Hennessy Advisors (NASDAQ: HNNA) lifts Q3 revenue and redeems $40.25M debt

Q: What were Hennessy Advisors (HNNA) key quarterly financial results for June 30, 2026?

Hennessy Advisors reported revenue of $8,390,476 , up 4.2% year-over-year, and net income of $1,999,148 versus $2,120,934. Diluted EPS was $0.25 , compared with $0.26 in the prior-year quarter.

Q: What dividend did Hennessy Advisors (HNNA) declare and when will it be paid?

The company declared a quarterly cash dividend of $0.15 per share , payable on September 3, 2026 , to shareholders of record on August 20, 2026 . The dividend represents an annualized yield of 6.1% .

Q: How did Hennessy Advisors (HNNA) change its debt during the quarter?

Management decided to redeem $40.25 million of notes payable about six months before the December 31, 2026 maturity. This early redemption accelerated financing costs, reducing current-quarter earnings while removing the outstanding notes.

Q: What happened to Hennessy Advisors (HNNA) cash position year-over-year?

Cash and cash equivalents net of gross debt rose to $35,350,689 as of June 30, 2026, from $30,069,042 a year earlier. This represents a 17.6% increase in net cash over the prior-year period.

Q: What were Hennessy Advisors (HNNA) assets under management as of June 30, 2026?

Average assets under management for the quarter were $4,261,027,927 , up 4.0% from the prior-year quarter. Total assets under management as of June 30, 2026, were $4,390,624,761 , compared with $4,280,005,244 a year earlier.

Q: How did Hennessy Advisors (HNNA) earnings change compared with the prior year?

Net income decreased to $1,999,148 , down 5.7% from $2,120,934, and diluted EPS declined to $0.25 from $0.26. Management attributes lower earnings partly to accelerated financing costs from early debt redemption.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Hennessy Advisors, Inc. reported results for its third fiscal quarter ended June 30, 2026. Total revenue was $8,390,476, up 4.2% from $8,054,259 in the prior-year quarter, driven by a 4.0% increase in average assets under management to $4,261,027,927. Net income was $1,999,148 compared with $2,120,934, and diluted earnings per share were $0.25 versus $0.26.

The company redeemed notes payable of $40.25 million six months ahead of the December 31, 2026 maturity, which reduced current-quarter earnings through accelerated financing costs. As of June 30, 2026, cash and cash equivalents net of gross debt were $35,350,689, up 17.6% from $30,069,042, and total assets under management were $4,390,624,761. The board declared a $0.15 per share quarterly cash dividend, payable September 3, 2026 to shareholders of record on August 20, 2026; this represents an annualized dividend yield of 6.1%.

Positive

The company redeemed $40.25 million of notes payable six months before the December 31, 2026 maturity, eliminating this debt and accompanying interest obligations.
Cash and cash equivalents net of gross debt increased 17.6% year-over-year to $35,350,689, reinforcing the company’s liquidity while maintaining a quarterly dividend.

Negative

None.

Insights

Analyzing...

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Total Revenue: $8,390,476 Net Income: 1,999,148 Diluted EPS: 0.25 +5 more

8 metrics

Total Revenue $8,390,476 Three months ended June 30, 2026; up 4.2% from $8,054,259

Net Income 1,999,148 Three months ended June 30, 2026; down 5.7% from 2,120,934

Diluted EPS 0.25 Three months ended June 30, 2026; compared with 0.26 a year earlier

Quarterly Dividend $0.15 per share Payable September 3, 2026 to shareholders of record on August 20, 2026

Annualized Dividend Yield 6.1% Yield represented by the $0.15 per share quarterly dividend

Notes Payable Redeemed $40.25 million Redeemed approximately six months ahead of December 31, 2026 maturity

Cash Net of Gross Debt 35,350,689 As of June 30, 2026; up 17.6% from 30,069,042

Total Assets Under Management $4,390,624,761 As of June 30, 2026; compared with $4,280,005,244 a year earlier

Key Terms

notes payable, assets under management, Regulation FD Disclosure, forward-looking statements, +1 more

5 terms

notes payable financial

"we made the decision to redeem our notes payable of $40.25 million"

A note payable is a formal, written promise a company makes to repay borrowed money, usually with interest, by a specified date. Think of it as a documented IOU with clear repayment terms; it matters to investors because these obligations affect a company’s cash flow, creditworthiness and financial risk—large or soon-due notes can limit flexibility, while manageable notes can fund growth without diluting ownership.

assets under management financial

"Average Assets Under Management | 4,261,027,927"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

Regulation FD Disclosure regulatory

"Item 7.01. Regulation FD Disclosure On August 5, 2026"

Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.

forward-looking statements regulatory

"This press release contains “forward-looking statements” for which Hennessy Advisors, Inc. claims"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

dividend yield financial

"The dividend represents an annualized yield of 6.1%."

Dividend yield is the annual cash dividend a company pays divided by its current share price, shown as a percentage. It tells investors how much income they would receive for each dollar invested—similar to the interest rate on a savings account—helping compare income potential across stocks and flagging when a payout looks unusually high or low relative to the share price.

Earnings Snapshot

Total Revenue: $8,390,476

three months ended June 30, 2026

Total Revenue $8,390,476 up 4.2% vs quarter ended June 30, 2025

Net Income 1,999,148 down 5.7% vs quarter ended June 30, 2025

Diluted EPS 0.25 down 3.8% vs quarter ended June 30, 2025

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/05/2026 - 04:52 PM Accepted by SEC EDGAR 08/05/2026 - 04:51 PM

FAQ

What were Hennessy Advisors (HNNA) key quarterly financial results for June 30, 2026?

Hennessy Advisors reported revenue of $8,390,476, up 4.2% year-over-year, and net income of $1,999,148 versus $2,120,934. Diluted EPS was $0.25, compared with $0.26 in the prior-year quarter.

What dividend did Hennessy Advisors (HNNA) declare and when will it be paid?

The company declared a quarterly cash dividend of $0.15 per share, payable on September 3, 2026, to shareholders of record on August 20, 2026. The dividend represents an annualized yield of 6.1%.

How did Hennessy Advisors (HNNA) change its debt during the quarter?

Management decided to redeem $40.25 million of notes payable about six months before the December 31, 2026 maturity. This early redemption accelerated financing costs, reducing current-quarter earnings while removing the outstanding notes.

What happened to Hennessy Advisors (HNNA) cash position year-over-year?

Cash and cash equivalents net of gross debt rose to $35,350,689 as of June 30, 2026, from $30,069,042 a year earlier. This represents a 17.6% increase in net cash over the prior-year period.

What were Hennessy Advisors (HNNA) assets under management as of June 30, 2026?

Average assets under management for the quarter were $4,261,027,927, up 4.0% from the prior-year quarter. Total assets under management as of June 30, 2026, were $4,390,624,761, compared with $4,280,005,244 a year earlier.

How did Hennessy Advisors (HNNA) earnings change compared with the prior year?

Net income decreased to $1,999,148, down 5.7% from $2,120,934, and diluted EPS declined to $0.25 from $0.26. Management attributes lower earnings partly to accelerated financing costs from early debt redemption.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 5, 2026

HENNESSY ADVISORS, INC.

(Exact name of registrant as specified in its charter)

California	001-36423	68-0176227
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

7250 Redwood Blvd., Suite 200 Novato, California	94945
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number including area code: (415) 899-1555

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol	Name of each exchange on which registered
Common stock, no par value	HNNA	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On August 5, 2026, Hennessy Advisors, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 30, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated by reference herein.

Item 7.01. Regulation FD Disclosure

On August 5, 2026, the Company issued a press release announcing that it had declared a cash dividend of $0.15 per share on its common stock. The cash dividend is payable September 3, 2026, to shareholders of record at the close of business on August 20, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits

EXHIBIT INDEX

Exhibit	Description
99.1	Press release.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HENNESSY ADVISORS, INC.



August 5, 2026	By:	/s/ Teresa M. Nilsen
		Teresa M. Nilsen
		President

Exhibit 99.1

Media Contacts:

Teresa Nilsen

Hennessy Advisors, Inc.

Terry@hennessyadvisors.com; 800-966-4354

Hibre Teklemariam

SunStar Strategic

HTeklemariam@sunstarstrategic.com; 703-894-1057

FOR IMMEDIATE RELEASE

Hennessy Advisors, Inc. Reports Quarterly Earnings

and Announces Quarterly Dividend

August 5, 2026, Novato, CA - Hennessy Advisors, Inc. (Nasdaq:HNNA) reported results for its third fiscal quarter ended June 30, 2026, and declared a quarterly dividend of $0.15 per share to be paid on September 3, 2026, to shareholders of record as of August 20, 2026. The dividend represents an annualized yield of 6.1%.*

“The U.S. stock market has delivered solid performance over the first half of 2026. I believe the market is trading on fundamentally positive information – strong corporate earnings as well as employment and wage growth – as opposed to any AI ‘hype.’ It is no longer primarily the Magnificent 7 driving market growth. Instead, we are seeing small and midcap growth and value stocks participating in the market’s advance,” said Neil Hennessy, Chairman and CEO. “I believe the shift in sentiment bodes well for long-term market performance. While interest rates may be higher than we had hoped, and geopolitical strain continues on a global level, I believe the underlying fundamentals continue to support measured growth, and I’m hopeful that we close out 2026 with another year of positive market returns,” he added.

“This quarter, we made the decision to redeem our notes payable of $40.25 million six months ahead of the maturity date of December 31, 2026,” said Teresa Nilsen, President and COO. “That decision reflects our assessment of current interest rates, our available cash position, and our analysis of short-term capital needs.”

“We are pleased to report a 4% increase in revenue driven by higher assets under management year-over-year,” she continued. “While the early redemption of our notes payable reduced earnings in the current quarter due to the accelerated recognition of financing costs, our net cash position increased 18% from the prior year to more than $35 million. We believe our balance sheet remains a competitive advantage, allowing us to pursue strategic acquisition opportunities while continuing to return capital to our shareholders through a dividend.”

Summary Highlights (compared to the prior comparable quarter ended June 30, 2025):

●

Total revenue of $8.4 million, an increase of 4%.

●

Net income of $2.0 million, a decrease of 6%, primarily attributable to the early redemption of debt.

●

Fully diluted earnings per share of $0.25, a decrease of 4%.

●

Average assets under management, upon which revenue is earned, of $4.3 billion, an increase of 4%.

●

Total assets under management of $4.4 billion, an increase of 3%.

●

Cash and cash equivalents, net of gross debt, of $35.4 million, an increase of 18%.

	Three Months Ended Jun 30,				Change
	2026		2025		Amount			Percent
Total Revenue	$	8,390,476	$	8,054,259	$	336,217			4.2	%
Net Income		1,999,148		2,120,934		(121,786	)		-5.7	%
Earnings Per Share (Diluted)		0.25		0.26		(0.01	)		-3.8	%
Weighted Average Number of Shares Outstanding (Diluted)		8,038,411		7,960,872		77,539			1.0	%
Average Assets Under Management		4,261,027,927		4,098,783,695		162,244,232			4.0	%

	As of Jun 30,
	2026		2025
Total Assets Under Management	$	4,390,624,761	$	4,280,005,244	$	110,619,517			2.6	%
Cash and Cash Equivalents, Net of Gross Debt Balance		35,350,689		30,069,042		5,281,647			17.6	%

*	Based on the closing stock price of $9.76 on August 4, 2026, and an annualized dividend of $0.60 per share.

About Hennessy Advisors, Inc.

Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy‑and‑hold philosophy that rejects the idea of market timing.

Supplemental Information

Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.

Forward-Looking Statements

This press release contains “forward-looking statements” for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward‑looking statements relate to expectations and projections about future events based on currently available information. Forward‑looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward‑looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled “Risk Factors” and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward‑looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations.

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EXHIBIT 99.1 53.5 KB