HENNESSY ADVISORS INC HNNA

Financials SIC 6282 - Investment Advice NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities › Portfolio Management and Investment Advice derived Nasdaq

Hennessy Advisors, Inc. (the "Company," "we," "us," or "our") is a publicly traded investment management firm whose primary business activity is providing investment advisory services to a family of 16 open-end mutual funds (collectively, the "Hennessy Mutual Funds") and one exchange‑traded fund ("ETF") branded as the Hennessy Funds. We are committed to providing superior service to investors and employing a consistent and disciplined approach to investing based on a buy‑and‑hold philosophy that rejects the idea of market timing. Our goal is to provide products that investors can have confidence in, knowing their money is invested as promised and with their best interests in mind. Our firm was founded on these principles over 35 years ago, and the same principles guide us today.

Last close 10.18 2026-10-23
Market cap $80.5M 2026-06-30 share count
52-week range 9.13 - 10.87

Valuation FY2025 figures against the last close

P/S2.3x
P/E8.0x
P/FCF6.0x
EV/EBITDA6.0x
Dividend yield5.2%
Diluted EPS1.27

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $35.5M$29.6M$24.0M$29.7M$32.8M$33.4M$42.7M$54.6M$53.0M$51.4M
SG&A $6.3M$6.5M$5.5M$5.0M$4.8M$5.0M$5.8M$5.9M$5.9M$5.8M
Total operating expenses $22.4M$20.8M$17.7M$19.8M$21.9M$22.1M$26.7M$30.1M$28.5M$27.6M
Operating income $13.1M$8.9M$6.3M$9.8M$10.9M$11.3M$16.0M$24.5M$24.5M$23.8M
Interest expense $2.3M$2.3M$2.3M$2.1M$0$447.0K$1.1M$1.2M$1.3M$1.2M
Pre-tax income $13.6M$9.7M$6.6M$7.9M$10.9M$11.0M$15.3M$23.4M$23.2M$22.6M
Income tax $3.7M$2.6M$1.8M$1.8M$3.0M$3.1M$4.2M$2.8M$8.3M$8.2M
Net income $10.0M$7.1M$4.8M$6.2M$7.9M$7.8M$11.0M$20.6M$14.9M$14.4M
EPS, basic 1.280.920.630.831.071.071.422.641.941.89
EPS, diluted 1.270.920.630.821.071.061.422.611.921.86
Shares, diluted (wtd. avg.) 7.8M7.7M7.6M7.6M7.4M7.4M7.8M7.9M7.8M7.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $72.4M$63.9M$60.5M$58.5M$15.8M$10.0M$24.7M$25.4M$15.7M$3.5M
Short-term investments $12.0K$11.0K$10.0K$9.0K$10.0K$9.0K$9.0K$9.0K$8.0K$8.0K
Receivables ———$2.1M$2.8M$2.4M$3.3M$4.3M$4.3M$4.2M
Total current assets $76.5M$68.3M$63.7M$61.7M$19.7M$13.4M$29.0M$30.7M$22.2M$10.1M
Property, plant and equipment $524.0K$374.0K$305.0K$320.0K$311.0K$294.0K$361.0K$382.0K$254.0K$296.0K
Total assets $160.5M$152.1M$145.7M$143.7M$101.9M$94.8M$110.2M$109.5M$97.3M$84.9M
Accounts payable $4.9M$4.4M$3.2M$3.3M——————
Short-term debt ——————$4.3M$4.2M$4.2M$4.2M
Total current liabilities $6.0M$5.0M$4.2M$4.7M$5.6M$5.1M$11.4M$12.0M$12.5M$11.2M
Long-term debt ——————$13.0M$17.5M$21.7M$26.0M
Total liabilities $62.7M$60.8M$58.0M$57.4M$18.6M$16.6M$34.7M$38.5M$45.7M$47.6M
Retained earnings $74.3M$68.7M$66.0M$65.3M$63.3M$59.5M$57.9M$54.2M$36.6M$24.1M
Total equity $97.7M$91.3M$87.8M$86.3M$83.3M$78.2M$75.5M$71.0M$51.5M$37.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $13.8M$9.3M$7.1M$8.7M$10.4M$10.6M$14.4M$21.5M$19.8M$18.2M
Depreciation and amortisation $290.0K$244.0K$230.0K$207.0K$232.0K$239.0K$225.0K$231.0K$219.0K$210.0K
Stock-based compensation $1.1M$990.0K$1.0M$1.3M$1.4M$1.8M$2.2M$2.4M$2.1M$1.4M
Capital expenditure $440.0K$313.0K$215.0K$216.0K$249.0K$172.0K$204.0K$360.0K$176.0K$184.0K
Investing cash flow -$627.0K-$1.3M-$819.0K-$231.0K-$249.0K-$882.0K-$2.0M-$3.9M-$445.0K-$11.9M
Financing cash flow -$4.7M-$4.5M-$4.3M$34.2M-$4.3M-$24.5M-$13.1M-$7.9M-$7.2M-$5.9M
Dividends paid $4.2M$4.2M$4.1M$4.0M$4.0M$4.0M$3.5M$2.9M$2.2M$1.5M
Buybacks —————$2.7M$4.8M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-25-036795.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M Revenue, FY2016: 51.4M Net income, FY2016: 14.4M Revenue, FY2017: 53M Net income, FY2017: 14.9M Revenue, FY2018: 54.6M Net income, FY2018: 20.6M Revenue, FY2019: 42.7M Net income, FY2019: 11M Revenue, FY2020: 33.4M Net income, FY2020: 7.8M Revenue, FY2021: 32.8M Net income, FY2021: 7.9M Revenue, FY2022: 29.7M Net income, FY2022: 6.2M Revenue, FY2023: 24M Net income, FY2023: 4.8M Revenue, FY2024: 29.6M Net income, FY2024: 7.1M Revenue, FY2025: 35.5M Net income, FY2025: 10M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $51.4M $53.0M $54.6M $42.7M $33.4M $32.8M $29.7M $24.0M $29.6M $35.5M
Gross profit — — — — — — — — — —
Net income $14.4M $14.9M $20.6M $11.0M $7.8M $7.9M $6.2M $4.8M $7.1M $10.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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