All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2024-12-16.
From the record
Hennessy Advisors, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2024-12-16) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-5.9% a year over 8 filed years; profitable in 8 of 8.
From the record
Hennessy Advisors, Inc.'s 8 filed years say what it did: revenue went from $55 million in fiscal 2018 to $36 million in fiscal 2025, down 5.9% a year; it rose in 2 of 7 years; the deepest fall was 56% from fiscal 2018 to fiscal 2023; net income was positive in 8 of 8 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 1.2% a year. 41% of cash flow returned. Insiders: 7 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-09-30, Hennessy Advisors, Inc.'s diluted share count grew about 1.2% a year, and dividends and buybacks returned about 41% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales and 0 purchases of their own stock on the open market in the year to 2026-10-01 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 10%: 10¢ of profit per shareholder dollar. Leverage 39%: owes 39¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-09-30, Hennessy Advisors, Inc. earned about 10 cents of profit for every dollar of shareholders' money. Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count grew 1.4% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 41% of 43 in its family; net margin 28%.
From the record
Hennessy Advisors, Inc.'s standing among 43 graded names in its industry family: revenue of $36 million in fiscal 2025 ranks in the bottom 11% by size; a net margin of 28% ranks in the top 24%; revenue growth of 6.2% a year over the last 3 filed years ranks in the bottom 37% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 6% of 34 in its family for leadership; chief executive since 2007.
From the record
Hennessy Advisors, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hennessy, Neil J (CEO, as filed), filing under that title since 2007-06-29, 19.4 years (top 16% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 20.8 years (top 2%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 1%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 14% of 42 in its family for room to expand.
From the record
Hennessy Advisors, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $72 million against no long-term debt tagged leaves 45.1% of its assets as net cash, top 3% of its family; cash from operations less capital spending is 37.6% of revenue (top 24%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 30% of 41 in its family for growth drivers.
From the record
Hennessy Advisors, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 6.2% a year over the last three filed years against -5.9% over all 8, speeding up (top 16% of its family); the newest year grew 19.9% (top 30%); capital spending grew 26.8% a year (top 43%) (its annual reports). Hennessy Advisors, Inc. reported 2 product lines in fiscal 2025: Investment Advice at $33 million (93%), Shareholder Service at $2 million (7%); 2 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 22% of 41 in its family for expectations against reality.
From the record
Hennessy Advisors, Inc.'s newest year against its own record: revenue of $36 million in fiscal 2025 came in 19.9% above the $30 million its prior three years' pace pointed to (top 14% of its family); net income of $10 million against a prior three-year average of $6 million (top 30%); a net margin of 28% against 21.6% before (top 21%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made