Filing Flows › Hennessy Advisors (HNNA) › Q3 FY26 › vs Q2 FY26
Hennessy Advisors (HNNA) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Hennessy Advisors's revenue rose $257K (+3%) from $8.1M in Q2 FY26 to $8.4M in Q3 FY26. The biggest changes: Investment Advice +$246K (+3%); Shareholder Service +$11K (+2%). Operating margin 34.7% against 32.1% (+2.6 pts).
Hennessy Advisors, Q3 FY26: revenue $8.4M (+4% year over year), operating margin 34.7%, net earnings $2.0M, operating cash flow $3.7M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 34.7% | 32.1% | +2.6 pts |
| Net margin | 23.8% | 23.5% | +0.3 pts |
| Free cash flow margin | 44.2% | 27.6% | +16.7 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Investment Advice | $7.8M | $7.6M | $246K | +3% |
| Shareholder Service | $563K | $552K | $11K | +2% |
| Revenue | $8.4M | $8.1M | $257K | +3% |
| Operating profit | $2.9M | $2.6M | $303K | +12% |
| Costs & expenses | $5.5M | $5.5M | −$46K | -0.8% |
| Pre-tax earnings | $2.8M | $2.6M | $129K | +5% |
| Other expense, net | $138K | −$36K | $174K | — |
| General & admin | $1.6M | $1.6M | −$56K | -3% |
| Other operating costs | $3.9M | $3.9M | $10K | +0.3% |
| Net earnings | $2.0M | $1.9M | $89K | +5% |
| Income tax | $776K | $736K | $40K | +5% |
| Depreciation | $77K | $86K | −$9K | -10% |
| Share-based compensation | $299K | $351K | −$52K | -15% |
| Working capital & other | $1.4M | −$38K | $1.4M | — |
| Operating cash flow | $3.7M | $2.3M | $1.4M | +62% |
| Free cash flow (OCF − capex) | $3.7M | $2.2M | $1.5M | +65% |
| Capital expenditures | $30K | $66K | −$36K | -55% |
Questions
How much did Hennessy Advisors's revenue grow quarter over quarter in Q3 FY26?
Hennessy Advisors's revenue rose $257K (+3%) from $8.1M in Q2 FY26 to $8.4M in Q3 FY26.
What drove Hennessy Advisors's revenue change in Q3 FY26?
Investment Advice +$246K (+3%); Shareholder Service +$11K (+2%).