Quarterly ResultAug 5, 2026, 04:59 PM
Hennessy Advisors Repays $40.25M Debt; Q3 Net Income $1.99M
AI Summary
Hennessy Advisors Inc. reported Q3 2026 net income of $1.999 million ($0.25 diluted EPS) on total revenue of $8.390 million. For the nine months ended June 30, 2026, net income was $5.839 million ($0.73 diluted EPS) on total revenue of $24.843 million. A significant event was the full redemption of $40.25 million in 2026 Notes on June 30, 2026, which substantially reduced total liabilities and cash.
Key Highlights
- Fully redeemed $40.25 million in 2026 Notes on June 30, 2026.
- Q3 2026 net income was $1.999 million, down from $2.121 million YoY.
- Q3 2026 total revenue increased to $8.390 million from $8.054 million YoY.
- Nine-month net income decreased to $5.839 million from $7.538 million YoY.
- Nine-month total revenue decreased to $24.843 million from $27.038 million YoY.
- Cash and cash equivalents decreased to $35.351 million from $72.431 million.
- Quarterly cash dividend declared at $0.15 per share, up from $0.14 YoY.
- Expensed $0.4 million due to termination of ETF management purchase agreement.
Price Impact
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