Happen Posts Record $76.8M Pre-Tax Income, Raises 2026 EPS Guidance to $1.87-$1.92
HAPN is trading near its 52-week low of $13.05 (13% above the low) on elevated volume (1.9× avg).
Summary
Happen reported record Q3 pre-tax income of $76.8 million and $0.50 diluted EPS, up 35% year-over-year, and raised full-year 2026 EPS guidance to $1.87-$1.92 while narrowing originations guidance to $12.3B-$12.4B.
Key Events · Earnings and Guidance · HAPN
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Record Q3 Pre-Tax Income
Pre-tax income of $76.8 million rose 34% year-over-year from $57.2 million, with net income of $59.3 million and diluted EPS of $0.50 versus $0.37.
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2026 EPS Guidance Raised
Full-year 2026 diluted EPS guidance was raised to $1.87-$1.92 from $1.80-$1.90, implying 61%-66% annual growth; Q4 2026 EPS is guided to $0.43-$0.48.
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Originations Guidance Narrowed
Full-year 2026 originations guidance was narrowed to $12.3B-$12.4B (26%-27% growth), after Q3 originations of $3.3 billion, up 26% year-over-year.
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Revenue Flat on Accounting Change
Total net revenue of $263.2 million versus $266.2 million a year ago reflects the 2026 fair value option election; risk-adjusted revenue rose 27% to $279.1 million.
Analysis · HAPN · Finance
The headline number is strong, but guidance is what matters for the stock. Happen's Q3 pre-tax income of $76.8 million rose 34% year-over-year, and diluted EPS of $0.50 rose 35%, with a 15.8% return on tangible common equity. Full-year 2026 diluted EPS guidance was raised to $1.87-$1.92 from $1.80-$1.90, implying 61%-66% annual growth, while originations guidance was narrowed to $12.3B-$12.4B. Revenue was roughly flat at $263.2 million versus $266.2 million a year ago, but that reflects the 2026 switch to fair value option accounting rather than weaker demand: risk-adjusted revenue rose 27% to $279.1 million, and a $15.9 million provision benefit replaced last year's $46.3 million expense. Credit is holding up, with the net charge-off ratio improving to 3.1% from 3.4%.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, HAPN was trading at $14.71 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $13.05 to $21.67. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.