Filing Flows › Happen (HAPN) › Q2 2025
Happen (HAPN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Happen (HAPN) reported revenue of $248M for the second quarter 2025 (Q2 2025), +33% from a year earlier and +14% from the quarter before. Operating margin was 21.7%, net earnings $38.2M (15.4% of revenue).
Happen, Q2 2025: revenue $248M (+33% year over year), operating margin 21.7%, net earnings $38.2M, operating cash flow −$713M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $248M | +14% | +33% |
| Operating profit | $54.0M | +244% | +178% |
| Net earnings | $38.2M | +227% | +156% |
| Operating cash flow | −$713M | — | — |
What changed
Revenue was $248.4M in Q2 2025, up 33% year over year and up 14% from the previous quarter.
Operating profit was $54.0M, a 21.7% margin (up 11.4 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 10% margin then. Total costs grew 16% against revenue growth of 33%. Net earnings were $38.2M, up 156% year over year. The effective tax rate was 29.3%.
Operating cash flow was −$713.1M. Non-cash charges added back $15.5M of depreciation and amortization and $9.1M of share-based compensation. Working capital and other items used $775.8M. Capital expenditures of $90.7M exceeded it, leaving free cash flow of −$803.8M.
Questions
What was Happen's revenue in the second quarter 2025?
Happen (HAPN) reported revenue of $248M for the second quarter 2025 (Q2 2025), +33% from a year earlier and +14% from the quarter before.
Was Happen profitable in the second quarter 2025?
Operating profit was $54.0M (21.7% of revenue) and net earnings $38.2M.
Source: Happen 10-Q on SEC EDGAR.