Happen vs Upstart Holdings
Happen and Upstart Holdings are similar in size: $999m and $1.04bn of revenue in their latest fiscal years. Upstart Holdings grew faster (64.0% against 26.9%). Happen kept more of each dollar of sales as profit: a net margin of 13.6% against 5.1%.
| Latest fiscal year | HappenHAPN, 2025 | Upstart HoldingsUPST, 2025 |
|---|---|---|
| Revenue | $999m | $1.04bn |
| Revenue growth | 26.9% | 64.0% |
| Net income | $136m | $53.6m |
| Operating margin | — | — |
| Net margin | 13.6% | 5.1% |
| Return on equity | 9.5% | 7.5% |
| Free cash flow | −$2.87bn | −$148m |
| Cash | $930m | $652m |
| Total debt | $0 | $1.83bn |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,075 | 1,405 |
| Market value | $1.80bn | $2.07bn |
| Price vs our value range | — | — |
| Moat score | 14 (Weak) | 0 (Weak) |
| Insider trades, 12 months | 0 buys, 30 sales | 6 buys, 38 sales |