Happen, Inc. · Personal Credit Institutions

HAPN

Elevated riskNext report: Due any day

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The short version

A profitable company with steady sales.

Going well

Profitable
Sales up 27% last year
No debt reported

Money moves

No insider buying or selling in the last 30 days
Institutions added 1.4% to their holdings in the quarter ending June 2026 (129 bought, 112 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$13.78-2.2% that day

Company value: $1.6B; Share price times all shares
Price vs profit (P/E): 8.3x; You pay about $8 for each $1 of yearly profit
Price vs sales: 1.5x; Company value is 1.5 times a year of sales
Cash vs value: 58%; A big cushion: cash is a large part of what the company is worth

From HAPN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$262.9M+5.8% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.0B, up 18% from the 12 months before. Over 5 years, sales grew about 26% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of HAPN. Starting points are the company's recent numbers.

Sales growth+18% a yearRecently: +18% a yearProfit margin19%Last 12 months: 18.7%P/E at the end8xToday: 8.3x. Many steady companies trade at 12x to 25xShare count change+4% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$2.4B

Profit in 5 years$455M

Price these guesses point to$25.95+88% vs $13.78 todayAbout +13% a year, before dividends

What today's price needs: with a 19% margin and a 8x P/E, sales would have to grow about 4.0% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.9.5%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.6%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$2.9B
MissShare count not growingNot diluting owners. Falling means buybacks.+12.7% in 3 years

Revenue: $998.8M; +26.9% vs prior year
5-year growth: +25.7%/yr; revenue, per year
Total debt: None; 0.00x equity
Free cash flow: -$2.9B; -287.1% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.