Happen, Inc. is classed by the SEC under Personal Credit Institutions (industry code 6141), based in San Francisco, CA. Its latest filed balance sheet (2025-12-31) shows total assets of $12 billion (its filed statements).
Lending businessPersonal Credit InstitutionsSan Francisco, CAfilings since 20079 of 9 filed
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a lending business: prior from its industry code (SEC 6141, Personal Credit Institutions); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 2.9 out of ten, 9 of 9 metrics filed: past 1.4 out of ten, present 2.7 out of ten, future 5.5 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 1.7 out of ten. 1 warning event since 2017; the latest 2026-06-02. 17th percentile among 12 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 1.4 out of ten. +4.7% a year over 7 filed years; profitable in 5 of 7. 14th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 0.9 out of ten. Share count grew 4.1% a year. 0% of cash flow returned. Insiders: 31 sales, 0 purchases. 9th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Financial health (present): 1.4 out of ten. ROE 9%: 9¢ of profit per shareholder dollar. Leverage 87%: owes 87¢ per asset dollar. 14th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 2.9 out of ten. bottom 29% of 11 in its family; net margin 13.6%. 29th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 5.3 out of ten. top 47% of 11 in its family for leadership; chief executive since 2016. 53rd percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 4.5 out of ten. bottom 45% of 11 in its family for room to expand. 45th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 6.1 out of ten. top 39% of 11 in its family for growth drivers. 61st percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 5.9 out of ten. top 41% of 11 in its family for expectations against reality. 59th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-02-12 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-07-30 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-07-27 (on EDGAR). Newest filing: Form 4, 2026-09-17. Filings on record since 2007. Read from EDGAR 2026-10-12.
Who runs it
Sanborn, Scott (CEO); Labenne, Andrew (Chief Financial Officer); Mattics, Steven C (Bank - Chief Lending Officer); Haselkorn, Dov Eytan (Chief Risk Officer); Armstrong, Annie (Chief Risk Officer); Cheng, Jordan (General Counsel & Secretary); Stack, Fergal (SVP, Corporate Controller); Selleck, Erin (director); Ahmad, Syed Faiz (director); Cutler, Stephen M (director); and 5 more. 15 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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