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.

10.25 0.18 −1.73%
Market cap
$82.5M
P/E
9.9×
Fwd P/E
10.6×
Dividend yield
5.73%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Sep '16 Sep '17 Sep '18 Sep '19 Sep '20 Sep '21 Sep '22 Sep '23 Sep '24 Sep '25
Revenue
51.41 52.96 54.59 42.72 33.39 32.76 29.67 24.02 29.65 35.54
Revenue Growth
14.91% 3.01% 3.09% (21.75%) (21.83%) (1.88%) (9.44%) (19.03%) 23.42% 19.87%
Gross Profit
51.41 52.96 54.59 42.72 33.39 32.76 29.67 24.02 29.65 35.54
SG&A Expenses
26.49 27.97 29.36 25.96 21.35 21.16 19.09 16.97 19.72 21.07
Operating Income
23.79 24.49 24.48 16.02 11.32 10.88 9.84 6.33 8.87 13.15
Non-operating Income/Expense
(1.23) (1.24) (1.08) (0.75) (0.36) 0.00 (1.89) 0.27 0.84 0.48
Non-operating Interest Expenses
1.23 1.26 1.23 1.08 0.45 0.00 2.12 2.26 2.28 2.29
EBT
22.56 23.25 23.39 15.28 10.96 10.88 7.95 6.60 9.70 13.62
Income Tax Provision
8.19 8.31 2.78 4.24 3.12 2.98 1.76 1.83 2.61 3.66
Income after Tax
14.37 14.94 20.62 11.03 7.84 7.90 6.19 4.77 7.10 9.96
Dividends (Preferred)
— — — — 0.00 0.00 — — — —
Net Income Common
14.37 14.94 20.62 11.03 7.84 7.90 6.19 4.77 7.10 9.96
EPS (Basic)
1.86 1.94 2.64 1.42 1.07 1.07 0.83 0.63 0.92 1.28
EPS (Diluted)
1.86 1.92 2.61 1.42 1.06 1.07 0.82 0.63 0.92 1.27
Shares (Basic, Weighted)
7.60 7.69 7.81 7.76 7.35 7.37 7.48 7.58 7.68 7.79
Shares (Diluted, Weighted)
7.72 7.79 7.89 7.77 7.38 7.41 7.56 7.60 7.72 7.83
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBIT Margin
46.28% 46.25% 44.83% 37.51% 33.90% 33.21% 33.16% 26.37% 29.91% 36.99%
EBT margin
43.88% 43.90% 42.85% 35.76% 32.83% 33.21% 26.78% 27.48% 32.73% 38.33%
Net Profit Margin
27.95% 28.22% 37.76% 25.82% 23.48% 24.12% 20.86% 19.86% 23.94% 28.03%
Free Cash Flow Margin
35.02% 37.14% 38.78% 33.22% 31.30% 30.94% 28.48% 28.81% 30.24% 37.57%
EBITDA
24.14 24.86 24.71 16.25 11.56 11.11 10.31 6.86 9.42 13.77
EBIT
23.79 24.49 24.48 16.02 11.32 10.88 9.84 6.33 8.87 13.15
Income from Continuous Operations
14.37 14.94 20.62 11.03 7.84 7.90 6.19 4.77 7.10 9.96
Consolidated Net Income/Loss
14.37 14.94 20.62 11.03 7.84 7.90 6.19 4.77 7.10 9.96
EPS (Basic, from Continuous Ops)
1.89 1.94 2.64 1.42 1.07 1.07 0.83 0.63 0.92 1.28
EPS (Basic, Consolidated)
1.89 1.94 2.64 1.42 1.07 1.07 0.83 0.63 0.92 1.28
EPS (Diluted, from Cont. Ops)
1.86 1.92 2.61 1.42 1.06 1.07 0.82 0.63 0.92 1.27
Shares (Diluted, Average)
7.72 7.79 7.89 7.77 7.38 7.41 7.56 7.60 7.72 7.83
EPS (Diluted, Consolidated)
1.86 1.92 2.61 1.42 1.06 1.07 0.82 0.63 0.92 1.27
EBITDA Margin
46.96% 46.94% 45.26% 38.03% 34.62% 33.92% 34.75% 28.55% 31.79% 38.73%
Operating Cash Flow Margin
35.37% 37.48% 39.44% 33.69% 31.82% 31.70% 29.21% 29.70% 31.29% 38.81%

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In millions of $ except per-share values · columns are period end dates