Happen, Inc. (HAPN)
Happen, Inc. brought in $1B of revenue over the twelve months to September 30, 2026, up 10.0% from a year earlier. Net income was $210.6M, a net margin of 20.2%. In fiscal 2025 capital spending exceeded operating cash flow by $2.9B. At September 30, 2026 it held $793.1M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Happen, Inc.
- Net worth
- Happen, Inc. has a market value (market cap) of $1.9B at the latest share price, and shareholders' equity of $1.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $998.8M (+26.9% year on year), with net income of $135.7M. Over the 12 months to September 30, 2026: revenue $1B, net income $210.6M.
- Cash flow
- In fiscal 2025 operations used $2.7B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Happen, Inc.'s next report is expected around January 27, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Happen, Inc. does
Happen, Inc. is registered with the SEC under industry code SIC 6141 (Personal Credit Institutions). Its shares trade on NASDAQ under the ticker HAPN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $998.8M | $135.7M | $1.16 | -$2.9B |
| 2024 | $787M | $51.3M | $0.45 | -$2.7B |
| 2023 | $864.6M | $38.9M | $0.36 | -$1.2B |
| 2022 | $1.2B | $289.7M | $2.79 | $306.1M |
| 2021 | $818.6M | $18.6M | $0.18 | $205.5M |
| 2020 | $318.1M | -$187.5M | n/a | $386.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HAPN ranks in Finance
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2022 | n/a | $0 | 0% |
| 2021 | n/a | $0 | 0% |
| 2020 | n/a | $50.2M | n/a |
| 2019 | n/a | $0 | n/a |
| 2018 | n/a | $0 | n/a |
Latest SEC filings
What Happen, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 1.2% to $263.2M versus the same quarter last year; diluted EPS $0.50 versus $0.37.
- October 28, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- July 31, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.8% to $262.9M versus the same quarter last year; diluted EPS $0.50 versus $0.33.
- July 27, 2026
- June 22, 2026
- June 18, 2026
- June 4, 2026
Insider trades
What the people running Happen, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Cheng JordanGeneral Counsel & Secretary | Soldpre-planned (10b5-1) | 2,800 | $46.9K |
| October 29, 2026 | Cheng JordanGeneral Counsel & Secretary | Soldpre-planned (10b5-1) | 2,800 | $44.8K |
| September 15, 2026 | Selleck ErinDirector | Soldpre-planned (10b5-1) | 7,148 | $119.2K |
| September 4, 2026 | Selleck ErinDirector | Soldpre-planned (10b5-1) | 2,057 | $35.8K |
| September 3, 2026 | Cheng JordanGeneral Counsel & Secretary | Soldpre-planned (10b5-1) | 2,800 | $49.2K |
| August 26, 2026 | Sanborn ScottCEO, Director | Soldpre-planned (10b5-1) | 28,750 | $524.7K |
| August 25, 2026 | Cheng JordanGeneral Counsel & Secretary | Exercised options | 5,728 | - |
| August 25, 2026 | Cheng JordanGeneral Counsel & Secretary | Exercised options | 3,504 | - |
Who owns HAPN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Wellington Management Group LLP13G, passive with 3 related filers | 13.3% | August 13, 2026 |
| Vanguard Portfolio Management13G, passive | 6.69% | April 29, 2026 |
| Bay Pond Investors (Bermuda) L.P.13G, passive | 5.1% | April 24, 2026 |
| Bay Pond Partners, L.P.13G, passive | 5.1% | April 24, 2026 |
| Dimensional Fund Advisors LP13G, passive | 5% | April 9, 2026 |
| Vanguard Capital Management13G, passive | 5% | July 31, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 245 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Wellington Management Group Llp | 15,284,869 | +2,526,895 |
| BlackRock, Inc. | 10,062,332 | +474,545 |
| Vanguard Portfolio Management LLC | 8,248,984 | +615,117 |
| Dimensional Fund Advisors LP | 6,287,112 | +526,971 |
| Vanguard Capital Management LLC | 4,912,518 | +6,774 |
| Senvest Management, LLC | 3,346,293 | -1,200,519 |
| American Century Companies Inc | 3,149,433 | +449,161 |
| Geode Capital Management, LLC | 2,946,283 | -169,371 |
| State Street Corp | 2,942,505 | +49,585 |
| Westfield Capital Management Co LP | 2,500,134 | +382,591 |
| Long Focus Capital Management, LLC | 1,665,849 | -270,151 |
| Driehaus Capital Management LLC | 1,601,909 | -407,767 |
| D. E. Shaw & Co., Inc. | 1,576,086 | +806,416 |
| Walleye Capital LLC | 1,517,757 | +1,202,426 |
| Bank of America Corp | 1,486,448 | +176,824 |
| Jpmorgan Chase & Co | 1,403,804 | +1,098,382 |
| Charles Schwab Investment Management Inc | 1,309,425 | -9,137 |
| Northern Trust Corp | 1,231,567 | +215,881 |
| Emerald Advisers, LLC | 1,193,757 | +266,161 |
| Cramer Rosenthal McGlynn LLC | 1,182,086 | -474,009 |
Insiders
14 insiders reported holding 2,478,000 shares in total, about $40.2M at the last price.
| Holder | Shares |
|---|---|
| Sanborn ScottCEO, Director | 1,462,774 |
| Armstrong AnnieChief Risk Officer | 388,268 |
| LaBenne AndrewChief Financial Officer | 245,61712,000 held indirectly |
| Cheng JordanGeneral Counsel & Secretary | 100,813 |
| Selleck ErinDirector | 75,380 |
| Mattics Steven CBank - Chief Lending Officer | 65,255 |
| Stack FergalSVP, Corporate Controller | 43,888 |
| Landon Allan RDirector | 13,715 |
| Mayopoulos Timothy JDirector | 13,715 |
| Cutler Stephen MDirector | 13,715 |
Questions about HAPN
What does Happen, Inc. do?
Happen, Inc. is a company in the Finance sector, listed on NASDAQ as HAPN. Its shares trade on NASDAQ under the ticker HAPN.
What is Happen, Inc.'s net worth?
Happen, Inc. has a market value (market cap) of $1.9B at the latest share price, and shareholders' equity of $1.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Happen, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $210.6M on revenue of $1B, a net margin of 20.2%.
How much revenue does Happen, Inc. make?
Over the twelve months to September 30, 2026 Happen, Inc. reported revenue of $1B. That is 10.0% more than a year earlier.
When did Happen, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 6, 2026.
When is Happen, Inc.'s next earnings report?
Happen, Inc.'s next report is expected around January 27, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Happen, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.