Gen Digital said net revenues for the quarter ended December 27, 2024 increased $38 million, with increases of $21 million in consumer security products and $20 million in identity and information protection products, partially offset by a decrease of $3 million in legacy product offerings.

10-QQuarterly reportFiled Jan 31, 2025Period of report Dec 27, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

Gen Digital said net revenues for the quarter ended December 27, 2024 increased $38 million, with increases of $21 million in consumer security products and $20 million in identity and information protection products, partially offset by a decrease of $3 million in legacy product offerings.
The company said operating income for the first 9 months of fiscal 2025 increased $480 million, citing increased net revenues, decreased legal costs, lower amortization of intangible assets and reduced restructuring costs related to the Avast acquisition.
Gen Digital said net income for the quarter increased $17 million. Non-operating expense increased $12 million, and the company cited an impairment expense on non-marketable equity investments of $30 million and a decrease in interest expense related to its Term B facility of $19 million.
The company said cash and cash equivalents as of December 27, 2024 totaled $883 million, it repurchased $272 million of common stock over 9 months, and it entered into a definitive agreement to acquire MoneyLion Inc. on December 10, 2024.

Key figures

Quarter ended December 27, 2024

Revenue: $986M
Operating income: $374M
Net income: $159M
EPS: $0.26
Gross profit: $793M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly net revenues increased $38 million

Gen Digital said net revenues for the quarter ended December 27, 2024 increased $38 million, with increases of $21 million in consumer security products and $20 million in identity and information protection products, partially offset by a decrease of $3 million in legacy product offerings.

Source · Based on the MD&A text of the filing

Operating income for 9 months increased $480 million

The company said operating income for the first 9 months of fiscal 2025 increased $480 million, citing increased net revenues, decreased legal costs, lower amortization of intangible assets and reduced restructuring costs related to the Avast acquisition.

Source · Based on the MD&A text of the filing

Quarterly net income and non-operating items

Gen Digital said net income for the quarter increased $17 million. Non-operating expense increased $12 million, and the company cited an impairment expense on non-marketable equity investments of $30 million and a decrease in interest expense related to its Term B facility of $19 million.

Source · Based on the MD&A text of the filing

Cash, stock repurchases and MoneyLion acquisition agreement

The company said cash and cash equivalents as of December 27, 2024 totaled $883 million, it repurchased $272 million of common stock over 9 months, and it entered into a definitive agreement to acquire MoneyLion Inc. on December 10, 2024.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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