Filing Flows › Financials › Happen (HAPN)
Happen (HAPN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Happen (HAPN) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $263M · 23¢ of every $1 of revenue kept as net profit · operating margin 29.2%
Happen made $263M in Q3 2026 (-1% Y/Y). Operating margin 29.2%, net earnings $59.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $263.2M in Q3 2026, down 1% year over year and roughly flat from the previous quarter.
Operating profit was $76.8M, a 29.2% margin (up 7.7 points year over year). Total costs fell 11% while revenue fell 1%. Net earnings were $59.3M, up 34% year over year. The effective tax rate was 22.8%.
Operating cash flow was −$691.5M. Non-cash charges added back $6.8M of share-based compensation. Working capital and other items used $757.6M. Capital expenditures of $18.2M exceeded it, leaving free cash flow of −$709.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $263M | -1% | 29.2% | $59.3M | −$692M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $263M | +6% | 28.8% | $58.1M | −$573M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $252M | +16% | 26.7% | $51.6M | −$619M |
| Q4 2025 | 10-K | Feb 12, 2026 | $266M | +23% | 18.8% | $41.6M | −$904M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $266M | +32% | 21.5% | $44.3M | −$771M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $248M | +33% | 21.7% | $38.2M | −$713M |
| Q1 2025 | 10-Q | May 1, 2025 | $218M | +20% | 7.2% | $11.7M | −$339M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Happen
LendingClub operates a leading nationally chartered digital bank focused on serving a large and underserved segment of creditworthy U.S. consumers that we refer to as the “motivated middle.” These consumers are digitally capable, value-conscious, and make frequent use of credit to achieve intentional financial goals; however, they are often poorly served by traditional financial institutions due to structural inefficiencies and limited transparency. Our branchless, mobile-first platform enables members to apply for and manage lending and banking products digitally, delivering competitive pricing and a streamlined experience. We focus on high-demand areas of lending where inefficiencies persist, including personal loans, auto refinance, and point-of-sale financing for major purchases.
In its own words, from its 10-K, filed Feb 12, 2026.
Happen against its Personal Credit Institutions peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median +8%. Operating margin: 29.2% against the peers' median 15.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HAPN Happen | Q3 2026 | $263M | -1% | 29.2% |
| OMF OneMain Holdings | Q3 2026 | $1.4B | +10% | 17.2% |
| AFRM Affirm Holdings | Q1 FY27 | $1.3B | +35% | 14.8% |
| BFH Bread Financial Holdings | Q3 2026 | $1.0B | +5% | 20.6% |
| ENVA Enova International | Q3 2026 | $1.0B | +26% | 24.5% |
| ATLC Atlanticus Holdings | Q3 2026 | $776M | +60% | 15.6% |
| CACC Credit Acceptance | Q3 2026 | $595M | +2% | -12.4% |
| RM Regional Management | Q3 2026 | $179M | +8% | 11.1% |
| WRLD World Acceptance | Q2 FY27 | $139M | +3% | 8.4% |
Source: Happen 10-Q on SEC EDGAR · CIK 1409970 · Personal Credit Institutions
13F: who owns HAPN and who is buying
More on HAPN
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results