System1, Inc. financial data

Symbol
SST, SST-WT on NYSE
Industry
Services-Computer Programming, Data Processing, Etc.
Location
4235 Redwood Avenue, Marina Del Rey, CA
Fiscal year end
December 31
Former names
Trebia Acquisition Corp. (to 1/26/2022)
Latest financial report
10-K - Q4 2024 - Mar 10, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 145 % +120%
Debt-to-equity 363 % +49.9%
Return On Equity -62.6 % +14.7%
Return On Assets -15.2 % +38%
Operating Margin -25.8 % -20.4%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 21.2M shares
Entity Public Float 39.9M USD -66.4%
Weighted Average Number of Shares Outstanding, Basic 69.6M shares -23.9%
Weighted Average Number of Shares Outstanding, Diluted 69.6M shares -23.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 344M USD -14.4%
Operating Income (Loss) -88.6M USD -3.04%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -97.7M USD +25.8%
Income Tax Expense (Benefit) -370K USD +98.2%
Net Income (Loss) Attributable to Parent -74.7M USD +67.1%
Earnings Per Share, Basic -1.07 USD/shares +56.9%
Earnings Per Share, Diluted -1.07 USD/shares +56.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 63.6M USD -53%
Accounts Receivable, after Allowance for Credit Loss, Current 62.9M USD +12.2%
Assets, Current 134M USD -33.4%
Property, Plant and Equipment, Net 2.1M USD -31.8%
Operating Lease, Right-of-Use Asset 2.64M USD -44.1%
Intangible Assets, Net (Excluding Goodwill) 222M USD -25.1%
Goodwill 82.4M USD 0%
Other Assets, Noncurrent 349K USD -33.4%
Assets 459M USD -24.2%
Accounts Payable, Current 10.4M USD +9.5%
Employee-related Liabilities, Current 15.9M USD +15.6%
Contract with Customer, Liability, Current 80.5M USD +17.7%
Liabilities, Current 105M USD +21.6%
Long-term Debt and Lease Obligation 255M USD -23.7%
Deferred Income Tax Liabilities, Net 6.2M USD -25.4%
Operating Lease, Liability, Noncurrent 1.37M USD -61.9%
Other Liabilities, Noncurrent 6.05M USD +552%
Liabilities 374M USD -14.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -443K USD -145%
Retained Earnings (Accumulated Deficit) -782M USD -10.6%
Stockholders' Equity Attributable to Parent 80.3M USD -40.7%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 85M USD -49.8%
Liabilities and Equity 459M USD -24.2%

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 67.9M USD -52.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 8.23M USD
Deferred Tax Assets, Valuation Allowance 38.6M USD +70.4%
Deferred Tax Assets, Gross 38.9M USD +68.5%
Operating Lease, Liability 3.45M USD -41.6%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -74.9M USD +67%
Lessee, Operating Lease, Liability, to be Paid 3.9M USD -41.4%
Property, Plant and Equipment, Gross 4.06M USD -4.49%
Operating Lease, Liability, Current 2.09M USD -10.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 256K USD -88.6%
Lessee, Operating Lease, Liability, to be Paid, Year One 2.22M USD -14.1%
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 449K USD -39.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 260K USD -6.48%
Deferred Tax Assets, Operating Loss Carryforwards 6.64M USD +4.34%
Unrecognized Tax Benefits 2.53M USD +36.9%
Lessee, Operating Lease, Liability, to be Paid, Year Four 260K USD -7.8%
Additional Paid in Capital 863M USD +2.36%
Amortization of Intangible Assets 74.7M USD 0%
Deferred Tax Assets, Net of Valuation Allowance 247K USD -39.5%
Share-based Payment Arrangement, Expense 15.8M USD -25.8%
Interest Expense 45.3M USD +18.5%