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McAfee Corp.

mcafee.com

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Feb 23, 2022. Its latest SEC filing is a SC 13G/A from Mar 11, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Sells digital security, privacy and identity-protection services to consumers and families.

How Did They Make Money?

Consumers and channel partners pay for security products, subscriptions, software and support. Protection subscriptions and related support bring in revenue over the service period, separate software or hardware sales count at shipment, and partner royalties are tied to customer sales or use.

FY2021 revenue

Who Were Their Customers?

Consumers buy directly through McAfee.com or through PC makers, mobile and internet providers, retailers, e-commerce and search partners; PC preloads may begin as trials and later convert to paid subscriptions.

Customers above 10% of revenue, FY2021
of revenue from one customer
FY2019: 13% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 44 cents of every revenue dollar as net income in FY2021 and turned 26 cents into free cash flow.

Operating income, FY2021
29% of revenue
▲ +167% vs FY2020 ($206M, 13%)
Net income, FY2021
44% of revenue
▲ Now profitable vs FY2020 (−$118M, −8%)
Free cash flow, FY2021
26% of revenue
▼ −32% vs FY2020 ($718M, 46%)

How Were They Changing?

Since the FY2021 annual report
  • Mar 1, 2022 Investor group completes acquisition of McAfee McAfee became a wholly owned subsidiary of Parent and requested Nasdaq delisting after the merger closed.

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