Gen Digital Inc (GENVR) Q1 2026 Earnings Report

Gen Digital Inc Contingent Value Rights (GENVR) delivered a strong top line in QQ1 2026, with revenue of $1.257 billion representing a 30.3% year-over-year increase and a 24.5% quarter-over-quarter rise. Gross profit reached $990 million, yielding a robust gross margin of approximately 78.8%, while EBITDA stood at $579 million and operating income at $446 million, translating to an operating margin of ~35.5%. Net income was $135 million, or $0.22 per diluted share, with a net margin of about 10.7%. Free cash flow was solid at $405 million, supported by cash from operations of $409 million, and cash at period-end totaled $828 million. On the balance sheet, Gen Digital displays substantial leverage: total debt of $8.863 billion and net debt of $8.035 billion, against total assets of $16.36 billion and total stockholders’ equity of $2.365 billion. The company carried a large goodwill and intangible asset base (Goodwill and Intangible Assets of $13.316 billion), highlighting elevated impairment risk sensitivity in any downside macro scenario. The QQ1 results also reflect heavy investing activity, with acquisitions contributing to negative investing cash flow (-$873 million) and a cash outflow from financing (-$290 million) driven by debt repayments, share repurchases, and dividends. Notably, GENVR’s contingent value rights (CVRs) add optionality tied to Gen Digital’s stock price under the terms of the MoneyLion acquisition; this creates upside leverage separate from the GAAP earnings trajectory, but also elevates valuation risk depending on equity market performance and CVR mechanics.