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
DateValue
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