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HNNAHennessy Advisors, Inc.
$10.23$81M
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HNNA logoHennessy Advisors, Inc.(HNNA)Earnings, Financials & Key Ratios

HNNA•NASDAQ•Banking & Credit
8.1× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryTraditional active asset managers
AboutHennessy Advisors, Inc. is publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies. It conducts in-house research to make its investments. Hennessy Advisors, Inc. was founded in 1989 and is based in Novato, California with additional offices in Boston, Massachusetts and Chapel Hill, North Carolina.Show more
  • Net Interest Income$3M+230.7%
  • Total Revenue$36M+19.9%
  • Net Income$10M+40.3%
  • Return on Equity10.54%+32.9%
  • Net Interest Margin1.73%+213.5%
  • Efficiency Ratio33.11%-16.2%
  • ROA6.37%+33.7%
  • Equity / Assets60.91%+1.5%
  • Book Value per Share12.48+5.6%

HNNA Key Insights

Hennessy Advisors, Inc. (HNNA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Efficient operations: 33.1% efficiency ratio
  • ✓Well capitalized: 60.9% equity/assets
  • ✓Healthy dividend yield of 5.2%
  • ✓Diversified revenue: 92.2% from non-interest income
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Weak NIM of 1.7%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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HNNA Price & Volume

Hennessy Advisors, Inc. (HNNA) stock price & volume — 10-year historical chart

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HNNA Growth Metrics

Hennessy Advisors, Inc. (HNNA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-2.28%
5 Years1.26%
3 Years6.2%
TTM-

Profit CAGR

10 Years-1.33%
5 Years4.9%
3 Years17.18%
TTM-14.23%

EPS CAGR

10 Years0%
5 Years3.68%
3 Years15.7%
TTM221.21%

Return on Capital

10 Years16.01%
5 Years7.89%
3 Years6.46%
Last Year8.72%

HNNA Recent Earnings

Hennessy Advisors, Inc. (HNNA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.25-24.2%
$0.33
Rev
$8M-15.4%
$10M
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$0.24-27.3%
$0.33
Rev
$8M-13.5%
$10M
Q4 2025
Dec 3, 2025
Metric
Actual
Est
EPS
$0.31
—
Rev
$9M
—
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.26
—
Rev
$8M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.25vs $0.33-24.2%
$8Mvs $10M-15.4%
Q1 2026Feb 5, 2026
$0.24vs $0.33-27.3%
$8Mvs $10M-13.5%
Q4 2025Dec 3, 2025
$0.31
$9M
Q3 2025Aug 6, 2025
$0.26
$8M
Based on last 12 quarters of dataView full earnings history →

HNNA Peer Comparison

Hennessy Advisors, Inc. (HNNA) competitors in Traditional active asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GROW logoGROWU.S. Global Investors, Inc.Direct Competitor39.31M3.10-124-23.05%29.15%6.96%0.00
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%30.89%27.03%36.26
SAMG logoSAMGSilvercrest Asset Management Group Inc.Direct Competitor83.04M10.8119.301.35%2.12%2.96%0.28
VRTS logoVRTSVirtus Investment Partners, Inc.Direct Competitor948.08M141.607.09-8%16.66%13.51%2.74
AMG logoAMGAffiliated Managers Group, Inc.Product Competitor9.42B352.9015.5219.83%30.92%16.01%0.61
GCMG logoGCMGGCM Grosvenor Inc.Product Competitor2.25B12.0528.698.04%9.04%86.52%3.77
RILY logoRILYBRC Group Holdings, Inc.Product Competitor334.18M9.000.92-11.45%35.63%
FDUS logoFDUSFidus Investment CorporationProduct Competitor696.46M18.357.9140.09%62%11.45%0.87

Compare HNNA vs Peers

Hennessy Advisors, Inc. (HNNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GROW

Most directly comparable listed peer for HNNA.

Scale Benchmark

vs BLK

Larger-name benchmark to compare HNNA against a more recognizable public peer.

Peer Set

Compare Top 5

vs GROW, DHIL, SAMG, VRTS

HNNA Income Statement

Hennessy Advisors, Inc. (HNNA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Net Interest Income
-1.26M-1.23M-1.08M-447K0-1.89M266K837K2.77M1.5M
NII Growth %
-1.95%2.31%11.65%58.76%100%-114.05%214.66%230.7%492.94%
Net Interest Margin %
-1.28%-1.12%-0.98%-0.47%0%-1.32%0.18%0.55%1.73%0.93%
Interest Income
00000229K2.52M3.11M2.77M2.65M
Interest Expense
1.26M1.23M1.08M447K02.12M2.26M2.27M01.15M
Loan Loss Provision
21.11M22.79M19.59M8.37M9.08M6.2M9.72M6.79M10.63M6.52M
Non-Interest Income
52.95M54.59M42.72M33.39M32.76M29.44M21.5M26.53M32.77M30.36M
Non-Interest Income %
100%100%100%100%100%99.23%89.5%89.5%92.21%91.98%
Total Revenue
52.95M▲ 0%
54.59M▲ 3.1%
42.72M▼ 21.8%
33.39M▼ 21.8%
32.76M▼ 1.9%
29.67M▼ 9.4%
24.02M▼ 19.0%
29.65M▲ 23.4%
35.54M▲ 19.9%
33.01M▲ 0%
Revenue Growth %
3.01%3.09%-21.75%-21.83%-1.88%-9.44%-19.03%23.42%19.87%-26.32%
Non-Interest Expense
6.1M6.09M6.02M13.25M12.8M11.51M5.71M11.71M11.77M14.26M
Efficiency Ratio
11.52%11.17%14.1%39.68%39.08%38.78%23.77%39.52%33.11%43.2%
Operating Income
24.49M▲ 0%
24.48M▼ 0.1%
16.02M▼ 34.5%
11.32M▼ 29.3%
10.88M▼ 3.9%
9.84M▼ 9.6%
6.33M▼ 35.6%
8.87M▲ 40.0%
13.14M▲ 48.2%
11.08M▲ 0%
Operating Margin %
46.25%44.83%37.51%33.9%33.21%33.16%26.37%29.91%36.99%33.56%
Operating Income Growth %
2.96%-0.07%-34.54%-29.35%-3.89%-9.56%-35.62%39.99%48.25%-
Pretax Income
23.25M▲ 0%
23.39M▲ 0.6%
15.28M▼ 34.7%
10.96M▼ 28.2%
10.88M▼ 0.7%
7.95M▼ 27.0%
6.6M▼ 16.9%
9.7M▲ 47.0%
13.62M▲ 40.4%
11.42M▲ 0%
Pretax Margin %
43.9%42.85%35.76%32.83%33.21%26.78%27.48%32.73%38.33%34.6%
Income Tax
8.31M2.78M4.24M3.12M2.98M1.76M1.83M2.61M3.66M3.04M
Effective Tax Rate %
35.73%11.88%27.78%28.46%27.38%22.1%27.71%26.87%26.87%26.61%
Net Income
14.94M▲ 0%
20.61M▲ 38.0%
11.03M▼ 46.5%
7.84M▼ 28.9%
7.9M▲ 0.8%
6.19M▼ 21.7%
4.77M▼ 22.9%
7.1M▲ 48.8%
9.96M▲ 40.3%
8.38M▲ 0%
Net Margin %
28.22%37.76%25.82%23.48%24.12%20.86%19.86%23.94%28.03%25.4%
Net Income Growth %
4%37.97%-46.49%-28.92%0.78%-21.67%-22.92%48.75%40.34%-14.23%
Net Income (Continuing)
14.94M20.61M11.03M7.84M7.9M6.19M4.77M7.1M9.96M8.38M
EPS (Diluted)
1.92▲ 0%
2.61▲ 35.9%
1.42▼ 45.6%
1.06▼ 25.4%
1.07▲ 0.9%
0.82▼ 23.4%
0.63▼ 23.2%
0.92▲ 46.0%
1.27▲ 38.0%
1.05▲ 0%
EPS Growth %
3.23%35.94%-45.59%-25.35%0.94%-23.36%-23.17%46.03%38.04%221.21%
EPS (Basic)
1.942.641.421.071.070.830.630.921.28-
Diluted Shares Outstanding
7.79M7.89M7.77M7.38M7.41M7.56M7.6M7.72M7.83M8M

HNNA Balance Sheet

Hennessy Advisors, Inc. (HNNA) balance sheet — assets, liabilities & shareholders' equity

MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash & Short Term Investments
15.71M25.4M24.7M9.96M15.85M58.5M60.49M63.93M72.44M287.82M
Cash & Due from Banks
15.7M25.39M24.69M9.96M15.84M58.49M60.48M63.92M72.43M73.06M
Short Term Investments
8K9K9K9K10K9K10K11K12K13K
Total Investments
8K9K-80.63M9K-80.63M9K10K11K12K13K
Investments Growth %
0%12.5%-896033.33%100.01%-896022.22%100.01%11.11%10%9.09%36.36%
Long-Term Investments
-74.63M0-80.64M0-80.64M00000
Accounts Receivables
4.33M4.26M3.29M2.4M2.79M2.05M2.05M2.96M2.77M2.71M
Goodwill & Intangibles
74.63M080.64M080.64M0082.25M082.25M
Goodwill
0000000000
Intangible Assets
74.63M080.64M080.64M0082.25M082.25M
PP&E (Net)
254K382K361K570K1.32M971K600K1.39M1.2M998K
Other Assets
74.1M78.35M70.57M80.83M68.44M81.02M81.42M183K82.74M181K
Total Current Assets
22.9M30.74M29.01M13.38M19.71M61.66M63.7M68.28M76.52M77.11M
Total Non-Current Assets
75.03M78.74M81.2M81.4M82.2M82M82.02M83.82M83.94M83.43M
Total Assets
97.93M▲ 0%
109.48M▲ 11.8%
110.21M▲ 0.7%
94.79M▼ 14.0%
101.91M▲ 7.5%
143.65M▲ 41.0%
145.72M▲ 1.4%
152.1M▲ 4.4%
160.46M▲ 5.5%
160.54M▲ 0%
Asset Growth %
15.29%11.8%0.66%-13.99%7.51%40.97%1.44%4.38%5.5%18.51%
Return on Assets (ROA)
16.34%19.88%10.04%7.65%8.03%5.04%3.3%4.77%6.37%5.25%
Accounts Payable
0000000000
Total Debt
25.96M21.73M17.38M330K1M39.52M39.44M40.5M40.5M40.5M
Net Debt
10.26M-3.67M-7.31M-9.63M-14.83M-18.97M-21.03M-23.42M-31.93M-32.56M
Long-Term Debt
21.73M17.5M13.05M0038.87M39.16M39.48M39.81M0
Short-Term Debt
4.23M4.23M4.33M00000039.98M
Other Liabilities
-669K00012.44M00000
Total Current Liabilities
12.46M12.04M11.36M5.09M5.56M4.72M4.19M4.95M6.01M43.35M
Total Non-Current Liabilities
33.94M26.46M23.32M11.52M13.08M52.64M53.77M55.83M56.71M17.17M
Total Liabilities
46.4M38.5M34.68M16.61M18.64M57.35M57.97M60.79M62.72M60.52M
Total Equity
61.78M▲ 0%
70.98M▲ 14.9%
75.53M▲ 6.4%
78.18M▲ 3.5%
83.26M▲ 6.5%
86.3M▲ 3.6%
87.75M▲ 1.7%
91.31M▲ 4.1%
97.74M▲ 7.0%
100.02M▲ 0%
Equity Growth %
65.49%14.9%6.41%3.51%6.5%3.65%1.68%4.06%7.04%25.08%
Equity / Assets (Capital Ratio)
63.09%64.83%68.53%82.48%81.71%60.07%60.22%60.03%60.91%62.3%
Return on Equity (ROE)
30.15%31.06%15.06%10.2%9.79%7.3%5.48%7.93%10.54%8.53%
Book Value per Share
7.939.009.7210.6011.2411.4211.5411.8312.4812.50
Tangible BV per Share
-1.659.00-0.6610.600.3511.4211.541.1712.482.22
Common Stock
14.94M16.78M17.67M18.7M19.96M20.95M21.8M22.59M23.48M24.19M
Additional Paid-in Capital
14.94M16.78M17.67M0000000
Retained Earnings
36.59M54.2M57.85M59.47M63.3M65.35M65.95M68.72M74.26M75.83M
Accumulated OCI
-922K0-1.38M0000000
Treasury Stock
0000000000
Preferred Stock
36.59M057.85M0000000

HNNA Cash Flow Statement

Hennessy Advisors, Inc. (HNNA) cash flow — operating, investing & free cash flow history

MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash from Operations
19.85M21.53M14.39M10.62M10.39M8.66M7.13M9.28M13.79M10.78M
Operating CF Growth %
9.13%8.49%-33.16%-26.19%-2.23%-16.57%-17.67%30.04%48.67%-85.19%
Net Income
14.94M20.61M11.03M7.84M7.9M6.19M4.77M7.1M9.96M8.38M
Depreciation & Amortization
219K231K225K239K232K207K230K244K290K312K
Deferred Taxes
1.72M-2.58M1.3M1.25M921K1.05M1.12M1.05M911K688K
Other Non-Cash Items
147K95K106K63K-71K264K282K341K328K1.48M
Working Capital Changes
703K753K-458K-549K-36K-283K-281K-446K1.18M-667K
Cash from Investing
-445K-3.9M-1.97M-882K-249K-231K-819K-1.3M-627K-512K
Purchase of Investments
0000000000
Sale/Maturity of Investments
0000000000
Net Investment Activity
0000000000
Acquisitions
0000000000
Other Investing
-269K-3.54M-1.77M-710K0-15K-604K-990K-187K0
Cash from Financing
-7.24M-7.94M-13.13M-24.47M-4.26M34.22M-4.33M-4.53M-4.66M-4.78M
Dividends Paid
-2.21M-2.88M-3.54M-3.97M-3.97M-4.04M-4.1M-8K-4.2M-4.33M
Share Repurchases
-654K-660K-5.15M-3.03M-322K-356K-233K-403K-459K-459K
Stock Issued
3K16K20K22K38K5K9K27K7K12K
Net Stock Activity
-651K-644K-5.13M-3.01M-284K-351K-224K-376K-452K-447K
Debt Issuance (Net)
-1000K-1000K-1000K-1000K01000K0000
Other Financing
0-23K-84K00-430K0-4.14M00
Net Change in Cash
12.16M▲ 0%
9.7M▼ 20.3%
-708K▼ 107.3%
-14.73M▼ 1980.8%
5.88M▲ 139.9%
42.65M▲ 625.2%
1.99M▼ 95.3%
3.45M▲ 73.3%
8.51M▲ 146.9%
5.49M▲ 0%
Exchange Rate Effect
0000000000
Cash at Beginning
3.54M15.7M25.39M24.69M9.96M15.84M58.49M60.48M63.92M71.97M
Cash at End
15.7M25.39M24.69M9.96M15.84M58.49M60.48M63.92M72.43M73.06M
Interest Paid
1.11M1.1M999K381K01.86M1.96M1.96M1.96M-491K
Income Taxes Paid
6.68M4.44M3.08M1.6M1.96M938K779K2.12M2.27M43K
Free Cash Flow
19.67M▲ 0%
21.17M▲ 7.6%
14.19M▼ 33.0%
10.45M▼ 26.3%
10.14M▼ 3.0%
8.45M▼ 16.7%
6.92M▼ 18.1%
8.96M▲ 29.6%
13.35M▲ 49.0%
10.41M▲ 0%
FCF Growth %
9.27%7.63%-32.98%-26.34%-3%-16.65%-18.11%29.56%48.95%-17.16%

HNNA Banking Ratios

Hennessy Advisors, Inc. (HNNA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
30.15%31.06%15.06%10.2%9.79%7.3%5.48%7.93%10.54%8.53%
Return on Assets (ROA)
16.34%19.88%10.04%7.65%8.03%5.04%3.3%4.77%6.37%5.25%
Net Interest Margin
-1.28%-1.12%-0.98%-0.47%0%-1.32%0.18%0.55%1.73%0.93%
Efficiency Ratio
11.52%11.17%14.1%39.68%39.08%38.78%23.77%39.52%33.11%43.2%
Equity / Assets
63.09%64.83%68.53%82.48%81.71%60.07%60.22%60.03%60.91%62.3%
Book Value / Share
7.9399.7210.611.2411.4211.5411.8312.4812.5
NII Growth
-1.95%2.31%11.65%58.76%100%-114.05%214.66%230.7%127.55%
Dividend Payout
14.79%13.98%32.08%50.59%50.27%65.25%85.98%0.11%42.21%51.66%
Related:HNNA Dividend History·HNNA Revenue History·HNNA Price History·HNNA P/E History·HNNA Financial Ratios·HNNA Institutional Holders

HNNA SEC Filings & Documents

Hennessy Advisors, Inc. (HNNA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Feb 9, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

4
FY 2025

Dec 3, 2025·SEC

FY 2024

Dec 11, 2024·SEC

FY 2023

Dec 7, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2026

Feb 5, 2026·SEC

FY 2025

Aug 6, 2025·SEC

HNNA Frequently Asked Questions

Hennessy Advisors, Inc. (HNNA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Hennessy Advisors, Inc. (HNNA) grew revenue by 19.9% over the past year. This is strong growth.

Yes, Hennessy Advisors, Inc. (HNNA) is profitable, generating $8.4M in net income for fiscal year 2025 (28.0% net margin).

Dividend & Returns

Yes, Hennessy Advisors, Inc. (HNNA) pays a dividend with a yield of 5.25%. This makes it attractive for income-focused investors.

Hennessy Advisors, Inc. (HNNA) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.

Industry Metrics

Hennessy Advisors, Inc. (HNNA) has a net interest margin (NIM) of 1.7%. NIM has been under pressure due to interest rate environment.

Hennessy Advisors, Inc. (HNNA) has an efficiency ratio of 33.1%. This is excellent, indicating strong cost control.

What if you invested $1,000 in HNNA back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

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How much would $100/month in HNNA be worth today?

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