Happen vs X Financial
Happen and X Financial are similar in size: $999m and $1.06bn of revenue in their latest fiscal years. X Financial grew faster (30.3% against 26.9%). X Financial kept more of each dollar of sales as profit: a net margin of 19.2% against 13.6%.
| Latest fiscal year | HappenHAPN, 2025 | X FinancialXYF, 2025 |
|---|---|---|
| Revenue | $999m | $1.06bn |
| Revenue growth | 26.9% | 30.3% |
| Net income | $136m | $204m |
| Operating margin | — | 21.3% |
| Net margin | 13.6% | 19.2% |
| Return on equity | 9.5% | 19.7% |
| Free cash flow | −$2.87bn | $201m |
| Cash | $930m | $141m |
| Total debt | $0 | $58.6m |
| Debt to equity | — | 5.2% |
| Dividend per share | — | — |
| Dividend yield | — | 11.4% |
| Share buybacks | — | $102m |
| Employees | 1,075 | — |
| Market value | $1.79bn | $191m |
| Price vs our value range | — | — |
| Moat score | 14 (Weak) | — |
| Insider trades, 12 months | 0 buys, 30 sales | 0 buys, 2 sales |