NASDAQ : HNNA
Hennessy Advisors, Inc. — Financial statements
Financials · Asset Management · United States
Last price 10.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 80.55M
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Financial statements
Hennessy Advisors, Inc. (HNNA) reported revenue of 33.34M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 33.34M | 35.54M | 29.65M | 24.02M | 29.67M | 32.76M |
| Cost of Revenue | 15.34M | 15.80M | 14.05M | 11.98M | 14.59M | 16.89M |
| Gross Profit | 18.00M | 19.74M | 15.60M | 12.04M | 15.08M | 15.87M |
| Selling, General & Admin | 6.55M | 6.30M | 6.48M | 5.48M | 5.04M | 4.75M |
| Operating Expenses | 6.86M | 6.59M | 6.73M | 5.71M | 5.24M | 4.99M |
| Operating Income | 11.14M | 13.14M | 8.87M | 6.33M | 9.84M | 10.88M |
| Interest Expense | -2.49M | -2.29M | -2.27M | -2.26M | -2.12M | |
| Interest & Investment Income | 2.58M | 2.77M | 3.11M | 2.52M | 229.00K | |
| Other Non Operating Income (Expenses) | 2.00K | |||||
| Pretax Income | 11.24M | 13.62M | 9.70M | 6.60M | 7.95M | 10.88M |
| Income Tax Expense | 2.98M | 3.66M | 2.61M | 1.83M | 1.76M | 2.98M |
| Net Income | 8.26M | 9.96M | 7.10M | 4.77M | 6.19M | 7.90M |
| Net Income to Common | 8.26M | 9.96M | 7.10M | 4.77M | 6.19M | 7.90M |
| Shares Outstanding (Basic) | 7.87M | 7.79M | 7.68M | 7.58M | 7.48M | 7.37M |
| Shares Outstanding (Diluted) | 7.88M | 7.83M | 7.72M | 7.60M | 7.56M | 7.41M |
| EPS (Basic) | 1.05 | 1.28 | 0.92 | 0.63 | 0.83 | 1.07 |
| EPS (Diluted) | 1.05 | 1.27 | 0.92 | 0.63 | 0.82 | 1.07 |
| Free Cash Flow | 10.18M | 13.35M | 8.96M | 6.92M | 8.45M | 10.14M |
| Free Cash Flow Per Share | 1.29 | 1.71 | 1.16 | 0.91 | 1.12 | 1.37 |
| Dividend Per Share | 0.58 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 |
| Gross Margin | 54.00% | 55.54% | 52.60% | 50.14% | 50.84% | 48.43% |
| Operating Margin | 33.42% | 36.99% | 29.91% | 26.37% | 33.16% | 33.21% |
| Profit Margin | 24.78% | 28.03% | 23.94% | 19.86% | 20.87% | 24.12% |
| Free Cash Flow Margin | 30.53% | 37.57% | 30.24% | 28.80% | 28.48% | 30.94% |
| EBITDA | 11.46M | 13.44M | 9.11M | 6.56M | 10.05M | 11.11M |
| EBITDA Margin | 34.36% | 37.80% | 30.73% | 27.33% | 33.86% | 33.92% |
| D&A For EBITDA | 315.00K | 290.00K | 244.00K | 230.00K | 207.00K | 232.00K |
| EBIT | 11.14M | 13.14M | 8.87M | 6.33M | 9.84M | 10.88M |
| EBIT Margin | 33.42% | 36.99% | 29.91% | 26.37% | 33.16% | 33.21% |
| Effective Tax Rate | 26.48% | 26.87% | 26.86% | 27.71% | 22.10% | 27.38% |
| Revenue as Reported | 33.34M | 35.54M | 29.65M | 24.02M | 29.67M | 32.76M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 35.35M | 72.43M | 63.92M | 60.48M | 58.49M | 15.84M |
| Short-Term Investments | 13.00K | 12.00K | 11.00K | 10.00K | 9.00K | 10.00K |
| Cash & Short-Term Investments | 35.36M | 72.44M | 63.93M | 60.49M | 58.50M | 15.85M |
| Accounts Receivable | 3.02M | 2.99M | 3.21M | 2.30M | 2.15M | 2.79M |
| Other Receivables | 414.00K | 283.00K | 312.00K | 247.00K | 257.00K | 277.00K |
| Receivables | 3.44M | 3.27M | 3.53M | 2.55M | 2.41M | 3.07M |
| Prepaid Expenses | 662.00K | 797.00K | 817.00K | 669.00K | 753.00K | 788.00K |
| Total Current Assets | 39.47M | 76.52M | 68.28M | 63.70M | 61.66M | 19.71M |
| Property, Plant & Equipment | 860.00K | 1.20M | 1.39M | 600.00K | 971.00K | 1.32M |
| Other Intangible Assets | 82.25M | 82.56M | 82.25M | 81.26M | 80.87M | 80.64M |
| Other Long-Term Assets | 180.00K | 182.00K | 183.00K | 156.00K | 156.00K | 235.00K |
| Total Assets | 122.76M | 160.46M | 152.10M | 145.72M | 143.65M | 101.91M |
| Accrued Expenses | 3.81M | 4.86M | 4.44M | 3.17M | 3.32M | 4.15M |
| Current Portion of Leases | 391.00K | 365.00K | 332.00K | 279.00K | 367.00K | 359.00K |
| Current Income Taxes Payable | 661.00K | 181.00K | 748.00K | 820.00K | 1.05M | |
| Other Current Liabilities | 123.00K | 210.00K | ||||
| Total Current Liabilities | 4.21M | 6.01M | 4.95M | 4.19M | 4.72M | 5.56M |
| Long-Term Debt | 39.81M | 39.48M | 39.16M | 38.87M | ||
| Long-Term Leases | 34.00K | 330.00K | 695.00K | 279.00K | 646.00K | |
| Long-Term Deferred Tax Liabilities | 17.37M | 16.57M | 15.66M | 14.61M | 13.49M | 12.44M |
| Total Liabilities | 21.61M | 62.72M | 60.79M | 57.97M | 57.35M | 18.64M |
| Common Stock | 24.51M | 23.48M | 22.59M | 21.80M | 20.95M | 19.96M |
| Retained Earnings | 76.64M | 74.26M | 68.72M | 65.95M | 65.35M | 63.30M |
| Shareholders' Equity | 101.15M | 97.74M | 91.31M | 87.75M | 86.30M | 83.26M |
| Total Liabilities & Equity | 122.76M | 160.46M | 152.10M | 145.72M | 143.65M | 101.91M |
| Total Debt | 425.00K | 40.50M | 40.50M | 39.44M | 39.52M | 1.00M |
| Net Cash (Debt) | 34.94M | 31.94M | 23.43M | 21.04M | 18.98M | 14.84M |
| Net Cash Per Share | 4.44 | 4.08 | 3.03 | 2.77 | 2.51 | 2.00 |
| Filing Date Shares Outstanding | 7.90M | 7.89M | 7.78M | 7.67M | 7.57M | 7.36M |
| Total Common Shares Outstanding | 7.90M | 7.89M | 7.78M | 7.67M | 7.57M | 7.47M |
| Working Capital | 35.26M | 70.50M | 63.32M | 59.51M | 56.94M | 14.15M |
| Book Value Per Share | 12.80 | 12.39 | 11.74 | 11.44 | 11.40 | 11.15 |
| Tangible Book Value | 18.90M | 15.17M | 9.06M | 6.49M | 5.43M | 2.62M |
| Tangible Book Value Per Share | 2.39 | 1.92 | 1.16 | 0.85 | 0.72 | 0.35 |
| Machinery | 786.00K | 668.00K | 1.19M | 1.10M | 990.00K | |
| Leasehold Improvements | 154.00K | 154.00K | 154.00K | 154.00K | 154.00K |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 8.26M | 9.96M | 7.10M | 4.77M | 6.19M | 7.90M |
| Depreciation & Amortization | 315.00K | 290.00K | 244.00K | 230.00K | 207.00K | 232.00K |
| Loss (Gain) From Sale of Investments | -2.00K | -1.00K | -1.00K | -1.00K | 1.00K | -1.00K |
| Stock-Based Compensation | 1.23M | 1.12M | 990.00K | 1.01M | 1.24M | 1.44M |
| Other Operating Activities | 1.66M | 1.25M | 1.39M | 1.41M | 1.31M | 851.00K |
| Change in Accounts Receivable | -76.00K | 222.00K | -915.00K | -148.00K | 644.00K | -392.00K |
| Change in Accounts Payable | -466.00K | 423.00K | 1.28M | -155.00K | -831.00K | 338.00K |
| Change in Income Taxes | -250.00K | 480.00K | -567.00K | -72.00K | -230.00K | 101.00K |
| Change in Other Net Operating Assets | -166.00K | 50.00K | -240.00K | 94.00K | 134.00K | -83.00K |
| Operating Cash Flow | 10.51M | 13.79M | 9.28M | 7.13M | 8.66M | 10.39M |
| Capital Expenditures | -331.00K | -440.00K | -313.00K | -215.00K | -216.00K | -249.00K |
| Sale (Purchase) of Intangibles | -1.00K | -187.00K | -990.00K | -604.00K | -15.00K | |
| Investing Cash Flow | -332.00K | -627.00K | -1.30M | -819.00K | -231.00K | -249.00K |
| Long-Term Debt Issued | 39.04M | |||||
| Net Debt Issued (Repaid) | -40.25M | 39.04M | ||||
| Issuance of Common Stock | 12.00K | 7.00K | 27.00K | 9.00K | 5.00K | 38.00K |
| Repurchase of Common Stock | -459.00K | -459.00K | -403.00K | -233.00K | -356.00K | -322.00K |
| Common Dividends Paid | -4.45M | -4.20M | -4.15M | -4.10M | -4.04M | -3.97M |
| Other Financing Activities | -435.00K | |||||
| Financing Cash Flow | -45.15M | -4.66M | -4.53M | -4.33M | 34.22M | -4.26M |
| Net Cash Flow | -34.97M | 8.51M | 3.45M | 1.99M | 42.65M | 5.88M |
| Free Cash Flow | 10.18M | 13.35M | 8.96M | 6.92M | 8.45M | 10.14M |
| Free Cash Flow Margin | 30.53% | 37.57% | 30.24% | 28.80% | 28.48% | 30.94% |
| Free Cash Flow Per Share | 1.29 | 1.71 | 1.16 | 0.91 | 1.12 | 1.37 |
| Levered Free Cash Flow | 5.79M | 8.86M | 3.63M | 2.48M | 5.88M | 8.22M |
| Unlevered Free Cash Flow | 7.34M | 10.30M | 5.05M | 3.89M | 7.21M | 8.22M |
| Cash Interest Paid | 1.96M | 1.96M | 1.96M | 1.96M | 1.86M | |
| Cash Income Tax Paid | 2.48M | 2.27M | 2.12M | 779.00K | 938.00K | 1.96M |
| Change in Working Capital | -958.00K | 1.18M | -446.00K | -281.00K | -283.00K | -36.00K |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 81.02M | 81.38M | 76.43M | 50.47M | 64.87M | 70.87M |
| Enterprise Value | 46.08M | 51.55M | 54.87M | 30.53M | 46.92M | 57.92M |
| Last Close Price | 10.25 | 9.86 | 8.93 | 5.54 | 6.72 | 7.08 |
| PE Ratio | 9.79 | 8.17 | 10.77 | 10.58 | 10.48 | 8.97 |
| Forward PE | 8.43 | 8.43 | 8.43 | 8.43 | 8.43 | |
| PS Ratio | 2.43 | 2.29 | 2.58 | 2.10 | 2.19 | 2.16 |
| PB Ratio | 0.80 | 0.83 | 0.84 | 0.57 | 0.75 | 0.85 |
| P/TBV Ratio | 4.29 | 5.36 | 8.44 | 7.78 | 11.95 | 27.06 |
| P/FCF Ratio | 7.96 | 6.09 | 8.53 | 7.29 | 7.68 | 6.99 |
| P/OCF Ratio | 7.71 | 5.90 | 8.24 | 7.08 | 7.49 | 6.82 |
| EV/Sales Ratio | 1.38 | 1.45 | 1.85 | 1.27 | 1.58 | 1.77 |
| EV/EBITDA Ratio | 4.02 | 3.84 | 6.02 | 4.65 | 4.67 | 5.21 |
| EV/EBIT Ratio | 4.14 | 3.92 | 6.19 | 4.82 | 4.77 | 5.32 |
| EV/FCF Ratio | 4.53 | 3.86 | 6.12 | 4.41 | 5.55 | 5.71 |
| Debt / Equity Ratio | 0.00 | 0.41 | 0.44 | 0.45 | 0.46 | 0.01 |
| Debt / EBITDA Ratio | 0.04 | 2.90 | 4.19 | 5.58 | 3.75 | 0.09 |
| Debt / FCF Ratio | 0.04 | 3.03 | 4.52 | 5.70 | 4.68 | 0.10 |
| Net Debt / Equity Ratio | -0.34 | -0.33 | -0.26 | -0.24 | -0.22 | -0.18 |
| Net Debt / EBITDA Ratio | -3.05 | -2.38 | -2.57 | -3.21 | -1.89 | -1.34 |
| Net Debt / FCF Ratio | -3.43 | -2.39 | -2.61 | -3.04 | -2.25 | -1.46 |
| Asset Turnover | 0.24 | 0.23 | 0.20 | 0.17 | 0.24 | 0.33 |
| Quick Ratio | 9.23 | 12.59 | 13.62 | 15.04 | 12.91 | 3.40 |
| Current Ratio | 9.38 | 12.72 | 13.78 | 15.20 | 13.07 | 3.54 |
| Return on Equity (ROE) | 8.36% | 10.54% | 7.93% | 5.48% | 7.30% | 9.79% |
| Return on Assets (ROA) | 4.96% | 5.26% | 3.72% | 2.74% | 5.01% | 6.91% |
| Return on Invested Capital (ROIC) | 12.26% | 14.38% | 9.64% | 6.83% | 11.29% | 11.54% |
| Return on Capital Employed (ROCE) | 9.40% | 8.50% | 6.00% | 4.50% | 7.10% | 11.30% |
| Earnings Yield | 10.21% | 12.24% | 9.29% | 9.45% | 9.54% | 11.15% |
| FCF Yield | 12.56% | 16.41% | 11.73% | 13.71% | 13.02% | 14.30% |
| Dividend Yield | 5.85% | 5.33% | 5.60% | 8.36% | 6.42% | 5.80% |
| Payout Ratio | 57.34% | 42.21% | 58.50% | 85.98% | 65.25% | 50.27% |
| Buyback Yield / Dilution | 0.34% | -1.39% | -1.55% | -0.60% | -2.01% | -0.41% |
| Total Shareholder Return | 6.19% | 3.94% | 4.04% | 7.75% | 4.41% | 5.38% |