Financial Wellness - The report indicates a decline in the financial wellness of the mass affluent [1] Report Type - The report is named "The Mass Affluent Report" [1]

Core Insights - Oportun has awarded 25 scholarships in 2025 to students from California and Texas, recognizing their commitment to education and community despite financial challenges [1][3] - Each scholarship recipient will receive four years of access to Oportun's Set and Save™ app and a savings match of up to $500 [2] - The scholarship program has supported 56 scholars over the past three years, focusing on students pursuing full-time undergraduate education in accredited institutions [4] Scholarship Program Details - The program prioritizes students in non-medical STEM or finance-related majors, requiring an essay on education value and financial wellness [5] - Applications for the 2026 scholarship program will open after January 1, 2026, with details to be announced in the Spring [5] Company Overview - Oportun is a mission-driven financial services company that has provided over $20.8 billion in responsible credit and saved members more than $2.5 billion in interest and fees [6] - The company aims to empower members with tools for intelligent borrowing, savings, and budgeting, helping them set aside an average of over $1,800 annually [6]

Financial Data and Key Metrics Changes - In Q1, bookings and revenue grew over 30% year over year on a reported basis and 10% on a pro forma basis [6][24] - Non-GAAP operating margins remained robust at 52% and non-GAAP EPS exceeded guidance at $0.64, up 20% year over year [6][34] - Q1 revenue was $1.26 billion, up 30% year over year, with an extra fiscal week contributing approximately nine points to reported growth [24][25] - Excluding MoneyLion's contribution and the extra fiscal week, revenue increased 5% year over year [6][25] Business Line Data and Key Metrics Changes - The Cyber Safety Platform represented two-thirds of Q1 revenue, growing 11% on a reported basis and 4% when normalizing for the extra week [8] - Trust Based Solutions represented one-third of revenue, growing over 100% on a reported basis and 25% when normalized for the extra week and MoneyLion baseline [12] - MoneyLion's revenue grew 45% pro forma, driven by strong performance in personal financial management and its AI-powered financial marketplace [15][39] Market Data and Key Metrics Changes - Direct revenue channels grew 25% as reported and 6% pro forma, with strong fundamentals across channels and geographies [26] - Partner channels grew 68% as reported and 38% pro forma, driven by strength in employee benefits and international partnerships [27] - The total paid customer count reached over 76 million, with 40.6 million direct paid customers and 28 million engaged through partner channels [30][31] Company Strategy and Development Direction - The company is focused on product innovation and integration of MoneyLion, aiming to enhance customer experience and drive growth [5][7] - A unified go-to-market model and an AI-first strategy are being implemented to deepen competitive advantages and enhance agility [21] - The company is raising its annual revenue guidance by $100 million to a range between $4.8 billion to $4.9 billion, reflecting confidence in growth prospects [21][39] Management Comments on Operating Environment and Future Outlook - Management highlighted the importance of staying ahead of evolving cyber threats and emphasized a commitment to AI-driven innovation [10][12] - The company remains optimistic about the integration of MoneyLion and the potential for cross-selling opportunities [48][80] - Despite macroeconomic uncertainties, the business is resilient, supported by a recurring revenue base and strong customer retention [39] Other Important Information - The company plans to host an investor briefing on September 8 to provide deeper insights into its strategic direction [18] - The Q1 ending cash balance was $828 million, with operating cash flow of $409 million and free cash flow of $405 million, up 55% year over year [35][36] Q&A Session Summary Question: Can you discuss the fundamental trends in MoneyLion's business? - Management noted that MoneyLion's growth has accelerated, with a reported growth rate of 45% in Q1, driven by strong customer acquisition and increased transactional products per customer [44][46] Question: How does the company view pricing as a lever for monetization? - Management emphasized a strategy focused on innovation and delivering value, which allows for potential ARPU increases as new products are launched [49][55] Question: What operational improvements have been implemented in MoneyLion? - Management highlighted the focus on growth and operational integration, with expectations of continued innovation and margin improvement as the business scales [60][61] Question: What are the growth expectations for the Cyber Safety and Trust Based Solutions segments? - Management expects mid single-digit growth for the Cyber Safety segment and double-digit growth for Trust Based Solutions as MoneyLion is integrated [75][76] Question: Can you elaborate on the transition of MoneyLion's business model? - Management indicated plans to develop a membership structure to enhance customer engagement and retention, which may impact short-term bookings but drive long-term value [80]

Financial Data and Key Metrics Changes - In Q1, bookings and revenue grew over 30% year over year on a reported basis and 10% on a pro forma basis [6] - Non GAAP operating margins remained robust at 52% and non GAAP EPS exceeded guidance at $0.64, up 20% year over year [6][36] - Q1 bookings were $1.2 billion, up 32% year over year, and revenue was $1.26 billion, up 30% year over year [25] Business Line Data and Key Metrics Changes - The Cyber Safety Platform represented two-thirds of Q1 revenue, growing 11% on a reported basis and 4% when normalizing for the extra week [9] - Trust Based Solutions represented one-third of revenue, growing over 100% on a reported basis and 25% when normalized for the extra week and MoneyLion baseline [13] - MoneyLion's revenue grew 45% pro forma, driven by personal financial management offerings and the AI-powered financial marketplace [15] Market Data and Key Metrics Changes - The direct revenue channels grew 25% as reported and 6% pro forma, with strong fundamentals across channels and geographies [27] - Partner channels grew 68% as reported and 38% pro forma, driven by strength in employee benefits and international partnerships [28] - The total paid customer count reached over 76 million, with 40.6 million direct paid customers and 28 million engaged through partner channels [30][32] Company Strategy and Development Direction - The company is focused on product innovation and integration of MoneyLion, with plans to launch the first integrated product under Gen's brand by fall [7][18] - The strategy includes leveraging AI for operational efficiency and customer engagement, aiming to become an AI-first company [20][21] - The company raised its annual revenue guidance by $100 million to a range of $4.8 billion to $4.9 billion, reflecting confidence in growth [21][41] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the business amid macroeconomic uncertainty, supported by a recurring revenue base and strong customer retention [41] - The evolving cyber threat landscape necessitates continuous innovation and proactive measures to protect consumers [10][11] - The integration of MoneyLion is expected to enhance customer engagement and retention, driving long-term value creation [18][82] Other Important Information - The company plans to host an investor briefing on September 8 to discuss strategic direction and MoneyLion's product portfolio [17] - Q1 operating income was $650 million, translating to a 52% operating margin, with high margins expected to continue [35] - The company repurchased nearly 5 million shares during Q1 and paid down $180 million in debt [38] Q&A Session Summary Question: Can you discuss the fundamental trends in MoneyLion's business? - Management noted that MoneyLion's growth accelerated to 45% in Q1, with strong performance in both personal financial management and the marketplace [46][48] Question: How does the company view pricing as a lever for monetization? - The strategy focuses on delivering innovative products that enhance customer protection, which in turn justifies price increases and higher ARPU [50][56] Question: What operational improvements have been implemented in MoneyLion? - Management highlighted the focus on growth and operational integration, with expectations for continued innovation and margin improvement [62][63] Question: What drove the strength in the Cyber Safety business in Q1? - The company attributed the strength to cross-selling, upselling, and strong retention rates, maintaining a mid single-digit growth rate [72][73] Question: How will the growth rates of the new reporting segments be structured going forward? - Cyber Safety is expected to maintain mid single-digit growth, while Trust Based Solutions is projected to see double-digit growth as it integrates with MoneyLion [76]

Financial Performance - Gen Digital reported Q1 FY26 revenue of $1.257 billion, a 30% year-over-year increase[31] - Bookings increased by 32% year-over-year to $1.202 billion in Q1 FY26[31] - Operating income for Q1 FY26 was $650 million, a 15% year-over-year increase[31] - EPS for Q1 FY26 reached $0.64, a 20% year-over-year increase[31] - The company is raising FY26 revenue guidance to $4.80 - $4.90 billion and EPS guidance to $2.49 - $2.56[52] Segment Performance - Cyber Safety Platform revenue increased by 11% year-over-year to $869 million in Q1 FY26, with an operating margin of 61%[37] - Trust-Based Solutions revenue increased by 110% year-over-year to $388 million in Q1 FY26[39] Customer Metrics - Gen Digital has scaled total paid customers to 76.2 million[45] - MoneyLion has 23.7 million lifetime customers as of Q1 FY26[60] Balance Sheet and Cash Flow - The company's free cash flow was $405 million in Q1 FY26[47] - Gen Digital's Debt/EBITDA Net Leverage is 3.4x[49]

Core Insights - Gen Digital Inc. is set to host an investor event to discuss its strategic expansion into Financial Wellness following the acquisition of MoneyLion [1][2] - The event will cover the company's vision for financial wellness, platform integration, product capabilities, and market strategies [1] - Gen aims to combine cyber safety and financial wellness solutions to provide value for consumers and shareholders in a digital-first environment [1] Event Details - The Financial Wellness Opportunity: Analyst and Investor Briefing 2025 is scheduled for September 8, 2025, from 10:30 AM to 12:30 PM EST in New York City [2] - A live webcast of the event will be available on the company's investor relations website and will be accessible for replay for one year [2] Company Overview - Gen Digital Inc. (NASDAQ: GEN) focuses on empowering Digital Freedom through its consumer brands, including Norton, Avast, LifeLock, and MoneyLion [3] - The company aims to provide financial empowerment and cyber safety for digital generations, serving nearly 500 million users across more than 150 countries [3] - Gen offers award-winning products and services in cybersecurity, online privacy, identity protection, and financial wellness [3]

Financial Data and Key Metrics Changes - Fiscal year 2025 total bookings reached a record $4 billion, up 4% year over year, with revenue exceeding the high end of annual guidance [8][25] - Non-GAAP operating margin was a record 58.4%, reflecting strong cost controls and operational efficiencies [9][26] - Non-GAAP EPS was $2.22, marking a 15% increase year over year and at the high end of annual guidance [9][26] - Unlevered free cash flow was nearly $2 billion, with net leverage reduced to 3.2 times EBITDA [9][34] Business Line Data and Key Metrics Changes - Direct revenue in Q4 was $877 million, up 4% in constant currency, with a total Q4 revenue exceeding $1 billion for the first time at $1.01 billion, also up 5% [27][26] - Partner revenue in Q4 was $121 million, up 15% year over year, driven by strong growth in the employee benefits channel [31][32] - The identity theft protection segment saw double-digit growth internationally, with increased demand for LifeLock following major data breaches [12][14] Market Data and Key Metrics Changes - The direct customer count increased by 1.3 million to over 40.4 million direct paid customers, with a total of over 65 million direct and indirect paid customers [15][28] - Approximately 45% of direct customers now have comprehensive cyber safety memberships, reflecting the increasing value of the product portfolio [15][30] - The company expanded its privacy and identity products into 15 new markets, achieving encouraging early results [14] Company Strategy and Development Direction - The company is committed to increasing innovation pace and expanding geographic reach to deliver cyber safety solutions [10][22] - The acquisition of MoneyLion is expected to enhance financial wellness offerings and expand the total addressable market [16][37] - The business will operate under two segments: Cyber Safety Platform and Trust Based Solutions, focusing on customer needs and operational efficiency [18][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business despite macroeconomic uncertainties, citing a strong subscription model and high customer retention [68][70] - For fiscal year 2026, the company expects revenue between $4.7 billion and $4.8 billion, representing 6% to 8% pro forma growth [22][39] - Non-GAAP EPS for fiscal year 2026 is projected to be between $2.46 and $2.54, indicating double-digit growth [39] Other Important Information - The company plans to continue a balanced capital allocation strategy, focusing on share repurchases and debt paydown [48][36] - Q4 operating income was $590 million, translating to an operating margin of 58.4% [33] - The company has a robust cash flow generation capacity, with a Q4 ending cash balance of over $1 billion [34] Q&A Session Summary Question: Guidance for fiscal year 2026 and MoneyLion growth visibility - Management confirmed that guidance assumes MoneyLion growth can remain in the 29% to 30% range, with a focus on cross-selling and transforming the business model [44][45] Question: Capital allocation strategy regarding share repurchases - Management indicated a balanced approach to capital allocation, looking forward to resuming share repurchases while managing debt [48][49] Question: Impact of MoneyLion's customer network on potential subscribers - Management highlighted the opportunity to cross-sell to MoneyLion's customer base and enhance offerings through their technology [54][58] Question: Signs of demand resilience amid macro uncertainty - Management noted strong subscription levels and a resilient business model, with confidence in continued demand for cyber safety products [68][70] Question: Indirect revenue growth outlook and new partnerships - Management expects sustainable, profitable growth in the indirect channel, particularly from employee benefits and telco partnerships [82][86]

Financial Data and Key Metrics Changes - Fiscal year 2025 total bookings reached a record $4 billion, up 4% year over year, with revenue exceeding the high end of annual guidance [8][25] - Non-GAAP operating margin was a record 58.4%, reflecting strong cost controls and operational efficiencies [9][26] - Non-GAAP EPS for the year was $2.22, up 15% year over year, and at the high end of annual guidance [9][26] - Q4 revenue exceeded $1 billion for the first time, reaching $1.01 billion, up 5% year over year [27][26] - Q4 operating income was $590 million, translating to an operating margin of 58.4% [33] Business Line Data and Key Metrics Changes - Direct revenue in Q4 was $877 million, up 4% in constant currency, with a customer base increase to 40.4 million, up 1.3 million year over year [27][28] - Partner revenue in Q4 was $121 million, up 15% year over year, driven by growth in the employee benefits channel [31][32] - The identity theft protection segment saw double-digit growth internationally, with increased demand for LifeLock [12][14] Market Data and Key Metrics Changes - The identity category grew double digits internationally, with privacy and identity products introduced in 15 new markets [14] - The overall customer base grew to over 65 million direct and indirect paid customers, with nearly 45% having comprehensive cyber safety memberships [15] Company Strategy and Development Direction - The company is focused on increasing innovation pace and expanding geographic reach to enhance its cyber safety platform [10][12] - The acquisition of MoneyLion aims to expand into financial wellness, enhancing the company's total addressable market [16][17] - The business will operate under two segments: Cyber Safety Platform and Trust Based Solutions, with a focus on driving profitable growth [18][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business despite macroeconomic uncertainties, citing a strong subscription model [68][69] - For fiscal year 2026, the company expects revenue between $4.7 billion and $4.8 billion, representing 6% to 8% pro forma growth [22][39] - Non-GAAP EPS for fiscal year 2026 is projected to be between $2.46 and $2.54, indicating double-digit growth [39] Other Important Information - The company plans to continue a balanced capital allocation strategy, focusing on share repurchases and debt pay down [48][36] - The Q4 ending cash balance was over $1 billion, with liquidity exceeding $2.5 billion [34][35] Q&A Session Summary Question: Guidance for fiscal year 2026 and MoneyLion growth visibility - Management confirmed that guidance is based on maintaining current momentum in both the Cyber Safety Platform and MoneyLion, with expected growth rates of mid-single digits for Cyber Safety and around 24-25% for MoneyLion [44][45] Question: Capital allocation strategy regarding share repurchases - Management indicated a balanced approach to capital allocation, focusing on both share repurchases and debt pay down, with plans to resume share buybacks post-acquisition [48][49] Question: Impact of MoneyLion's customer network on potential subscribers - Management highlighted the opportunity to cross-sell to MoneyLion's customer base and enhance offerings through the integration of financial wellness features [55][58] Question: Resilience of the business amid macroeconomic uncertainty - Management reassured that the business model is resilient, with a strong subscription base and continued demand for cyber safety products [68][69] Question: Indirect revenue growth outlook - Management expects sustainable, profitable high single-digit growth in the indirect channel, particularly from employee benefits and telco partnerships [87][88]