Restructuring and cost reductionsmixed · 5 filings
“Restructuring and other costs increased $22 million, primarily due to a $19 million increase in severance and termination benefits in connection with the Fiscal 2027 Plan.”10-Q · Aug 7, 2026 ↗
Gen Digital Inc.
GEN
Market read
Gen Digital Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
What changed
- Revenue increased 27.1% versus the comparable filing period.
- Gross margin fell 1.8 percentage points.
Company+0.7% todayVolume comparison unavailable
Market group0 of 36 activeSoftware - Application · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Reported Trust‑Based Solutions revenue rose to $1,661M in FY2026 (from $759M in FY2025). Monitor future reported segment revenue for changes.
- R&D expense increased $80M in fiscal 2026, driven by headcount, equipment, stock‑based comp, and other costs; track next R&D spend disclosure.
Invalidation: The isolated read changes if GEN's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 27.1% versus the comparable filing period.
- Operating margin improved 1.5 percentage points.
- Net income increased 51.3% versus the comparable filing period.
Evidence that challenges
- Gross margin fell 1.8 percentage points.
What would clarify the read
- Reported Trust‑Based Solutions revenue rose to $1,661M in FY2026 (from $759M in FY2025). Monitor future reported segment revenue for changes.
- R&D expense increased $80M in fiscal 2026, driven by headcount, equipment, stock‑based comp, and other costs; track next R&D spend disclosure.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements110
Verified relationships15
Evidence supporting the case
- Latest annual revenue changed +27.1% year over year.
- Operating margin changed +1.5 percentage points in the latest annual period.
- Net margin changed +3.1 percentage points in the latest annual period.
- Restructuring and cost reductions has repeated favorable evidence across 5 filings.
- Product pipeline and R&D has repeated favorable evidence across 4 filings.
- Demand and volume has repeated favorable evidence across 3 filings.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 35% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 32% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
29.976m+41.1%12m+1.7%24m+15.6%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-04-01$2.8B+9.6%—-1.5%
2023-03-31$3.3B+18.6%—+5.6%
2024-03-29$3.8B+14.6%—+2.9%
2025-03-28$3.9B+3.6%—-2.8%
2026-04-03$5.0B+27.1%—-0.8%
What management says matters
Persistent and emerging business drivers
Product pipeline and R&Dmixed · 4 filings
“Research and development expense, including the impact of the additional week in the first quarter of fiscal 2026, increased $80 million, primarily due to a $31 million increase in headcount costs, a $19 million increase in equipment expenses, a $17 million i…”10-K · May 21, 2026 ↗
Demand and volumepositive · 3 filings
“The following table summarizes supplemental key performance metrics: Three Months Ended (In millions) July 3, 2026 July 4, 2025 Cyber Safety Platform $ 846 $ 869 Trust-Based Solutions 490 388 Total net revenues $ 1,336 $ 1,257 Direct revenues $ 1,063 $ 1,054…”10-Q · Aug 7, 2026 ↗
Legal and regulatory exposurenegative · 3 filings
“General and administrative expense decreased $378 million, primarily due to a $354 million litigation accrual reversal related to our litigation with the Trustees of the University of Columbia in the City of New York (Columbia).”10-K · May 21, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.7× · EV/sales 5.3×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
29.97+0.7% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for GEN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-K filed 2026-05-21 against the comparable filing from 2025-05-15.
OperationsconstructiveEvidence score +4
liquidityneutralEvidence score 0
valuationmixed
What improved
- Revenue increased 27.1% versus the comparable filing period.
- Operating margin improved 1.5 percentage points.
- Net income increased 51.3% versus the comparable filing period.
What weakened
- Gross margin fell 1.8 percentage points.
Filing receipts
“2025 Interest expense $ (569) $ (578) $ 9 Interest income 25 28 (3) Foreign exchange gain (loss) 4 2 2 Loss on early extinguishment of debt (9) — (9) Change in fair value and impairment of non-marketable equity investments (79) (30) (49) Gain on sale of nonfinancial assets 15 — 15 Gain (loss) on sale of properties (1) — (1) Other 5 (3) 8 Non-operating income (expense), net $ (609) $ (581) $ (28) Fiscal 2026 compared to fiscal 2025 Non-operating income (expense), net, increased $28 million, primarily due to a $49 million increase in change in fair value and impairment of our non-marketable equity investments.”
“2025 Cost of revenues $ 1,077 $ 776 39 % Fiscal 2026 compared to fiscal 2025 Cost of revenues, including the impact of the additional week in the first quarter of fiscal 2026, increased $301 million, primarily due to a $197 million increase in partner revenue share mainly in Trust-Based Solutions, a $58 million increase in payment processing fees and a $32 million increase in amortization of intangible assets.”
“Fiscal 2026 compared to fiscal 2025 Sales and marketing expense, including the impact of the additional week in the first quarter of fiscal 2026, increased $483 million, primarily due to a $205 million in loss on sale of Instacash Advances, a $142 million increase in marketing expenses, a $67 million increase in headcount costs and a $46 million increase in stock-based compensation expense.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind GEN
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MSFTMicrosoft CorporationcompetitorMay 21, 2026 ▾
“We face global competition from a broad range of companies, including software providers focusing on cyber safety solutions, platform and ecosystem providers such as Apple, Google and Microsoft, and ‘pure play’ companies that currently specialize in one or a…”
ALLThe Allstate CorporationcompetitorMay 21, 2026 ▾
“Identity and Reputation: Our principal competitors in this segment include credit bureaus such as Equifax, Experian and TransUnion, as well as certain credit monitoring and identity theft protection solutions from others such as Allstate, Aura, Generali (Iris…”
Depended on by
OTEXOpen Text CorporationcompetitorAug 7, 2025 ▾
“Our primary competitor is International Business Machines Corporation (IBM), with numerous other software vendors competing with us in the Information Management sector, such as Box Inc., Hyland Software Inc., Alfresco Software Inc., ServiceNow Inc., Atlassia…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 10 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
GEN is currently a Follower in the organic co-movement group Software - Application. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.