Filing Flows › Hennessy Advisors (HNNA) › Q4 FY25
Hennessy Advisors (HNNA) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Dec 3, 2025
Hennessy Advisors (HNNA) reported revenue of $8.5M for the fourth quarter fiscal 2025 (Q4 FY25), -3% from a year earlier and +6% from the quarter before. Operating margin was 35.5%, net earnings $2.4M (28.5% of revenue).
Hennessy Advisors, Q4 FY25: revenue $8.5M (-3% year over year), operating margin 35.5%, net earnings $2.4M, operating cash flow $3.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.5M | +6% | -3% |
| Operating profit | $3.0M | +6% | +3% |
| Net earnings | $2.4M | +14% | +4% |
| Operating cash flow | $3.8M | -5% | +11% |
| Free cash flow | $3.6M | -8% | +9% |
What changed
Revenue was $8.5M in Q4 FY25, down 3% year over year and up 6% from the previous quarter. Investment Advice was the largest line at 93% of revenue.
Operating profit was $3.0M, a 35.5% margin (up 2.0 points year over year). Total costs fell 6% while revenue fell 3%. Net earnings were $2.4M, up 4% year over year. The effective tax rate was 22.8%.
Operating cash flow was $3.8M (up 11% year over year), 157% of net earnings. Non-cash charges added back $86K of depreciation and $280K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $175K left free cash flow of $3.6M.
Questions
What was Hennessy Advisors' revenue in the fourth quarter fiscal 2025?
Hennessy Advisors (HNNA) reported revenue of $8.5M for the fourth quarter fiscal 2025 (Q4 FY25), -3% from a year earlier and +6% from the quarter before.
Was Hennessy Advisors profitable in the fourth quarter fiscal 2025?
Operating profit was $3.0M (35.5% of revenue) and net earnings $2.4M.
Source: Hennessy Advisors 10-K on SEC EDGAR.