HAPN Stock Analysis: Happen, Common Stock | US
Banks - Regional | US, USA | Market Cap: 2.271m USD | 12M Return: 59.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 44.6M
Rev. Trend: 60.1%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Happen, Inc. (HAPN) is a U.S. bank holding company that provides a range of financial products and services. Its offerings include deposit products such as savings accounts, checking accounts, and certificates of deposit, alongside a diversified lending portfolio covering patient and education finance loans, commercial loans (including small business loans), consumer loans (unsecured, fixed-rate, and fixed-term), and secured auto refinance loans. The company also operates a digital lending marketplace platform, distinguishing it from traditional regional banks.
The company was incorporated in 2006 and is headquartered in San Francisco, California. It was formerly known as LendingClub Corporation and rebranded to Happen, Inc. in June 2026. As a marketplace lender that has transitioned into a bank holding company structure, Happen combines a technology-driven origination model with traditional regulated banking activities such as deposit gathering and commercial lending. It is classified within the regional banks segment of the financial services sector.
- Net interest margin compresses as Fed cuts rates
- Consumer loan originations grow amid rising credit loss provisions
- Deposit growth and lending marketplace platform loan volume expand
| Net Income: 175.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.26 > 0.02 and ΔFCF/TA -0.82 > 1.0 |
| NWC/Revenue: 74.21% < 20% (prev 112.1%; Δ -37.92% < -1%) |
| CFO/TA -0.25 > 3% & CFO -3.01b > Net Income 175.6m |
| Net Debt (-789.5m) to EBITDA (632.1m): -1.25 < 3 |
| Current Ratio: 10.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (115.5m) vs 12m ago 1.14% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 9.22% > 50% (prev 7.51%; Δ 1.71% > 0%) |
| Interest Coverage Ratio: 1.67 > 6 (EBIT TTM 567.3m / Interest Expense TTM 338.7m) |
| A: 0.06 (Total Current Assets 849.9m - Total Current Liabilities 83.0m) / Total Assets 11.9b |
| B: -0.01 (Retained Earnings -150.2m / Total Assets 11.9b) |
| C: 0.05 (EBIT TTM 567.3m / Avg Total Assets 11.2b) |
| D: 0.15 (Book Value of Equity 1.52b / Total Liabilities 10.4b) |
| Altman-Z'' = 0.87 = B |
| DSRI: 0.87 (Receivables 45.0m/39.5m, Revenue 1.03b/787.0m) |
| GMI: 1.0 (GM 100.0% / 100.0%) |
| AQI: 1.01 (AQ_t 0.91 / AQ_t-1 0.89) |
| SGI: 1.31 (Revenue 1.03b / 787.0m) |
| TATA: 0.27 (NI 175.6m - CFO -3.01b) / TA 11.9b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of July 08, 2026, the stock is trading at USD 19.49 with a total of 2,224,254 shares traded. Over the past week, the price has changed by -4.74%, over one month by +13.91%, over three months by +34.41% and over the past year by +59.10%.
Current recommended Stop Loss: 18.20 (which is 6.6% or 1.5 ATR below the current price).
Happen, Common Stock has no consensus analysts rating.
P/E Trailing = 13.1267
P/E Forward = 12.1212
P/S = 1.6553
P/B = 1.5551
Revenue TTM = 1.03b USD
EBIT TTM = 567.3m USD
EBITDA TTM = 632.1m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 12.5m USD (Leases only: 12.5m)
Net Debt = -789.5m USD (calculated: Debt 12.5m - CCE 801.9m)
Enterprise Value = 1.48b USD (2.27b + Debt 12.5m - CCE 801.9m)
Interest Coverage Ratio = 1.67 (Ebit TTM 567.3m / Interest Expense TTM 338.7m)
EV/FCF = -0.47x (Enterprise Value 1.48b / FCF TTM -3.16b)
FCF Yield = -213.2% (FCF TTM -3.16b / Enterprise Value 1.48b)
FCF Margin = -305.8% (FCF TTM -3.16b / Revenue TTM 1.03b)
Net Margin = 16.99% (Net Income TTM 175.6m / Revenue TTM 1.03b)
Gross Margin = unknown ((Revenue TTM 1.03b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.12 (Enterprise Value 1.48b / Total Assets 11.9b)
Interest Expense / Debt = 2.71k% (Interest Expense 338.7m / Debt 12.5m)
Taxrate = 23.17% (53.0m / 228.6m)
NOPAT = 435.9m (EBIT 567.3m * (1 - 23.17%))
Current Ratio = 10.23 (Total Current Assets 849.9m / Total Current Liabilities 83.0m)
Debt / Equity = 0.01 (Debt 12.5m / totalStockholderEquity, last quarter 1.52b)
Debt / EBITDA = -1.25 (Net Debt -789.5m / EBITDA 632.1m)
Debt / FCF = 0.25 (negative FCF - burning cash) (Net Debt -789.5m / FCF TTM -3.16b)
Total Stockholder Equity = 1.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.57% (Net Income 175.6m / Total Assets 11.9b)
RoE = 11.92% (Net Income TTM 175.6m / Total Stockholder Equity 1.47b)
RoCE = 4.78% (EBIT 567.3m / Capital Employed (Total Assets 11.9b - Current Liab 83.0m))
RoIC = 5.13% (EBIT 567.3m / (Assets 11.9b - Curr.Liab 83.0m - Cash 801.9m))
WACC = 12.68% (E(2.27b)/V(2.28b) * Re(12.75%) + (debt cost/tax rate unavailable))
Discount Rate = 12.75% (= CAPM, Blume Beta Adj.)
[DCF] Fair Price = unknown (Cash Flow -3.16b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 60.10 | Revenue CAGR: 7.48% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.44 | Chg30d=+0.00% | Revisions=-70% | Analysts=7
EPS current Year (2026-12-31): EPS=1.75 | Chg30d=+0.00% | Revisions=+22% | GrowthEPS=+50.4% | GrowthRev=+6.2%
EPS next Year (2027-12-31): EPS=2.30 | Chg30d=+0.00% | Revisions=+12% | GrowthEPS=+31.8% | GrowthRev=+15.7%
[Analyst] Revisions Ratio: -19% (up=7, down=11)