System1 Inc (SST)

NYSEMarket Closed

System1, Inc. is a digital marketing and technology company that uses data science, automation and machine learning to acquire online audiences and match consumer intent with advertisers. The company operates a responsive acquisition marketing platform designed to identify traffic opportunities, route users to relevant content or search experiences, and monetise those interactions through advertising partnerships.

System1’s business spans owned-and-operated consumer websites, search properties and other digital brands across verticals such as shopping, travel, information services and general search. Its platform analyses user behaviour and advertising economics in real time, helping determine where to acquire traffic, how to optimise landing experiences and which monetisation channels can generate the best returns. This model links customer acquisition, content operations and ad monetisation in a single performance-driven system.

The company reports through Marketing and Products segments, with the Marketing segment accounting for the largest share of revenue. Its revenue base is primarily tied to digital advertising demand, search monetisation agreements, traffic acquisition costs and the effectiveness of its technology in converting paid and organic traffic into profitable user sessions. System1 operates mainly in the United States while also serving users and partners in international markets. What distinguishes the company is its focus on algorithmic marketing at scale: rather than relying only on individual media campaigns, it builds and manages digital properties that can continuously respond to consumer intent and advertiser pricing signals.

2.01USD
+0.25(+14.21%)

Last updated

Market Cap
$14,462,606
P/E
P/FCF
P/S
0.06
Enterprise Value
$261,412,606
Sector
Communication Services
Industry
Interactive Media & Services
Address
4235 REDWOOD AVENUE, MARINA DEL REY, CA, 90066
Market Cap
$14,462,606
Enterprise Value
$261,412,606
P/E
P/B
-0.94
P/S
0.06
EV / EBITDA
22.96
EV / Sales
1.14
EPS
-11.75
Dividend Yield
0.12%
P/FCF
P/CF
Free Cash Flow
-$19,507,000
ROE
625.84%
ROA
-30.13%
Debt / Equity
-19.35
Current Ratio
0.88
Quick Ratio
0.88
Cash
0.41
Avg Volume
$86,460
Fundamentals Snapshot Price
1.76

Income Statement

Line Item2026 Q12025 Q42025 Q32025 Q22025 Q1
Revenue37.23M51.94M61.56M78.12M74.51M
Cost of revenue13.86M30.63M38.82M50.21M46.08M
Gross profit23.37M21.31M22.74M27.9M28.44M
Operating income-51.04M-17.44M-15.57M-15.91M-13.13M
EBITDA-2.09M3.59M5.22M4.66M7.35M
Net income-47.07M-13.48M-18.52M-17.46M-15.88M
Income taxes-75K-398K-543K-1.55M-387K
Interest expense-6.63M-6.3M-7.05M-7.12M-7.09M
Other operating expenses36.82M0000
Total operating expenses74.41M38.76M38.31M43.81M41.56M
Basic EPS-5.82-1.65-2.3-2.23-2.14
Diluted EPS-5.82-1.65-2.3-2.23-2.14

Balance Sheet

Line Item2026 Q12025 Q42025 Q32025 Q22025 Q1
Total assets320.33M404.97M385.16M429.25M419.15M
Total liabilities359.35M387.55M350.9M375.81M351.5M
Total equity-39.02M17.42M34.26M53.44M67.66M
Cash & equivalents51.51M86.89M54.59M63.65M43.91M
Current assets111.24M148.24M115.38M140.12M112.94M
Current liabilities125.85M146.44M102.12M119.89M89.68M
Accounts payable14.29M22.02M23.07M28.06M7.64M
Receivables53.26M57.29M54.36M70.22M61.76M
Goodwill82.41M82.41M82.41M82.41M82.41M
Long-term debt221.65M228.4M235.11M241.8M248.46M

Cash Flow

Line Item2026 Q12025 Q42025 Q32025 Q22025 Q1
Operating cash flow-26.13M-10.64M-2.05M24.49M-15.95M
Investing cash flow-2.18M-1.63M-1.99M-1.56M-1.55M
Financing cash flow-7.74M44.41M-5.01M-2.79M-5.3M
Change in cash-36.12M32.3M-9.06M20.11M-22.79M
Net income-57.59M-17.79M-22M-21.54M-19.86M
KindFilingDateLink
edgar index8-K — System1, Inc.View Filing
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edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
form 4Form 4 — Weinrot Daniel JView Filing
form 4Form 4 — Kidambi TridiveshView Filing
form 4Form 4 — Coppola BrianView Filing
form 4Form 4 — Sestanovich ElizabethView Filing
edgar indexS-8 — System1, Inc.View Filing
edgar indexDEF 14A — System1, Inc.View Filing
edgar indexPRE 14A — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index8-K — System1, Inc.View Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — Kidambi TridiveshView Filing
edgar index8-K — System1, Inc.View Filing
edgar index10-Q — System1, Inc.View Filing
edgar index8-K — System1, Inc.View Filing
eight k text8-K — 8-KView Filing
eight k text8-K — 8-KView Filing
edgar index10-K/A — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
form 4Form 4 — Weinrot Daniel JView Filing
form 4Form 4 — Coppola BrianView Filing
form 4Form 4 — Sestanovich ElizabethView Filing
form 4Form 4 — Kidambi TridiveshView Filing
form 4Form 4 — Kidambi TridiveshView Filing
edgar index8-K — System1, Inc.View Filing
edgar index10-K — System1, Inc.View Filing
edgar index8-K — System1, Inc.View Filing
eight k text8-K — 8-KView Filing
eight k text8-K — 8-KView Filing
ten k section10-K — businessView Filing
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ten k section10-K — risk_factorsView Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
form 4Form 4 — Weinrot Daniel JView Filing
form 4Form 4 — Coppola BrianView Filing
form 4Form 4 — Sestanovich ElizabethView Filing
form 4Form 4 — Kidambi TridiveshView Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
form 4Form 4 — Weinrot Daniel JView Filing
form 4Form 4 — Coppola BrianView Filing
form 4Form 4 — Sestanovich ElizabethView Filing
form 4Form 4 — Kidambi TridiveshView Filing
edgar index8-K — System1, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K — System1, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K — System1, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar indexSCHEDULE 13D/A — System1, Inc.View Filing
edgar indexSCHEDULE 13G/A — System1, Inc.View Filing
edgar indexSCHEDULE 13D/A — System1, Inc.View Filing
edgar index8-K — System1, Inc.View Filing
edgar index10-Q — System1, Inc.View Filing
edgar index8-K — System1, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
edgar index4 — System1, Inc.View Filing
form 4Form 4 — Weinrot Daniel JView Filing
form 4Form 4 — Coppola BrianView Filing