Filing Flows › Hennessy Advisors (HNNA) › Q3 FY25
Hennessy Advisors (HNNA) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 6, 2025
Hennessy Advisors (HNNA) reported revenue of $8.1M for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and -13% from the quarter before. Operating margin was 35.4%, net earnings $2.1M (26.3% of revenue).
Hennessy Advisors, Q3 FY25: revenue $8.1M (+4% year over year), operating margin 35.4%, net earnings $2.1M, operating cash flow $4.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.1M | -13% | +3% |
| Operating profit | $2.8M | -17% | +10% |
| Net earnings | $2.1M | -18% | +5% |
| Operating cash flow | $4.0M | +7% | +13% |
| Free cash flow | $3.9M | +8% | +14% |
What changed
Revenue was $8.1M in Q3 FY25, up 3% year over year and down 13% from the previous quarter. Investment Advice was the largest line at 93% of revenue. Investment Advice added $266K year over year (up 4%), 99% of the total change.
Operating profit was $2.8M, a 35.4% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 98% reached operating profit, above the 33% margin then. Total costs grew 0% against revenue growth of 3%. Net earnings were $2.1M, up 5% year over year. The effective tax rate was 28.4%.
Operating cash flow was $4.0M (up 13% year over year), 189% of net earnings. Non-cash charges added back $74K of depreciation and $275K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $67K left free cash flow of $3.9M.
Questions
What was Hennessy Advisors' revenue in the third quarter fiscal 2025?
Hennessy Advisors (HNNA) reported revenue of $8.1M for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and -13% from the quarter before.
Was Hennessy Advisors profitable in the third quarter fiscal 2025?
Operating profit was $2.8M (35.4% of revenue) and net earnings $2.1M.
Source: Hennessy Advisors 10-Q on SEC EDGAR.