HAPNNasdaqPersonal Credit InstitutionsFiscal year ends December 31
Happen, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$14.29−0.20 (-1.38%)
Close on Oct 19, 2026
- Market cap
- $1.68B
- P/E (TTM)
- 8.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2025
Net margin
13.6%+72.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +26.9% | -5.6% | +25.7% | +8.8% | |
| Net income | +164.3% | -22.3% | – | – | |
| EPS, diluted | +157.8% | -25.4% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -14.5% | -23.1% | 9.5% | |
| Return on assets | -2.6% | -7.7% | 1.2% | |
| Capex to revenue | 10.4% | 9.8% | 14.1% | |
| Diluted shares | 78M | – | 117M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Happen generated $7.11B from operations and spent $358.05M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$7.11B
Used
$358.05M
Capital expenditure$358.05M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.6%
×Asset turnover0.09×
×Equity multiplier7.81×
=Return on equity, FY20259.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.6% | 0.09× | 7.81× | 9.5% |
| FY2024 | 6.5% | 0.08× | 7.50× | 4.0% |
| FY2023 | 4.5% | 0.10× | 6.96× | 3.2% |
| FY2022 | 24.4% | 0.18× | 6.39× | 28.8% |
| FY2021 | 2.3% | 0.24× | 4.30× | 2.4% |
| FY2020 | -59.0% | 0.13× | 2.98× | -23.1% |
| FY2019 | -4.1% | 0.22× | 3.84× | -3.5% |
| FY2018 | -18.5% | 0.16× | 4.72× | -14.3% |
| FY2017 | -26.8% | 0.11× | 5.38× | -16.2% |
| FY2016 | -29.1% | 0.09× | 5.63× | -14.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$135.68M
- Cash generatingOperating cash flow above zero-$2.73B
- Return on assets improvedROA up on the prior year0.6% → 1.3%
- Earnings backed by cashOperating cash flow above net income-$2.73B vs $135.68M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise113M → 117M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.09 → 0.09