System1, Inc. financial data

Symbol
SST, SST-WT on NYSE
Industry
Services-Computer Programming, Data Processing, Etc.
Location
4235 Redwood Avenue, Marina Del Rey, California
Fiscal year end
December 31
Former names
Trebia Acquisition Corp. (to 1/26/2022)
Latest financial report
Q1 2024 - May 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 86.2 % +41%
Debt-to-equity 272 % +72.5%
Return On Equity -84.4 % -44.4%
Return On Assets -26.1 % -0.93%
Operating Margin -23.9 % +69.3%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 91.5M shares
Common Stock, Shares, Outstanding 21.2M shares
Entity Public Float 119M USD -100%
Weighted Average Number of Shares Outstanding, Basic 67.8M shares -26.9%
Weighted Average Number of Shares Outstanding, Diluted 67.8M shares -26.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 366M USD -35.5%
Operating Income (Loss) -87.6M USD +80.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -111M USD +76.3%
Income Tax Expense (Benefit) -16.6M USD +83%
Net Income (Loss) Attributable to Parent -204M USD +37.8%
Earnings Per Share, Basic -2.28 USD/shares +37%
Earnings Per Share, Diluted -2.28 USD/shares +37%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 69.9M USD +746%
Accounts Receivable, after Allowance for Credit Loss, Current 52.7M USD -23.9%
Assets, Current 140M USD +43.2%
Property, Plant and Equipment, Net 2.84M USD -36.5%
Operating Lease, Right-of-Use Asset 4.24M USD -29.9%
Intangible Assets, Net (Excluding Goodwill) 278M USD -40%
Goodwill 82.4M USD -84%
Other Assets, Noncurrent 484K USD -82.9%
Assets 521M USD -52.8%
Accounts Payable, Current 7.06M USD -37.3%
Employee-related Liabilities, Current 8.21M USD -15.4%
Contract with Customer, Liability, Current 80.5M USD +17.7%
Liabilities, Current 78M USD -60.9%
Long-term Debt and Lease Obligation 269M USD -32.1%
Deferred Income Tax Liabilities, Net 7.65M USD -78.8%
Operating Lease, Liability, Noncurrent 2.94M USD -44.7%
Other Liabilities, Noncurrent 1.06M USD -83.2%
Liabilities 361M USD -46.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax -271K USD +43.4%
Retained Earnings (Accumulated Deficit) -718M USD -49.8%
Stockholders' Equity Attributable to Parent 132M USD -63.1%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 160M USD -63%
Liabilities and Equity 521M USD -52.8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -16M USD -176%
Net Cash Provided by (Used in) Financing Activities -48.2M USD -427%
Net Cash Provided by (Used in) Investing Activities -1.62M USD +32.2%
Common Stock, Shares Authorized 25M shares
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -65.8M USD -279%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 77.7M USD +258%
Interest Paid, Excluding Capitalized Interest, Operating Activities 8.23M USD
Deferred Tax Assets, Valuation Allowance 22.7M USD +1984%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 23.1M USD +381%
Operating Lease, Liability 5.92M USD -26.3%
Depreciation 800K USD +60%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -204M USD +37.9%
Lessee, Operating Lease, Liability, to be Paid 6.66M USD -27%
Property, Plant and Equipment, Gross 4.25M USD +18.5%
Operating Lease, Liability, Current 2.38M USD +8.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.24M USD -13.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 2.59M USD +3.07%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) -656K USD +91.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 740K USD -32.2%
Lessee, Operating Lease, Liability, to be Paid, Year Three 278K USD -87.6%
Deferred Tax Assets, Operating Loss Carryforwards 6.36M USD +191%
Deferred Federal Income Tax Expense (Benefit) -17.1M USD +82.8%
Current Income Tax Expense (Benefit) 705K USD -70.3%
Unrecognized Tax Benefits 1.85M USD +212%
Lessee, Operating Lease, Liability, to be Paid, Year Four 282K USD +3.68%
Additional Paid in Capital 850M USD +1.57%
Current State and Local Tax Expense (Benefit) -662K USD -255%
Current Federal Tax Expense (Benefit) -64K USD -181%
Amortization of Intangible Assets 74.7M USD +14.1%
Depreciation, Depletion and Amortization 87.2M USD +831%
Deferred Tax Assets, Net of Valuation Allowance 408K USD -89%
Share-based Payment Arrangement, Expense 19.4M USD -63.9%
Deferred State and Local Income Tax Expense (Benefit) -1.83M USD +81.1%
Interest Expense 45.3M USD +18.5%