Gen Digital Inc.

Listed Company

GENCIK 0000849399NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Mar 28

Period

FY 2026

Revenue

$5.00B

Net Income

$973.00M

Total Assets

$15.59B

Equity

$2.61B

Shares Out

602.43M

Op. Cash Flow

$1.54B

Business

Gen Digital Inc. provides consumer cyber safety products and services that prevent, detect and restore damages from cyber threats, protecting individuals, families and small businesses across security, identity and privacy categories. It offers award-winning security and performance software, identity protection and restoration services, online privacy tools including VPNs and reputation management, and membership and point-product subscription offerings. The company operates key brand portfolios and product platforms under Norton, Avast, LifeLock, Avira, AVG and related brands. Gen sells globally through direct e-commerce and mobile apps, indirect partner channels, retail/OEM partners and freemium acquisition channels.

Summary from filing dated 2025-05-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Apr 3, 2026 2026-04-03	Mar 28, 2025 2025-03-28	Mar 29, 2024 2024-03-29
Net revenues	5,000	3,935	3,800
Cost of revenues	1,077	776	731
Gross profit	3,923	3,159	3,069
Operating expenses:	—	—	—
Sales and marketing	1,228	745	733
Research and development	409	329	332
General and administrative	−87	291	604
Amortization of intangible assets	218	174	233
Restructuring and other costs	35	7	57
Impairment of intangible assets	0	3	0
Total operating expenses	1,803	1,549	1,959
Operating income (loss)	2,120	1,610	1,110
Interest expense	569	578	669
Other income (expense), net	−40	−3	6
Income (loss) before income taxes	1,511	1,029	447
Income tax expense (benefit)	538	386	−160
Net income (loss)	973	643	607
Net income (loss) per share - basic (in dollars per share)	1.59	1.04	0.95
Net income (loss) per share - diluted (in dollars per share)	1.57	1.03	0.95
Weighted-average shares outstanding:	—	—	—
Basic (in shares)	612	617	637
Diluted (in shares)	619	624	642

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Apr 3, 2026 2026-04-03	Mar 28, 2025 2025-03-28
ASSETS	—	—
Current assets:	—	—
Cash, cash equivalents and restricted cash	411	1,006
Accounts receivable, net	361	171
Other current assets	295	245
Assets held for sale	14	22
Total current assets	1,081	1,444
Property and equipment, net	71	60
Intangible assets, net	2,096	2,267
Goodwill	10,996	10,237
Deferred income tax assets	1,153	1,218
Other long-term assets	192	269
Total assets	15,589	15,495
LIABILITIES AND STOCKHOLDERS’ EQUITY	—	—
Current liabilities:	—	—
Accounts payable	96	94
Accrued compensation and benefits	115	105
Current portion of long-term debt	181	291
Contract liabilities	1,904	1,846
Other current liabilities	414	515
Total current liabilities	2,710	2,851
Long-term debt	8,015	7,968
Long-term contract liabilities	73	77
Deferred income tax liabilities	198	222
Long-term income taxes payable	1,588	1,420
Other long-term liabilities	394	688
Total liabilities	12,978	13,226
Commitments and contingencies (Note 18)	—	—
Stockholders’ equity (deficit):	—	—
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 598 and 617 shares issued and outstanding as of April 3, 2026 and March 28, 2025, respectively	2,341	2,066
Accumulated other comprehensive income (loss)	1	−33
Retained earnings (accumulated deficit)	269	236
Total stockholders’ equity (deficit)	2,611	2,269
Total liabilities and stockholders’ equity	15,589	15,495

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Apr 3, 2026 2026-04-03	Mar 28, 2025 2025-03-28	Mar 29, 2024 2024-03-29
OPERATING ACTIVITIES:	—	—	—
Net income (loss)	973	643	607
Adjustments:	—	—	—
Amortization and depreciation	493	419	485
Impairments and write-offs of current and long-lived assets	0	7	−3
Stock-based compensation expense	237	133	138
Loss on sale of Instacash Advances	−205	0	0
Deferred income taxes	−92	32	991
Loss on extinguishment of debt	−9	0	0
Gain on sale of nonfinancial assets	15	0	0
Gain on sale of properties	0	0	9
Non-cash operating lease expense	18	16	18
Change in fair value and impairment of non-marketable equity investments	79	30	40
Foreign currency remeasurement loss (gain)	−54	2	18
Legal contract dispute cost	0	−66	0
Other	−47	−13	−40
Changes in operating assets and liabilities, net of acquisitions:	—	—	—
Accounts receivable, net	32	53	−7
Accounts payable	−48	26	−12
Accrued compensation and benefits	8	27	−24
Contract liabilities	74	36	47
Income taxes payable	−96	−80	446
Instacash Advances held for sale, net	−205	0	0
Other assets	−16	−86	−861
Other liabilities	−364	−114	432
Net cash provided by (used in) operating activities	1,545	1,221	2,064
INVESTING ACTIVITIES:	—	—	—
Purchases of property and equipment	22	15	20
Purchase of non-marketable equity investments	0	4	0
Payments for acquisitions, net of cash acquired	1,032	84	0
Payments for originations of notes receivable	283	0	0
Proceeds from principal repayments of notes receivable	253	0	0
Proceeds from the maturities and sales of short-term investments	13	0	0
Proceeds from the sale of properties	21	0	25
Proceeds from sale of nonfinancial assets	40	0	0
Other	1	−3	3
Net cash provided by (used in) investing activities	−1,011	−100	2
FINANCING ACTIVITIES:	—	—	—
Repayments of debt	3,620	1,311	1,183
Proceeds from issuance of debt, net of issuance costs	3,475	941	0
Net proceeds from sales of common stock under employee stock incentive plans	13	11	12
Tax payments related to vesting of stock units	55	26	26
Dividends and dividend equivalents paid	312	313	323
Repurchases of common stock	634	272	441
Net cash provided by (used in) financing activities	−1,133	−970	−1,961
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash	4	9	−9
Change in cash, cash equivalents and restricted cash	−595	160	96
Ending cash, cash equivalents and restricted cash	—	—	—
Ending cash, cash equivalents and restricted cash	—	—	—

Filings

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