Happen, Inc. HAPN

Financials SIC 6141 - Personal Credit Institutions NAICS Finance and Insurance › Credit Intermediation and Related Activities › Nondepository Credit Intermediation › Other Nondepository Credit Intermediation › Consumer Lending derived Nasdaq

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.

Last close 14.09 2026-10-23
Market cap $1.63B 2026-06-30 share count
52-week range 13.88 - 21.25

Valuation FY2025 figures against the last close

P/S1.7x
P/E12.1x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS1.16

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $961.5M$908.0M$832.6M$557.3M$292.8M$209.7M$345.3M$694.8M$574.5M$500.8M
R&D —————$139.1M$168.4M$155.3M$142.3M$115.4M
SG&A —————$213.0M$238.3M$228.6M$191.7M$207.2M
Total operating expenses —————$502.3M$789.5M$822.9M$728.0M$651.0M
Interest expense $335.9M$373.9M$270.8M$82.5M$80.0M$150.4M$247.3M$385.6M$571.4M$688.4M
Pre-tax income $176.9M$65.1M$54.6M$153.0M$18.4M-$187.6M-$30.9M-$128.3M-$153.2M-$150.2M
Income tax $41.3M$13.7M$15.7M$136.6M$136.0K$79.0K$201.0K$43.0K$632.0K$4.2M
Net income $135.7M$51.3M$38.9M$289.7M$18.6M-$187.5M-$30.7M-$128.3M-$153.8M-$146.0M
EPS, basic 1.180.460.362.80——-0.35-1.52-1.88-0.38
EPS, diluted 1.160.450.362.790.18—-0.35-1.52-1.88-0.38
Shares, diluted (wtd. avg.) 117.2M113.1M108.5M104.0M102.1M—87.3M84.6M81.8M387.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $930.4M$977.4M$1.29B$1.12B$763.6M$628.5M$487.1M$644.1M$644.3M$693.4M
Property, plant and equipment $254.1M$167.5M$161.5M$136.5M$98.0M$96.6M$114.4M$113.9M$101.9M$89.3M
Goodwill $75.7M$75.7M$75.7M$75.7M$75.7M$0$0$0$35.6M$35.6M
Other intangibles $7.4M$8.6M$12.1M$16.3M$21.2M$11.4M$14.5M$18.0M$21.9M$26.2M
Total assets $11.57B$10.63B$8.83B$7.98B$4.90B$1.86B$2.98B$3.82B$4.64B$5.56B
Short-term debt ———$2.6M$27.8M$105.0M————
Long-term debt $0$0$19.4M———————
Total liabilities $10.07B$9.29B$7.58B$6.82B$4.05B$1.14B$2.08B$2.95B$3.71B$4.59B
Retained earnings -$201.8M-$337.5M-$388.8M-$427.7M-$717.4M-$786.2M-$548.5M-$517.7M-$389.4M-$234.2M
Total equity $1.50B$1.34B$1.25B$1.16B$850.2M$724.2M$900.2M$871.0M$927.8M$975.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$2.73B-$2.63B-$1.14B$375.6M$239.9M$418.0M-$270.6M-$639.7M-$573.4M$545.0K
Depreciation and amortisation —$58.8M$47.2M$43.8M$44.3M$54.0M$62.2M$54.8M$46.2M$29.9M
Stock-based compensation $34.3M$40.1M$52.4M$66.4M$66.8M$61.5M$73.6M$75.1M$71.0M$69.2M
Capital expenditure $140.3M$54.3M$59.5M$69.5M$34.4M$31.1M$50.7M$53.0M$44.6M$51.8M
Investing cash flow $1.93B$607.8M$516.7M-$2.81B-$454.4M$565.8M$653.8M$878.7M$998.6M-$325.9M
Financing cash flow $747.8M$1.71B$789.6M$2.80B$349.6M-$842.4M-$540.1M-$239.2M-$474.3M$314.5M
Dividends paid ———$0$0$50.2M$0$0——
Buybacks ——————$0$0$0$19.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-015923.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2016: 500.8M Net income, FY2016: -146M Revenue, FY2017: 574.5M Net income, FY2017: -153.8M Revenue, FY2018: 694.8M Net income, FY2018: -128.3M Revenue, FY2019: 345.3M Net income, FY2019: -30.7M Revenue, FY2020: 209.7M Net income, FY2020: -187.5M Revenue, FY2021: 292.8M Net income, FY2021: 18.6M Revenue, FY2022: 557.3M Net income, FY2022: 289.7M Revenue, FY2023: 832.6M Net income, FY2023: 38.9M Revenue, FY2024: 908M Net income, FY2024: 51.3M Revenue, FY2025: 961.5M Net income, FY2025: 135.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $500.8M $574.5M $694.8M $345.3M $209.7M $292.8M $557.3M $832.6M $908.0M $961.5M
Gross profit — — — — — — — — — —
Net income -$146.0M -$153.8M -$128.3M -$30.7M -$187.5M $18.6M $289.7M $38.9M $51.3M $135.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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