Filing Flows › Happen (HAPN) › Q1 2026
Happen (HAPN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Happen (HAPN) reported revenue of $252M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -5% from the quarter before. Operating margin was 26.7%, net earnings $51.6M (20.5% of revenue).
Happen, Q1 2026: revenue $252M (+16% year over year), operating margin 26.7%, net earnings $51.6M, operating cash flow −$619M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $252M | -5% | +16% |
| Operating profit | $67.3M | +35% | +329% |
| Net earnings | $51.6M | +24% | +342% |
| Operating cash flow | −$619M | — | — |
What changed
Revenue was $252.3M in Q1 2026, up 16% year over year and down 5% from the previous quarter.
Operating profit was $67.3M, a 26.7% margin (up 19.5 points year over year). Of the extra revenue versus Q1 2025, 149% reached operating profit, above the 7% margin then. Total costs fell 8% while revenue rose 16%. Net earnings were $51.6M, up 342% year over year. The effective tax rate was 23.4%.
Operating cash flow was −$619.0M. Non-cash charges added back $7.6M of share-based compensation. Working capital and other items used $678.2M. Capital expenditures of $25.8M exceeded it, leaving free cash flow of −$644.8M.
Questions
What was Happen's revenue in the first quarter 2026?
Happen (HAPN) reported revenue of $252M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -5% from the quarter before.
Was Happen profitable in the first quarter 2026?
Operating profit was $67.3M (26.7% of revenue) and net earnings $51.6M.
Source: Happen 10-Q on SEC EDGAR.