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Enova International vs Happen: revenue, profit, margins and growth compared

Enova International brought in $3.2B of revenue in fiscal 2025, Happen $998.8M in fiscal 2025. Revenue changed by +18.6% at Enova International and +26.9% at Happen on the year before, so Happen grew faster. Enova International kept 9.8% of its revenue as net profit, Happen 13.6%. Free cash flow was $1.8B at Enova International and -$2.9B at Happen.

Side by side, latest fiscal year

ENVAHAPN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.2B$998.8M
Revenue growth+18.6%+26.9%
Net income$308.4M$135.7M
Net margin9.8%13.6%
Free cash flow$1.8B-$2.9B
Free cash flow margin56.2%-287.1%
Earnings per share (diluted)$11.52$1.16
Cash$71.7M$930.4M
Debt$4.5B$0
Price to earnings15.113.0
Market value$4.3B$1.7B
Dividend yieldn/an/a
Rank by revenue in sector#121 of 444 · Finance#190 of 444 · Finance

Over the years

Revenue
ENVA FY2018: $972.6MENVA FY2019: $1.2BENVA FY2020: $1.1BENVA FY2021: $1.2BENVA FY2022: $1.7BENVA FY2023: $2.1BENVA FY2024: $2.7BENVA FY2025: $3.2BHAPN FY2018: $694.8MHAPN FY2019: $758.6MHAPN FY2020: $318.1MHAPN FY2021: $818.6MHAPN FY2022: $1.2BHAPN FY2023: $864.6MHAPN FY2024: $787MHAPN FY2025: $998.8MFY18FY19FY20FY21FY22FY23FY24FY25
ENVA $3.2BHAPN $998.8M
Net income
ENVA FY2018: $70.1MENVA FY2019: $36.6MENVA FY2020: $377.8MENVA FY2021: $256.3MENVA FY2022: $207.4MENVA FY2023: $175.1MENVA FY2024: $209.4MENVA FY2025: $308.4MHAPN FY2018: -$128.3MHAPN FY2019: -$30.7MHAPN FY2020: -$187.5MHAPN FY2021: $18.6MHAPN FY2022: $289.7MHAPN FY2023: $38.9MHAPN FY2024: $51.3MHAPN FY2025: $135.7MFY18FY19FY20FY21FY22FY23FY24FY25
ENVA $308.4MHAPN $135.7M
Net margin
ENVA FY2018: 7.2%ENVA FY2019: 3.1%ENVA FY2020: 34.9%ENVA FY2021: 21.2%ENVA FY2022: 11.9%ENVA FY2023: 8.3%ENVA FY2024: 7.9%ENVA FY2025: 9.8%HAPN FY2018: -18.5%HAPN FY2019: -4.1%HAPN FY2020: -59.0%HAPN FY2021: 2.3%HAPN FY2022: 24.4%HAPN FY2023: 4.5%HAPN FY2024: 6.5%HAPN FY2025: 13.6%FY18FY19FY20FY21FY22FY23FY24FY25
ENVA 9.8%HAPN 13.6%
Revenue growth
ENVA FY2019: +20.8%ENVA FY2020: -7.8%ENVA FY2021: +11.5%ENVA FY2022: +43.7%ENVA FY2023: +22.0%ENVA FY2024: +25.5%ENVA FY2025: +18.6%HAPN FY2019: +9.2%HAPN FY2020: -58.1%HAPN FY2021: +157.4%HAPN FY2022: +45.0%HAPN FY2023: -27.2%HAPN FY2024: -9.0%HAPN FY2025: +26.9%FY19FY20FY21FY22FY23FY24FY25
ENVA +18.6%HAPN +26.9%
Free cash flow
ENVA FY2018: $670.2MENVA FY2019: $828.6MENVA FY2020: $711.4MENVA FY2021: $442.2MENVA FY2022: $850.4MENVA FY2023: $1.1BENVA FY2024: $1.5BENVA FY2025: $1.8BHAPN FY2018: -$692.7MHAPN FY2019: -$321.3MHAPN FY2020: $386.9MHAPN FY2021: $205.5MHAPN FY2022: $306.1MHAPN FY2023: -$1.2BHAPN FY2024: -$2.7BHAPN FY2025: -$2.9BFY18FY19FY20FY21FY22FY23FY24FY25
ENVA $1.8BHAPN -$2.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Enova International and Happen

Which is bigger by revenue, Enova International or Happen?

Enova International is bigger by revenue: $3.2B in fiscal 2025, against $998.8M for Happen in fiscal 2025.

Which keeps more of its revenue as profit, Enova International or Happen?

Enova International had a net margin of 9.8% in fiscal 2025; Happen had 13.6% in fiscal 2025.

Which grew revenue faster, Enova International or Happen?

In their latest fiscal years revenue changed by +18.6% at Enova International and +26.9% at Happen.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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