Hennessy Advisors Inc cash flow statement

In fiscal 2025, Hennessy Advisors Inc's operations generated $13.8m of cash; it spent $440,000 on capital projects, leaving free cash flow of $13.4m. It returned $4.2m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hennessy Advisors Inc: cash flow statement, annual
Fiscal year	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Cash from operations	2	2	2	6	9	14	18	20	22	14	11	10	9	7	9	14	11
Depreciation and amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-based pay	0	0	0	0	0	1	1	2	2	2	2	1	1	1	1	1	1
Capital spending	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free cash flow	2	2	2	6	9	14	18	20	21	14	10	10	8	7	9	13	10
Free cash flow after stock pay	2	2	2	6	9	13	17	18	19	12	9	9	7	6	8	12	9
Dividends paid	1	1	1	1	1	1	2	2	3	4	4	4	4	4	4	4	4
Share buybacks	0	—	—	—	—	25	—	—	—	5	3	—	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Hennessy Advisors Inc: cash flow statement, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Cash from operations	3,436	2,234	3,745	4,016	3,797	661	2,309	3,742
Depreciation and amortisation	59	61	69	74	86	66	86	77
Stock-based pay	251	299	274	275	280	309	351	299
Capital spending	100	117	81	67	175	60	66	30
Free cash flow	3,336	2,117	3,664	3,949	3,622	601	2,243	3,712
Free cash flow after stock pay	3,085	1,818	3,390	3,674	3,342	292	1,892	3,413

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Hennessy Advisors Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hennessy Advisors Inc.