Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.4M | $53.0M | $54.6M | $42.7M | $33.4M | $32.8M | $29.7M | $24.0M | $29.6M | $35.5M |
| Revenue growth | — | 3.0% | 3.1% | -21.8% | -21.8% | -1.9% | -9.4% | -19.0% | 23.4% | 19.9% |
| Operating income | $23.8M | $24.5M | $24.5M | $16.0M | $11.3M | $10.9M | $9.84M | $6.33M | $8.87M | $13.1M |
| Operating margin | 46.3% | 46.3% | 44.8% | 37.5% | 33.9% | 33.2% | 33.2% | 26.4% | 29.9% | 37.0% |
| Net income | $14.4M | $14.9M | $20.6M | $11.0M | $7.84M | $7.90M | $6.19M | $4.77M | $7.10M | $9.96M |
| Net margin | 27.9% | 28.2% | 37.8% | 25.8% | 23.5% | 24.1% | 20.9% | 19.9% | 23.9% | 28.0% |
| EPS (diluted) | $1.86 | $1.92 | $2.61 | $1.42 | $1.06 | $1.07 | $0.82 | $0.63 | $0.92 | $1.27 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.2M | $19.8M | $21.5M | $14.4M | $10.6M | $10.4M | $8.66M | $7.13M | $9.28M | $13.8M |
| Capital expenditures | $184K | $176K | $360K | $204K | $172K | $249K | $216K | $215K | $313K | $440K |
| Free cash flow | $18.0M | $19.7M | $21.2M | $14.2M | $10.5M | $10.1M | $8.45M | $6.92M | $8.96M | $13.4M |
| Share buybacks | — | — | — | $4.75M | $2.71M | — | — | — | — | — |
| Dividends paid | $1.50M | $2.21M | $2.88M | $3.54M | $3.97M | $3.97M | $4.04M | $4.10M | $4.15M | $4.20M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.54M | $15.7M | $25.4M | $24.7M | $9.96M | $15.8M | $58.5M | $60.5M | $63.9M | $72.4M |
| Total assets | $84.9M | $97.3M | $109M | $110M | $94.8M | $102M | $144M | $146M | $152M | $160M |
| Total liabilities | $47.6M | $45.7M | $38.5M | $34.7M | $16.6M | $18.6M | $57.4M | $58.0M | $60.8M | $62.7M |
| Long-term debt | $26.0M | $21.7M | $17.5M | $13.0M | — | — | — | — | — | — |
| Shareholders' equity | $37.3M | $51.5M | $71.0M | $75.5M | $78.2M | $83.3M | $86.3M | $87.8M | $91.3M | $97.7M |
| Retained earnings | $24.1M | $36.6M | $54.2M | $57.9M | $59.5M | $63.3M | $65.3M | $66.0M | $68.7M | $74.3M |
| Shares (wtd avg diluted) | 7.72M | 7.79M | 7.89M | 7.77M | 7.38M | 7.41M | 7.56M | 7.60M | 7.72M | 7.83M |
Every figure is extracted from HENNESSY ADVISORS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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