MARKETS / NASDAQ / HAPN

NASDAQ · PERSONAL CREDIT INSTITUTIONS · LARGE CAP

Happen, Inc. HAPN

15 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$998.8M

▲ 26.9% YoY

Net income

$135.7M

▲ 164.3% YoY

Free cash flow

$-2.9B

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

Compound annual growth

Revenue

−5.6%

+25.7%

+8.8%

+40.0%

Net income

−22.3%

EPS, diluted

−25.4%

3 yrs

5 yrs

10 yrs

15 yrs

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

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%

ROE

FY2025 · ROE 9.5%

Gross margin—

Operating margin17.7%

Net margin13.6%

Return on assets1.2%

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

Net buybacks $M Dividends $M

FY2022 · Dividends 0.0 · Net buybacks —

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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011	2010
Revenue $B	1.0	0.8	0.9	1.2	0.8	0.3	0.8	0.7	0.6	0.5	0.4	0.2	0.1	0.0	0.0
Operating income $B	0.2	0.1	0.1	0.2	0.0	−0.2	−0.0	−0.1	−0.2	−0.2	−0.0	·	·	·	·
EBITDA $B	·	0.1	0.1	0.2	0.1	−0.1	0.0	−0.1	−0.1	−0.1	0.0	·	·	·	·
Income tax $B	0.0	0.0	0.0	−0.1	−0.0	−0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	·	·
Net income $B	0.1	0.1	0.0	0.3	0.0	−0.2	−0.0	−0.1	−0.2	−0.1	−0.0	−0.0	0.0	−0.0	−0.0
Free cash flow $B	−2.9	−2.7	−1.2	0.3	0.2	0.4	−0.3	−0.7	−0.6	−0.1	0.0	0.0	−0.0	−0.0	−0.0
EPS, diluted $	1.16	0.45	0.36	2.79	0.18	·	−0.35	−1.52	−1.88	−0.38	−0.01	−0.44	0.00	−1.36	−1.32
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	0	0	−27	−0	−0	·	·	·	·	·	·	·
ROE %	9.5	4.0	3.2	28.8	2.2	−20.8	−3.5	−14.3	−16.2	−14.5	−0.5	−6.3	10.7	−46.1	−77.0
Shares out B	0.12	0.11	0.11	0.11	0.10	0.09	0.09	0.09	0.42	0.40	0.38	0.38	0.37	0.01	0.01

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

Provenance

Company facts, as filed

How we verify · 0 failures in 42 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityPersonal Credit Institutions

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2010