FY2025 · ended Dec 31, 2025 · Revenue $998.85M, +26.9% YoY · Filed Feb 12, 2026
Happen, Inc. (HAPN) files with the SEC under industry code 6141, Personal Credit Institutions. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $998.8 million and net income of $135.7 million. Free cash flow was -$2.9 billion. As of Sep 30, 2026 it held $793.1 million in cash and investments and $10.3 million in total debt.
Revenue (TTM)
$1.04B
+10.0% vs year-ago TTM
Net income (TTM)
$210.58M
+102.8% vs year-ago TTM
Operating cash flow (TTM)
$-2.79B
-38.8% vs year-ago TTM
Free cash flow (TTM)
$-2.87B
-33.7% vs year-ago TTM
EPS (TTM)
$1.79
+100.8% vs year-ago TTM
Dividend per share
None
Shares outstanding
115.18M
+1.6% vs prior year
Net cash
$782.72M
as of Sep 30, 2026
Operating margin
—
Company profile
- Industry
- Personal Credit Institutions (SIC 6141)
- Listed as
- HAPN (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- San Francisco, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1409970
- Former names
- LendingClub CORP (until Jun 18, 2026); LendingClub Corp (until Jun 18, 2026)
Other Personal Credit Institutions companies
- Affirm Holdings, Inc. AFRM
- OneMain Holdings, Inc. OMF
- Credit Acceptance Corp CACC
- Nelnet Inc NNI
- Enova International, Inc. ENVA
- Bread Financial Holdings, Inc. BFH
- SLM Corp SLM
- Atlanticus Holdings Corp ATLC
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $998.8M | $787.0M | $864.6M | $1.2B | $818.6M |
| Net income | $135.7M | $51.3M | $38.9M | $289.7M | $18.6M |
| Diluted EPS | $1.16 | $0.45 | — | — | $0.18 |
| Operating cash flow | -$2.7B | -$2.6B | -$1.1B | $375.6M | $239.9M |
| Free cash flow | -$2.9B | -$2.7B | -$1.2B | $306.1M | $205.5M |
| Total assets | $11.6B | $10.6B | $8.8B | $8.0B | $4.9B |
| Total liabilities | $10.1B | $9.3B | $7.6B | $6.8B | $4.1B |
| Stockholders' equity | $1.5B | $1.3B | $1.3B | — | — |
| Cash and investments | $930.4M | $977.4M | $1.3B | $1.1B | $1.0B |
| Total debt | $15.8M | $28.5M | $37.9M | $79.9M | $119.4M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 28, 2026 | Oct 28, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 27, 2026 | Jul 27, 2026 |
| 8-K |
Current report
Bylaw or fiscal year change, Regulation FD disclosure, Other events
|
Jun 22, 2026 | Jun 22, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 4, 2026 | Jun 2, 2026 |
All 1003 Happen, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.