Hennessy Advisors (HNNA) Operating Expenses (2010 - 2026)
Hennessy Advisors (HNNA) posted Operating Expenses of $5.5 million for Q1 2026, down 3.38% on a QoQ basis from $5.7 million in Q4 2025, and down 5.18% year-over-year from $5.8 million in Q1 2025.
Hennessy Advisors (HNNA) Operating Expenses (2010 - 2026) Analysis & Trends
Hennessy Advisors' Operating Expenses history runs 17 years deep, the most recent figure standing at $5.5 million for Q1 2026.
- Quarterly Operating Expenses fell 5.18% year-over-year to $5.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $21.9 million (down 3.57% YoY) and the FY2025 annual result came in at $22.4 million, up 7.77% from the prior year.
- Operating Expenses was $5.5 million for Q1 2026 at Hennessy Advisors, down from $5.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $5.9 million in Q4 2024 and bottomed at $4.3 million in Q2 2023.
- A 5-year average of $5.1 million and a median of $5.1 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses dropped 21.42% — and 2024, when it increased 29.69%.
- Hennessy Advisors' Operating Expenses stood at $4.5 million in 2022, then advanced by 3.94% to $4.7 million in 2023, then advanced by 24.56% to $5.9 million in 2024, then fell by 2.76% to $5.7 million in 2025, then declined by 3.38% to $5.5 million in 2026.
- Business Quant data shows HNNA's Operating Expenses at $5.5 million in Q1 2026, $5.7 million in Q4 2025, and $5.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Hennessy Advisors | 77.68 Mn | 4.61 Mn | - | 5.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.52 Mn |
| Dec 31, 2025 | 5.72 Mn |
| Sep 30, 2025 | 5.49 Mn |
| Jun 30, 2025 | 5.21 Mn |
| Mar 31, 2025 | 5.83 Mn |
| Dec 31, 2024 | 5.88 Mn |
| Sep 30, 2024 | 5.84 Mn |
| Jun 30, 2024 | 5.20 Mn |
| Mar 31, 2024 | 5.02 Mn |
| Dec 31, 2023 | 4.72 Mn |
| Sep 30, 2023 | 4.50 Mn |
| Jun 30, 2023 | 4.32 Mn |
| Mar 31, 2023 | 4.32 Mn |
| Dec 31, 2022 | 4.54 Mn |
| Sep 30, 2022 | 4.43 Mn |
| Jun 30, 2022 | 4.58 Mn |
| Mar 31, 2022 | 5.07 Mn |
| Dec 31, 2021 | 5.75 Mn |
| Sep 30, 2021 | 5.64 Mn |
| Jun 30, 2021 | 5.49 Mn |