HAPNHappen, Inc.
Personal Credit Institutions
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$525M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired-20× net incomeCash flow under 80% of net income
- Dilutive SBCFired11% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $19M | $290M | $39M | $51M | $136M | 165% |
| Operating cash flow | $240M | $376M | −$1.1B | −$2.6B | −$2.7B | 3.5% |
| Capex | $34M | $69M | $60M | $54M | $140M | 158% |
| Stock-based comp | $67M | $66M | $52M | $40M | $34M | 14% |
| Dividends | $0 | $0 | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | $10M | 179 | 168 |
| FY2024 | $9M | $19M | 153 | 130 |
| FY2023 | $5M | $3M | 83 | 98 |
| FY2022 | $5M | −$15M | 83 | 103 |
| FY2021 | $7M | $23M | 229 | 135 |