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- Material Weakness (new) — Inherited material weakness from MoneyLion involving unauthorized cash disbursements in Credit Builder Loan product; remediation underway but not yet validated under Gen's control framework.
Gen Digital adds MoneyLion financial services, grows revenue 27% to $5.0B amid inherited controls weakness
Filed May 21, 2026 · Period ending April 3, 2026 · Compared to 10-K May 15, 2025 · ~1 min read
Key Changes
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MoneyLion acquisition contributed $823M revenue (16% of total) and expanded Gen into banking, lending, and financial marketplace products, but brought inherited material weakness in Credit Builder Loan cash disbursement controls.
Business / Controls view on EDGAR → -
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Operating income rose $510M driven by $354M Columbia litigation accrual reversal, offset by $205M loss on sale of Instacash Advances product line during MoneyLion integration.
MD&A: Operating Results verify on EDGAR → -
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Paid customers grew 22% to 79M, but metric now includes MoneyLion transaction users alongside traditional subscriptions, making year-over-year comparison difficult; prior ARPU and retention metrics discontinued.
MD&A: Performance Metrics verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · May 25, 2026 9:35 PM