"The
"This quarter, we made the decision to redeem our notes payable of
"We are pleased to report a 4% increase in revenue driven by higher assets under management year-over-year," she continued. "While the early redemption of our notes payable reduced earnings in the current quarter due to the accelerated recognition of financing costs, our net cash position increased 18% from the prior year to more than
Summary Highlights (compared to the prior comparable quarter ended
- Total revenue of
$8 .4 million, an increase of 4%. - Net income of
$2.0 million , a decrease of 6%, primarily attributable to the early redemption of debt. - Fully diluted earnings per share of
$0.25 , a decrease of 4%. - Average assets under management, upon which revenue is earned, of
$4.3 billion , an increase of 4%. - Total assets under management of
$4.4 billion , an increase of 3%. - Cash and cash equivalents, net of gross debt, of
$35.4 million , an increase of 18%.
Three Months Ended | Change | |||||||
2026 | 2025 | Amount | Percent | |||||
Total Revenue | $ 8,390,476 | $ 8,054,259 | $ 336,217 | 4.2 % | ||||
Net Income | 1,999,148 | 2,120,934 | (121,786) | -5.7 % | ||||
Earnings Per Share (Diluted) | 0.25 | 0.26 | (0.01) | -3.8 % | ||||
Weighted Average Number of Shares Outstanding (Diluted) | 8,038,411 | 7,960,872 | 77,539 | 1.0 % | ||||
Average Assets Under Management | 4,261,027,927 | 4,098,783,695 | 162,244,232 | 4.0 % | ||||
As of | ||||||||
2026 | 2025 | |||||||
Total Assets Under Management | $ 4,390,624,761 | $ 4,280,005,244 | $ 110,619,517 | 2.6 % | ||||
Cash and Cash Equivalents, Net of Gross Debt Balance | 35,350,689 | 30,069,042 | 5,281,647 | 17.6 % | ||||
* Based on the closing stock price of
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy-and-hold philosophy that rejects the idea of market timing.
Supplemental Information
Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.
Forward-Looking Statements
This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations and projections about future events based on currently available information. Forward-looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward-looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward-looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations.
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SOURCE Hennessy Advisors, Inc.