Happen

Q2 FY2026 EarningsQ2 FY2026 beat consensus on top and bottom lines, with revenue of $262.9M exceeding the $262.4M expected and diluted EPS of $0.50 significantly outperforming the $0.42 mean consensus. Net income of $58.1M beat the $49.0M expected, driven by a 29% YoY surge in loan originations and strong credit performance resulting in a provision benefit of $10.9M. While the transition to fair value accounting for HFI loans accelerated revenue and marketing recognition, overall profitability was bolstered by an improved credit outlook and higher interest-earning assets.