Happen Inc.

HAPN Financial Banks Regional

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%
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

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% (at or above 15%: strong)
Next Y EPS Growth 31.37% (at or above 15%: strong)
Next Y revenue growth (98.73%) (below 0%: weak)
Next 5Y EPS Growth 39.32% (at or above 15%: strong)

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Happen Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

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.

Happen Inc. (HAPN) Latest News

stockrow.com/HAPN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com