Happen, Inc.
Happen, Inc. (HAPN) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in San Francisco, United States and has 1,075 employees. The company is worth $1.67B and trades at 8.8x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $998.85M in fiscal 2025, up 26.9% from the year before. Net income was $135.68M. The share price is 33.1% below its 52-week high of $21.67. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $17.67M. In that quarter, 3 of them reduced the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -55.7% over 5Y.
today you would have $315.27▼ -68.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 12 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $18.94 | $16.19 | $8.74 | $8.80 | $24.18 | $10.56 | $12.62 | $13.15 | $20.65 | $26.25 | $55.25 | $126.50 | |
| P/E | 24.3x | 16.3x | 36.0x | 24.3x | 3.2x | 134.3x | — | — | — | — |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 24.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FSUNFirstsun Capital Bancorp | $37.95 | 22.7x | 1.0x | 0.00% | 3.19% | $1.67B |
| QCRHQcr Holdings Inc | $103.04 | 11.7x | 1.5x | 0.58% | 12.66% | $1.69B |
| TOPTOP Financial Group Ltd | $13.42 | — | 3.2x | 0.00% | -3.83% | $1.66B |
| LOBLive Oak Bancshares, Inc. | $35.71 |
| — |
| — |
| — |
| P/S | 2.7x | 2.2x | 2.3x | 1.1x | 0.8x | 3.0x | 3.1x | 1.5x | 1.6x | 3.0x | 4.2x | 9.8x | 44.6x |
| P/B | 1.4x | 1.5x | 1.4x | 0.8x | 0.8x | 2.9x | 1.4x | 1.2x | 1.3x | 1.9x | 2.2x | 4.0x | 9.7x |
| EPS | $1.16 | $0.45 | $0.36 | $2.79 | $0.18 | — | -$0.35 | -$1.52 | -$1.88 | -$1.90 | -$0.05 | -$2.20 |
| Profit margin | -2.61% | 13.58% | 6.52% | 4.50% | 24.40% | 2.27% | -58.96% | -4.05% | -18.47% | -26.78% | -29.15% | -1.16% | -15.57% |
| ROE | -1.93% | 9.04% | 3.83% | 3.11% | 24.88% | 2.19% | -25.90% | -3.42% | -14.76% | -16.68% | -14.96% | -0.48% | -3.38% |
Median of the years shown; P/E years above 200x are left out.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 1 families.
Room for errors in the reported numbers.
+115.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 12.4x |
| 1.4x |
| 0.34% |
| 11.68% |
| $1.65B |
| CNOBConnectOne Bancorp, Inc. | $32.82 | 10.0x | 1.1x | 2.38% | 10.25% | $1.65B |
| SBETSharplink, Inc. | $7.86 | — | 1.2x | 0.00% | -183.57% | $1.71B |