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-Q - Q3 2025 - 05 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 122% % -29%
Debt-to-equity 585% % 76%
Return On Equity -110% % -75%
Return On Assets -16% % 6.3%
Operating Margin -20% % 26%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 21,204,000 shares
Entity Public Float $39,900,000 USD -66%
Weighted Average Number of Shares Outstanding, Basic 8,054,000 shares 15%
Weighted Average Number of Shares Outstanding, Diluted 8,054,000 shares 15%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $289,784,000 USD -20%
Cost of Revenue $38,819,000 USD -39%
Operating Income (Loss) $56,499,000 USD 41%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $84,630,000 USD 25%
Income Tax Expense (Benefit) $3,206,000 USD 62%
Net Income (Loss) Attributable to Parent $66,023,000 USD 25%
Earnings Per Share, Basic 1 USD/shares 32%
Earnings Per Share, Diluted 1 USD/shares 32%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $54,589,000 USD -21%
Accounts Receivable, after Allowance for Credit Loss, Current $54,356,000 USD -5.6%
Assets, Current $116,618,000 USD -14%
Property, Plant and Equipment, Net $1,655,000 USD -32%
Operating Lease, Right-of-Use Asset $2,923,000 USD -11%
Intangible Assets, Net (Excluding Goodwill) $166,714,000 USD -31%
Goodwill $82,407,000 USD 0%
Other Assets, Noncurrent $295,000 USD -19%
Assets $385,160,000 USD -20%
Accounts Payable, Current $23,065,000 USD 145%
Employee-related Liabilities, Current $8,907,000 USD -37%
Liabilities, Current $102,124,000 USD 3%
Long-term Debt and Lease Obligation $255,118,000 USD -24%
Deferred Income Tax Liabilities, Net $4,662,000 USD -31%
Operating Lease, Liability, Noncurrent $2,783,000 USD 53%
Other Liabilities, Noncurrent $6,222,000 USD -25%
Liabilities $350,900,000 USD -6.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax $230,000 USD 12%
Retained Earnings (Accumulated Deficit) $834,196,000 USD -8.6%
Stockholders' Equity Attributable to Parent $42,683,000 USD -53%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $34,260,000 USD -67%
Liabilities and Equity $385,160,000 USD -20%

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 $56,210,000 USD -24%
Interest Paid, Excluding Capitalized Interest, Operating Activities $8,230,000 USD
Deferred Tax Assets, Valuation Allowance $38,616,000 USD 70%
Deferred Tax Assets, Gross $38,863,000 USD 68%
Operating Lease, Liability $3,454,000 USD -42%
Payments to Acquire Property, Plant, and Equipment $46,000 USD
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $65,991,000 USD 25%
Lessee, Operating Lease, Liability, to be Paid $3,903,000 USD -41%
Property, Plant and Equipment, Gross $4,060,000 USD -4.5%
Operating Lease, Liability, Current $677,000 USD -71%
Lessee, Operating Lease, Liability, to be Paid, Year Two $256,000 USD -89%
Lessee, Operating Lease, Liability, to be Paid, Year One $2,223,000 USD -14%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) $656,000 USD 92%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $449,000 USD -39%
Lessee, Operating Lease, Liability, to be Paid, Year Three $260,000 USD -6.5%
Deferred Tax Assets, Operating Loss Carryforwards $6,638,000 USD 4.3%
Unrecognized Tax Benefits $2,532,000 USD 37%
Lessee, Operating Lease, Liability, to be Paid, Year Four $260,000 USD -7.8%
Additional Paid in Capital $877,108,000 USD 2.1%
Amortization of Intangible Assets $74,567,000 USD -0.12%
Deferred Tax Assets, Net of Valuation Allowance $247,000 USD -39%
Share-based Payment Arrangement, Expense $14,593,000 USD -14%
Interest Expense $45,313,000 USD 19%