Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed May 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HNNAZ SEC filings page.
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) reported $33.0M in revenue over the twelve months to Mar 31, 2026, down 7.1% 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).
Margin expansion is the dominant mechanic: operating gains convert into cash while liabilities grow more slowly than the asset base.
From FY2023 to FY2025, operating margin climbed from26.4% to37.0% , showing operating profit expanded faster than revenue. Operating cash flow rose from$7.1M to$13.8M over the same span and remained close to operating income in FY2025, supporting cash-backed earnings rather than growth dependent on accounting accruals.
Assets expanded from
FY2025 free cash flow of
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. 4.875% Notes due 2026'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. 4.875% Notes due 2026 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. 4.875% Notes due 2026'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. 4.875% Notes due 2026 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. 4.875% Notes due 2026 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. 4.875% Notes due 2026 converts 37.6% of revenue into free cash flow ($13.4M). This strong cash generation earns a score of 96/100.
Hennessy Advisors, Inc. 4.875% Notes due 2026'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. 4.875% Notes due 2026 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. 4.875% Notes due 2026 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. 4.875% Notes due 2026 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. 4.875% Notes due 2026 generated $8.1M in revenue in Q2 2026. This represents a decrease of 12.3% from the same quarter a year earlier. Against the prior quarter it is down 2.2%.
Hennessy Advisors, Inc. 4.875% Notes due 2026's EBITDA was $2.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 23.4% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.
Hennessy Advisors, Inc. 4.875% Notes due 2026 reported $1.9M in net income in Q2 2026. This represents a decrease of 26.1% from the same quarter a year earlier. Against the prior quarter it is down 1.0%.
Hennessy Advisors, Inc. 4.875% Notes due 2026 earned $0.24 per diluted share (EPS) in Q2 2026. This represents a decrease of 27.3% from the same quarter a year earlier. It is unchanged from the prior quarter.
Cash & Balance Sheet
Hennessy Advisors, Inc. 4.875% Notes due 2026 generated $2.2M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 38.8% from the same quarter a year earlier. Against the prior quarter it is up 273.2%.
Hennessy Advisors, Inc. 4.875% Notes due 2026 held $73.1M in cash as of Q2 2026; long-term debt is not reported for that period.
Hennessy Advisors, Inc. 4.875% Notes due 2026 paid $0.15 per share in dividends in Q2 2026. This represents an increase of 7.1% from the same quarter a year earlier. Against the prior quarter it is up 7.1%.
Margins & Returns
Hennessy Advisors, Inc. 4.875% Notes due 2026's operating margin was 32.1% in Q2 2026, reflecting core business profitability. This is down 5.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Hennessy Advisors, Inc. 4.875% Notes due 2026's net profit margin was 23.5% in Q2 2026, showing the share of revenue converted to profit. This is down 4.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Hennessy Advisors, Inc. 4.875% Notes due 2026's ROE was 1.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Capital Allocation
Hennessy Advisors, Inc. 4.875% Notes due 2026 invested $66K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 18.5% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
HNNAZ 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $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% | $7.8M+36.5% |
| SG&A Expenses | $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% | $1.6M+19.4% |
| Operating Income | $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% | $2.6M+87.0% |
| EBITDA | $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% | $2.6M+83.5% |
| Interest Expense | $578K+1.0% | $576K+0.7% | $575K+0.7% | $574K+0.9% | $572K+0.7% | $572K+0.9% | $571K+0.9% | $569K+0.7% |
| Income Tax | $736K-24.4% | $749K-33.9% | $714K-13.1% | $840K+10.7% | $973K+67.2% | $1.1M+155.2% | $822K+34.3% | $759K+84.2% |
| Net Income | $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% | $2.0M+81.8% |
| EPS (Basic) | $0.25-24.2% | $0.24-33.3% | N/A | $0.27+3.8% | $0.33+65.0% | $0.36+125.0% | N/A | $0.26+73.3% |
| EPS (Diluted) | $0.24-27.3% | $0.24-33.3% | N/A | $0.260.0% | $0.33+65.0% | $0.36+125.0% | N/A | $0.26+73.3% |
| Diluted Shares (Avg) | 8M+1.1% | 8M+1.3% | N/A | 8M+3.0% | 8M+2.8% | 8M+2.5% | N/A | 8M+1.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
HNNAZ 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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% | $149.5M+3.5% |
| Current Assets | $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% | $65.6M+5.3% |
| Cash & Equivalents | $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% | $62.0M+4.4% |
| Total Liabilities | $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% | $59.3M+4.1% |
| Current Liabilities | $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% | $3.8M+8.1% |
| Non-Current Liabilities | $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% | $55.5M+3.8% |
| Total Equity | $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% | $90.2M+3.1% |
| Retained Earnings | $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% | $67.6M+2.9% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Long-Term Debt.
HNNAZ 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $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% | $3.6M+32.0% |
| Depreciation & Amortization | $86K+24.6% | $66K+8.2% | $86K+45.8% | $74K+25.4% | $69K+21.1% | $61K-11.6% | $59K-10.6% | $59K0.0% |
| Stock-Based Compensation | N/A | $309K+3.3% | N/A | N/A | N/A | $299K+21.5% | N/A | N/A |
| Capital Expenditures | $66K-18.5% | $60K-48.7% | $175K+75.0% | $67K-30.9% | $81K+15.7% | $117K+154.3% | $100K+92.3% | $97K+94.0% |
| Free Cash Flow | $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% | $3.5M+30.8% |
| Investing Cash Flow | -$66K+42.1% | -$60K+52.8% | -$176K-76.0% | -$210K-125.8% | -$114K+86.7% | -$127K+49.2% | -$100K+35.5% | -$93K+32.6% |
| Financing Cash Flow | -$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% | -$1.0M-1.2% |
| Dividends Paid | $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% | $1.0M+1.1% |
Not reported in any period shown, so not listed: Share Buybacks.
HNNAZ 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 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 | 33.2%+9.0pp |
| Net Margin | 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 | 26.1%+6.5pp |
| Return on Equity | 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 | 2.3%+1.0pp |
| Return on Assets | 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 | 1.4%+0.6pp |
| Current Ratio | 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 | 17.39-0.5x |
| Debt-to-Equity | 0.610.0x | 0.610.0x | 0.640.0x | 0.640.0x | 0.630.0x | 0.640.0x | 0.670.0x | 0.660.0x |
| Asset Turnover | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.050.0x |
| FCF Margin | 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 | 44.4%-1.9pp |
Not reported in any period shown, so not listed: Gross Margin.
Where Hennessy Advisors, Inc. 4.875% Notes due 2026 Ranks
Frequently Asked Questions
What is Hennessy Advisors, Inc. 4.875% Notes due 2026's annual revenue?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026's revenue growing?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) revenue grew by 19.9% year-over-year, from $29.6M to $35.5M in fiscal year 2025.
Is Hennessy Advisors, Inc. 4.875% Notes due 2026 profitable?
Yes, Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) reported a net income of $10.0M in fiscal year 2025, with a net profit margin of 28.0%.
What is Hennessy Advisors, Inc. 4.875% Notes due 2026's EBITDA?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) had EBITDA of $13.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hennessy Advisors, Inc. 4.875% Notes due 2026's operating margin?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026's net profit margin?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026 pay dividends?
Yes, Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) paid $0.55 per share in dividends during fiscal year 2025.
What is Hennessy Advisors, Inc. 4.875% Notes due 2026's return on equity (ROE)?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026's free cash flow?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026's operating cash flow?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) generated $13.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hennessy Advisors, Inc. 4.875% Notes due 2026's total assets?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) had $160.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hennessy Advisors, Inc. 4.875% Notes due 2026's capital expenditures?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) invested $440K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hennessy Advisors, Inc. 4.875% Notes due 2026's current ratio?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) had a current ratio of 12.72 as of fiscal year 2025, which is generally considered healthy.
What is Hennessy Advisors, Inc. 4.875% Notes due 2026's debt-to-equity ratio?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026's return on assets (ROA)?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026's Piotroski F-Score?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026's earnings high quality?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026 cover its interest payments?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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. 4.875% Notes due 2026?
Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) 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.