Hennessy Advisors (HNNA) Operating Expenses (2010 - 2026)
Hennessy Advisors posted quarterly Operating Expenses of $5.5 million for Q1 2026, down 5.18% year-on-year 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) has 17 years of Operating Expenses data on file, last reported at $5.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 5.18% year-over-year to $5.5 million; the trailing twelve-month figure through Mar 2026 stood at $21.9 million (down 3.57% YoY), and the FY2025 full-year result was $22.4 million, up 7.77% from the prior year.
- Operating Expenses for Q1 2026 stood at $5.5 million, 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.
- The 5-year median for Operating Expenses is $5.1 million (2022), against an average of $5.1 million.
- The widest annual swing landed in 2022, when Operating Expenses retreated 21.42%; it then advanced 29.69% in 2024.
- A 5-year view of Operating Expenses shows it stood at $4.5 million in 2022, then gained by 3.94% to $4.7 million in 2023, then gained by 24.56% to $5.9 million in 2024, then declined by 2.76% to $5.7 million in 2025, then dropped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 Bn |
| 10 | Hennessy Advisors | 78.18 Mn | 7.14 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 |
| Mar 31, 2021 | 5.37 Mn |
| Dec 31, 2020 | 5.38 Mn |
| Sep 30, 2020 | 5.06 Mn |
| Jun 30, 2020 | 4.61 Mn |
| Mar 31, 2020 | 5.89 Mn |
| Dec 31, 2019 | 6.51 Mn |
| Sep 30, 2019 | 6.65 Mn |
| Jun 30, 2019 | 6.51 Mn |
| Mar 31, 2019 | 6.50 Mn |
| Dec 31, 2018 | 7.04 Mn |
| Sep 30, 2018 | 7.55 Mn |
| Jun 30, 2018 | 7.44 Mn |
| Mar 31, 2018 | 7.75 Mn |
| Dec 31, 2017 | 7.38 Mn |
| Sep 30, 2017 | 7.52 Mn |
| Jun 30, 2017 | 6.91 Mn |
| Mar 31, 2017 | 7.13 Mn |
| Dec 31, 2016 | 7.05 Mn |
| Sep 30, 2016 | 7.13 Mn |
| Jun 30, 2016 | 6.86 Mn |
| Mar 31, 2016 | 6.74 Mn |
| Dec 31, 2015 | 6.89 Mn |
| Sep 30, 2015 | 6.53 Mn |
| Jun 30, 2015 | 6.29 Mn |
| Mar 31, 2015 | 6.14 Mn |
| Dec 31, 2014 | 5.97 Mn |
| Sep 30, 2014 | 5.33 Mn |
| Jun 30, 2014 | 5.07 Mn |
| Mar 31, 2014 | 5.13 Mn |
| Dec 31, 2013 | 4.85 Mn |
| Sep 30, 2013 | 4.35 Mn |
| Jun 30, 2013 | 4.03 Mn |
| Mar 31, 2013 | 3.89 Mn |
| Dec 31, 2012 | 3.10 Mn |
| Sep 30, 2012 | 1.43 Mn |
| Jun 30, 2012 | 1.18 Mn |
| Mar 31, 2012 | 1.29 Mn |
| Dec 31, 2011 | 1.39 Mn |
| Sep 30, 2011 | 1.32 Mn |
| Jun 30, 2011 | 1.31 Mn |
| Mar 31, 2011 | 1.40 Mn |
| Dec 31, 2010 | 1.47 Mn |
| Sep 30, 2010 | 1.48 Mn |
| Jun 30, 2010 | 1.48 Mn |
| Mar 31, 2010 | 1.52 Mn |