Happen, Inc. (HAPN)
Market Price (8/14/2026): $19.5 | Market Cap: $2.2 BilSector: Financials | Industry: Regional Banks
Happen, Inc. (HAPN)
Market Price (8/14/2026): $19.5Market Cap: $2.2 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40% Low stock price volatilityVol 12M is 44% | Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -70% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -274%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -282% Key risksHAPN key risks include [1] a marketplace model dependent on attracting investor capital and customer deposits, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40% |
| Low stock price volatilityVol 12M is 44% |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -70% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -274%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -282% |
| Key risksHAPN key risks include [1] a marketplace model dependent on attracting investor capital and customer deposits, Show more. |
Qualitative Assessment
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Updated on 8/7/2026
Happen, Inc. (HAPN) stock has gained about 5% since it went public on 6/23/2026 because of the following key factors:
1. Absence of distinct post-IPO catalysts following its rebranding and Nasdaq listing. Happen, Inc. initiated trading on Nasdaq as HAPN on June 22, 2026, after rebranding from LendingClub Corporation, marking a significant strategic shift to a digital bank. Despite the initial interest surrounding this rebrand and Nasdaq debut, there has been a subsequent lack of major company-specific news or catalysts beyond this foundational event during late fiscal Q2 2026 and early fiscal Q3 2026 that would typically drive substantial stock price appreciation or depreciation. The market's "wait and see" approach post-rebrand likely contributed to the stock's stability as investors assessed the long-term implications.
2. Strong fiscal Q2 2026 earnings beat counterbalanced by broader market downturn. Happen, Inc. reported robust fiscal Q2 2026 earnings (for the period ending June 30, 2026) on July 27, 2026, exceeding analyst expectations with diluted EPS of $0.50 against an anticipated $0.42 and revenue of $262.9 million versus the $262.3 million forecast. This positive performance was, however, partially offset by broader macroeconomic headwinds. Specifically, global market concerns stemming from a "South Korea induced sell-off" in late June 2026, which saw the NASDAQ composite decline by 3%, likely tempered the positive impact of Happen's financial results shortly after its IPO. This confluence of company-specific strength and general market weakness resulted in a largely stable stock price.
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Happen, Inc. (HAPN) stock has gained about 5% since it went public on 6/23/2026 because of the following key factors:
1. Absence of distinct post-IPO catalysts following its rebranding and Nasdaq listing. Happen, Inc. initiated trading on Nasdaq as HAPN on June 22, 2026, after rebranding from LendingClub Corporation, marking a significant strategic shift to a digital bank. Despite the initial interest surrounding this rebrand and Nasdaq debut, there has been a subsequent lack of major company-specific news or catalysts beyond this foundational event during late fiscal Q2 2026 and early fiscal Q3 2026 that would typically drive substantial stock price appreciation or depreciation. The market's "wait and see" approach post-rebrand likely contributed to the stock's stability as investors assessed the long-term implications.
2. Strong fiscal Q2 2026 earnings beat counterbalanced by broader market downturn. Happen, Inc. reported robust fiscal Q2 2026 earnings (for the period ending June 30, 2026) on July 27, 2026, exceeding analyst expectations with diluted EPS of $0.50 against an anticipated $0.42 and revenue of $262.9 million versus the $262.3 million forecast. This positive performance was, however, partially offset by broader macroeconomic headwinds. Specifically, global market concerns stemming from a "South Korea induced sell-off" in late June 2026, which saw the NASDAQ composite decline by 3%, likely tempered the positive impact of Happen's financial results shortly after its IPO. This confluence of company-specific strength and general market weakness resulted in a largely stable stock price.
Show more
Updated on 8/7/2026
Happen, Inc. (HAPN) stock has gained about 5% since it went public on 6/23/2026 because of the following key factors:
1. Absence of distinct post-IPO catalysts following its rebranding and Nasdaq listing. Happen, Inc. initiated trading on Nasdaq as HAPN on June 22, 2026, after rebranding from LendingClub Corporation, marking a significant strategic shift to a digital bank. Despite the initial interest surrounding this rebrand and Nasdaq debut, there has been a subsequent lack of major company-specific news or catalysts beyond this foundational event during late fiscal Q2 2026 and early fiscal Q3 2026 that would typically drive substantial stock price appreciation or depreciation. The market's "wait and see" approach post-rebrand likely contributed to the stock's stability as investors assessed the long-term implications.
2. Strong fiscal Q2 2026 earnings beat counterbalanced by broader market downturn. Happen, Inc. reported robust fiscal Q2 2026 earnings (for the period ending June 30, 2026) on July 27, 2026, exceeding analyst expectations with diluted EPS of $0.50 against an anticipated $0.42 and revenue of $262.9 million versus the $262.3 million forecast. This positive performance was, however, partially offset by broader macroeconomic headwinds. Specifically, global market concerns stemming from a "South Korea induced sell-off" in late June 2026, which saw the NASDAQ composite decline by 3%, likely tempered the positive impact of Happen's financial results shortly after its IPO. This confluence of company-specific strength and general market weakness resulted in a largely stable stock price.
3. Consistent "Strong Buy" analyst consensus paired with a balanced valuation outlook. Multiple analysts have initiated coverage or maintained a "Strong Buy" consensus rating for Happen, Inc., with average 12-month price targets ranging from $22.70 to $24.78, suggesting a potential upside from current levels. Concurrently, the stock's Price-to-Earnings (P/E) ratio of approximately 12.3x trades at a premium compared to the consumer finance industry average of around 8.9x, yet it appears undervalued relative to its tailored fair P/E of 20.4x. This mixed valuation picture, combined with positive long-term analyst sentiment, has likely contributed to the stock maintaining its level as investors weigh its perceived growth potential against its current industry premium.
Show less
Happen, Inc. (HAPN) stock has gained about 5% since it went public on 6/23/2026 because of the following key factors:
1. Absence of distinct post-IPO catalysts following its rebranding and Nasdaq listing. Happen, Inc. initiated trading on Nasdaq as HAPN on June 22, 2026, after rebranding from LendingClub Corporation, marking a significant strategic shift to a digital bank. Despite the initial interest surrounding this rebrand and Nasdaq debut, there has been a subsequent lack of major company-specific news or catalysts beyond this foundational event during late fiscal Q2 2026 and early fiscal Q3 2026 that would typically drive substantial stock price appreciation or depreciation. The market's "wait and see" approach post-rebrand likely contributed to the stock's stability as investors assessed the long-term implications.
2. Strong fiscal Q2 2026 earnings beat counterbalanced by broader market downturn. Happen, Inc. reported robust fiscal Q2 2026 earnings (for the period ending June 30, 2026) on July 27, 2026, exceeding analyst expectations with diluted EPS of $0.50 against an anticipated $0.42 and revenue of $262.9 million versus the $262.3 million forecast. This positive performance was, however, partially offset by broader macroeconomic headwinds. Specifically, global market concerns stemming from a "South Korea induced sell-off" in late June 2026, which saw the NASDAQ composite decline by 3%, likely tempered the positive impact of Happen's financial results shortly after its IPO. This confluence of company-specific strength and general market weakness resulted in a largely stable stock price.
3. Consistent "Strong Buy" analyst consensus paired with a balanced valuation outlook. Multiple analysts have initiated coverage or maintained a "Strong Buy" consensus rating for Happen, Inc., with average 12-month price targets ranging from $22.70 to $24.78, suggesting a potential upside from current levels. Concurrently, the stock's Price-to-Earnings (P/E) ratio of approximately 12.3x trades at a premium compared to the consumer finance industry average of around 8.9x, yet it appears undervalued relative to its tailored fair P/E of 20.4x. This mixed valuation picture, combined with positive long-term analyst sentiment, has likely contributed to the stock maintaining its level as investors weigh its perceived growth potential against its current industry premium.
Show less
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
4/30/2026 to 8/13/2026| Return | Correlation | |
|---|---|---|
| HAPN | ||
| Market (SPY) | 8.2% | 65.1% |
| Sector (XLF) | 11.8% | 36.6% |
Fundamental Drivers
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Market Drivers
1/31/2026 to 8/13/2026| Return | Correlation | |
|---|---|---|
| HAPN | ||
| Market (SPY) | 12.7% | 65.1% |
| Sector (XLF) | 9.6% | 36.6% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 8/13/2026| Return | Correlation | |
|---|---|---|
| HAPN | ||
| Market (SPY) | 24.1% | 65.1% |
| Sector (XLF) | 12.6% | 36.6% |
Fundamental Drivers
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Market Drivers
7/31/2023 to 8/13/2026| Return | Correlation | |
|---|---|---|
| HAPN | ||
| Market (SPY) | 75.9% | 65.1% |
| Sector (XLF) | 72.3% | 36.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HAPN Return | - | - | - | - | - | 3% | 3% |
| Peers Return | 79% | -53% | 91% | 40% | 28% | -14% | 152% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| HAPN Win Rate | - | - | - | - | - | 67% | |
| Peers Win Rate | 57% | 35% | 57% | 57% | 62% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HAPN Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -34% | -61% | -41% | -29% | -40% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SOFI, ALLY, SYF, UPST, OMF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/13/2026 (YTD)
How Low Can It Go
HAPN has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
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Asset Allocation
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HAPN has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Happen, Inc. (HAPN)
LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates an online lending marketplace platform that connects borrowers and investors. LendingClub Corporation was incorporated in 2006 and is headquartered in San Francisco, California.
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LendingClub (HAPN) is like:
- A digital bank for a broad range of loans, similar to SoFi.
- An online lending marketplace like LendingTree, but it also originates loans as a bank.
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Loan Products:
- Commercial and Industrial Loans: Loans provided to businesses for various operational and growth needs.
- Commercial Real Estate Loans: Financing for the acquisition, development, or refinancing of commercial properties.
- Small Business Loans: Financial products tailored for small and medium-sized enterprises.
- Equipment Loans and Leases: Funding solutions for businesses to acquire essential machinery and equipment.
- Unsecured Personal Loans: Loans offered to individuals without requiring collateral, based on creditworthiness.
- Auto Loans: Financing specifically for the purchase of automobiles.
- Patient Finance Loans: Loans designed to cover healthcare-related expenses.
- Education Finance Loans: Financial assistance provided for educational costs.
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Lending Marketplace Platform:
- Online Lending Marketplace: A technology platform connecting borrowers with a diverse group of investors.
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Happen, Inc. (HAPN) - Major Customers
- Individual Borrowers: Individuals seeking a variety of personal financing options, including unsecured personal loans, auto loans, patient finance loans, and education finance loans. These customers utilize the company's platform to access credit for their personal needs.
- Business Borrowers: Small and medium-sized businesses, as well as other commercial entities, that require financing for their operations. This category includes customers seeking commercial and industrial loans, commercial real estate loans, small business loans, and equipment loans and leases.
- Investors (Marketplace Participants): Institutions and individuals who participate in the company's online lending marketplace platform by investing in the loans originated through it. These investors provide the capital that funds the loans to both individual and business borrowers.
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- Experian (EXPGY)
- Equifax (EFX)
- TransUnion (TRU)
- Amazon Web Services (AMZN)
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Happen, Inc. (symbol: HAPN) refers to LendingClub Corporation. The following are members of its management team:
Scott Sanborn, Chief Executive Officer
Scott Sanborn was appointed CEO of LendingClub in June 2016. He joined the company in 2010 and previously served as President, Chief Marketing Officer, and Chief Operations Officer, playing a key role in guiding LendingClub through significant growth, including its 2014 IPO. Before his tenure at LendingClub, Sanborn held leadership positions as Chief Marketing and Revenue Officer for eHealth Insurance, a publicly traded e-commerce company, and as President of RedEnvelope, Inc., an e-commerce and catalog retailer. He also served as Senior Vice President of Marketing for the Home Shopping Network. Sanborn notably spearheaded LendingClub's acquisition of Radius Bank in February 2021, which transformed the company into a full-spectrum fintech marketplace bank.
Drew LaBenne, Chief Financial Officer
Drew LaBenne assumed the role of Chief Financial Officer for LendingClub on September 1, 2022. His prior experience includes serving as CFO of Bakkt, a digital asset marketplace, and as CFO of Amalgamated Bank, where he was instrumental in leading the bank through its initial public offering. LaBenne also held the position of Managing Director and CFO of JP Morgan Chase's Business Banking division. Earlier in his career, he spent 17 years at Capital One Financial, where he held various roles, including CFO of Retail Banking, and played a significant part in expanding the banking franchise through both acquisitions and organic growth.
Angel Nguyen Swift, Chief Compliance Officer
Angel Nguyen Swift serves as the Chief Compliance Officer at LendingClub.
Navneet Jain, Chief Credit Officer
Navneet Jain holds the position of Chief Credit Officer at LendingClub.
Mark Elliot, Chief Customer Officer
Mark Elliot is the Chief Customer Officer at LendingClub.
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The company, formerly known as LendingClub Corporation and now operating as Happen, Inc. (HAPN), faces several key business risks, primarily stemming from its nature as a financial services provider and online lending marketplace.
Here are the up to three key risks, ordered from most to least significant:
- Liquidity Risk and Intense Competition: Happen, Inc. operates in a highly competitive financial services and banking industry, facing rivals with potentially greater financial resources, cheaper capital access, and broader product offerings. As a bank holding company and an online lending marketplace, its success is significantly predicated on its ability to attract and retain investor capital and customer deposits. A loss of trust or an inability to attract sufficient capital could lead to liquidity issues, potentially forcing the company to use its own balance sheet to fund loans, thereby increasing its risk exposure.
- Regulatory Compliance and Legal Enforcement Actions: Given its operations in the regulated financial sector, Happen, Inc. is exposed to ongoing legal and regulatory scrutiny. The company has a history of facing enforcement actions, such as the Federal Trade Commission (FTC) lawsuit in 2018, which resulted in an $18 million settlement for deceptive practices related to hidden fees and loan approvals. Such actions highlight the persistent risk of regulatory changes, non-compliance penalties, fines, and operational restrictions, which can significantly impact financial performance and operational stability.
- Reputational Damage: The business model of Happen, Inc. is "ultimately predicated on trust". Any event that erodes public and investor confidence, such as past deceptive practices or significant operational failures, poses a substantial risk. A tarnished reputation can severely impair the company's ability to attract new borrowers and investors, crucial elements for its marketplace operations and overall growth.
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The aggressive expansion of large technology companies (e.g., Apple, Google, Amazon) and established payment platforms (e.g., PayPal, Block/Square) into financial services poses a clear emerging threat. These companies possess vast customer bases, extensive data, and significant capital. They are increasingly offering integrated financial products such as "buy now, pay later" schemes, merchant cash advances, and consumer lending directly within their ecosystems. This strategy allows them to leverage existing user trust and convenience to offer competitive lending products, potentially undercutting traditional and online lenders like LendingClub in terms of customer acquisition cost and seamless user experience, thereby eroding market share across personal, small business, and even auto loan segments.
The nascent but rapidly evolving landscape of Decentralized Finance (DeFi) presents another emerging threat to traditional and centralized online lending models. DeFi protocols leverage blockchain technology to facilitate peer-to-peer lending and borrowing without the need for intermediaries such as banks or online marketplaces. If DeFi platforms can overcome current challenges related to regulation, scalability, and user accessibility, they have the potential to offer significantly lower transaction costs, higher transparency, and innovative financial products. This could fundamentally alter the lending ecosystem, attracting both borrowers seeking more flexible and lower-cost options and investors looking for higher yields outside of traditional financial institutions, thus disrupting LendingClub's online marketplace model.
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Here are 3-5 expected drivers of future revenue growth for Happen, Inc. (symbol: HAPN) over the next 2-3 years:
- Deepening engagement and acquisition within the "Motivated Middle" customer segment through Happen Bank's digital platform and behavior-linked rewards. Happen, Inc., formerly LendingClub Corporation, has rebranded and launched Happen Bank as a digital-first, FDIC-insured platform. This platform is specifically designed for "high-FICO, high-income, digitally savvy consumers actively managing their financial lives". The company aims to drive revenue growth by increasing engagement with its more than five million members through innovative behavior-linked banking rewards, such as higher yields for consistent savings and cash back for on-time loan payments, encouraging deeper utilization of its integrated digital financial services.
- Growth in loan originations, especially by capitalizing on the substantial credit card debt refinancing opportunity. Happen (formerly LendingClub) has identified a "historically large credit card debt refinancing opportunity" as a key factor expected to drive a rebound in its marketplace revenue. By expanding its offerings and targeting consumers seeking to consolidate high-interest credit card debt, the company anticipates increasing its personal loan originations.
- Expansion and diversification of its financial product and service offerings. Beyond its traditional personal loan focus, Happen, Inc. offers a comprehensive suite of financial products including Personal Banking, Auto Refinancing, Financing Solutions, Business Loans, and Institutional Investing. The company's strategic shift to a broader digital bank aims to cross-sell these various products and services, fostering revenue growth by catering to a wider range of financial needs for its target demographic.
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Peer Outperformance in Regional Banks
nullShare of Regional Banks constituents that HAPN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
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insufficient peer history
3Y
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insufficient peer history
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insufficient peer history
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Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is HAPN's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Investment Banking & Brokerage | 13 | 7.2% | 132.6% | 145.8% | IBKR 494% · SNEX 244% · GS 187% |
| Reinsurance | 6 | 18.7% | 80.7% | 119.0% | SPNT 135% · RGA 134% · MTG 131% |
| Diversified Banks | 12 | 47.5% | 124.5% | 109.4% | CM 160% · JPM 157% · RY 146% |
| Life & Health Insurance | 19 | 20.3% | 57.4% | 95.5% | UNM 299% · FG 261% · MFC 174% |
| Property & Casualty Insurance | 42 | 14.5% | 74.0% | 67.8% | ASIC 2506900% · HRTG 390% · UVE 268% |
| Regional Banks ← | 264 | 34.2% | 80.0% | 66.9% | RCBC 1775% · ESQ 432% · GCBC 383% |
| Multi-line Insurance | 9 | 16.8% | 80.7% | 62.5% | GNW 170% · L 106% · SLF 88% |
| Consumer Finance | 30 | 14.2% | 84.7% | 41.4% | ENVA 715% · EZPW 365% · AGM 173% |
| Insurance Brokers | 15 | -11.5% | 13.4% | 34.5% | LIFE 620% · AJG 90% · ARX 86% |
| Multi-Sector Holdings | 6 | -3.0% | 17.6% | 33.3% | JEF 94% · BRK-B 76% · VOYA 66% |
| Financial Exchanges & Data | 15 | -5.5% | 11.4% | 31.4% | VIRT 163% · CBOE 147% · NDAQ 64% |
| Asset Management & Custody Banks | 83 | -5.5% | 22.1% | 24.9% | VCTR 295% · WT 289% · SII 265% |
| Commercial & Residential Mortgage Finance | 12 | -26.0% | 29.4% | 7.3% | FNMA 459% · FMCC 433% · ESNT 61% |
| Specialized Finance | 3 | 19.4% | 51.3% | 3.5% | EFC 38% · CACC 4% · HASI -8% |
| Mortgage REITs | 34 | -5.3% | 12.3% | -8.3% | RITM 72% · DX 41% · NREF 37% |
| Transaction & Payment Processing Services | 15 | -1.3% | -3.4% | -41.9% | V 63% · CPAY 62% · MA 61% |
| Diversified Capital Markets | 21 | -45.0% | -16.3% | -46.4% | BTCS 442% · OPY 183% · LPLA 162% |
| Diversified Financial Services | 5 | -15.8% | 62.8% | -50.0% | FRHC 127% · EQH 87% · TMS -50% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 37.78 |
| Mkt Cap | 10.6 |
| Rev LTM | 4,716 |
| Op Inc LTM | - |
| FCF LTM | 228 |
| FCF 3Y Avg | 261 |
| CFO LTM | 1,474 |
| CFO 3Y Avg | 1,360 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.3% |
| Rev Chg 3Y Avg | 6.7% |
| Rev Chg Q | 9.0% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 12.1% |
| CFO/Rev 3Y Avg | 13.7% |
| FCF/Rev LTM | -8.5% |
| FCF/Rev 3Y Avg | -6.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| LendingClub Bank | 981 | 760 | 833 | 1,161 | 760 |
| LendingClub Corporation (Parent Only) | 38 | 50 | 61 | 73 | 143 |
| Intercompany Eliminations | -20 | -23 | -30 | -47 | -84 |
| Total | 999 | 787 | 865 | 1,187 | 819 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| LendingClub Bank | 132 | 48 | 35 | 127 | 79 |
| LendingClub Corporation (Parent Only) | 4 | 4 | 4 | 109 | -8 |
| Intercompany Eliminations | 0 | 0 | 0 | -53 | |
| Total | 136 | 51 | 39 | 237 | 19 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| LendingClub Bank | 11,472 | 10,469 | 8,611 | 7,590 | 4,322 |
| LendingClub Corporation (Parent Only) | 1,134 | 1,138 | 1,144 | 1,186 | 1,317 |
| Intercompany Eliminations | -1,039 | -977 | -927 | -796 | -738 |
| Total | 11,568 | 10,631 | 8,827 | 7,980 | 4,900 |
Price Behavior
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HAPN Betas & Captures as of 7/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.70 | 0.18 | -0.25 | 0.23 | -1.11 | -0.94 |
| Up Beta | 1.43 | 1.63 | -0.93 | 0.30 | -0.58 | 0.27 |
| Down Beta | 0.75 | -1.22 | 1.07 | 1.29 | -2.12 | -0.26 |
| Up Capture | 328% | 171% | 107% | 44% | 20% | 2% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 15 | 15 | 15 | 15 | 15 |
| Down Capture | 390% | 139% | 120% | 62% | 41% | 23% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 12 | 12 | 12 | 12 | 12 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HAPN | |
|---|---|---|---|---|
| HAPN | 3.7% | 43.9% | 0.68 | - |
| Sector ETF (XLF) | 12.4% | 14.5% | 0.58 | 36.6% |
| Equity (SPY) | 22.2% | 12.8% | 1.29 | 65.1% |
| Gold (GLD) | 29.6% | 28.5% | 0.90 | 9.7% |
| Commodities (DBC) | 36.9% | 20.1% | 1.45 | -58.4% |
| Real Estate (VNQ) | 15.2% | 13.9% | 0.78 | 0.3% |
| Bitcoin (BTCUSD) | -47.3% | 42.9% | -1.37 | 21.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HAPN | |
|---|---|---|---|---|
| HAPN | 0.7% | 43.9% | 0.68 | - |
| Sector ETF (XLF) | 11.3% | 18.4% | 0.47 | 36.6% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 65.1% |
| Gold (GLD) | 18.8% | 18.6% | 0.82 | 9.7% |
| Commodities (DBC) | 9.2% | 19.6% | 0.36 | -58.4% |
| Real Estate (VNQ) | 2.2% | 18.9% | 0.01 | 0.3% |
| Bitcoin (BTCUSD) | 9.2% | 52.8% | 0.36 | 21.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HAPN | |
|---|---|---|---|---|
| HAPN | 0.4% | 43.9% | 0.68 | - |
| Sector ETF (XLF) | 13.8% | 22.0% | 0.57 | 36.6% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 65.1% |
| Gold (GLD) | 11.9% | 16.2% | 0.60 | 9.7% |
| Commodities (DBC) | 7.7% | 18.0% | 0.34 | -58.4% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 0.3% |
| Bitcoin (BTCUSD) | 60.3% | 66.1% | 1.00 | 21.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/31/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/31/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/11/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/11/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/19/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Industry Resources
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| SeekingAlpha | ValueLine |
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| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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