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Hennessy Advisors (HNNA) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 5, 2026
Hennessy Advisors (HNNA) reported revenue of $8.4M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +3% from the quarter before. Operating margin was 34.7%, net earnings $2.0M (23.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.4M | +3% | +4% |
| Operating profit | $2.9M | +12% | +2% |
| Net earnings | $2.0M | +5% | -6% |
| Operating cash flow | $3.7M | +62% | -7% |
| Free cash flow | $3.7M | +65% | -6% |
What changed
Revenue was $8.4M in Q3 FY26, up 4% year over year and up 3% from the previous quarter. Investment Advice was the largest line at 93% of revenue. Investment Advice added $319K year over year (up 4%), 95% of the total change.
Operating profit was $2.9M, a 34.7% margin (down 0.7 points year over year). Of the extra revenue versus Q3 FY25, 19% reached operating profit, below the 35% margin then. Total costs grew 5% against revenue growth of 4%. The fastest-growing cost line was General & admin (+10%). Net earnings were $2.0M, down 6% year over year. The effective tax rate was 28.0%.
Operating cash flow was $3.7M (down 7% year over year), 187% of net earnings. Non-cash charges added back $77K of depreciation and $299K of share-based compensation. Working capital and other items added $1.4M. Capital expenditures of $30K left free cash flow of $3.7M.
Questions
What was Hennessy Advisors' revenue in the third quarter fiscal 2026?
Hennessy Advisors (HNNA) reported revenue of $8.4M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +3% from the quarter before.
Was Hennessy Advisors profitable in the third quarter fiscal 2026?
Operating profit was $2.9M (34.7% of revenue) and net earnings $2.0M.
Source: Hennessy Advisors 10-Q on SEC EDGAR.