was 23.8% in Q3 2026, showing the share of revenue converted to profit. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Hennessy Advisors, Inc.'s ROE was 2.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Not reported for Q3 2026.
Capital Allocation
Hennessy Advisors, Inc. invested $30K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 55.2% from the same quarter a year earlier. Against the prior quarter it is down 54.5%.
Not reported for Q3 2026.
Not reported for Q3 2026.
HNNA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.4M+4.2% | $8.1M-12.3% | $8.3M-14.3% | $8.5M-3.2% | $8.1M+3.5% | $9.3M+33.7% | $9.7M+58.0% | $8.8M+40.3% |
| SG&A Expenses | $1.6M+10.3% | $1.6M-9.0% | $1.9M+15.8% | $1.4M-18.6% | $1.4M-8.0% | $1.8M+22.9% | $1.7M-4.1% | $1.7M+30.8% |
| Operating Income | $2.9M+2.2% | $2.6M-24.4% | $2.6M-32.0% | $3.0M+2.6% | $2.8M+10.2% | $3.5M+79.8% | $3.8M+168.8% | $2.9M+67.4% |
| EBITDA | $3.0M+2.3% | $2.7M-23.4% | $2.7M-31.4% | $3.1M+3.5% | $2.9M+10.6% | $3.5M+78.1% | $3.9M+160.4% | $3.0M+64.6% |
| Interest Expense | $760K+32.4% | $578K+1.0% | $576K+0.7% | $575K+0.7% | $574K+0.9% | $572K+0.7% | $572K+0.9% | $571K+0.9% |
| Income Tax | $776K-7.6% | $736K-24.4% | $749K-33.9% | $714K-13.1% | $840K+10.7% | $973K+67.2% | $1.1M+155.2% | $822K+34.3% |
| Net Income | $2.0M-5.8% | $1.9M-26.1% | $1.9M-31.9% | $2.4M+4.0% | $2.1M+4.5% | $2.6M+67.7% | $2.8M+136.2% | $2.3M+73.6% |
| EPS (Basic) | $0.25-7.4% | $0.25-24.2% | $0.24-33.3% | $0.31+3.3% | $0.27+3.8% | $0.33+65.0% | $0.36+125.0% | $0.30+66.7% |
| EPS (Diluted) | $0.25-3.8% | $0.24-27.3% | $0.24-33.3% | $0.32+6.7% | $0.260.0% | $0.33+65.0% | $0.36+125.0% | $0.30+66.7% |
| Diluted Shares (Avg) | 8M+1.0% | 8M+1.1% | 8M+1.3% | N/A | 8M+3.0% | 8M+2.8% | 8M+2.5% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
HNNA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $122.8M-22.3% | $160.5M+3.2% | $159.6M+4.1% | $160.5M+5.5% | $158.0M+5.7% | $155.5M+5.6% | $153.3M+5.7% | $152.1M+4.4% |
| Current Assets | $39.5M-46.8% | $77.1M+7.4% | $76.0M+9.4% | $76.5M+12.1% | $74.2M+13.1% | $71.8M+13.1% | $69.5M+10.5% | $68.3M+7.2% |
| Cash & Equivalents | $35.4M-49.7% | $73.1M+8.1% | $72.0M+10.8% | $72.4M+13.3% | $70.3M+13.4% | $67.6M+13.4% | $65.0M+9.0% | $63.9M+5.7% |
| Short-Term Investments | $13K+18.2% | $13K+18.2% | $12K+9.1% | $12K+9.1% | $11K0.0% | $11K0.0% | $11K0.0% | $11K+10.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $21.6M-64.8% | $60.5M+0.3% | $60.6M+1.2% | $62.7M+3.2% | $61.5M+3.6% | $60.3M+3.3% | $59.9M+5.4% | $60.8M+4.9% |
| Current Liabilities | $4.2M-11.7% | $43.4M+974.4% | $43.6M+1046.2% | $6.0M+21.4% | $4.8M+26.2% | $4.0M+27.3% | $3.8M+36.7% | $5.0M+18.2% |
| Non-Current Liabilities | $17.4M-69.3% | $17.2M-69.5% | $17.1M-69.5% | $56.7M+1.6% | $56.7M+2.1% | $56.3M+1.9% | $56.1M+3.8% | $55.8M+3.8% |
| Total Equity | $101.1M+4.8% | $100.0M+5.1% | $98.9M+5.9% | $97.7M+7.0% | $96.5M+7.1% | $95.2M+7.1% | $93.4M+5.9% | $91.3M+4.1% |
| Retained Earnings | $76.6M+4.9% | $75.8M+5.3% | $75.1M+6.6% | $74.3M+8.1% | $73.0M+8.1% | $72.0M+8.1% | $70.5M+6.6% | $68.7M+4.2% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
HNNA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.7M-6.8% | $2.3M-38.3% | $661K-70.4% | $3.8M+10.5% | $4.0M+13.1% | $3.7M+99.9% | $2.2M+437.0% | $3.4M+38.1% |
| Depreciation & Amortization | $77K+4.1% | $86K+24.6% | $66K+8.2% | $86K+45.8% | $74K+25.4% | $69K+21.1% | $61K-11.6% | $59K-10.6% |
| Stock-Based Compensation | N/A | N/A | $309K+3.3% | N/A | N/A | N/A | $299K+21.5% | N/A |
| Capital Expenditures | $30K-55.2% | $66K-18.5% | $60K-48.7% | $175K+75.0% | $67K-30.9% | $81K+15.7% | $117K+154.3% | $100K+92.3% |
| Free Cash Flow | $3.7M-6.0% | $2.2M-38.8% | $601K-71.6% | $3.6M+8.6% | $3.9M+14.3% | $3.7M+103.2% | $2.1M+472.2% | $3.3M+36.9% |
| Investing Cash Flow | -$30K+85.7% | -$66K+42.1% | -$60K+52.8% | -$176K-76.0% | -$210K-125.8% | -$114K+86.7% | -$127K+49.2% | -$100K+35.5% |
| Financing Cash Flow | -$41.4M-3848.1% | -$1.2M-10.2% | -$1.1M-1.4% | -$1.5M-5.5% | -$1.0M-1.4% | -$1.0M-2.2% | -$1.1M-1.3% | -$1.4M-13.9% |
| Dividends Paid | $1.2M+11.1% | $1.2M+10.8% | $1.1M+1.3% | $1.1M+1.2% | $1.1M+1.4% | $1.1M+1.2% | $1.1M+1.3% | $1.0M+1.4% |
Not reported in any period shown, so not listed: Share Buybacks.
HNNA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 34.7%-0.7pp | 32.1%-5.1pp | 31.3%-8.2pp | 35.5%+2.0pp | 35.4%+2.2pp | 37.2%+9.5pp | 39.5%+16.3pp | 33.5%+5.4pp |
| Net Margin | 23.8%-2.5pp | 23.5%-4.4pp | 23.2%-6.0pp | 28.5%+2.0pp | 26.3%+0.3pp | 27.9%+5.7pp | 29.2%+9.7pp | 26.5%+5.1pp |
| Return on Equity | 2.0%-0.2pp | 1.9%-0.8pp | 1.9%-1.1pp | 2.5%-0.1pp | 2.2%-0.1pp | 2.7%+1.0pp | 3.0%+1.7pp | 2.5%+1.0pp |
| Return on Assets | 1.6%+0.3pp | 1.2%-0.5pp | 1.2%-0.6pp | 1.5%0.0pp | 1.3%0.0pp | 1.7%+0.6pp | 1.8%+1.0pp | 1.5%+0.6pp |
| Current Ratio | 9.39-6.2x | 1.78-16.0x | 1.75-16.5x | 12.72-1.1x | 15.58-1.8x | 17.79-2.2x | 18.29-4.3x | 13.78-1.4x |
| Debt-to-Equity | 0.21-0.4x | 0.610.0x | 0.610.0x | 0.640.0x | 0.640.0x | 0.630.0x | 0.640.0x | 0.670.0x |
| Asset Turnover | 0.070.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.060.0x | 0.060.0x | 0.060.0x |
| FCF Margin | 44.2%-4.8pp | 27.6%-11.9pp | 7.2%-14.6pp | 42.6%+4.6pp | 49.0%+4.6pp | 39.5%+13.5pp | 21.8%+15.8pp | 38.0%-0.9pp |
Not reported in any period shown, so not listed: Gross Margin.
Where Hennessy Advisors, Inc. Ranks
Frequently Asked Questions
What is Hennessy Advisors, Inc.'s annual revenue?
Hennessy Advisors, Inc. (HNNA) reported $35.5M in total revenue for fiscal year 2025. This represents a 19.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hennessy Advisors, Inc.'s revenue growing?
Hennessy Advisors, Inc. (HNNA) revenue grew by 19.9% year-over-year, from $29.6M to $35.5M in fiscal year 2025.
Is Hennessy Advisors, Inc. profitable?
Yes, Hennessy Advisors, Inc. (HNNA) reported a net income of $10.0M in fiscal year 2025, with a net profit margin of 28.0%.
What is Hennessy Advisors, Inc.'s EBITDA?
Hennessy Advisors, Inc. (HNNA) had EBITDA of $13.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hennessy Advisors, Inc.'s operating margin?
Hennessy Advisors, Inc. (HNNA) had an operating margin of 37.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Hennessy Advisors, Inc.'s net profit margin?
Hennessy Advisors, Inc. (HNNA) had a net profit margin of 28.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Hennessy Advisors, Inc. pay dividends?
Yes, Hennessy Advisors, Inc. (HNNA) paid $0.55 per share in dividends during fiscal year 2025.
What is Hennessy Advisors, Inc.'s return on equity (ROE)?
Hennessy Advisors, Inc. (HNNA) has a return on equity of 10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hennessy Advisors, Inc.'s free cash flow?
Hennessy Advisors, Inc. (HNNA) generated $13.4M in free cash flow during fiscal year 2025. This represents a 49.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hennessy Advisors, Inc.'s operating cash flow?
Hennessy Advisors, Inc. (HNNA) generated $13.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hennessy Advisors, Inc.'s total assets?
Hennessy Advisors, Inc. (HNNA) had $160.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hennessy Advisors, Inc.'s capital expenditures?
Hennessy Advisors, Inc. (HNNA) invested $440K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hennessy Advisors, Inc.'s current ratio?
Hennessy Advisors, Inc. (HNNA) had a current ratio of 12.72 as of fiscal year 2025, which is generally considered healthy.
What is Hennessy Advisors, Inc.'s debt-to-equity ratio?
Hennessy Advisors, Inc. (HNNA) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hennessy Advisors, Inc.'s return on assets (ROA)?
Hennessy Advisors, Inc. (HNNA) had a return on assets of 6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hennessy Advisors, Inc.'s P/E ratio?
Hennessy Advisors, Inc. (HNNA) trades at 9.9x earnings, its market capitalization divided by net income of $8.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $81.4M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hennessy Advisors, Inc.'s price-to-sales ratio?
Hennessy Advisors, Inc. (HNNA) trades at 2.4x sales, its market capitalization divided by revenue of $33.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $81.4M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Hennessy Advisors, Inc.'s Altman Z-Score?
Hennessy Advisors, Inc. (HNNA) has an Altman Z-Score of 2.45, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hennessy Advisors, Inc.'s Piotroski F-Score?
Hennessy Advisors, Inc. (HNNA) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hennessy Advisors, Inc.'s earnings high quality?
Hennessy Advisors, Inc. (HNNA) has an earnings quality ratio of 1.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Hennessy Advisors, Inc. cover its interest payments?
Hennessy Advisors, Inc. (HNNA) has an interest coverage ratio of 5.73x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Hennessy Advisors, Inc.?
Hennessy Advisors, Inc. (HNNA) scores 81 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.