Hennessy Advisors, Inc.
HNNA Financial Asset Management
Hennessy Advisors, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $35.5 million, up 19.9% from fiscal 2024. In the quarter to June 2026, revenue grew 4.17%, EPS fell 3.85% and free cash flow fell 6.00%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Sep '16 | Sep '17 | Sep '18 | Sep '19 | Sep '20 | Sep '21 | Sep '22 | Sep '23 | Sep '24 | Sep '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
3.54 | 15.71 | 25.40 | 24.70 | 9.96 | 15.85 | 58.50 | 60.49 | 63.93 | 72.44 |
Receivables |
4.81 | 4.91 | 4.67 | 3.68 | 2.78 | 3.07 | 2.41 | 2.55 | 3.53 | 3.28 |
Total current assets |
10.14 | 22.23 | 30.74 | 29.01 | 13.38 | 19.71 | 61.66 | 63.70 | 68.28 | 76.52 |
Property, Plant, Equpment (Net) |
0.30 | 0.25 | 0.38 | 0.36 | 0.29 | 0.31 | 0.32 | 0.31 | 0.37 | 0.52 |
Long-term assets (Other) |
74.51 | 74.77 | 78.35 | 80.84 | 80.83 | 80.88 | 81.02 | 81.42 | 82.44 | 82.74 |
Total non-current assets |
74.80 | 75.03 | 78.74 | 81.20 | 81.13 | 81.19 | 81.34 | 81.72 | 82.81 | 83.27 |
Total Assets |
84.94 | 97.26 | 109.48 | 110.21 | 94.79 | 101.91 | 143.65 | 145.72 | 152.10 | 160.46 |
Accrued Expenses |
6.58 | 7.35 | 7.08 | 5.54 | 3.81 | 4.15 | 3.53 | 3.17 | 4.44 | 4.99 |
Current Part of Debt |
4.23 | 4.23 | 4.23 | 5.04 | — | — | — | — | — | — |
Current Part of Taxes to Pay |
0.38 | 0.68 | 0.56 | 0.67 | 0.95 | 1.05 | 0.82 | 0.75 | 0.18 | 0.66 |
Current Revenue (Deferred) |
0.03 | 0.20 | 0.17 | 0.12 | 0.00 | — | — | — | — | — |
Total current liabilities |
11.22 | 12.46 | 12.04 | 11.36 | 5.09 | 5.56 | 4.72 | 4.19 | 4.95 | 6.01 |
Long Term Debt (Total) |
25.96 | 21.73 | 17.50 | 13.05 | — | 0.65 | 38.87 | 39.16 | 39.48 | 39.81 |
Long Term Tax Liability (Deferred) |
10.43 | 11.54 | 8.97 | 10.27 | 11.52 | 12.44 | 13.49 | 14.61 | 15.66 | 16.57 |
Total non-current liabilities |
36.39 | 33.27 | 26.47 | 23.32 | 11.52 | 13.08 | 52.64 | 53.78 | 55.83 | 56.71 |
Total liabilities |
47.61 | 45.73 | 38.50 | 34.68 | 16.61 | 18.64 | 57.35 | 57.97 | 60.79 | 62.72 |
Common Stock (Net) |
13.28 | 14.94 | 16.78 | 17.67 | 18.71 | 19.96 | 20.95 | 21.80 | 22.59 | 23.48 |
Retained Earnings |
24.05 | 36.59 | 54.20 | 57.86 | 59.47 | 63.30 | 65.35 | 65.95 | 68.72 | 74.26 |
Common Equity (Total) |
37.33 | 51.53 | 70.98 | 75.53 | 78.18 | 83.26 | 86.30 | 87.75 | 91.31 | 97.74 |
Shareholders Equity (Total) |
37.33 | 51.53 | 70.98 | 75.53 | 78.18 | 83.26 | 86.30 | 87.75 | 91.31 | 97.74 |
Shareholders Equity and Liabilities (Total) |
84.94 | 97.26 | 109.48 | 110.21 | 94.79 | 101.91 | 143.65 | 145.72 | 152.10 | 160.46 |
Shares (Common) |
7.66 | 7.78 | 7.90 | 7.53 | 7.36 | 7.47 | 7.57 | 7.67 | 7.78 | 7.89 |
Shareholders Equity (Tangible) |
37.33 | 51.53 | 70.98 | 75.53 | 78.18 | 83.26 | 86.30 | 87.75 | 91.31 | 97.74 |
Net Debt |
26.64 | 10.25 | (3.68) | (6.61) | (9.96) | (15.20) | (19.63) | (21.32) | (24.46) | (32.64) |
Total Debt |
30.18 | 25.96 | 21.73 | 18.09 | 0.33 | 0.65 | 38.87 | 39.16 | 39.48 | 39.81 |