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MARKETS / NASDAQ / Financials / Credit / HAPN
NASDAQ · PERSONAL CREDIT INSTITUTIONS · LARGE CAP

Happen, Inc. HAPN

15 fiscal years on record · USD · FY2025 reported · SEC filings only
$998.8M
▲ 26.9% YoY
$135.7M
▲ 164.3% YoY
$-2.9B

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

LendingClub operates a nationally chartered digital bank that serves creditworthy U.S. consumers who make frequent use of credit. Its branchless, mobile-first platform enables members to apply for and manage lending and banking products digitally. It focuses on high-demand areas of lending, including personal loans, auto refinance, and point-of-sale financing for major purchases. For consumer depositors, it offers FDIC-insured deposit products, including high-yield savings accounts, checking accounts, and certificates of deposit. Its consumer loans are either retained by LendingClub Bank or sold to marketplace investors through its loan marketplace. The Company and its consolidated subsidiaries had 1,075 employees as of December 31, 2025, all located in the United States. Since its founding in 2006, more than five million individuals have become members and more than $100 billion of loans have been originated through its platform.

Written from the business description in Happen, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth

USD 998.8M
Revenue, FY2025 · full 15-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.0 · Net income 0.1
0.5B1.0B-0.1B-0.2B
201020142017202020232025
Compound annual growth
−5.6%
+25.7%
+8.8%
−22.3%
−25.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

14 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 17.7% · Net 13.6%
10%20%-50%-100%-150%
201020182025
ROE
FY2025 · ROE 9.5%
10%20%-20%-40%-60%
201020182025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin17.7%
Net margin13.6%
EBITDA·

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -2.9
0.1B0.3B-1.5B-3.0B
201020182025
Net buybacks $M Dividends $M
FY2022 · Dividends 0.0 · Net buybacks ·
20M40M-10M-20M
201420152016201720182019202020212022
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises·

Total assetsUSD 11.6B
EquityUSD 1.5B
CashUSD 930.4M
Gross debtUSD 0.00
Net debtUSD -930.4M
DepositsUSD 9.8B

The company holds more cash than debt.

The 15-year record

15 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
HAPN, 15-year financial record
Metric 202520242023202220212020201920182017201620152014201320112010
Revenue $B1.00.80.91.20.80.30.80.70.60.50.40.20.10.00.0
Operating income $B0.20.10.10.20.0−0.2−0.0−0.1−0.2−0.2−0.0◌◌◌◌
EBITDA $B◌0.10.10.20.1−0.10.0−0.1−0.1−0.10.0◌◌◌◌
Income tax $B0.00.00.0−0.1−0.0−0.0−0.00.00.0−0.00.00.00.0◌◌
Net income $B0.10.10.00.30.0−0.2−0.0−0.1−0.2−0.1−0.0−0.00.0−0.0−0.0
Free cash flow $B−2.9−2.7−1.20.30.20.4−0.3−0.7−0.6−0.10.00.0−0.0−0.0−0.0
EPS, diluted $1.160.450.362.790.18◌−0.35−1.52−1.88−0.38−0.01−0.440.00−1.36−1.32
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %———00−27−0−0———————
ROE %9.54.03.228.82.4−23.1−3.5−14.3−16.2−14.5−0.5−6.310.7−46.1−77.0
Shares out B0.120.110.110.110.100.090.090.430.420.400.380.380.010.010.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 42 reconciliationsAUDITED

Reconciled in 15 of the 15 fiscal years we could check. Four checks were skipped: the share count is not tagged before 2011. Three checks were skipped: the balance sheet is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPersonal Credit Institutions
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2010

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