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How Hennessy Advisors (HNNA) makes money
Hennessy Advisors (HNNA) made $8.4M of revenue in the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier. Investment Advice brought in $7.8M (93%); Shareholder Service brought in $563K (7%). Of every dollar of revenue, 35¢ was left as operating profit, 24¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Investment Advice | $7.8M | 93.3% | +3% | +4% |
| Shareholder Service | $563K | 6.7% | +2% | +3% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $8.4M | 100.0% |
| Operating profit | $2.9M | 34.7% |
| Income tax | $776K | 9.2% |
| Net earnings | $2.0M | 23.8% |
| Operating cash flow | $3.7M | 44.6% |
| Free cash flow | $3.7M | 44.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $8.4M | +4% |
| Q2 FY26 | $8.1M | -12% |
| Q1 FY26 | $8.3M | -14% |
| Q4 FY25 | $8.5M | -3% |
| Q3 FY25 | $8.1M | +4% |
| Q2 FY25 | $9.3M | +34% |
| Q4 FY24 | $8.8M | +40% |
From Hennessy Advisors' 10-Q filed Aug 5, 2026 (on EDGAR).
Questions
How does Hennessy Advisors make money?
Hennessy Advisors (HNNA) made $8.4M of revenue in the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier. Investment Advice brought in $7.8M (93%); Shareholder Service brought in $563K (7%). Of every dollar of revenue, 35¢ was left as operating profit, 24¢ was left as net earnings.
What is Hennessy Advisors' biggest business?
Investment Advice: $7.8M in the third quarter fiscal 2026, 93% of revenue, +4% from a year earlier.
What is Hennessy Advisors' profit margin?
Net earnings were $2.0M, 23.8% of revenue, in the third quarter fiscal 2026; the operating margin was 34.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.