SST - NYSE

System1, Inc.

SST·NYSE

$5.22

+0.0000%

IndustrialsSpecialty Business Services

System1, Inc. develops technology and data science to operate responsive acquisition marketing platform. The company also operates a real-time coupon code search engine and directory that offers coupon destinations for online shoppers. It serves customers in the areas of health, subscription, finance, insurance, business and technology, travel, auto, and other direct-to-consumer businesses. The company was founded in 2013 and is based in Los Angeles, California.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$52.19M

EPS-8.3200

P/E Ratio-0.47

Earnings Date05/07/2026

404.97M

Assets

-12%

3Y-65.0%

5Y+85.0%

10Y+29.0%

387.55M

Total Liabilities

3Y-44.0%

5Y+45.0%

10Y+2.0%

17.42M

Total Equity

-80%

3Y-96.0%

5Y-136.0%

10Y-126.0%

System1, Inc. Funding & Solvency Profile

SST · NYSE

Current Assets

Cash & Cash Equivalents86.89M

Net Receivables57.29M

Inventory0.00

Other Current Assets5.30M

Total Current Assets149 M

Non-Current Assets

Property, Plant & Equipment10.68M

Goodwill & Intangible Assets230.50M

Long-Term Investments379.00K

Other Non-Current Assets13.94M

Total Non-Current Assets25 M

Total Assets

404.97M

Financial Health Analysis

Current Ratio

1.02x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

22.25x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

3 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

37% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

System1, Inc. Balance Sheet

SST • NYSE

System1, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	86.9M	63.6M	135.3M	8.9M	47.9M	29M	31.9M
Cash & Short-Term Investments	86.9M	63.6M	135.3M	8.9M	47.9M	29M	31.9M
Net Receivables	57.3M	62.9M	56.1M	80.4M	90.2M	71.1M	75.4M
Accounts Receivables	57.3M	62.9M	56.1M	80.4M	90.2M	71.1M	75.4M
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	11M
Prepaids	0.0	0.0	0.0	0.0	67.1K	3M	2M
Other Current Assets	5.3M	8M	10.6M	37.2M	7.6M	0.0	0.0
Total Current Assets	149.5M	134.5M	202M	126.5M	145.8M	103.2M	120.3M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	10.7M	4.7M	7.8M	9.6M	830K	1.1M	1.4M
Goodwill	82.4M	82.4M	82.4M	82.4M	44.8M	44.8M	44.8M
Intangible Assets	148.1M	222.3M	308.4M	378.6M	61.6M	68.7M	75.8M
Goodwill & Intangible Assets	230.5M	304.7M	390.8M	461M	106.4M	113.5M	120.7M
Long-Term Investments	379K	371K	4.3M	0.0	0.0	517.5M	0.0
Tax Assets	0.0	0.0	0.0	0.0	0.0	-517.5M	0.0
Other Non-Current Assets	13.9M	14.8M	524K	563.3M	3.9M	969K	70.8M
Total Non-Current Assets	255.5M	324.7M	403.5M	1B	111.1M	115.5M	192.8M
Total Assets	405M	459.1M	605.5M	1.2B	256.9M	218.7M	313.1M
LIABILITIES
CURRENT LIABILITIES
Total Payables	22M	10.4M	9.5M	7.8M	83.3M	52.1M	53.6M
Accounts Payable	22M	10.4M	9.5M	6.7M	72.8M	52.1M	47.8M
Other Payables	0.0	0.0	0.0	1.1M	10.5M	0.0	5.8M
Accrued Expenses	0.0	0.0	13.8M	68.6M	17.5M	6.7M	5.5M
Short Term Debt	1.4M	16.4M	15.3M	15M	170.5M	9.4M	24.2M
Capital Lease Obligations (Current)	0.0	2.1M	2.3M	2.1M	0.0	0.0	0.0
Tax Payables	0.0	0.0	1.2M	1.1M	361K	257K	1.5M
Deferred Revenue	0.0	0.0	1.8M	1.6M	2M	0.0	1.5M
Other Current Liabilities	123M	76.2M	43.8M	116M	3.3M	-67.5M	48.2M
Total Current Liabilities	146.4M	105.1M	86.4M	211.1M	276.6M	613.1K	133M
NON-CURRENT LIABILITIES
Long Term Debt	8.2M	255.1M	334.2M	399.5M	0.0	170.6M	230.5M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	1M
Deferred Tax Liabilities (Non-Current)	4M	6.2M	8.3M	29.4M	7.8M	9.4M	8.6M
Other Non-Current Liabilities	228.9M	6.4M	3.6M	43.9M	969K	-98.2M	6.1M
Total Non-Current Liabilities	241.1M	269M	349.7M	478.7M	8.8M	81.8M	246.2M
Capital Lease Obligations	0.0	3.5M	5.9M	8M	0.0	0.0	0.0
Total Liabilities	387.6M	374.1M	436.2M	689.8M	285.3M	266.9M	379.2M
SHAREHOLDERS' EQUITY
Treasury Stock	-557K	0.0	0.0	0.0	0.0	0.0	0.0
Common Stock	1K	9K	9K	11K	0.0	517.5M	0.0
Additional Paid-In Capital	878.9M	863M	843.1M	831.6M	0.0	0.0	0.0
Retained Earnings	-847.7M	-782.3M	-707.7M	-439.3M	0.0	-81.3M	0.0
Accumulated Other Comprehensive Income/Loss	-157K	-443K	-181K	-260K	428K	-343K	-119K
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	-28.8M	343K	-68.4M
Total Stockholders' Equity	30.5M	80.3M	135.3M	392M	-28.4M	436.2M	-68.5M
Total Equity	17.4M	85M	169.3M	470.7M	-28.4M	-48.2M	-66.1M
Minority Interest	-13M	4.7M	34M	78.7M	0.0	0.0	2.4M
SUMMARY
Total Liabilities & Equity	405M	459.1M	605.5M	1.2B	256.9M	218.7M	313.1M
Total Investments	379K	371K	4.3M	0.0	0.0	517.5M	0.0
Total Debt	9.6M	275M	355.4M	422.5M	170.5M	180M	254.7M
Net Debt	-77.3M	211.4M	220.1M	413.6M	122.6M	151M	222.8M
Shares Outstanding	9,915,151	9,915,151	9,915,151	9,915,151	9,915,151	9,915,151	9,915,151

SEC Filings

SST - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	March 11, 2026	March 11, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 11, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 11, 2026	March 11, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 09, 2026	January 09, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 12, 2025	December 08, 2025	2025	View Filing
8-K 8-K 2025 N/A	December 03, 2025	December 01, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 05, 2025	November 05, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 05, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 05, 2025	November 05, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 07, 2025	August 07, 2025	2025	View Filing

Showing 1 to 10 of 133 filings

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