HENNESSY ADVISORS, INC. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Cash Flow
Cash Flow by Activity
Operating Cash Flow↓-70.4% -$2M
$661K
Free Cash Flow↓-71.6% -$2M
$601K
Investing Cash Flow↑+52.8% +$67K
$-60K
Financing Cash Flow↓-1.4% -$15K
$-1M
Capex↓-48.7% -$57K
$60K
Stock Buybacks
—
Dividends Paid↑+1.3% +$14K
$1M
Stock-Based Comp↑+3.3% +$10K
$309K
Debt Issued
—
Debt Repaid
—
D&A↑+8.2% +$5K
$66K
SBC Allocated Expense↑+3.3% +$10K
$309K
SBC Unrecognized Cost
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