Gen Digital Inc.

Company facts

Industry

Services-Prepackaged Software

Headquarters

Tempe, Arizona

Most recent report

10-Q, filed Aug 7, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 849399

Fiscal year ends

March

Filer status

Large accelerated filer

What to read: Jul 2026 10-Q

SECSift found 5 of 11 sections worth reading, with 3 positive, 11 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Full statements with detailed notes; litigation, debt, and segment shifts are company-specific.
  Notable

  • Instacash Advance sale facility raised from $225M to $300M and extended to July 30, 2028.
  • New restructuring plan approved with ~$50M total cost; $32M incurred in Q1 2027 for workforce and facility cuts.
  • Columbia patent litigation accrual reduced to $256M from ~$609M; favorable appeal still pending. $256M remains.
  Negative

  • MALKA acquisition litigation: court awarded $67M against MoneyLion; accrued in long-term obligations.

• Management's Discussion (Item 2)

  Real results: revenue growth, segment shifts, cash flow, debt, repurchases, and restructuring. Not boilerplate.
  Positive

  • Net income rose 59% to $215M in Q1 2027, helped by lower interest and taxes.
  • Trust-Based Solutions grew $102M in Q1 2027, led by Financial Wellness.
  • Operating cash flow improved to $434M in Q1 2027; cash balance up to $564M from $411M.
  Notable

  • Cyber Safety revenue fell $23M reported in Q1 2027, but grew after adjusting for the prior-year extra week.
  • Share repurchases slowed to $100M in Q1 2027 from $134M a year ago; authorization $1.994B remains.

• Market Risk (Item 3)

  Debt composition changed: variable-rate debt fell, fixed-rate fair value dropped, and interest rate swaps expired.
  Notable

  • Fair value of fixed-rate debt fell from $2.51B to $2.45B as interest rates changed. (Q1 2027).
  • Variable-rate debt decreased from $6.04B to $5.78B, reducing SOFR sensitivity. (Q1 2027 vs FY2026).

• Controls and Procedures (Item 4)

  Prior material weakness on MoneyLion is absent; substantive change from prior filing.
  Notable

  • MoneyLion material weakness from prior period not discussed; may indicate remediation or full integration.

• Risk Factors (Item 1A)

  Risk Factors updated with new debt profile, expanded AI risks, removal of hedging risk.
  Notable

  • AI risk factor greatly expanded; now addresses AI-enabled threats, agentic AI, federal and state regulation.
  • Acquired MoneyLion in April 2025; CVRs entitle holders to stock if price hits $37.50 within 2 years.
  • Outstanding debt $8,230M as of July 3, 2026, maturing 2027-2033; $1,495M available on revolver.

What changed: Jul 2026 vs. Jan 2026

About 17% of GEN's Jul 2026 10-Q is new information. 89 paragraphs were added, 217 changed, and 246 removed. Below are the most important lines SECSift identified.

• Item 1A 120
• Item 1 78
• Item 2 41
• Item 3 7
• Item 5 6
• Item 4 4
• Item 6 2