Happen, Inc.

Listed Company

HAPNCIK 0001409970NasdaqLarge AcceleratedPersonal Credit InstitutionsDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$135.68M

Total Assets

$11.57B

Equity

$1.50B

Shares Out

115.35M

Op. Cash Flow

$-2.73B

LC$19.21+71.06% · past yearDBEQ Basic

Daily closing prices

Business

LendingClub Corporation is a national digital bank providing personal loans, auto refinance, and point-of-sale financing to creditworthy U.S. consumers, funded through a combination of retained loans on its balance sheet and sales to marketplace investors. The company generates revenue from net interest income on retained loans, origination fees, and servicing fees on loans sold to third-party investors. LendingClub also offers deposit products including high-yield savings, checking accounts, and certificates of deposit through its mobile-first platform, serving both retail borrowers and institutional marketplace investors seeking diversified, short-duration lending assets.

Summary from 10-K filed 2026-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Marketplace revenue	356	243	291	684	579
Other non-interest income	17	10	11	29	27
Total non-interest income	373	253	303	712	606
Interest on loans held for sale	143	92	36	26	30
Interest and fees on loans and leases held for investment	490	494	617	465	189
Interest on loans held for investment at fair value	73	77	74	31	4
Interest on securities available for sale	224	188	40	16	11
Other interest income	32	56	66	19	1
Total interest income	962	908	833	557	293
Interest on deposits	336	369	266	60	7
Other interest expense	147,000	5	5	22	15
Total interest expense	336	374	271	83	80
Net interest income	626	534	562	475	—
Total net revenue	999	787	865	1,187	819
Provision for credit losses	191	178	244	267	139
Compensation and benefits	242	232	262	339	288
Marketing	149	100	94	198	156
Equipment and software	57	51	53	49	39
Depreciation and amortization	63	59	47	44	44
Professional services	42	32	35	51	48
Occupancy	20	16	18	22	24
Other non-interest expense	57	53	57	64	61
Total non-interest expense	631	544	566	767	661
Income before income tax expense	177	65	55	153	18
Income tax expense	−41	−14	−16	137	136,000
Net income	136	51	39	290	19
Basic EPS (in dollars per share)	1.18	0.46	0.36	2.8	—
Diluted EPS (in dollars per share)	1.16	0.45	0.36	2.79	0.18
Weighted-average common shares basic (in shares)	115	112	108	104	—
Weighted-average common shares diluted (in shares)	117	113	108	104	102

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	12	16	15	23	36
Interest-bearing deposits in banks	906	939	1,238	1,034	651
Total cash and cash equivalents	918	954	1,253	1,057	687
Restricted cash	13	23	42	67	76
Securities available for sale at fair value ($3,733,780 and $3,492,264 at amortized cost, respectively)	3,707	3,453	1,620	346	264
Loans held for sale at fair value	1,762	636	408	110	391
Loans and leases held for investment	4,273	4,126	4,850	5,033	2,899
Allowance for loan and lease losses	−276	−237	−310	−328	−144
Loans and leases held for investment, net	3,997	3,889	4,540	4,705	2,755
Loans held for investment at fair value	473	1,028	273	—	—
Property, equipment and software, net	254	168	162	136	98
Goodwill	76	76	76	76	76
Other assets	368	404	455	500	303
Total assets	11,568	10,631	8,827	7,980	4,900
Interest-bearing	9,459	8,676	7,002	6,159	2,919
Noninterest-bearing	374	392	332	234	217
Total deposits	9,834	9,068	7,333	6,393	3,136
Other liabilities	234	221	223	293	304
Total liabilities	10,067	9,289	7,576	6,815	4,050
Common stock, $0.01 par value; 180,000,000 shares authorized; 115,368,987 and 113,383,917 shares issued and outstanding, respectively	1	1	1	1	1
Additional paid-in capital	1,719	1,702	1,670	1,629	1,560
Accumulated deficit	−202	−337	−389	−428	−717
Accumulated other comprehensive loss	−18	−24	−30	−38	7
Total equity	1,500	1,342	1,252	1,164	850
Total liabilities and equity	11,568	10,631	8,827	7,980	4,900

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net fair value adjustments	135	155	134	−9	−4
Change in fair value of loan servicing assets	59	75	63	73	—
Gain on sales of loans	−59	−49	−48	−95	—
Accretion of deferred origination fees and marketing costs	−62	−69	−91	−86	−41
Stock-based compensation, net	34	40	52	66	67
Other, net	10	11	−9	−2	11
Net change to loans held for sale	−3,267	−3,102	−1,535	8	5
Other assets	34	22	55	−17	−10
Other liabilities	−307,000	−6	−88	−21	26
Net cash used for operating activities	−2,727	−2,634	−1,137	376	240
Net change in loans and leases	321	−224	545	−2,599	−1,517
Purchases of securities available for sale	−30	−50	−62	−223	−100
Proceeds from sales, maturities and paydowns of securities available for sale	1,787	938	98	86	143
Purchases of property, equipment and software, net	−140	−54	−60	−69	−34
Other investing activities	−4	−3	−5	−4	−13
Net cash provided by investing activities	1,932	608	517	−2,810	−454
Net change in deposits	770	1,742	921	3,257	1,127
Principal payments on borrowings	0	−19	−112	−452	−330
Other financing activities	−22	−14	−20	−9	−9
Net cash provided by financing activities	748	1,710	790	2,795	350
Net increase (decrease) in cash, cash equivalents and restricted cash	−47	−317	170	361	135
Cash paid for interest	341	378	259	80	77
Cash paid for income taxes	3	275,000	7	14	5
Cash paid for operating leases included in the measurement of lease liabilities	14	13	13	16	21
Net securities retained from Structured Program transactions	1,994	2,712	1,299	—	—
Derecognition of payable to securitization note and residual certificate holders held in consolidated VIE	0	880,000	0	36	0

Filings

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Frequently asked questions

What is Happen, Inc.'s CIK number?

Happen, Inc.'s SEC CIK number is 0001409970 (1409970). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Happen, Inc.'s SEC filings?

All of Happen, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Happen, Inc. last report earnings?

Happen, Inc. (HAPN) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001409970-26-000059). This is Happen, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Happen, Inc.'s most recent earnings 8-K?

Happen, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0001409970-26-000059. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Happen, Inc.'s latest earnings 8-K →
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