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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

TTENK/calls
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Pulling SEC filings + quote and writing the call…

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Home›Stocks›HAPN
HAPN logo

HAPN

Happen, Inc.

Last earnings -1.7% on 2026-04-27

Hold
$19.69
▼ -3.76%
$19.69▲ +63.67%
over 1Y
L $12.03H $21.58
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-3.8%
1W+0.1%
1M+12.5%
3M+37.5%
YTD+3.0%
1Y+63.7%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Hold
Quality
B
Valuation
Undervalued
Filings
Flagged
Hold
Conviction
Horizon
Medium (3–12mo)

Strong net margin (43.1%); but revenue fell -58.5% YoY.

Revenue (FY2020) $315M · FY2020

The read

Middling fundamentals offset by an attractive price (~124% below fair value) — worth a look on the value angle.

Happen, Inc. shows $315M in FY2020 revenue (-58.5% YoY), a 43.1% net margin, and 9.0% ROE.

Supporting the case: strong net margin (43.1%).

Is HAPN a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Covered call~60d expiry
  • Long 100 shares @ ~19.69
  • Short call 20.5 @ ~1.32 est
debit $1,837max +$213max −$1,836BE 18.37

HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue—————
Gross profit—————
Operating income—————
Net income$18.6M$290M$38.9M$51.3M$136M
Diluted EPS$0.18$2.79$0.36$0.45$1.16
Net margin—————

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)0.10
Earnings yield6.0%
FCF yield-126.2%

Quality & risk

ROIC (est.)—
Free cash flow-$2.87B
Total debt$2.62M
Net cash$928M
Piotroski F-Score3/7

Capital returns

Buyback yield0.0%
Dividend yield (est.)0.0%
Shareholder yield0.0%
Shares Δ YoY+1.6%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — delisting notice (2026-06-02). Worth a closer look.
  1. 8-K Charter / bylaws change2026-06-22
  2. 8-K Shareholder vote2026-06-04
  3. 8-K Delisting notice2026-06-02
  4. 10-Q Quarterly report2026-04-30
  5. 8-K Earnings results2026-04-27
  6. DEF 14A Proxy statement2026-04-21
  7. 10-K Annual report2026-02-12
  8. 8-K Earnings results2026-01-28
  9. 8-K Officer / director change2026-01-27

Recent filings

all on EDGAR ↗
4Period ending 2026-07-012026-07-02open ↗4Period ending 2026-07-012026-07-02open ↗4Period ending 2026-07-012026-07-02open ↗4Period ending 2026-06-242026-06-26open ↗8-KPeriod ending 2026-06-222026-06-22open ↗4Period ending 2026-06-162026-06-18open ↗CERTFiling2026-06-18open ↗144Filing2026-06-18open ↗25Filing2026-06-18open ↗8-A12BFiling2026-06-18open ↗144Filing2026-06-16open ↗4Period ending 2026-06-092026-06-11open ↗

Quality score

B
ValueGrowthProfitHealthMom.
ValueB-
GrowthC
ProfitabilityA-
Financial healthA-
MomentumB
  • ✗Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✓Net margin above 10%
  • ✗Return on equity above 15%
  • ✓P/E below 25

Fair value est.

$44.08

Undervalued +124% vs price

cheapfair valueexpensive

Modified Graham: EPS $1.16 × (8.5 + 1.5 × 22.0% growth) × 1.05 quality = 38.0× multiple. An estimate, not a price target.

12.2552-week21.58
Revenue
$315M
-58.5% YoY
Net margin
43.1%
ROE
9.0%
P/E
17.0

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$315M-58.5%
Net income$136M+164.3%
Diluted EPS$1.16+157.8%
Cash & equivalents$930M-4.8%
Total assets$11.6B+8.8%
Total liabilities$10.1B+8.4%
Stockholders' equity$1.50B+11.8%
L/E: 6.71x

Frequently asked

Is Happen, Inc. (HAPN) a buy?
HAPN currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Strong net margin (43.1%); but revenue fell -58.5% YoY.
What is HAPN's fair value?
A Modified-Graham model based on HAPN's SEC fundamentals estimates a fair value of about $44.08. It is an estimate from reported earnings, not a price target.
Is HAPN overvalued or undervalued?
Against a Modified-Graham fair-value estimate, HAPN currently appears undervalued relative to its SEC-grounded earnings power.
What is Happen, Inc.'s quality score?
HAPN scores 71.4084742246655/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001409970, latest 10-Q filed 2026-04-30) · EODHD · as of 7/5/2026, 7:56:49 AM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 5, 2026, 3:56 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 0 open-market buys · 7 sales

2026-07-01
Stack Fergal
SVP, Corporate Controller
Sell50.0K @ $21.01$1.05M
2026-07-01
Sanborn Scott
CEO
Sell25.0K @ $21.00$525K
2026-07-01
Cheng Jordan
General Counsel & Secretary
Sell5.50K @ $20.85$115K
2026-06-24
Sanborn Scott
CEO
Sell28.8K @ $19.17$551K
2026-06-16
Stack Fergal
SVP, Corporate Controller
Sell60.0K @ $19.00$1.14M
2026-06-10
Cheng Jordan
General Counsel & Secretary
Sell5.50K @ $17.46$96.0K
2026-06-09
Sanborn Scott
CEO
Sell4.90K @ $18.00$88.2K
2026-06-02
ZEISSER MICHAEL P
Director
Award13.7K

Earnings history

beat/miss · move
2026-04-27—▼ -1.66%8-K ↗
2026-01-28Beat +1.0% est▼ -5.96%8-K ↗
2025-10-22—▼ -1.20%8-K ↗
2025-07-29—▲ +1.24%8-K ↗
2025-04-29—▲ +0.27%8-K ↗
2025-01-28Miss -13.7% est▲ +1.14%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
2 Profitable Stocks to Keep an Eye On and 1 We Brush OffBullish
finance.yahoo.com· 2026-07-02
1 Value Stock to Target This Week and 2 We AvoidBullish
finance.yahoo.com· 2026-06-26
LendingClub to Transfer Listing to Nasdaq; New Ticker Symbol "HAPN" to Reflect the Launch of Happen BankBullish
finance.yahoo.com· 2026-06-02

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score71 vs 67
Revenue growth-58.5% vs 7.5%
Net margin43.1% vs 10.0%
Return on equity9.0% vs 12.0%
P/E17.0 vs 26.2

News sentiment

EODHD · 3d
Bullish
+0.18
vs typical · 3 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.