Happen, Inc.
HAPNFinancial ServicesNASDAQBanks - Regional
Happen, Inc. operates as a bank holding company that provides financial and lending services. Valued at $2.27B, HAPN is a mid-cap name in its sector. The company offers deposit products including savings accounts, checking accounts, and certificates of deposit, and provides consumer loan products such as unsecured loans, fixed-rate and fixed-term loans, secured auto refinance loans, personal loans for credit card refinancing and debt consolidation, and financing for health and wellness, home improvement, retail services, and large expenses.
Market Cap
$2.27B
Beta
1.97
P/E (TTM)
13.11
P/E (Fwd)
8.55
EPS (TTM)
$1.50
EPS (Fwd)
$2.30
ROE
12.2%
ROA
1.3%
Cash
$801.9M
Total Debt
$12.5M
Free CF
$285.4M
52W Change
64.3%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $801.9M in cash comfortably exceeding the $12.5M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Annual free cash flow of $285.4M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 12.2% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.3% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $1.19B (2022) to $998.8M (2025), a 16% decline worth watching.
With a beta above 1.5, HAPN tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. With cash comfortably exceeding debt, HAPN has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Happen, Inc.'s trajectory.