Saturday 17 October 2026 Export HAPN’s income statement to Excel — free account

Happen Inc.

Happen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 15.0% from fiscal 2024. In the quarter to June 2026, revenue grew 6.49%, EPS grew 51.5% and free cash flow grew 25.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

14.49 0.18 −1.23%

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Market cap: $1.7B
P/E: 8.5×
Fwd P/E: 9.8×
Dividend yield: —
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.15

Total sells 9.39

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	3	—	—	—	—	—
Sell	1	4	1	1	1	—	2	6	4	4	3	—

Insider Ownership 3.01%

Capital & Financial Ratios $m

Market Cap 1,690.00

Revenue 1,393.62

Net Income 195.58

Free Cash Flow (2,956.80)

Net Debt (928.22)

Current Ratio 0.72

Debt/Equity 0.00

P/E ratio 8.52

Fwd P/E 9.82

P/S ratio 1.20

P/B ratio 1.07

Past 5Y EPS Growth —

This Y EPS Growth 56.96%

Next Y EPS Growth 31.37%

Next Y revenue growth (98.73%)

Next 5Y EPS Growth 39.32%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 22.65%

10-year low 10-year high

P/S against its own 10 years 43.20%

10-year low 10-year high

P/B against its own 10 years 30.78%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,294	977	930	928
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	6,515	6,531	7,163	7,780

	2023	2024	2025	Q'26
Payables	7,333	9,068	9,834	10,765
ST’ Debt	—	—	—	—
Other	—	—	—	—
	7,353	9,068	9,834	10,765

Compound Annual Growth %

	10y	5y	3y
Sales	3.14%	23.29%	1.68%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	(22.34%)
Book Value	3.71%	15.68%	8.82%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	337	353	—	—	—
’25	300	331	350	354	1,335
’24	265	278	302	315	1,161
’23	301	300	271	262	1,135
’22	302	342	324	301	1,270
’21	132	226	264	277	899
’20	176	82	105	106	468

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(619)	(573)	—	—	—
’25	(339)	(713)	(771)	(904)	(2,727)
’24	(847)	(932)	(670)	(185)	(2,634)
’23	114	(91)	(345)	(815)	(1,137)
’22	41	191	110	33	376
’21	(51)	84	86	122	240
’20	(216)	162	419	53	418

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(645)	(601)	—	—	—
’25	(352)	(804)	(792)	(919)	(2,867)
’24	(858)	(945)	(682)	(203)	(2,688)
’23	98	(107)	(361)	(826)	(1,196)
’22	19	175	93	19	306
’21	(58)	75	76	112	205
’20	(228)	154	414	47	387

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.44	0.50	—	—	—
’25	0.10	0.33	0.37	0.35	1.16
’24	0.11	0.13	0.13	0.08	0.45
’23	0.13	0.09	0.05	0.09	0.36
’22	0.39	1.73	0.41	0.22	2.79
’21	(0.49)	0.09	0.26	0.27	0.18
’20	(0.56)	(0.87)	(0.38)	(0.29)	(2.63)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	17.20	16.45	12.30	10.89	4.32	9.26	8.24	4.73	7.48	7.90	Analyst estimates 2026–2028 Powerpack
	High	56.25	33.93	22.75	18.85	13.67	49.21	26.87	10.92	18.75	20.94
People
People	Employees	1,530	1,837	1,768	1,538	1,030	1,384	1,585	1,025	1,002	1,075
	Revenue/emp, $m	0.78	0.64	0.67	0.65	0.45	0.65	0.80	1.11	1.16	1.24
Income, $m
Income, $m	Revenue	1,192	1,177	1,181	1,006	468	899	1,270	1,135	1,161	1,335
	Gross margin, %	42.26	51.44	67.35	75.41	67.90	91.10	93.50	76.15	67.79	74.84
	EBT	(150)	(153)	(128)	(31)	(188)	18	153	55	65	177
	EBT margin, %	(12.60)	(13.04)	(10.85)	(3.07)	(40.05)	2.05	12.05	4.81	5.60	13.26
	Net income	(146)	(154)	(128)	(31)	(188)	19	290	39	51	136
	Depreciation	67	46	90	62	54	44	44	47	59	63
Per share, $
Per share, $	Revenue	15.37	14.39	13.96	11.53	6.01	9.22	12.26	10.47	10.39	11.65
	Earnings	(1.90)	(1.90)	(1.50)	(0.35)	(2.63)	0.19	2.80	0.36	0.46	1.18
	Cash flow	0.01	(7.01)	(7.56)	(3.10)	5.36	2.46	3.63	(10.48)	(23.58)	(23.79)
	Capex	(0.67)	(0.55)	(0.63)	(0.58)	(0.40)	(0.35)	(0.67)	(0.55)	(0.49)	(1.22)
	Free cash flow	(0.66)	(7.56)	(8.19)	(3.68)	4.96	2.11	2.96	(11.03)	(24.06)	(25.02)
	Book value	12.58	11.34	10.30	10.31	9.29	8.72	11.24	11.54	12.01	13.09
	Shares, m	78	82	85	87	78	97	104	108	112	115
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	142.24	3.02	24.06	35.20	16.05
	P/S	1.76	1.49	0.94	1.10	1.76	2.62	0.69	0.83	1.56	1.63
	P/B	2.15	1.89	1.28	1.22	1.14	2.77	0.75	0.75	1.35	1.45
	EV/Sales	4.81	3.48	2.40	2.27	1.77	2.03	(0.15)	(0.30)	0.73	0.94
	EV/FCF	(111.69)	(6.63)	(4.09)	(7.11)	2.15	8.87	(0.63)	0.28	(0.32)	(0.44)
Cash, $m
Cash, $m	Operating cash flow	1	(573)	(640)	(271)	418	240	376	(1,137)	(2,634)	(2,727)
	Capex	(52)	(45)	(53)	(51)	(31)	(34)	(69)	(60)	(54)	(140)
	Free cash flow	(51)	(618)	(693)	(321)	387	205	306	(1,196)	(2,688)	(2,867)
Balance, $m
Balance, $m	Working capital	4,915	3,937	3,214	2,183	1,332	997	454	(838)	(2,538)	(2,671)
	Total debt	4,321	2,987	2,365	1,669	637	230	55	10	—	—
	Net debt	3,627	2,343	1,721	1,182	8	(534)	(1,069)	(1,294)	(977)	(930)
	Shareholders’ equity	976	928	871	900	724	850	1,164	1,252	1,342	1,500
Returns, %
Returns, %	ROA	(2.57)	(3.02)	(3.03)	(0.90)	(7.74)	0.55	4.50	0.46	0.53	1.22
	ROIC	(2.04)	(2.93)	(3.09)	(0.93)	(16.01)	3.64	100.43	0.00	11.16	19.40
	ROE	(14.47)	(16.16)	(14.27)	(3.47)	(23.09)	2.36	28.76	3.22	3.96	9.55

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DCOM Dime Community Bancshares, Inc.	$1.7B	14.0×	11.2×	+4.11% (above 0%: growing)	+17.19% (above 0%: growing)	+159.40% (above 0%: growing)	67.80%	0.00%	Compare
HOPE Hope Bancorp, Inc.	$1.7B	13.4×	11.8×	+17.99% (above 0%: growing)	n/m	+727.66% (above 0%: growing)	57.96%	0.00%	Compare
STBA S&T Bancorp, Inc.	$1.7B	12.9×	12.2×	+0.36% (above 0%: growing)	+22.89% (above 0%: growing)	−0.50% (below 0%: shrinking)	73.64%	0.00%	Compare
HAPN Happen Inc.	$1.7B	8.5×	9.8×	+6.49% (above 0%: growing)	+51.52% (above 0%: growing)	+25.25% (above 0%: growing)	74.51%	0.00%
BY Byline Bancorp, Inc.	$1.7B	11.2×	10.4×	+1.37% (above 0%: growing)	+36.36% (above 0%: growing)	−32.50% (below 0%: shrinking)	73.03%	0.00%	Compare
FSUN FirstSun Capital Bancorp	$1.7B	19.0×	15.3×	+88.18% (above 0%: growing)	n/m	+8,383.96% (above 0%: growing)	67.96%	0.00%	Compare
NBHC National Bank Holdings Corporation	$1.7B	15.9×	13.3×	+22.58% (above 0%: growing)	−34.83% (below 0%: shrinking)	+394.28% (above 0%: growing)	71.00%	0.00%	Compare
TCBK TriCo Bancshares	$1.7B	12.4×	12.0×	+4.33% (above 0%: growing)	+27.38% (above 0%: growing)	−17.30% (below 0%: shrinking)	80.35%	0.00%	Compare
BFC Bank First National Corporation	$1.6B	19.2×	15.0×	+44.08% (above 0%: growing)	+29.24% (above 0%: growing)	+152.03% (above 0%: growing)	75.87%	0.00%	Compare
Median of peers	$1.7B	13.7×	12.1×	+11.16%	+25.13%	+155.72%	72.02%	0.00%

All 323 Banks Regional stocks →

Happen Inc. (HAPN) key facts

Strength: Happen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 15.0% from fiscal 2024.
Happen Inc. (HAPN) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, HAPN traded at $14.49, a market capitalization of $1.7 billion.
Return on equity was 9.55% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.