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San Francisco digital bank, formerly LendingClub, offering online banking and personal/marketplace lending to prime borrowers.
San Francisco digital bank, formerly LendingClub, offering online banking and personal/marketplace lending to prime borrowers.
Earns interest on the personal loans it keeps on its balance sheet, funded by deposits at its bank, and fees for loans it originates and sells to outside investors. Under its former name LendingClub it bought Radius Bank in 2021, which let it fund loans with deposits rather than rely on investors alone.
In one line: A rebranded, bank-chartered LendingClub.
Moat: narrow (brand, data). Bank charter plus legacy LendingClub loan-marketplace data and underwriting history support online lending scale.
Headquarters: San Francisco, California · Founded: 2006 · Employees: 1,075
Size Happen (HAPN) is a United States Financials company (Major Banks) with a market value of $1.84B, the 1856th largest of 3,117 United States companies the cockpit tracks. Shares closed at $15.96 on 6 Nov 2026.
Growth Revenue grew 25.9% over the last twelve months (peer median +3.5%); the operating margin is 15.1% (peer median 34.9%).
Valuation It trades at 1.16× book value against a peer median of 0.96× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 14.5%; Happen delivers 13.8%, so the price asks more than the business earns today.
Short interest Short interest is 6.7% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.78B | $1.47B | $1.32B | $1.27B | $1.26B |
| Revenue growth | — | +12% | +4% | +1% | — |
| Gross profit | $1.36B | $1.07B | $888M | $957M | $1.16B |
| EBITDA | $358M | $431M | $307M | $351M | $486M |
| Net income | $211M | $136M | $51.3M | $38.9M | $290M |
| Free cash flow | -$2.87B | -$2.87B | -$2.69B | -$1.20B | $306M |
| Capital expenditure | $87.5M | $140M | $54.3M | $59.5M | $69.5M |
| Total debt | $33.2M | $76.1M | $28.5M | $57.2M | $208M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Happen HAPN | $1.84B | n/a | +26% | 14% | 1.16× | 14.5% |
| SOFI SOFI | $21.0B | +3% | +38% | 7% | 1.86× | 27.5% |
| Upstart UPST | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% |
| DFS Furniture DFS.L | $420M | +12% | +3% | 13% | 1.08× | 16.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HAPN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.1% | -0.1% | 7th highest of 21 |
| Return on equity | 13.8% | 9.5% | 7th highest of 21 |
| Price / book | 1.16× | 0.96× | 8th most expensive of 21 |
| Trailing P/E | 8.9× | 11.8× | 5th cheapest of 20 |
| ROE the price implies | 14.5% | 8.4% | 3rd most demanding of 21 |
| ROE delivered | 13.8% | 10.5% | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Happen HAPN | United States | $1.84B | n/a | +26% | 14% | 1.16× | 14.5% | 13.8% |
| Far Eastern International Bank 2845.TW | Taiwan | $1.88B | +4% | +5% | 7% | 0.87× | 3.2% | 7.4% |
| Hyakujushi Bank 8386.T | Japan | $1.78B | +4% | +22% | 6% | 0.72× | 6.7% | 5.6% |
| FirstSun Capital Bancorp FSUN | United States | $1.77B | +5% | +45% | 4% | 0.98× | 6.3% | 4.2% |
| iM Financial 139130.KS | South Korea | $1.76B | -20% | +24% | 8% | 0.46× | 4.2% | n/a |
| SpareBank 1 Nord-Norge NONG.OL | Norway | $1.96B | +26% | -4% | 8% | 0.93× | 6.6% | 7.7% |
| Inter & INTR | United States | $1.70B | -40% | +51% | 16% | 0.84× | 8.8% | 15.5% |
| City CHCO | United States | $1.99B | +15% | +3% | 16% | 2.55× | 13.9% | 16.4% |
| Hope Bancorp HOPE | United States | $1.68B | +6% | +7% | 6% | 0.75× | 7.6% | 5.9% |
| CHINA BOHAI BANK 9668.HK | Hong Kong | $1.67B | -23% | -5% | 6% | 0.10× | 3.4% | 5.5% |
| QCR QCRH | United States | $1.64B | +11% | +3% | 13% | 1.43× | 10.9% | 12.7% |
| Seven Bank 8410.T | Japan | $2.09B | +28% | +3% | 6% | 1.41× | 5.7% | 6.3% |
| South Indian Bank SOUTHBANK.NS | India | $1.60B | +38% | +5% | 14% | 1.25× | 18.3% | 13.9% |
| Pathward Financial CASH | United States | $1.58B | -12% | -1% | 21% | 1.93× | 12.8% | 20.9% |
| OFG Bancorp OFG | United States | $2.15B | +10% | +2% | 17% | 1.60× | 12.0% | 16.6% |
| Esquire Financial ESQ | United States | $1.57B | +21% | +33% | 11% | 2.00× | 10.2% | 10.5% |
| Awa Bank 8388.T | Japan | $2.15B | +94% | +23% | 5% | 0.80× | 5.3% | 4.7% |
| WaFd WAFD | United States | $2.18B | -17% | 0% | 8% | 0.81× | 8.1% | 8.5% |
| Bladex BLX | United States | $2.19B | -7% | +4% | 14% | 1.05× | 9.3% | 14.5% |
| Punjab & Sind Bank PSB.NS | India | $1.52B | -22% | +3% | 11% | 0.99× | 14.8% | 10.7% |
| OSB OSB.L | United Kingdom | $2.27B | +4% | -6% | 12% | 0.78× | 12.1% | 12.4% |