Happen, Inc. income statement
In fiscal 2025, Happen, Inc. reported revenue of $999m, up 26.9% on the year before and net income of $136m, or $1.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Mar 2011 | 2012Mar 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 16 | 98 | 211 | 430 | 501 | 575 | 695 | 759 | 315 | 819 | 1,187 | 865 | 787 | 999 | 1,045 |
| Research and development | — | — | 16 | 39 | 77 | 115 | 142 | 155 | 168 | 139 | — | — | — | — | — | — |
| Selling and marketing | 12 | 13 | 37 | 86 | 172 | 217 | 230 | 269 | 279 | 79 | — | — | — | — | — | — |
| General and administrative | 4 | 10 | 34 | 81 | 122 | 207 | 192 | 229 | 238 | 213 | — | — | — | — | — | — |
| Interest expense | 13 | 32 | 187 | 357 | 550 | 688 | 571 | 386 | 247 | 150 | 80 | 83 | 271 | 374 | 336 | 358 |
| Net interest income | 0 | 1 | 0 | −2 | 3 | 5 | 9 | 1 | 98 | 59 | 213 | 475 | 562 | — | — | — |
| Non-interest income | — | 16 | 98 | 213 | 427 | 495 | — | — | 661 | 259 | 606 | 712 | 303 | 253 | 373 | 343 |
| Non-interest expense | — | — | — | — | — | — | — | — | 789 | 502 | 661 | 767 | 566 | 544 | 631 | 754 |
| Provision for credit losses | 0 | 0 | — | — | — | — | — | — | 0 | 3 | 139 | 267 | 244 | 178 | 191 | 21 |
| Income before tax | −11 | −12 | 7 | −32 | −2 | −150 | −153 | −128 | −31 | −188 | 18 | 153 | 55 | 65 | 177 | 270 |
| Income tax | — | — | 0 | 1 | 3 | −4 | 1 | 0 | −0 | −0 | −0 | −137 | 16 | 14 | 41 | 59 |
| Net income | −12 | −12 | 7 | −33 | −5 | −146 | −154 | −128 | −31 | −188 | 19 | 290 | 39 | 51 | 136 | 211 |
| Diluted EPS | −$0.26 | −$1.36 | $0.00 | −$0.44 | −$0.05 | −$1.90 | −$1.88 | −$1.52 | −$0.35 | — | $0.18 | $2.79 | $0.36 | $0.45 | $1.16 | $1.79 |
| Diluted shares (average) | — | 9m | 81m | 76m | 75m | 78m | 82m | 85m | 87m | — | 102m | 104m | 108m | 113m | 117m | 118m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 217 | 218 | 248 | 266 | 266 | 252 | 263 | 263 |
| Interest expense | 98 | 82 | 83 | 83 | 88 | 85 | 90 | 95 |
| Non-interest income | 75 | 68 | 94 | 108 | 103 | 76 | 84 | 80 |
| Non-interest expense | 143 | 144 | 155 | 163 | 169 | 185 | 198 | 202 |
| Provision for credit losses | 63 | 58 | 40 | 46 | 47 | 0 | −11 | −16 |
| Income before tax | 11 | 16 | 54 | 57 | 50 | 67 | 76 | 77 |
| Income tax | 1 | 4 | 16 | 13 | 8 | 16 | 18 | 17 |
| Net income | 10 | 12 | 38 | 44 | 42 | 52 | 58 | 59 |
| Diluted EPS | $0.08 | $0.10 | $0.33 | $0.37 | $0.35 | $0.44 | $0.50 | $0.50 |
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