Quarterly ResultMay 6, 2026, 04:24 PM
Hennessy Advisors Q1 Net Income $1.91M; Revenue Down 12.3%
AI Summary
Hennessy Advisors reported a decline in financial performance for the three and six months ended March 31, 2026. Net income for the quarter decreased to $1.91 million on total revenue of $8.13 million, a 12.3% drop year-over-year. The company also terminated an agreement to purchase ETF management assets, resulting in $0.4 million in expensed costs. Despite the decline in earnings, the company increased its quarterly cash dividend to $0.15 per share.
Key Highlights
- Net income for Q1 2026 decreased to $1.91 million from $2.58 million in Q1 2025.
- Total revenue for Q1 2026 was $8.13 million, down 12.3% from $9.28 million in Q1 2025.
- Diluted EPS for Q1 2026 fell to $0.24 from $0.33 in Q1 2025.
- Expensed $0.4 million related to terminated ETF management agreement.
- Declared a quarterly cash dividend of $0.15 per share, up from $0.14.
- $40 million 4.875% notes due December 2026 reclassified as current liability.
- Total stockholders' equity increased to $100.02 million from $97.74 million.
- Net cash from operating activities decreased to $2.97 million from $5.98 million.