HENNESSY ADVISORS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.5M | $29.6M | $24.0M | $29.7M | $32.8M | $33.4M | $42.7M | $54.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $6.3M | $6.5M | $5.5M | $5.0M | $4.8M | $5.0M | $5.8M | $5.9M |
| Operating Income | $13.1M | $8.9M | $6.3M | $9.8M | $10.9M | $11.3M | $16.0M | $24.5M |
| Operating Margin | 37.0% | 29.9% | 26.4% | 33.2% | 33.2% | 33.9% | 37.5% | 44.8% |
| Interest Expense | $2.3M | $2.3M | $2.3M | $2.1M | $0 | $447.0K | $1.1M | $1.2M |
| Pretax Income | $13.6M | $9.7M | $6.6M | $7.9M | $10.9M | $11.0M | $15.3M | $23.4M |
| Income Tax Expense | $3.7M | $2.6M | $1.8M | $1.8M | $3.0M | $3.1M | $4.2M | $2.8M |
| Net Income | $10.0M | $7.1M | $4.8M | $6.2M | $7.9M | $7.8M | $11.0M | $20.6M |
| Net Margin | 28.0% | 23.9% | 19.9% | 20.9% | 24.1% | 23.5% | 25.8% | 37.8% |
| EPS (Basic) | $1.28 | $0.92 | $0.63 | $0.83 | $1.07 | $1.07 | $1.42 | $2.64 |
| EPS (Diluted) | $1.27 | $0.92 | $0.63 | $0.82 | $1.07 | $1.06 | $1.42 | $2.61 |
| Shares Outstanding (Basic) | 7.8M | 7.7M | 7.6M | 7.5M | 7.4M | 7.4M | 7.8M | 7.8M |
| Shares Outstanding (Diluted) | 7.8M | 7.7M | 7.6M | 7.6M | 7.4M | 7.4M | 7.8M | 7.9M |
| Dividends Per Share | $0.55 | $0.55 | $0.55 | $0.55 | $0.55 | $0.55 | $0.47 | $0.39 |