HNNA · Hennessy Advisors Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $35.54M | $29.65M | $24.02M | $29.67M | $32.76M | $33.39M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $6.30M | $6.48M | $5.48M | $5.04M | $4.75M | $4.96M |
| Total Operating Expenses | $22.39M | $20.78M | $17.69M | $19.83M | $21.88M | $22.07M |
| D&A | $290.0K | $244.0K | $230.0K | $207.0K | $232.0K | $239.0K |
| Operating Income | $13.14M | $8.87M | $6.33M | $9.84M | $10.88M | $11.32M |
| Interest Expense | $2.29M | $2.27M | $2.26M | $0 | - | $447.0K |
| Income Tax | $3.66M | $2.61M | $1.83M | $1.76M | $2.98M | $3.12M |
| Net Income | $9.96M | $7.10M | $4.77M | $6.19M | $7.90M | $7.84M |
| EPS - Basic | $1.28 | $0.92 | $0.63 | $0.83 | $1.07 | $1.07 |
| EPS - Diluted | $1.27 | $0.92 | $0.63 | $0.82 | $1.07 | $1.06 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $72.43M | $63.92M | $60.48M | $58.49M | $15.84M | $9.96M |
| Accounts Receivable | - | - | - | $2.05M | $2.79M | $2.40M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $76.52M | $68.28M | $63.70M | $61.66M | $19.71M | $13.38M |
| Total Assets | $160.46M | $152.10M | $145.72M | $143.65M | $101.91M | $94.79M |
| Current Liabilities | $6.01M | $4.95M | $4.19M | $4.72M | $5.56M | $5.09M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $62.72M | $60.79M | $57.97M | $57.35M | $18.64M | $16.61M |
| Stockholders' Equity | $97.74M | $91.31M | $87.75M | $86.30M | $83.26M | $78.18M |
| Retained Earnings | $74.26M | $68.72M | $65.95M | $65.35M | $63.30M | $59.47M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $13.79M | $9.28M | $7.13M | $8.66M | $10.39M | $10.62M |
| Investing Cash Flow | ($627.0K) | ($1.30M) | ($819.0K) | ($231.0K) | ($249.0K) | ($882.0K) |
| Financing Cash Flow | ($4.66M) | ($4.53M) | ($4.33M) | $34.22M | ($4.26M) | ($24.47M) |
| CapEx | $440.0K | $313.0K | $215.0K | $216.0K | $249.0K | $172.0K |
| Free Cash Flow | $13.35M | $8.96M | $6.92M | $8.45M | $10.14M | $10.45M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 37.0% | 29.9% | 26.4% | 33.2% | 33.2% | 33.9% |
| EBITDA margin | 37.8% | 30.7% | 27.3% | 33.9% | 33.9% | 34.6% |
| Net margin | 28.0% | 23.9% | 19.9% | 20.9% | 24.1% | 23.5% |
| Free cash flow margin | 37.6% | 30.2% | 28.8% | 28.5% | 30.9% | 31.3% |
| FCF / Net income | 1.34 | 1.26 | 1.45 | 1.36 | 1.28 | 1.33 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 17.7% | 21.9% | 22.8% | 17.0% | 14.5% | 14.9% |
| Effective tax rate | 26.9% | 26.9% | 27.7% | 22.1% | 27.4% | 28.5% |
| Return on assets | 6.2% | 4.7% | 3.3% | 4.3% | 7.8% | 8.3% |
| Return on equity | 10.2% | 7.8% | 5.4% | 7.2% | 9.5% | 10.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 12.72 | 13.78 | 15.20 | 13.07 | 3.54 | 2.63 |
| Quick ratio | 12.72 | 13.78 | 15.20 | 13.07 | 3.54 | 2.63 |
| Cash ratio | 12.05 | 12.90 | 14.43 | 12.40 | 2.85 | 1.96 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 5.7x | 3.9x | 2.8x | - | - | 25.3x |
| Equity multiplier | 1.64 | 1.67 | 1.66 | 1.66 | 1.22 | 1.21 |
| Liabilities / Assets | 0.39 | 0.40 | 0.40 | 0.40 | 0.18 | 0.18 |
| Efficiency | ||||||
| Asset turnover | 0.22 | 0.19 | 0.16 | 0.21 | 0.32 | 0.35 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | 25d | 31d | 26d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 8.2x | 10.8x | 10.6x | 10.6x | 9.0x | 7.8x |
| P / B | 0.8x | 0.8x | 0.6x | 0.8x | 0.9x | 0.8x |
| P / S | 2.3x | 2.6x | 2.1x | 2.2x | 2.2x | 1.8x |
| EV / EBITDA | 0.7x | 1.4x | -1.5x | 0.7x | 5.0x | 4.4x |
| Growth | ||||||
| Revenue growth (YoY) | 19.9% | 23.4% | -19.0% | -9.4% | -1.9% | -38.8% |
| Revenue CAGR (3y) | 6.2% | -3.3% | -10.4% | -18.4% | -15.7% | -14.3% |
| Revenue CAGR (5y) | 1.3% | -11.5% | -15.1% | -10.9% | -8.6% | -5.7% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 48.2% | 40.0% | -35.6% | -9.6% | -3.9% | -29.3% |
| Net income growth (YoY) | 40.3% | 48.8% | -22.9% | -21.7% | 0.8% | -28.9% |
| EPS growth (YoY) | 38.0% | 46.0% | -23.2% | -23.4% | 0.9% | -25.4% |
| EPS CAGR (3y) | 15.7% | -4.9% | -15.9% | -16.7% | -25.7% | -18.0% |
| EPS CAGR (5y) | 3.7% | -8.3% | -24.7% | -15.6% | -17.4% | -11.1% |
| FCF growth (YoY) | 49.0% | 29.6% | -18.1% | -16.7% | -3.0% | -26.3% |
| FCF CAGR (5y) | 5.0% | -8.8% | -18.7% | -15.0% | -10.9% | -5.9% |
| Book value growth (YoY) | 7.0% | 4.1% | 1.7% | 3.6% | 6.5% | 3.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Product / service
$35.54M totalInvestment Advice$33.17M · 93.3%
Shareholder Service$2.36M · 6.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.84
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Investment Advice
Comparing HENNESSY ADVISORS INC against the 5 most active filers in the same SIC group.
Dividends
$0.58/share trailing 12 months · +4.3% YoY
| Ex-date | Per share |
|---|---|
| May 21, 2026 | $0.1500 |
| Feb 18, 2026 | $0.1500 |
| Nov 12, 2025 | $0.1380 |
| Aug 20, 2025 | $0.1380 |
| May 20, 2025 | $0.1380 |
| Feb 24, 2025 | $0.1380 |
| Nov 14, 2024 | $0.1380 |
| Aug 22, 2024 | $0.1380 |
| May 21, 2024 | $0.1380 |
| Feb 16, 2024 | $0.1380 |
| Nov 10, 2023 | $0.1380 |
| Aug 22, 2023 | $0.1380 |
| May 22, 2023 | $0.1380 |
| Feb 17, 2023 | $0.1380 |
| Nov 14, 2022 | $0.1380 |
| Aug 15, 2022 | $0.1380 |
| May 20, 2022 | $0.1380 |
| Feb 18, 2022 | $0.1380 |
| Nov 9, 2021 | $0.1380 |
| Aug 16, 2021 | $0.1380 |
| May 24, 2021 | $0.1380 |
| Feb 23, 2021 | $0.1380 |
| Nov 10, 2020 | $0.1380 |
| Aug 18, 2020 | $0.1380 |