Filing Flows › Happen (HAPN) › Q1 2025
Happen (HAPN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Happen (HAPN) reported revenue of $218M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +0.2% from the quarter before. Operating margin was 7.2%, net earnings $11.7M (5.4% of revenue).
Happen, Q1 2025: revenue $218M (+20% year over year), operating margin 7.2%, net earnings $11.7M, operating cash flow −$339M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $218M | +0.2% | +20% |
| Operating profit | $15.7M | +41% | -5% |
| Net earnings | $11.7M | +20% | -5% |
| Operating cash flow | −$339M | — | — |
What changed
Revenue was $217.7M in Q1 2025, up 20% year over year and roughly flat from the previous quarter.
Operating profit was $15.7M, a 7.2% margin (down 1.9 points year over year). Operating profit fell $833K even though revenue rose $37.0M versus a year earlier, so costs grew faster than sales. Total costs grew 23% against revenue growth of 20%. Net earnings were $11.7M, down 5% year over year. The effective tax rate was 25.6%.
Operating cash flow was −$339.3M. Non-cash charges added back $13.9M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items used $373.4M. Capital expenditures of $13.1M exceeded it, leaving free cash flow of −$352.3M.
Questions
What was Happen's revenue in the first quarter 2025?
Happen (HAPN) reported revenue of $218M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +0.2% from the quarter before.
Was Happen profitable in the first quarter 2025?
Operating profit was $15.7M (7.2% of revenue) and net earnings $11.7M.
Source: Happen 10-Q on SEC EDGAR.