Hennessy Advisors, Inc. (HNNA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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HNNA Revenue Growth
Revenue Breakdown (FY 2025)
HNNA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
HNNA Revenue Analysis (2014–2025)
As of May 8, 2026, Hennessy Advisors, Inc. (HNNA) generated trailing twelve-month (TTM) revenue of $33.0 million, reflecting significant decline in growth of -12.3% year-over-year. The most recent quarter (Q2 2026) recorded $8.1 million in revenue, down 2.2% sequentially.
Looking at the longer-term picture, HNNA's 5-year compound annual growth rate (CAGR) stands at +1.3%, indicating moderate growth over time. The company achieved its highest annual revenue of $54.6 million in 2018.
Revenue diversification analysis shows HNNA's business is primarily driven by Investment Advice (93%), and Shareholder Service (7%). With over half of revenue concentrated in Investment Advice, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including GROW, DHIL, and SAMG. Compare HNNA vs GROW →
HNNA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HNNACurrent | $33M | -12.3% | +1.3% | 37.0% | |
 GROW | $8M | - | - | -35.3% | |
 DHIL | $158M | - | - | 38.4% | |
 SAMG | $125M | - | - | 7.4% | |
 VRTS | $831M | - | - | 17.4% | |
 AMG | $2.4B | - | - | 31.8% |
HNNA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $35.5M | - | $24.9M | 70.1% | $13.1M | 37.0% |
| 2024 | $29.6M | - | $20.6M | 69.4% | $8.9M | 29.9% |
| 2023 | $24.0M | - | $12.0M | 50.1% | $6.3M | 26.4% |
| 2022 | $29.7M | - | $21.3M | 71.9% | $9.8M | 33.2% |
| 2021 | $32.8M | - | $23.7M | 72.3% | $10.9M | 33.2% |
| 2020 | $33.4M | - | $24.6M | 73.6% | $11.3M | 33.9% |
| 2019 | $42.7M | - | $22.0M | 51.6% | $16.0M | 37.5% |
| 2018 | $54.6M | - | $30.6M | 56.0% | $24.5M | 44.8% |
| 2017 | $53.0M | - | $30.6M | 57.8% | $24.5M | 46.3% |
| 2016 | $51.4M | - | $29.9M | 58.3% | $23.8M | 46.3% |
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Start ComparisonHNNA — Frequently Asked Questions
Quick answers to the most common questions about buying HNNA stock.
Is HNNA's revenue growth accelerating or slowing?
HNNA revenue declined -12.3% year-over-year, contrasting with the 5-year CAGR of +1.3%. TTM revenue fell to $33M. This reverses the prior growth trend.
What is HNNA's long-term revenue growth rate?
Hennessy Advisors, Inc.'s 5-year revenue CAGR of +1.3% reflects the variable expansion pattern. Current YoY growth of -12.3% is below this long-term average.
How is HNNA's revenue distributed by segment?
HNNA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.