HNNA (Hennessy Advisors) Research & Development: $0.00 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HNNA Hennessy Advisors Inc HNNA
73 GF Score
Price $9.89
GF Value $9.81
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Hennessy Advisors Research & Development?

Hennessy Advisors HNNA -1.59% 73 Research & Development is $0.00 Mil as of Jun. 2026. GuruFocus rates HNNA with a GF Score™ of 73/100 and a GF Value™ of $9.81 (Fairly Valued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Hennessy Advisors's Research & Development for the three months ended in Jun. 2026 was $0.00 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 was $0.00 Mil.


Hennessy Advisors  (NAS:HNNA) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.


Hennessy Advisors Research & Development Related Terms


Hennessy Advisors Research & Development Historical Data

* Premium members only.

The historical data trend for Hennessy Advisors's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hennessy Advisors Research & Development Chart

Hennessy Advisors Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Hennessy Advisors Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
HNNA
73GF Score
Hennessy Advisors Inc HNNA
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hennessy Advisors Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $0.00 Mil mean?
Hennessy Advisors (HNNA) has a Research & Development of $0.00 Mil as of Jun. 2026. Research and development expense is the total cost for research and development activities. View historical data on Hennessy Advisors and its competitors.
Is Hennessy Advisors' Research & Development too high?
Hennessy Advisors' current Research & Development is $0.00 Mil. Overall, Hennessy Advisors has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hennessy Advisors' Research & Development compare to NMS and GDO?
Hennessy Advisors' Research & Development of $0.00 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Asset Management company?
A good Research & Development depends on the Asset Management industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Hennessy Advisors and its competitors. Hennessy Advisors's current Research & Development is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hennessy Advisors stock overvalued right now?
Based on GuruFocus' analysis, Hennessy Advisors (HNNA) is currently considered Fairly Valued. The stock's GF Value™ is $9.81, compared to a current price of $9.89 — trading 0.8% above its estimated fair value. The current Research & Development is $0.00 Mil. Hennessy Advisors' overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Hennessy Advisors (HNNA), the current Research & Development is $0.00 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hennessy Advisors (HNNA) Overvalued in 2026?

Based on GuruFocus' analysis, Hennessy Advisors stock appears to be overvalued. The current stock price of $9.89 is trading 0.8% above its estimated GF Value™ of $9.81. GuruFocus considers Hennessy Advisors to be Fairly Valued.

Key valuation signals for HNNA:

  • Research & Development: $0.00 Mil
  • GF Value™: $9.81 vs. price of $9.89 (0.8% above fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the HNNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hennessy Advisors Business Description

Other Exchanges Z3A:Germany
Address 7250 Redwood Boulevard, Suite 200, Novato, CA, USA, 94945
Hennessy Advisors Inc is an investment management company that manages and markets open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, multi-asset sectors, specialty products, and fixed income products. The company earns revenues mainly from investment advisory services and secondarily from shareholder services. Advisory services include managing each fund's portfolio in line with its investment objectives, monitoring compliance and performance, overseeing sub-advisors and other service providers, and handling marketing, distribution, and regulatory reporting. Shareholder services cover investor support and coordination with the fund service provider, with all related fees based on the funds' average daily net asset values.
73GF Score

Get the complete analysis for HNNA

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.89
Price
$9.81
GF Value