HNNA
Hennessy Advisors, Inc.9.40
+0.04+0.43%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
74.18MP/E (TTM)
7.40Basic EPS (TTM)
1.27Dividend Yield
0.06%Recent Filings
8-K
Board unanimously reelected
Hennessy Advisors elected all eight nominees—Neil J. Hennessy, Teresa M. Nilsen, Henry Hansel, Brian A. Hennessy, Lydia Knight-O'Riordan, Kiera Newton, Susan W. Pomilia, and Thomas L. Seavey—to its board at the February 5, 2026 annual meeting, with over 4.2M for votes each amid 1.68M broker non-votes. Shareholders approved executive compensation (4.12M for) and auditor ratification (5.92M for), but favored annual say-on-pay votes (1.39M). Board continuity intact.
8-K
Q1 earnings dip, dividend up
Hennessy Advisors reported Q1 fiscal 2026 results on February 5, 2026, with revenue down 14% to $8.3 million and net income off 32% to $1.9 million versus prior year, as assets under management fell 14% to $4.1 billion. Cash net of debt climbed 28% to $31.7 million. Board hiked the quarterly dividend 9% to $0.15 per share, payable March 4. Strong liquidity fuels returns.
10-Q
Q1 FY2026 results
Hennessy Advisors posted Q1 FY2026 revenue of $8.3M, down 14.3% y/y from $9.7M amid net outflows and softer AUM at $4.1B, yet operating expenses fell 2.8% to $5.7M for a resilient 31.3% operating margin. Net income landed at $1.9M or $0.24 diluted EPS, matching 7.97M shares with no anti-dilution flagged. Cash stayed ample at $72.0M while $39.9M 4.875% notes due 2026 shifted current; OCF generated $661K but FCF not disclosed in the 10-Q. Terminated ETF deal expensed $0.3M prior costs. Cash covers needs. Annual advisory renewals pose renewal risk.
10-K
FY2025 results
Hennessy Advisors posted FY2025 revenue of $35.5M, up 19.9% y/y from $29.6M, driven by average AUM swelling to $4.5B (+21.6% y/y) despite ending AUM dipping to $4.2B (-8.6% y/y) on hefty net outflows of $635M—redemptions hit 3.6% monthly vs 2.3% prior year. Net income climbed 40.3% to $9.96M, margins expanded as comp rose but G&A dipped; cash swelled to $72M after $14M operating inflow. Cornerstone Mid Cap 30 led at 34% of average AUM, yet Focus and Growth funds hemorrhaged $254M net. Debt steady at $40M 4.875% notes due 2026. Redemptions can spike on poor performance.
8-K
38% EPS growth reported
Hennessy Advisors reported fiscal 2025 results on December 3, with revenue up 20% to $35.5 million, net income surging 40% to $10.0 million, and diluted EPS rising 38% to $1.27. Average AUM climbed 22% to $4.5 billion, though year-end AUM dipped 9% to $4.2 billion. Cash net of debt grew 36% to $32.2 million. Strong operating model shines.
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