YOLFTbeta
Happen, Inc. Common Stock

Happen, Inc. Common Stock

HAPN · NASDAQ · Financial Services / Banks - Regional

15.53USD+0.26 (+1.70%)

Price History

Full chart

Market Stats

Previous Close15.27
Open15.27
Day Range15.16 – 15.60
52-Week Range13.05 – 21.67
Volume1.21M
Market Cap1.77B
P/E (TTM)9.08
Forward P/E6.52
EPS1.69
Dividend Yield0.00%
Beta1.87
50-Day Avg18.16
200-Day Avg17.57

About

Happen, Inc. operates as a bank holding company that provides financial and lending services in the United States. The company offers deposit products, including savings accounts, checking accounts, money market accounts, and certificates of deposit; consumer loan products, such as unsecured loans, fixed-rate and fixed-term consumer loans, major purchase finance, and auto refinance; personal loans for credit card refinancing and debt consolidation; financing for health and wellness; and balance transfer, credit card and debt consolidation, emergency, funeral, home improvement, moving, small, and wedding loans. It also provides commercial lending, including small business and SBA loans. In addition, the company operates a lending marketplace platform. It serves individual consumers and small businesses. The company was formerly known as LendingClub Corporation and changed its name to Happen, Inc. in June 2026. Happen, Inc. was incorporated in 2006 and is headquartered in San Francisco, California.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Scott C. Sanborn
  • Employees1.07K
  • Headquarters88 Kearny Street, San Francisco, CA, United States, 94108, USA
  • Websitehttps://www.happen.com

Leadership

  • Mr. Scott C. SanbornCEO & Director · b. 1969
  • Mr. Andrew LaBenneChief Financial Officer · b. 1974
  • Mr. Jordan ChengGeneral Counsel & Corporate Secretary · b. 1975
  • Mr. Steven C. MatticsChief Lending Officer · b. 1969
  • Ms. Anna GreenwaldChief Operations Officer · b. 1978
  • Mr. Fergal StackPrincipal Accounting Officer & Corporate Controller
  • Ms. Monica KhuranaChief Information Officer
  • Mr. Artem NalivaykoVP and Head of FP&A and Investor Relations
  • Mr. Mark ElliotChief Customer Officer · b. 1970
  • Mr. Justin GibsonChief Audit Executive

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue42.73M267.47M530.42M918.35M1.11B1.06B981.04M979.20M455.22M898.63M1.27B1.14B1.16B1.33B
Growth (%)-+525.99%+98.31%+73.14%+21.35%-4.97%-7.37%-0.19%-53.51%+97.41%+41.30%-10.58%+2.25%+14.97%
Cost of Revenue32.03M187.45M356.62M549.74M688.37M571.42M385.61M247.30M153.75M218.80M349.84M514.36M552.18M470.96M
Gross Profit10.70M80.02M173.80M368.61M426.05M487.65M595.44M731.90M301.47M679.83M919.89M621.05M608.74M863.75M
Gross Margin25.04%29.92%32.77%40.14%38.23%46.04%60.69%74.74%66.23%75.65%72.45%54.70%52.44%64.71%
Operating Expense22.64M72.72M205.31M370.77M576.25M641.06M723.55M762.79M489.09M661.39M766.85M566.44M543.68M530.06M
Operating Income-11.94M7.31M-31.50M-2.16M-150.20M-153.41M-128.11M-30.89M-187.62M18.44M153.04M54.62M65.07M333.69M
Operating Margin-27.95%2.73%-5.94%-0.24%-13.48%-14.49%-13.06%-3.15%-41.21%2.05%12.05%4.81%5.60%25.00%
EBITDA-11.79M8.97M-21.25M19.42M-120.31M-107.20M-73.35M31.26M-133.59M62.73M196.87M101.81M118.37M369.90M
EBITDA Margin-27.60%3.35%-4.01%2.11%-10.80%-10.12%-7.48%3.19%-29.35%6.98%15.50%8.97%10.20%27.71%
Net Income-11.94M7.31M-32.89M-5.00M-145.97M-153.84M-128.31M-30.75M-187.54M18.58M289.69M38.94M51.33M135.68M
Net Income Margin-27.95%2.73%-6.20%-0.54%-13.10%-14.53%-13.08%-3.14%-41.20%2.07%22.81%3.43%4.42%10.17%
Interest Expense32.03M187.45M356.62M549.74M688.37M571.42M385.61M247.30M150.37M80.00M82.52M270.79M373.92M335.87M
Interest Expense % of Total Revenue74.96%70.08%67.23%59.86%61.77%53.96%39.31%25.26%33.03%8.90%6.50%23.85%32.21%25.16%

Balance Sheet

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets403.33M1.94B3.89B5.79B5.56B4.64B3.82B2.98B1.86B4.90B7.98B8.83B10.63B11.57B
Total Liabilities451.80M1.88B2.92B4.75B4.59B3.71B2.95B2.08B1.14B4.05B6.82B7.58B9.29B10.07B
Total Equity-48.47M68.09M973.22M1.04B975.77M922.50M869.20M900.19M724.17M850.24M1.16B1.25B1.34B1.50B
Cash32.20M49.49M870.44M624.40M515.60M401.72M372.97M243.78M524.96M687.13M1.06B1.25B954.06M917.65M
Total Debt361.16M1.84B2.81B4.57B4.32B3.33B3.08B2.41B989.11M429.99M210.19M57.22M28.50M15.83M
Net Debt328.96M1.79B1.94B3.95B3.81B2.93B2.71B2.17B464.15M-257.13M-846.84M-1.20B-925.56M-901.83M

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-11.09M1.14M49.92M74.74M545.00K-573.39M-639.74M-270.64M418.03M239.87M375.57M-1.14B-2.63B-2.73B
Investing Cash Flow-218.81M-1.12B-1.26B-2.41B-325.88M998.57M878.74M653.77M565.77M-454.41M-2.81B516.70M607.81M1.93B
Financing Cash Flow247.80M1.12B2.03B2.09B314.48M-474.31M-239.23M-540.06M-842.44M349.64M2.80B789.57M1.71B747.82M
Capital Expenditure383.00K10.44M20.57M39.39M51.84M44.62M52.98M50.67M31.15M34.41M69.48M59.51M54.30M140.34M
Free Cash Flow-11.47M-9.30M29.35M35.35M-51.30M-618.00M-692.72M-321.31M386.88M205.46M306.09M-1.20B-2.69B-2.87B
Dividends Paid--------50.20M-0---
FCF to OCF103.45%-816.15%58.79%47.30%-9412.29%107.78%108.28%118.72%92.55%85.65%81.50%105.24%102.06%105.15%
Dividend Paid to FCF--------12.98%-0.00%---

Earnings

Report DateFeb 25, 2015May 5, 2015Aug 4, 2015Oct 29, 2015Feb 11, 2016May 9, 2016Aug 8, 2016Nov 7, 2016Feb 14, 2017May 4, 2017Aug 7, 2017Nov 7, 2017Feb 20, 2018May 8, 2018Aug 7, 2018Nov 6, 2018Feb 19, 2019May 7, 2019Aug 6, 2019Nov 5, 2019Feb 18, 2020May 5, 2020Aug 4, 2020Nov 4, 2020Mar 11, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Jan 26, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 30, 2024Apr 30, 2024Jul 30, 2024Oct 23, 2024Jan 28, 2025Apr 29, 2025Jul 29, 2025Oct 22, 2025Jan 28, 2026Apr 27, 2026Jul 27, 2026Oct 28, 2026
EPS Estimate-0.050.070.120.190.24-0.27-0.33-0.16-0.17-0.080.140.10-0.030.090.110.11-0.20-0.100.020.04-0.06-0.54-0.56--0.79-0.390.130.220.270.400.320.220.070.030.040.010.030.040.080.090.110.150.310.340.360.420.47
EPS Actual-0.120.100.150.200.250.25-0.45-0.20-0.10-0.10-0.050.150.050.050.150.150.17-0.15-0.010.090.08-0.44-0.60-0.25-0.29-0.400.110.260.270.390.450.360.190.130.090.050.090.110.130.130.080.100.330.370.350.440.50-
Surprise-100.00%114.29%66.67%31.58%4.17%-66.67%39.39%37.50%41.18%37.50%7.14%-50.00%266.67%66.67%36.36%54.55%25.00%90.00%350.00%100.00%-633.33%-11.11%55.36%-49.37%128.21%100.00%22.73%44.44%12.50%12.50%-13.64%85.71%200.00%25.00%800.00%266.67%225.00%62.50%-11.11%-9.09%120.00%19.35%2.94%22.22%19.05%-
Timing-After-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap1.77B
Enterprise Value870.11M
Trailing P/E9.08
Forward P/E6.52
Price / Sales1.27
Price / Book1.18
EPS1.69
Book Value13.58
Revenue (TTM)1.39B
Gross Profit (TTM)586.46M
EBITDA315.64M
Profit Margin14.03%
Operating Margin21.45%
Return on Equity13.16%
Return on Assets1.34%
Shares Outstanding115.41M
Shares Float111.65M
Beta1.87
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
92.19%
Insiders
3.08%
Retail / Other
4.73%

Top Institutional Holders

  • Wellington Management Company LLP
    15.28M13.24%
  • BlackRock Inc
    9.59M8.31%
  • Vanguard Portfolio Management, LLC
    7.63M6.61%
  • Dimensional Fund Advisors, Inc.
    6.29M5.45%
  • Vanguard Capital Management, LLC
    4.91M4.25%
  • RIMA MANAGEMENT, LLC
    4.55M3.94%
  • Fuller & Thaler Asset Management Inc
    3.42M2.96%
  • American Century Companies Inc
    3.15M2.73%
  • Geode Capital Management, LLC
    3.12M2.70%
  • State Street Corp
    2.89M2.51%
  • Point72 Asset Management, L.P.
    2.75M2.38%
  • Westfield Capital Management Company, L.P.
    2.50M2.17%
  • T. Rowe Price Investment Management,Inc.
    2.09M1.81%
  • Driehaus Capital Management LLC
    2.01M1.74%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    3.49M3.02%
  • Avantis US Small Cap Value ETF
    3.03M2.63%
  • iShares Russell 2000 ETF
    2.96M2.57%
  • Vanguard Small Cap Index
    2.52M2.18%
  • FullerThaler Behavioral Sm-Cp Gr R6
    2.27M1.97%
  • Vanguard Strategic Equity Inv
    1.94M1.68%

Stock Splits

  • Jul 8, 20191:5