Happen, Inc. (HAPN) Income Statement
HAPN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHAPN revenue and net income
Where HAPN's revenue goes
2025Each bar shows an amount and its share of revenue. HAPN kept 10.2% of revenue as net income.
HAPN profit margins
HAPN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.0% | +1.7% | +24.0% | +3.8% |
| Gross profit | +41.9% | −2.1% | +23.4% | +8.9% |
| Operating income | +412.9% | +29.7% | — | — |
| Net income | +164.3% | −22.3% | — | — |
| EPS (diluted) | +155.6% | −6.1% | — | +5.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HAPN quarterly EPS vs estimates
Happen beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.47).
HAPN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.33B | $1.16B | $1.14B | $1.27B | $898.6M | $455.2M | $979.2M | $981.0M | $1.06B | $1.11B |
| Cost of revenue | $471.0M | $552.2M | $514.4M | $349.8M | $218.8M | $153.7M | $247.3M | $385.6M | $571.4M | $688.4M |
| Gross profit | $863.8M | $608.7M | $621.1M | $919.9M | $679.8M | $301.5M | $731.9M | $595.4M | $487.6M | $426.1M |
| Sales, general & admin | $391.1M | $332.6M | $355.8M | $537.1M | $444.5M | $304.0M | $569.0M | $497.2M | $421.5M | $423.8M |
| Total operating expenses | $530.1M | $543.7M | $566.4M | $766.9M | $661.4M | $489.1M | $762.8M | $723.5M | $641.1M | $576.2M |
| Operating income | $333.7M | $65.1M | $54.6M | $153.0M | $18.4M | −$187.6M | −$30.9M | −$128.1M | −$153.4M | −$150.2M |
| Interest income | $961.5M | $908.0M | $832.6M | $557.3M | — | — | — | — | — | — |
| Interest expense | $335.9M | $373.9M | $270.8M | $82.5M | $80.0M | $150.4M | $247.3M | $385.6M | $571.4M | $688.4M |
| Income before taxes | $176.9M | $65.1M | $54.6M | $153.0M | $18.4M | −$187.6M | −$30.9M | −$128.1M | −$153.4M | −$150.2M |
| Income taxes | $41.3M | $13.7M | $15.7M | −$136.6M | −$136,000 | −$79,000 | −$201,000 | $43,000 | $632,000 | −$4.2M |
| Net income | $135.7M | $51.3M | $38.9M | $289.7M | $18.6M | −$187.5M | −$30.7M | −$128.3M | −$153.8M | −$146.0M |
| EBITDA | $369.1M | $118.4M | $101.8M | $196.9M | $62.7M | −$133.6M | $31.3M | −$73.3M | −$107.2M | −$120.3M |
| EPS (diluted) | $1.15 | $0.45 | $0.36 | $1.39 | $0.24 | −$1.58 | $0.01 | $0.52 | $0.05 | −$0.50 |
| Gross margin | 64.7% | 52.4% | 54.7% | 72.4% | 75.7% | 66.2% | 74.7% | 60.7% | 46.0% | 38.2% |
| Operating margin | 25.0% | 5.6% | 4.8% | 12.1% | 2.1% | −41.2% | −3.2% | −13.1% | −14.5% | −13.5% |
| Net margin | 10.2% | 4.4% | 3.4% | 22.8% | 2.1% | −41.2% | −3.1% | −13.1% | −14.5% | −13.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $352.8M | $261.2M | $354.0M | $349.6M | $331.3M | $299.8M | $315.4M | $302.0M | $278.3M | $265.2M | $272.8M | $271.3M |
| Cost of revenue | $79.0M | $85.0M | $87.6M | $129.6M | $122.6M | $140.3M | $161.4M | $147.7M | $126.7M | $116.4M | $118.7M | $134.9M |
| Gross profit | $273.8M | $176.2M | $266.5M | $220.0M | $208.7M | $159.6M | $154.0M | $154.3M | $151.7M | $148.8M | $154.1M | $136.4M |
| Sales, general & admin | $163.5M | $168.7M | $106.3M | $101.5M | $95.6M | $87.6M | $82.1M | $83.6M | $83.2M | $83.7M | $82.1M | $78.1M |
| Total operating expenses | $179.9M | $184.9M | $169.3M | $162.7M | $154.7M | $143.9M | $142.9M | $136.3M | $132.3M | $132.2M | $140.4M | $128.0M |
| Operating income | $93.9M | −$8.7M | $97.2M | $57.2M | $54.0M | $15.7M | $11.1M | $18.0M | $19.4M | $16.5M | $13.7M | $8.3M |
| Interest income | $268.9M | $261.2M | $250.6M | $241.8M | $237.1M | $232.1M | — | — | — | — | — | — |
| Interest expense | $89.9M | $85.0M | $87.6M | $83.4M | $82.8M | $82.1M | $98.2M | $100.1M | $91.1M | $84.5M | $76.8M | $70.4M |
| Income before taxes | $75.7M | $67.3M | $50.0M | $57.2M | $54.0M | $15.7M | $11.1M | $18.0M | $19.4M | $16.5M | $13.7M | $8.3M |
| Income taxes | −$17.5M | $15.7M | $8.5M | $13.0M | $15.8M | $4.0M | $1.4M | $3.6M | $4.5M | $4.3M | $3.5M | $3.3M |
| Net income | $58.1M | $51.6M | $41.6M | $44.3M | $38.2M | $11.7M | $9.7M | $14.5M | $14.9M | $12.2M | $10.2M | $5.0M |
| EBITDA | $112.1M | $7.1M | $113.8M | $74.1M | $69.5M | $29.6M | $25.3M | $31.3M | $32.5M | $29.2M | $25.6M | $19.6M |
| EPS (diluted) | $0.50 | $0.44 | $0.35 | $0.37 | $0.33 | $0.10 | $0.08 | $0.13 | $0.13 | $0.11 | $0.09 | $0.05 |
| Gross margin | 77.6% | 67.5% | 75.3% | 62.9% | 63.0% | 53.2% | 48.8% | 51.1% | 54.5% | 56.1% | 56.5% | 50.3% |
| Operating margin | 26.6% | −3.3% | 27.5% | 16.4% | 16.3% | 5.2% | 3.5% | 6.0% | 7.0% | 6.2% | 5.0% | 3.1% |
| Net margin | 16.5% | 19.8% | 11.7% | 12.7% | 11.5% | 3.9% | 3.1% | 4.8% | 5.4% | 4.6% | 3.7% | 1.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HAPN's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HAPN financial results
In fiscal year 2025 (ended December 31, 2025), Happen reported revenue of $1.3 billion, up 15.0% from the year before. It had net income of $135.7 million (up 164.3%), a net profit margin of 10.2%. Diluted earnings per share came to $1.15. Over five years revenue grew at an average rate of 24.0% a year.
See the HAPN stock overview for the latest quote and news, or the HAPN chart for price history and technical indicators.
HAPN income statement FAQ
What is Happen's annual revenue?
Happen reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 15.0% from $1.2 billion the previous year.
Is Happen profitable?
Yes. Happen reported net income of $135.7 million in fiscal 2025, a net profit margin of 10.2%; its operating margin was 25.0%.
What is Happen's gross margin?
Happen's gross margin was 64.7% in fiscal 2025: for every $100 of revenue, Happen kept $65 after the direct cost of its products and services.
How fast is Happen growing?
Revenue grew 24.0% a year on average over the last five fiscal years, from $455.2 million to $1.3 billion.
What are Happen's earnings per share?
Happen earned $1.15 per diluted share in fiscal 2025, compared with $0.45 a year earlier.
When will Happen report its next earnings?
Happen is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Happen's fiscal year end?
Happen's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.