Hennessy Advisors (HNNA) Operating Expenses (2010 - 2026)
Hennessy Advisors' (HNNA) quarterly Operating Expenses came in at $5.5 million in Q1 2026, down 5.18% YoY from $5.8 million in Q1 2025, and down 3.38% on a QoQ basis from $5.7 million in Q4 2025.
Hennessy Advisors (HNNA) Operating Expenses (2010 - 2026) Analysis & Trends
Hennessy Advisors (HNNA) has 17 years of Operating Expenses data on file, last reported at $5.5 million in 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 slipped to $5.5 million in Q1 2026, from $5.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $5.9 million in Q4 2024 to a low of $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 retreated 21.42% — and 2024, when it advanced 29.69%.
- Tracing HNNA's Operating Expenses over 5 years: stood at $4.5 million in 2022, then rose by 3.94% to $4.7 million in 2023, then rose by 24.56% to $5.9 million in 2024, then dropped by 2.76% to $5.7 million in 2025, then slipped by 3.38% to $5.5 million in 2026.
- The last three Operating Expenses figures came in at $5.5 million (Q1 2026), $5.7 million (Q4 2025), and $5.5 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 2.38 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 3.18 Bn |
| 10 | Hennessy Advisors | 78.16 Mn | 42.80 Mn | - | 5.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.48 Mn |
| 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 |