Hennessy Advisors Q3 FY26 net income falls 5.8% to $2 million; revenue rises 4.2% to $8.39 million

Hennessy Advisors posted net income of $2 million for the quarter ended June 30, 2026, down 5.8% year over year.

Revenue rose 4.2% to $8.39 million, driven by higher average daily net assets across the Hennessy Funds.

Operating expenses increased 5.2% to $5.48 million, led by higher compensation, general and administrative costs, and sub-advisory fees.

Assets under management ended June 30 at $4.39 billion, up 2.6% year over year, as market appreciation offset net outflows.

Cash and cash equivalents totaled $35.4 million, with no debt following the June 30 redemption of the 2026 Notes.