Hennessy Advisors (HNNA) Financial Statements & Analysis

Hennessy Advisors (HNNA) Income Statement

Hennessy Advisors reported revenue of $35.54M in fiscal 2025 (fiscal year ended Sep 30, 2025), up 19.9% from $29.65M a year earlier. Net income was $9.96M, up 40.3% year over year, a net margin of 28.0%. Gross margin was 100.0% and operating margin 37.0%. In the most recent quarter, Q3 fiscal 2026 (ended Jun 30, 2026), revenue was $8.39M, up 4.2% from the same quarter a year earlier.

Hennessy Advisors Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Hennessy Advisors, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Revenue & Gross Profit
Revenue	35.54	29.65	24.02	29.67	32.76	33.39	42.72	54.59	52.96
Cost of Revenue	15.80	9.06	11.98	14.59	16.90	8.82	20.67	24.02	22.36
Gross Profit	35.54	20.58	12.04	15.08	32.76	24.57	22.04	30.57	30.59
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	6.30	6.48	5.48	5.04	4.75	13.01	5.80	5.86	5.88
Operating Expenses	6.59	11.72	5.71	5.24	4.99	13.25	6.02	6.10	6.10
Operating Income	13.15	8.87	6.33	9.84	10.88	11.32	16.02	24.48	24.49
Other Income/Expense
Interest Income	2.77	3.11	2.52	0.23	0.00	0.00	0.00	0.00	0.00
Interest Expense	-2.29	2.28	2.26	2.12	0.00	0.45	1.08	1.23	1.26
Other Income/Expense	0.48	0.84	0.27	0.23	0.00	-0.36	-0.75	-1.08	-1.24
Income
Income Before Tax	13.62	9.70	6.60	7.95	10.88	10.96	15.28	23.39	23.25
Income Tax Expense	3.66	2.61	1.83	1.76	2.98	3.12	4.24	2.78	8.31
Net Income	9.96	7.10	4.77	6.19	7.90	7.84	11.03	20.62	14.94
Net Income - Continuous Operations	9.96	7.10	4.77	6.19	7.90	7.84	11.03	20.62	14.94
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	13.44	9.11	6.56	10.28	11.11	11.56	16.58	24.85	24.72
EBIT	13.15	8.87	8.86	10.07	10.88	-	-	-	-
Depreciation & Amortization	0.29	0.24	0.23	0.21	0.23	0.24	0.23	0.23	0.22
Earnings Per Share
Basic EPS	1.00	1.00	1.00	1.00	1.00	1.00	1.00	3.00	2.00
Diluted EPS	1.00	1.00	1.00	1.00	1.00	1.00	1.00	3.00	2.00
Basic Shares Outstanding	7.79	7.68	7.58	7.48	7.37	7.35	7.76	7.81	7.69
Diluted Shares Outstanding	7.83	7.72	7.60	7.56	7.41	7.38	7.77	7.89	7.79

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Hennessy Advisors Financial Statements

What was Hennessy Advisors's revenue in fiscal 2025?

Hennessy Advisors reported revenue of $35.54M in fiscal 2025 (fiscal year ended Sep 30, 2025). That was up 19.9% from $29.65M a year earlier.

Is Hennessy Advisors profitable?

Yes. Hennessy Advisors earned net income of $9.96M in fiscal 2025, a net margin of 28.0%. In fiscal 2024 it earned $7.10M.

What is Hennessy Advisors's operating margin?

Hennessy Advisors's operating income was $13.14M on revenue of $35.54M in fiscal 2025, an operating margin of 37.0%, compared with 29.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition