Happen Reports Q3 2026 Results, Raises EPS Guidance
Happen reported $3.3 billion in third-quarter originations, up 26% year over year, and diluted EPS of $0.50, up 35%. It raised full-year 2026 diluted EPS guidance to $1.87–$1.92 from $1.80–$1.90 and narrowed its originations growth forecast to 26%–27%.
Happen, Inc. achieved $3.3 billion in origination volume for the third quarter of 2026, representing a 26% increase compared to the prior year. The company reported total net revenue of $263.2 million, influenced by the election of fair value option (FVO) accounting for new originations. Diluted EPS rose 35% to $0.50, supported by strong credit performance and a provision benefit of $15.9 million.
Management raised its full-year 2026 diluted EPS guidance to $1.87—$1.92, up from the previous $1.80—$1.90 range, while narrowing its full-year originations growth forecast to 26%—27%. The company also noted progress in its growth initiatives, including scaling into the home improvement market and maintaining lower delinquency rates compared to competitors.