Earnings Releases·Oct 28, 2026, 4:10 PM ET

Happen, Inc. — Third Quarter 2026 Earnings Summary

Reported record pre-tax income of $76.8 million (up 34% YoY) and diluted EPS of $0.50 (up 35% YoY), while total net revenue declined 1% to $263.2 million due to Fair Value Option (FVO) accounting adoption.
Raised full-year 2026 diluted EPS guidance to $1.87–$1.92 (from $1.80–$1.90) and narrowed loan originations guidance to $12.3–$12.4 billion, targeting 26%–27% annual growth.
Expanded into the home improvement financing market with a significant pipeline, achieved 90% originations automation via AI tools, and crossed $10 billion in loans sold through proprietary structured certificates.
Executed a corporate rebrand to Happen, Inc. and Happen Bank, transitioning from an online lender to a diversified digital-first bank, while maintaining strong capital ratios (CET1: 15.7%) and utilizing $59 million in stock repurchases.