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Financials · HAPN

Happen Inc. (HAPN) financials

For the twelve months ended Sep 30, 2026, Happen Inc. reported $1.04B of revenue and $210.58M of net income.

Revenue, TTM
$1.04B
Revenue growth, YoY
+10.0%
Net income, TTM
$210.58M
Net income growth, YoY
+102.8%
Net margin
20.2%
Free cash flow, TTM
-$2.87B
EPS, diluted, TTM
$1.80
EPS growth, YoY
+104.5%
Cash
$793.06M
Total debt
$0
P/E
8.87
P/S
1.79
Market cap
$1.87B
Annual revenue$998.85M
FY2016FY2025
Annual net income$135.68M
FY2016FY2025
Annual free cash flow-$2.87B
FY2016FY2025

HAPN revenue and earnings growth

HAPN revenueQ3 2026$263.16M

Quarter YoY
-1.2%
QoQ
+0.1%
FY YoY
+26.9%
5Y CAGR
+25.7%
10Y CAGR
+8.8%

HAPN revenue was $263.16M in fiscal Q3 2026 (ended Sep 30, 2026), down 1.2% from a year earlier and up 0.1% from the prior quarter. For the full fiscal 2025 it was $998.85M, up 26.9% from fiscal 2024. Compound annual growth was +25.7% over 5 years and +8.8% over 10 years. It rose in 7 of the last 10 fiscal years.

HAPN net incomeQ3 2026$59.28M

Quarter YoY
+33.9%
QoQ
+1.9%
FY YoY
+164.3%

HAPN net income was $59.28M in fiscal Q3 2026 (ended Sep 30, 2026), up 33.9% from a year earlier and up 1.9% from the prior quarter. For the full fiscal 2025 it was $135.68M, up 164.3% from fiscal 2024. It rose in 3 of the last 4 fiscal years.

HAPN EPSQ3 2026$0.50

Quarter YoY
+35.1%
QoQ
+0.0%
FY YoY
+157.8%

HAPN diluted EPS was $0.50 in fiscal Q3 2026 (ended Sep 30, 2026), up 35.1% from a year earlier and up 0.0% from the prior quarter. For the full fiscal 2025 it was $1.16, up 157.8% from fiscal 2024.

HAPN free cash flowQ3 2026-$709.72M

HAPN free cash flow was -$709.72M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$791.83M a year earlier. For the full fiscal 2025 it was -$2.87B, compared with -$2.69B in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$998.85M$787.01M$864.62M$1.19B$818.63M$318.08M$758.61M$694.81M$574.54M$500.81M
Research and development-----$139.05M$168.38M$155.25M$142.26M$115.36M
Selling, general and admin-----$213.02M$238.29M$228.64M$191.68M$207.17M
Interest expense$335.87M$373.92M$270.79M$82.52M$80.00M$150.37M$247.30M$385.61M$571.42M$688.37M
Pre-tax income$176.95M$65.07M$54.62M$153.04M$18.44M-$187.62M-$30.90M-$128.30M-$153.20M-$150.20M
Income tax$41.27M$13.74M$15.68M-$136.65M-$136.0K-$79.0K-$201.0K$43.0K$632.0K-$4.23M
Net income$135.68M$51.33M$38.94M$289.69M$18.58M-$187.54M-$30.75M-$128.31M-$153.84M-$145.97M
EPS, basic$1.18$0.46$0.36$2.80---$0.35-$1.52-$1.88-$1.90
EPS, diluted$1.16$0.45$0.36$2.79$0.18--$0.35-$1.52-$1.88-$1.90
Diluted shares117.2M113.1M108.5M104.0M102.1M-87.3M84.6M81.8M77.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$930.44M$977.40M$1.29B$1.12B$763.59M$628.49M$487.12M$644.06M$644.29M$693.41M
Goodwill$75.72M$75.72M$75.72M$75.72M$75.72M$0$0$0$35.63M$35.63M
Total assets$11.57B$10.63B$8.83B$7.98B$4.90B$1.86B$2.98B$3.82B$4.64B$5.56B
Short-term debt---$2.62M$27.78M$104.99M----
Total debt$0$0$19.35M-------
Total liabilities$10.07B$9.29B$7.58B$6.82B$4.05B$1.14B$2.08B$2.95B$3.71B$4.59B
Shareholders' equity$1.50B$1.34B$1.25B$1.16B$850.24M$724.17M$900.19M$870.98M$927.76M$975.77M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$2.73B-$2.63B-$1.14B$375.57M$239.87M$418.03M-$270.64M-$639.74M-$573.39M$545.0K
Capital expenditures$140.34M$54.30M$59.51M$69.48M$34.41M$31.15M$50.67M$52.98M$44.62M$51.84M
Free cash flow-$2.87B-$2.69B-$1.20B$306.09M$205.46M$386.88M-$321.31M-$692.72M-$618.00M-$51.30M
Investing cash flow$1.93B$607.81M$516.70M-$2.81B-$454.41M$565.77M$653.77M$878.74M$998.57M-$325.88M
Financing cash flow$747.82M$1.71B$789.57M$2.80B$349.64M-$842.44M-$540.06M-$239.23M-$474.31M$314.48M
Dividends paid---$0$0$50.20M$0$0--
Share repurchases------$0$0$0$19.48M
Stock-based compensation$34.29M$40.07M$52.39M$66.36M$66.76M$61.53M$73.64M$75.09M$70.98M$69.24M
Depreciation and amortization-$58.83M$47.20M$43.83M$44.28M$54.03M$62.15M$54.76M$46.21M$29.88M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY26.9%-9.0%-27.2%45.0%157.4%-58.1%9.2%20.9%14.7%16.5%
Net income growth, YoY164.3%31.8%-86.6%1459.1%------
EPS growth, YoY157.8%25.0%-87.1%1450.0%------
Net margin13.6%6.5%4.5%24.4%2.3%-59.0%-4.1%-18.5%-26.8%-29.1%
Free cash flow margin-287.1%-341.6%-138.3%25.8%25.1%121.6%-42.4%-99.7%-107.6%-10.2%
Return on equity9.0%3.8%3.1%24.9%2.2%-25.9%-3.4%-14.7%-16.6%-15.0%
Return on assets1.2%0.5%0.4%3.6%0.4%-10.1%-1.0%-3.4%-3.3%-2.6%
Debt to equity0.000.000.02-------

Source: XBRL data Happen Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-5, first reported Aug 7, 2019.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

HAPN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HAPN$1.04B+10.0%$210.58M20.2%$1.87B
AXP$77.59B+10.2%$12.26B15.8%$217.47B
SPGI$17.21B+18.2%$4.99B29.0%$136.57B
MCO$8.18B+9.0%$2.88B35.3%$88.11B
NU$15.77B+37.0%$2.87B18.2%$60.02B
RKT$11.46B+90.4%$1.30B11.4%$43.11B
COIN$5.63B-26.6%-$701.62M-12.5%$36.03B
AFRM$4.59B+32.7%$2.01B43.9%$23.06B
SYF$19.31B+2.6%$3.33B17.3%$22.80B

HAPN FAQ

8 questions
  • What is HAPN revenue?
    Happen Inc. (HAPN) reported $1.04B of revenue for the twelve months ended Sep 30, 2026. That is up 10.0% from the year before. Revenue for fiscal 2025 was $998.85M.
  • Is HAPN profitable?
    Yes. Happen Inc. earned $210.58M in net income for the twelve months ended Sep 30, 2026, a net margin of 20.2%.
  • How much cash and debt does HAPN have?
    Happen Inc. reported $793.06M in cash and cash equivalents and $0 of debt on its most recent balance sheet in SEC filings.
  • How fast is HAPN revenue growing?
    Happen Inc.'s revenue changed +26.9% in fiscal 2025, to $998.85M. Its compound annual growth rate was +25.7% over 5 years and +8.8% over 10 years.
  • What is HAPN free cash flow?
    Happen Inc. generated -$2.87B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$2.79B less capital expenditures.
  • What is HAPN earnings per share?
    Diluted earnings per share were $1.80 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did HAPN last report financial results?
    The latest statements here come from Happen Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this HAPN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Happen Inc. files with the SEC. It is provided for information only and is not investment advice.