System1, Inc. financial data

Symbol
SST on NYSE, SSTPW on OTC
Location
Marina Del Rey, CA
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 11 Mar 2026

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 114% % -22%
Debt-to-equity 738% % 104%
Return On Equity -151% % -142%
Return On Assets -16% % -5.3%
Operating Margin -23% % 9.5%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 21,204,000 shares
Entity Public Float $9,700,000 USD -76%
Weighted Average Number of Shares Outstanding, Basic 7,854,000 shares 13%
Weighted Average Number of Shares Outstanding, Diluted 7,854,000 shares 13%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $266,129,000 USD -23%
Cost of Revenue $165,734,000 USD -32%
Operating Income (Loss) $62,040,000 USD 30%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $84,068,000 USD 14%
Income Tax Expense (Benefit) $2,875,000 USD -677%
Net Income (Loss) Attributable to Parent $65,345,000 USD 12%
Earnings Per Share, Basic -8.32 USD/shares 23%
Earnings Per Share, Diluted -8.32 USD/shares 23%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $86,887,000 USD 37%
Accounts Receivable, after Allowance for Credit Loss, Current $57,289,000 USD -8.9%
Assets, Current $149,480,000 USD 11%
Property, Plant and Equipment, Net $1,562,000 USD -26%
Operating Lease, Right-of-Use Asset $9,120,000 USD 245%
Intangible Assets, Net (Excluding Goodwill) $148,089,000 USD -33%
Goodwill $82,407,000 USD 0%
Other Assets, Noncurrent $263,000 USD -25%
Assets $404,972,000 USD -12%
Accounts Payable, Current $22,016,000 USD 112%
Employee-related Liabilities, Current $7,552,000 USD -52%
Liabilities, Current $146,438,000 USD 39%
Long-term Debt and Lease Obligation $255,118,000 USD -24%
Deferred Income Tax Liabilities, Net $4,013,000 USD -35%
Operating Lease, Liability, Noncurrent $8,183,000 USD 499%
Other Liabilities, Noncurrent $520,000 USD -92%
Liabilities $387,553,000 USD 3.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax $157,000 USD 65%
Retained Earnings (Accumulated Deficit) $847,679,000 USD -8.4%
Stockholders' Equity Attributable to Parent $30,467,000 USD -62%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $17,419,000 USD -80%
Liabilities and Equity $404,972,000 USD -12%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $15,949,000 USD 0.24%
Net Cash Provided by (Used in) Financing Activities $5,304,000 USD 89%
Net Cash Provided by (Used in) Investing Activities $1,548,000 USD 4.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $22,792,000 USD 65%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $88,509,000 USD 30%
Interest Paid, Excluding Capitalized Interest, Operating Activities $8,230,000 USD
Deferred Tax Assets, Valuation Allowance $45,541,000 USD 18%
Deferred Tax Assets, Gross $46,458,000 USD 20%
Operating Lease, Liability $9,610,000 USD 178%
Payments to Acquire Property, Plant, and Equipment $46,000 USD
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $65,059,000 USD 13%
Lessee, Operating Lease, Liability, to be Paid $11,439,000 USD 193%
Property, Plant and Equipment, Gross $4,213,000 USD 3.8%
Operating Lease, Liability, Current $1,427,000 USD -32%
Lessee, Operating Lease, Liability, to be Paid, Year Two $2,199,000 USD 759%
Lessee, Operating Lease, Liability, to be Paid, Year One $2,036,000 USD -8.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.071 pure 37%
Deferred Income Tax Expense (Benefit) $656,000 USD 92%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $1,829,000 USD 307%
Lessee, Operating Lease, Liability, to be Paid, Year Three $2,262,000 USD 770%
Deferred Tax Assets, Operating Loss Carryforwards $15,735,000 USD 137%
Unrecognized Tax Benefits $3,853,000 USD 52%
Lessee, Operating Lease, Liability, to be Paid, Year Four $2,336,000 USD 798%
Additional Paid in Capital $878,859,000 USD 1.8%
Amortization of Intangible Assets $74,527,000 USD -0.18%
Deferred Tax Assets, Net of Valuation Allowance $917,000 USD 271%
Share-based Payment Arrangement, Expense $11,312,000 USD -28%
Interest Expense $45,313,000 USD 19%