Happen, Inc., operates as a bank holding company, that provides range of financial products and services in the United States. [8, 24, ...
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Est. EPS $0.46 · Revenue $275.50M · 4 analysts
Est. EPS $0.45 · Revenue $281.03M · 4 analysts
Est. EPS $1.82 · Revenue $1.07B · 4 analysts
Est. EPS $0.48 · Revenue $282.70M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.3B | +15.0% | +35.1% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $135.7M | +164.3% | +12.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +64.7% | +23.4% | +15.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +25.0% | +346.1% | +900.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +10.2% | +129.9% | -16.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-2.9B | -6.7% | +6.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -214.8% | +7.2% | +31.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 1.1% | -50.3% | -81.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.10x | -79.9% | -98.7% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $11.6B | +8.8% | +5.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.15 vs 1.14 | +1.2% | 0.50 vs 0.46 | +9.3% |
| Revenue Surprise | $1.3B vs $994.5M | +34.2% | $352.8M vs $275.5M | +28.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Sanborn Scott | director, officer: CEO | Common Stock | D | 28,750 | $18.25 |
| Aug 25, 2026 | Stack Fergal | officer: SVP, Corporate Controller | Common Stock | A | 1,569 | — |
| Aug 25, 2026 | Stack Fergal | officer: SVP, Corporate Controller | Common Stock | A | 1,907 | — |
| Aug 25, 2026 | Stack Fergal | officer: SVP, Corporate Controller | Common Stock | D | 2,682 | $18.25 |
| Aug 25, 2026 | Stack Fergal | officer: SVP, Corporate Controller | Common Stock | A | 3,117 | — |
Operator: Good day. Thank you for standing by. Welcome to the Happen, Inc. Second Quarter 2026 Earnings Conference Call. At this time, all participants are listening only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you'll need to press star one one on your telephone. You will hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I'll now hand the conference over to your first speaker today, Artem Nalivayko, Head of Investor Relations. Please go ahead. Artem Nalivayko: Thank you. Good afternoon. Welcome to Happen Inc.'s Second Quarter 2026 Earnings Conference Call. Joining me today to talk about our results are Scott Sanborn, CEO, and Drew LaBenne, CFO. You can find the presentation accompanying our earnings release on the investor relations section of our website. On the call, in addition to questions from analysts, we will also be answering some of the questions that were submitted for consideration via email or through the Say Technologies platform. Our remarks today will include forward-looking statements, including with respect to our competitive advantages, demand for our loans and marketplace products, and future business and financial performance. Our actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are described in today's press release and earnings presentation. Any forward-looking statements that we make on this call are based on current expectations and assumptions, and we undertake no obligation to update these statements as a result of new information or future events. Our remarks also include non-GAAP measures relating to our performance, including tangible book value per common share and return on tangible common equity. You can find more information on our use of non-GAAP measures and a reconciliation to the most directly comparable GAAP measures in today's earnings release and presentation. Please note, all financial comparisons in today's prepared remarks are to the prior year period, unless otherwise noted. Finally, this quarter, we've included a new Meet Happen presentation with our materials. This provides a way for our investors and media to learn who we are, why we're different, and the opportunity that lies ahead of us. We will make this presentation available on our website going forward. Now I'd like to turn the call over to Scott. Scott Sanborn: All right. Thanks, Artem. Welcome, everyone. We delivered another standout quarter, growing loan originations 29% year-over-year to $3.1 billion, delivering record pre-tax income of $76 million, and increasing return on tangible common equity to nearly 16%. We're growing and growing profitably despite the adverse rate environment. Our core business is firing on all …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Scott C. Sanborn | Chief Executive Officer & Director | USD 2,132,613 | Male | 1969 | Active |
Andrew LaBenne | Chief Financial Officer | USD 1,238,739 | Male | 1974 | Active |
Steven C. Mattics | Chief Lending Officer | USD 1,003,530 | Male | 1969 | Active |
Jordan Cheng | General Counsel & Corporate Secretary | USD 850,938 | Male | 1975 | Active |
Mark Elliot | Chief Customer Officer | — | Male | 1970 | Active |
Anna Greenwald | Chief Operations Officer | — | Female | 1978 | Active |
Tina Wilson | Chief People Officer | — | Female | — | Active |
Justin Gibson | Chief Audit Executive | — | Male | — | Active |
Artem Nalivayko | Vice President and Head of FP&A and Investor Relations | — | Male | — | Active |
Monica Khurana | Chief Information Officer | — | Female | — | Active |
Fergal Stack | Principal Accounting Officer & Corporate Controller | — | Male | — | Active |
The consensus price target hints at a 27.9% upside potential for Happen (HAPN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Happen Bank, formerly known as LendingClub, has crushed SoFi's performance this year. The relative stock performance is backed up by financial fundamentals.
Lendingclub Corp (NASDAQ: HAPN - Get Free Report) CEO Scott Sanborn sold 28,750 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $20.56, for a total value of $591,100.00. Following the completion of the sale, the chief executive officer owned 1,478,563 shares of the
Happen Bank, formerly LendingClub, stands out as a compelling mid-cap growth opportunity amid fading AI infrastructure momentum. HAPN's successful rebrand and transition to a full-scale digital bank positions it for differentiated growth uncorrelated to the data center cycle. The company delivered a strong Q2 beat-and-raise, underscoring operational momentum and execution strength.
Happen, Inc. (HAPN) Q2 2026 Earnings Call Transcript
