Gen Digital Inc. · NASDAQ:GEN

Gen Digital — Q1 2026 Earnings Presentation

40 slides from Gen Digital's earnings presentation, Aug 7, 2025

Slide 1: Q1 FY26 Earnings
Q1 FY26 Earnings August 7, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements which may be considered forward -looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as “expect,” “will,” “continue,” or similar ex p
Slide 3: Purpose and Mission: Powering Digital Freedom
Purpose Powering Digital Freedom Mission We create innovative and easy-to-use technology solutions that help people grow, manage, and secure their digital and financial lives. Copyright © 2025 Gen Digital Inc. All rights reserved. 3
Slide 5: Leader in consumer Cyber Safety & Financial Wellness
: Leader in consumer Cyber Safety & Financial Wellness Tech Powerhouse Global Reach Business Segments 10B+ 10PB ~500M 75M+ Cyber Safety Platform: Security & Privacy Attacks blocked Threat Data used Users Paid Customers Secure against cyber threats to train AI models Safeguard personal data 2,000 4B+
Slide 6: Gen is at the Center of the Consumer Digital Life
Parental controls Privacy VPN Ransomware shield Password manager Gen is at the Secure backup Anti-virus Private secure browser Anti-track Center of the Scam protection Digital vault Consumer Security TRUST Identity Digital Life Personal finance Fraud alerts Financial marketplace Financial monitoring
Slide 7: Two synergistic businesses that bring our vision to life
Two synergistic businesses that bring our vision to life CYBER SAFETY TRUST-BASED PLATFORM SOLUTIONS Deliver technology solutions and Provide innovative solutions and superior threat protection so people Powering Digital insights that empower consumers to navigate the digital world, securely, privat
Slide 8: Broad consumer portfolio anchored on trust & security
Broad consumer portfolio anchored on trust & security Providing Trust-Based Solutions in a digitally safe world Monitor ing Restoration & Reputation Ear ned W age Personal Digital Financial & Alerts Frau d Support Manag ement Access Fin Mgm t. Banking Marketplace Anti-Vir us & Utilities & VPN Privat
Slide 9: Protecting & empowering in an evolving threat landscape
Protecting & empowering in an evolving threat landscape Threat sophistication Award-winning products First known AI-powered ransomware discovered Data breaches increased 21% Financial scams and fraud surging on social media “Norton VPN is the revamped privacy suite – 5K+ fraudulent and it's remarkab
Slide 10: Strengthened our scam protection with deepfake detection
Strengthened our scam protection with deepfake detection Norton Deepfake Detection rolled out into Norton 360 with Genie AI assistant (early access) Spot AI-generated deepfake audio and videos Norton Deepfake Detection built into select AI PCs In-device real-time scam detection in Windows AI PCs pow
Slide 11: Building the best-in-class consumer Cyber Safety portfolio
Building the best-in-class consumer Cyber Safety portfolio “… one of the most intuitive VPN interfaces” “Norton VPN is the revamped privacy suite – and it's remarkably good” Copyright © 2025 Gen Digital Inc. All rights reserved. 11
Slide 12: Expansion into Financial Wellness with MoneyLion
Expansion into THE MOST COMPREHENSIVE Financial CONSUMER FINANCE DIGITAL ECOSYSTEM Personal Financial Management (PFM) Marketplace Products & Offers Wellness with MoneyLion AI Powered PFM Money / Adjacent Loan s Insurance Insights Con tent and Comm unity Personal, Student, Auto, Home Auto, Life, Hom
Slide 13: The Ultimate Financial Marketplace
The Ultimate Financial Marketplace Massive ecosystem of 1,300+ partners drove ~90M total customer inquiries in Q1 FY26 Powered By Our Diversified Mix of Channel Partners Embedded Finance Technology Deep Integrations with Select Product Partners Mass Personal News Sites Loans Credit Auto Loan Agency
Slide 15: Q1 Non-GAAP Financial Highlights
Q1 Non-GAAP Financial Highlights • Accelerating topline growth to 30%+ reported, up 5%+ excl. MoneyLion and benefit of extra fiscal week(1) • Robust operating margins at 52%, with 60%+ margin in Cyber Safety Platform • 7th quarter of double-digit EPS growth, driven by focused execution and balanced
Slide 16: Strong start to FY26
Strong start to FY26 Non-GAAP P&L Q1 Q1 Record Q1 Revenue of $1,257M, up 30% (1) FY25 FY26 Y/Y % ($mil), except per share amounts • Extra fiscal week (2) contributed ~9 pts of growth Revenue $965 $1,257 30% • Adjusted Growth excluding the extra fiscal week: Gross Profit 833 1,057 27% MoneyLion: up 4
Slide 17: Cyber Safety Platform
Cyber Safety Platform Stable, resilient growth with robust margins above 60% Segment Performance • Cyber Safety Platform includes our security, (Dollars in millions, unless otherwise indicated) cyber safety suites, and privacy business lines Q1 Q1 • Bookings and Revenue growth up 4% FY25 FY26 Y/Y %
Slide 18: Trust-Based Solutions
Trust-Based Solutions Accelerated performance while driving business integration of MoneyLion Segment Performance • Trust-Based Solutions includes our identity, (Dollars in millions, unless otherwise indicated) reputation, and financial wellness business lines Q1 Q1 • Bookings and Revenue up 25% adj
Slide 19: Other Performance Metrics
Other Performance Metrics Revenue by Channel • Direct revenue reflects subscriptions sold (in millions) directly through e-commerce or mobile channels, and revenue generated from Q1 Q1 financial transactions directly made through FY25 FY26 Y/Y % Gen. • Adjusted (1) growth of 6% Direct $852 $1,068 25
Slide 20: Other Performance Metrics: Total Paid Customers
Other Performance Metrics Total Paid Customers Scaled Gen Paid Customers to 76.2M (in millions) • We are expanding our primary customer metric to include all of Gen’s Paid Customers. We believe this 7.6 0.6 76.2 better reflects the scale of our customer base as our 27.6 ~650K Q/Q business model and
Slide 21: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Key Balance Sheet, Cash Flow, Q1 Q4 Q1 • Liquidity of $2.3B+ & Other Metrics ($ millions) FY25 FY25 FY26 • $0.8B cash + $1.5B revolver undrawn Balance Sheet Cash and Cash Equivalents $644 $1,006 $828 Contract Liabilities $1,819 $1,923 $1,873 • Debt / EBITDA (1) Net Leverage
Slide 22: Raising FY26 Non-GAAP Annual Guidance
Raising FY26 Non-GAAP Annual Guidance Raised both Revenue and EPS FY26 Key Assumptions: Reflects H1 momentum, with MoneyLion Revenue up 22 - 25% Y/Y business model transition expected in H2 FY26 • MoneyLion: up 30%+ • Gen + MoneyLion: up high-single digits Q2 Full Year Prior • Gen excl. MoneyLion: u
Slide 24: Performance Metrics (Previous Reporting)
Performance Metrics (Previous Reporting) REVENUE excl. MoneyLion ($mil) DIRECT METRICS (Previous Reporting) (3) (3) Q1 Q4 Q1 Y/Y % Q1 Q4 Q1 Y/Y FY25 FY25 FY26 USD FY25 FY25 FY26 Direct (1) $850 12% Direct Customers 39.3M 40.4M 40.6M 1.3M $877 $949 (Q/Q change) +192K +322K +250K + Partners $101 $121
Slide 25: Trended Non-GAAP Segment Financials and Performance Metrics
Trended Non-GAAP Segment Financials and Performance Metrics ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Cyber Safety Platform: Segment Revenue $780 $789 $799 $808 $3,176 $869 Operating Income $466 $470 $479 $496 $1,911 $530 Operating Margin 60% 60% 60% 61% 60% 61% Trust-Based Solutions: Segmen
Slide 26: MoneyLion: 23.7M Lifetime Customers as of Q1 FY26
MoneyLion: 23.7M Lifetime Customers (1) as of Q1 FY26 The full ecosystem for AI-powered recommendations (in millions) +1.6M 23.7 22.1 20.4 18.7 17.0 15.5 14.0 1 023 Y24 Q4 2023 Q3 FY24 Q1 FY24 Q4 2024 Q2 FY25 Q1 2024 Q3 FY25 Q2 2024 Q4 FY25 Q3 2024 Q1 FY25 Q4 2025 Q2 FY26 Q1 2025 Q/Q growth 10% 10%
Slide 27: Capital Structure
Capital Structure Facility Principal ($mil) Maturity Coupon Debt Maturities in $mil (Initial Principal Amounts) ROAR 2 SPV Credit Facility $49 2026 12.5% As of July 04, 2025 If drawn: Revolver (RCF): undrawn $1,500 2027 SOFR+CSA+1.5% Term Loan A (TLA) $3,346 2027 SOFR+CSA+1.5% Term Loan B (TLB) $2,3
Slide 28: Trended Non-GAAP Quarterly Results
Trended Non-GAAP Quarterly Results Non-GAAP P&L Q1 FY25 Q1 FY26 ($M), except per share amounts Q2 FY25 Q3 FY25 Q4 FY25 FY25 Cyber Safety Platform 780 789 799 808 3,176 869 Trust-Based Solutions 185 185 187 202 759 388 TOTAL REVENUE $965 $974 $986 $1,010 $3,935 $1,257 Y/Y % 3% 3% 4% 5% 4% 30% Gross P
Slide 29: Reconciliation to Non-GAAP Gross Profit
Reconciliation to Non-GAAP Gross Profit GAAP to Non-GAAP Gross Profit ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 GAAP Results of Operation Gross profit (GAAP) $775 $780 $793 $811 $3,159 $990 Non-GAAP Gross Profit Adjustments Cost of revenues • Stock-based compensation 1 1 1 1 4 2 • Amortizati
Slide 30: Reconciliation to Non-GAAP Operating Income
Reconciliation to Non-GAAP Operating Income GAAP to Non-GAAP Operating Income ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 GAAP Results of Operation Operating income (GAAP) $417 $402 $374 $417 $1,610 $446 Total Non-GAAP gross profit adjustment 58 59 57 57 231 67 Non-GAAP Operating Expense Adjus
Slide 31: Reconciliation to Non-GAAP Net Income
Reconciliation to Non-GAAP Net Income GAAP to Non-GAAP Net Income ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 GAAP Results of Operation Net income (GAAP) $181 $161 $159 $142 $643 $135 Total Non-GAAP gross profit adjustment 58 59 57 57 231 67 Total Non-GAAP operating expense adjustment 89 106 1
Slide 32: Reconciliation to Non-GAAP EPS and Net Income
Reconciliation to Non-GAAP EPS and Net Income GAAP to Non-GAAP EPS and Net Income (1) Q1 FY26 ($M), except per share amounts EPS Net Income GAAP EPS / Net Income $0.22 $135 • Stock based compensation 0.11 66 • Amortization of intangible assets 0.19 119 • Restructuring and other costs 0.02 10 • Acqui
Slide 33: Reconciliation to Non-GAAP (Unlevered) Free Cash Flow
Reconciliation to Non-GAAP (Unlevered) Free Cash Flow Unlevered Free Cash Flow Reconciliation ($M) Q1 FY26 Net Cash Flow from Operating Activities $409 Adjustments: • Capital Expenditures (4) Free Cash Flow $405 Adjustments: • Cash paid for interest expense, net of interest rate hedges $185 Unlevere
Slide 34: Trended GAAP Revenue by Geo
Trended GAAP Revenue by Geo Revenue by Geo ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 US 579 584 589 606 2,358 819 Rest of Americas 57 57 58 57 229 60 Americas 636 641 647 663 2,587 879 EMEA 233 233 240 247 953 268 APJ 96 100 99 100 395 110 Total Revenue $965 $974 $986 $1,010 $3,935 $1,257 No
Slide 35: Trended EBITDA (Non-GAAP)
Trended EBITDA (Non-GAAP) Reported EBITDA (Non-GAAP)(1) ($M) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 FY25 Q1 FY26 Net income $181 $161 $159 $142 $643 $135 Adjustments: • Net interest expense 145 143 135 127 550 147 • Income tax expense (benefit) 95 97 49 145 386 165 • Depreciation and amortization 105 106 1
Slide 36: Debt Covenant EBITDA (Non-GAAP)
Debt Covenant EBITDA (Non-GAAP) Debt Covenant EBITDA (Non-GAAP) (1) ($M) LTM (3) Net income $597 Adjustments: • Net interest expense 552 • Income tax expense (benefit) 456 • Depreciation and amortization 437 EBITDA (Non-GAAP) $2,042 Adjustments to EBITDA: • Stock-based compensation 169 • Restructuri
Slide 37: Use of GAAP and Non-GAAP Financial Information
Use of GAAP and Non-GAAP Financial Information We use non-GAAP measures of operating margin, operating income, net income, results of operations, and earnings per share, which are adjusted from results based on GAAP and exclude certain expenses, gains and losses. We also provide the non-GAAP metrics
Slide 38: Explanation of Non-GAAP Measures and Other Items
Explanation of Non-GAAP Measures and Other Items Bookings: Bookings are defined as customer orders received that are expected to generate net revenues in the future. We present the ope rational metric of bookings because it reflects customers' demand for our products and services and to assist reade
Slide 39: Explanation of Non-GAAP Measures and Other Items
Explanation of Non-GAAP Measures and Other Items Prior Performance Metrics: excluding MoneyLion Direct customer count: Direct customers is a metric designed to represent active paid users of our products and solutions who have a direct billin g and/or registration relationship with us at the end of

Gen Digital — Q1 2026 Earnings Presentation on 6ix

Gen Digital — Q1 2026 Earnings Presentation

Slide 1: Q1 FY26 Earnings

Slide 2: Forward-Looking Statements

Slide 3: Purpose and Mission: Powering Digital Freedom

Slide 4: Business & Portfolio Highlights

Slide 5: Leader in consumer Cyber Safety & Financial Wellness

Slide 6: Gen is at the Center of the Consumer Digital Life

Slide 7: Two synergistic businesses that bring our vision to life

Slide 8: Broad consumer portfolio anchored on trust & security

Slide 9: Protecting & empowering in an evolving threat landscape

Slide 10: Strengthened our scam protection with deepfake detection

Slide 11: Building the best-in-class consumer Cyber Safety portfolio

Slide 12: Expansion into Financial Wellness with MoneyLion

Slide 13: The Ultimate Financial Marketplace

Slide 14: FY26 Q1 Results

Slide 15: Q1 Non-GAAP Financial Highlights

Slide 16: Strong start to FY26

Slide 17: Cyber Safety Platform

Slide 18: Trust-Based Solutions

Slide 19: Other Performance Metrics

Slide 20: Other Performance Metrics: Total Paid Customers

Slide 21: Balance Sheet & Cash Flow

Slide 22: Raising FY26 Non-GAAP Annual Guidance

Slide 23: Supplemental Information

Slide 24: Performance Metrics (Previous Reporting)

Slide 25: Trended Non-GAAP Segment Financials and Performance Metrics

Slide 26: MoneyLion: 23.7M Lifetime Customers as of Q1 FY26

Slide 27: Capital Structure

Slide 28: Trended Non-GAAP Quarterly Results

Slide 29: Reconciliation to Non-GAAP Gross Profit

Slide 30: Reconciliation to Non-GAAP Operating Income

Slide 31: Reconciliation to Non-GAAP Net Income

Slide 32: Reconciliation to Non-GAAP EPS and Net Income

Slide 33: Reconciliation to Non-GAAP (Unlevered) Free Cash Flow

Slide 34: Trended GAAP Revenue by Geo

Slide 35: Trended EBITDA (Non-GAAP)

Slide 36: Debt Covenant EBITDA (Non-GAAP)

Slide 37: Use of GAAP and Non-GAAP Financial Information

Slide 38: Explanation of Non-GAAP Measures and Other Items

Slide 39: Explanation of Non-GAAP Measures and Other Items

Slide 40: Thank you