Filing Flows › Hennessy Advisors (HNNA) › Q2 FY25
Hennessy Advisors (HNNA) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
Hennessy Advisors (HNNA) reported revenue of $9.3M for the second quarter fiscal 2025 (Q2 FY25), +34% from a year earlier and -4% from the quarter before. Operating margin was 37.2%, net earnings $2.6M (27.8% of revenue).
Hennessy Advisors, Q2 FY25: revenue $9.3M (+34% year over year), operating margin 37.2%, net earnings $2.6M, operating cash flow $3.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3M | -4% | +34% |
| Operating profit | $3.5M | -10% | +80% |
| Net earnings | $2.6M | -9% | +68% |
| Operating cash flow | $3.7M | +68% | +100% |
| Free cash flow | $3.7M | +73% | +103% |
What changed
Revenue was $9.3M in Q2 FY25, up 34% year over year and down 4% from the previous quarter. Investment Advice was the largest line at 93% of revenue. Investment Advice added $2.2M year over year (up 35%), 96% of the total change.
Operating profit was $3.5M, a 37.2% margin (up 9.6 points year over year). Of the extra revenue versus a year earlier, 66% reached operating profit, above the 28% margin then. Total costs grew 16% against revenue growth of 34%. The fastest-growing cost line was General & admin (+23%). Net earnings were $2.6M, up 68% year over year. The effective tax rate was 27.4%.
Operating cash flow was $3.7M (up 100% year over year), 145% of net earnings. Non-cash charges added back $69K of depreciation and $274K of share-based compensation. Working capital and other items added $819K. Capital expenditures of $81K left free cash flow of $3.7M.
Questions
What was Hennessy Advisors' revenue in the second quarter fiscal 2025?
Hennessy Advisors (HNNA) reported revenue of $9.3M for the second quarter fiscal 2025 (Q2 FY25), +34% from a year earlier and -4% from the quarter before.
Was Hennessy Advisors profitable in the second quarter fiscal 2025?
Operating profit was $3.5M (37.2% of revenue) and net earnings $2.6M.
Source: Hennessy Advisors 10-Q on SEC EDGAR.