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Hennessy Advisors (HNNA) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 5, 2026
Hennessy Advisors (HNNA) reported revenue of $8.3M for the first quarter fiscal 2026 (Q1 FY26), -14% from a year earlier and -2% from the quarter before. Operating margin was 31.3%, net earnings $1.9M (23.2% of revenue).
Hennessy Advisors, Q1 FY26: revenue $8.3M (-14% year over year), operating margin 31.3%, net earnings $1.9M, operating cash flow $661K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.3M | -2% | -14% |
| Operating profit | $2.6M | -14% | -32% |
| Net earnings | $1.9M | -20% | -32% |
| Operating cash flow | $661K | -83% | -70% |
| Free cash flow | $601K | -83% | -72% |
What changed
Revenue was $8.3M in Q1 FY26, down 14% year over year and down 2% from the previous quarter. Investment Advice was the largest line at 93% of revenue. Investment Advice lost $1.3M year over year (down 14%), 94% of the total change.
Operating profit was $2.6M, a 31.3% margin (down 8.2 points year over year). Total costs fell 3% while revenue fell 14%. The fastest-growing cost line was General & admin (+16%). Net earnings were $1.9M, down 32% year over year. The effective tax rate was 28.0%.
Operating cash flow was $661K (down 70% year over year), 34% of net earnings. Non-cash charges added back $66K of depreciation and $309K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $60K left free cash flow of $601K.
Questions
What was Hennessy Advisors' revenue in the first quarter fiscal 2026?
Hennessy Advisors (HNNA) reported revenue of $8.3M for the first quarter fiscal 2026 (Q1 FY26), -14% from a year earlier and -2% from the quarter before.
Was Hennessy Advisors profitable in the first quarter fiscal 2026?
Operating profit was $2.6M (31.3% of revenue) and net earnings $1.9M.
Source: Hennessy Advisors 10-Q on SEC EDGAR.