Happen Inc (HAPN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HAPN SEC filings page.
Happen Inc (HAPN) reported $1.0B in revenue over the twelve months to Jun 30, 2026, up 18.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Reported profits are improving, but operations consume cash and the balance sheet remains liability-heavy.
From FY2023 through FY2025, net income stayed positive while operating cash flow remained negative, reaching-$2.7B in FY2025. With free cash flow at-$2.9B despite net income of$135.7M , earnings are not funding cash uses; investing and financing inflows have been needed to partially offset that gap.
The FY2024-to-FY2025 revenue recovery coincided with SG&A rising only from
The reported debt-to-equity ratio fell from 5.9x in FY2022 to 0.0x in FY2024-FY2025, yet total liabilities were about 6.7x equity in FY2025; that ratio does not capture the full financing burden. Interest expense of
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Happen Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Happen Inc earned a return on assets of 1.2% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.5% the prior year. Earnings ranks banks on that return over three years, and Happen Inc scores 45/100 among other banks.
Happen Inc reported revenue of $998.8M in fiscal year 2025, against $787.0M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Happen Inc scores 49/100 among other banks.
Happen Inc funded 13.0% of its assets with shareholders' equity at the end of fiscal year 2025, holding $1.5B of equity against $11.6B of assets. Capital ranks banks on that cushion, and Happen Inc scores 67/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Happen Inc scores 46/100 on it among other banks.
Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Happen Inc scores 3/100 on it among other banks.
Happen Inc reported net income of $135.7M in fiscal year 2025, against $51.3M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Happen Inc scores 21/100 among other banks.
Happen Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Happen Inc reported $135.7M of net income while operations used $2.7B of cash. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
Happen Inc generated $262.9M in revenue in Q2 2026. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is up 4.2%.
Happen Inc reported $58.1M in net income in Q2 2026. This represents an increase of 52.3% from the same quarter a year earlier. Against the prior quarter it is up 12.7%.
Happen Inc earned $0.50 per diluted share (EPS) in Q2 2026. This represents an increase of 51.5% from the same quarter a year earlier. Against the prior quarter it is up 13.6%.
Not reported for Q2 2026.
Cash & Balance Sheet
Happen Inc recorded an outflow of $600.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 25.2% from the same quarter a year earlier. Against the prior quarter it is up 6.8%.
Happen Inc held $928.2M in cash against $0 in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Happen Inc's net profit margin was 22.1% in Q2 2026, showing the share of revenue converted to profit. This is up 6.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.
Happen Inc's ROE was 3.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Happen Inc spent $7.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 38.1%.
Happen Inc invested $28.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 69.2% from the same quarter a year earlier. Against the prior quarter it is up 8.5%.
Not reported for Q2 2026.
HAPN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $262.9M+5.8% | $252.3M+15.9% | $266.5M+22.7% | $266.2M+31.9% | $248.4M+32.7% | $217.7M+20.5% | $217.2M+17.0% | $201.9M+0.5% |
| SG&A Expenses | $68.2M+10.1% | $65.5M+12.2% | $60.6M+3.4% | $60.8M+6.0% | $62.0M+9.6% | $58.4M-2.0% | $58.7M+0.1% | $57.4M-1.9% |
| Interest Expense | $89.9M+8.5% | $85.0M+3.5% | $87.6M-10.8% | $83.4M-16.8% | $82.8M-9.1% | $82.1M-2.8% | $98.2M+27.8% | $100.1M+42.2% |
| Income Tax | $17.5M+10.8% | $15.7M+290.8% | $8.5M+510.6% | $13.0M+265.1% | $15.8M+249.8% | $4.0M-5.9% | $1.4M-60.7% | $3.6M+6.7% |
| Net Income | $58.1M+52.3% | $51.6M+342.1% | $41.6M+329.1% | $44.3M+206.2% | $38.2M+156.2% | $11.7M-4.7% | $9.7M-4.2% | $14.5M+188.7% |
| EPS (Basic) | $0.50+51.5% | $0.45+350.0% | $0.36+300.0% | $0.39+200.0% | $0.33+153.8% | $0.10-9.1% | $0.090.0% | $0.13+160.0% |
| EPS (Diluted) | $0.50+51.5% | $0.44+340.0% | $0.35+337.5% | $0.37+184.6% | $0.33+153.8% | $0.10-9.1% | $0.08-11.1% | $0.13+160.0% |
| Diluted Shares (Avg) | 117M+1.4% | 117M+1.0% | N/A | 118M+3.7% | 116M+3.8% | 116M+5.0% | N/A | 114M+4.4% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
HAPN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.5B+16.5% | $11.9B+13.9% | $11.6B+8.8% | $11.1B+0.3% | $10.8B+12.4% | $10.5B+13.4% | $10.6B+20.4% | $11.0B+30.3% |
| Cash & Equivalents | $928.2M+19.9% | $821.9M-10.7% | $930.4M-4.8% | $845.7M-19.5% | $774.3M-20.1% | $920.2M-16.5% | $977.4M-24.5% | $1.1B-22.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $75.7M0.0% | $75.7M0.0% | $75.7M0.0% | $75.7M0.0% | $75.7M0.0% | $75.7M0.0% | $75.7M0.0% | $75.7M0.0% |
| Total Liabilities | $11.0B+17.2% | $10.4B+14.2% | $10.1B+8.4% | $9.6B-0.9% | $9.4B+12.9% | $9.1B+14.3% | $9.3B+22.6% | $9.7B+33.5% |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | N/A |
| Total Equity | $1.6B+11.5% | $1.5B+11.7% | $1.5B+11.8% | $1.5B+8.9% | $1.4B+9.2% | $1.4B+7.8% | $1.3B+7.2% | $1.3B+11.1% |
| Retained Earnings | -$92.0M+68.0% | -$150.2M+53.9% | -$201.8M+40.2% | -$243.4M+29.9% | -$287.6M+20.5% | -$325.8M+13.5% | -$337.5M+13.2% | -$347.2M+13.0% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
HAPN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$572.9M+19.7% | -$619.0M-82.5% | -$903.8M-387.5% | -$770.8M-15.1% | -$713.1M+23.5% | -$339.3M+59.9% | -$185.4M+77.2% | -$669.8M-94.2% |
| Depreciation & Amortization | N/A | N/A | N/A | $16.9M+26.5% | $15.5M+18.3% | $13.9M+9.8% | $19.7M+65.2% | $13.3M+18.6% |
| Stock-Based Compensation | $7.0M-23.3% | $7.6M-11.1% | N/A | $8.5M-10.9% | $9.1M-4.1% | $8.5M-26.2% | N/A | $9.5M-33.8% |
| Capital Expenditures | $28.0M-69.2% | $25.8M+97.3% | $15.6M-9.5% | $21.0M+68.9% | $90.7M+605.0% | $13.1M+10.9% | $17.2M+52.8% | $12.4M-22.2% |
| Free Cash Flow | -$600.9M+25.2% | -$644.8M-83.0% | -$919.3M-353.8% | -$791.8M-16.1% | -$803.8M+15.0% | -$352.3M+59.0% | -$202.6M+75.5% | -$682.3M-89.0% |
| Investing Cash Flow | $113.5M-66.3% | $182.5M-59.5% | $548.8M+10.2% | $595.9M+200.3% | $337.0M-30.8% | $450.5M+107.7% | $498.1M+11.0% | -$594.1M-282.4% |
| Financing Cash Flow | $565.7M+145.8% | $327.9M+294.8% | $439.7M+214.0% | $246.3M-81.7% | $230.1M-26.4% | -$168.4M-138.4% | -$385.6M-224.4% | $1.3B+929.1% |
| Share Buybacks | $7.8M | $12.6M | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
HAPN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 22.1%+6.8pp | 20.5%+15.1pp | 15.6%+11.1pp | 16.6%+9.5pp | 15.4%+7.4pp | 5.4%-1.4pp | 4.5%-1.0pp | 7.2%+4.7pp |
| Return on Equity | 3.7%+1.0pp | 3.4%+2.5pp | 2.8%+2.0pp | 3.0%+1.9pp | 2.7%+1.6pp | 0.9%-0.1pp | 0.7%-0.1pp | 1.1%+0.7pp |
| Return on Assets | 0.5%+0.1pp | 0.4%+0.3pp | 0.4%+0.3pp | 0.4%+0.3pp | 0.4%+0.2pp | 0.1%0.0pp | 0.1%0.0pp | 0.1%+0.1pp |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.00-7.2x | 0.00-6.4x | 0.00-6.3x | 0.000.0x | 7.22+1.2x |
| Asset Turnover | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x |
| FCF Margin | -228.6% | -255.6% | -345.0% | -297.4% | -323.5% | -161.8% | -93.3% | -338.0% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Where Happen Inc Ranks
Frequently Asked Questions
What is Happen Inc's annual revenue?
Happen Inc (HAPN) reported $998.8M in total revenue for fiscal year 2025. This represents a 26.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Happen Inc's revenue growing?
Happen Inc (HAPN) revenue grew by 26.9% year-over-year, from $787.0M to $998.8M in fiscal year 2025.
Is Happen Inc profitable?
Yes, Happen Inc (HAPN) reported a net income of $135.7M in fiscal year 2025, with a net profit margin of 13.6%.
How much debt does Happen Inc have?
As of fiscal year 2025, Happen Inc (HAPN) had $930.4M in cash and equivalents against $0 in long-term debt.
What is Happen Inc's net profit margin?
Happen Inc (HAPN) had a net profit margin of 13.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Happen Inc's return on equity (ROE)?
Happen Inc (HAPN) has a return on equity of 9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Happen Inc's free cash flow?
Happen Inc (HAPN) recorded an outflow of $2.9B in free cash flow during fiscal year 2025. This represents a -6.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Happen Inc's operating cash flow?
Happen Inc (HAPN) recorded an outflow of $2.7B in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Happen Inc's total assets?
Happen Inc (HAPN) had $11.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Happen Inc's capital expenditures?
Happen Inc (HAPN) invested $140.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Happen Inc's debt-to-equity ratio?
Happen Inc (HAPN) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Happen Inc's return on assets (ROA)?
Happen Inc (HAPN) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Happen Inc's P/E ratio?
Happen Inc (HAPN) trades at 10.5x earnings, its market capitalization divided by net income of $195.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Happen Inc's price-to-sales ratio?
Happen Inc (HAPN) trades at 2.0x sales, its market capitalization divided by revenue of $1.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Happen Inc's Piotroski F-Score?
Happen Inc (HAPN) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Happen Inc's earnings high quality?
Happen Inc (HAPN) reported $135.7M of net income while operations used $2.7B of cash. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Happen Inc?
Happen Inc (HAPN) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.