System1, Inc. financial data

Symbol
SST on NYSE, SSTPW on OTC
Location
4235 Redwood Avenue, Marina Del Rey, CA
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Nov 5, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 122 % -29%
Debt-to-equity 585 % +75.5%
Return On Equity -110 % -75.1%
Return On Assets -15.6 % +6.31%
Operating Margin -19.5 % +25.8%

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 8.05M shares +15%
Weighted Average Number of Shares Outstanding, Diluted 8.05M shares +15%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 290M USD -20.5%
Cost of Revenue 38.8M USD -39.3%
Operating Income (Loss) -56.5M USD +41%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -84.6M USD +25.2%
Income Tax Expense (Benefit) -3.21M USD +61.8%
Net Income (Loss) Attributable to Parent -66M USD +25.1%
Earnings Per Share, Basic 1 USD/shares +31.8%
Earnings Per Share, Diluted 1 USD/shares +31.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 54.6M USD -21%
Accounts Receivable, after Allowance for Credit Loss, Current 54.4M USD -5.64%
Assets, Current 117M USD -13.7%
Property, Plant and Equipment, Net 1.66M USD -31.9%
Operating Lease, Right-of-Use Asset 2.92M USD -11.4%
Intangible Assets, Net (Excluding Goodwill) 167M USD -30.8%
Goodwill 82.4M USD 0%
Other Assets, Noncurrent 295K USD -19.2%
Assets 385M USD -19.6%
Accounts Payable, Current 23.1M USD +145%
Employee-related Liabilities, Current 8.91M USD -36.6%
Contract with Customer, Liability, Current 80.5M USD +17.7%
Liabilities, Current 102M USD +2.99%
Long-term Debt and Lease Obligation 255M USD -23.7%
Deferred Income Tax Liabilities, Net 4.66M USD -30.7%
Operating Lease, Liability, Noncurrent 2.78M USD +52.8%
Other Liabilities, Noncurrent 6.22M USD -25.1%
Liabilities 351M USD -6.79%
Accumulated Other Comprehensive Income (Loss), Net of Tax -230K USD +12.2%
Retained Earnings (Accumulated Deficit) -834M USD -8.6%
Stockholders' Equity Attributable to Parent 42.7M USD -52.7%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 34.3M USD -66.7%
Liabilities and Equity 385M USD -19.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -15.9M USD +0.24%
Net Cash Provided by (Used in) Financing Activities -5.3M USD +89%
Net Cash Provided by (Used in) Investing Activities -1.55M USD +4.56%
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 -22.8M USD +65.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 56.2M USD -23.6%
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 46K USD
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -66M USD +25.1%
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 677K USD -70.9%
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 877M USD +2.14%
Amortization of Intangible Assets 74.6M USD -0.13%
Deferred Tax Assets, Net of Valuation Allowance 247K USD -39.5%
Share-based Payment Arrangement, Expense 14.6M USD -14.3%
Interest Expense 45.3M USD +18.5%