SST - NYSE
System1, Inc.
$5.22
+0.0000%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.
At a Glance
Live SnapshotSystem1, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
System1, Inc. Cash Flow Statement
SST • NYSE
| System1, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||
-81.2M | -97.3M | -174.3M | 33M | 33M | 16.4M | 24.2M | 3.7M | |
82.9M | 80.1M | 105.2M | 70.5M | 13.9M | 13.8M | 11.2M | 5.3M | |
-2.2M | -2.1M | -22.3M | -118.9M | -981K | 32K | -2.1M | -7.6M | |
11.3M | 15.8M | 53.1M | 79.2M | 413K | 1.2M | 1.8M | 2.5M | |
4M | 1.2M | 18.8M | -25.8M | 9.3M | 3.6M | 7.4M | 2M | |
(0.0) | (0.0) | (7.1M) | (0.0) | (2.8M) | (4.4M) | (55K) | (0.0) | |
-19M | -2.9M | -5.2M | -45.3M | 5.1M | 11.5M | -9.8M | 11.4M | |
-4.1M | -5.3M | -24.7M | -7.3M | 60.7M | 46.5M | 32.7M | 17.3M | |
INVESTING ACTIVITIES | ||||||||
-46K | -31K | -2.4M | -10.4M | -49K | -6.1M | -6.7M | -5.3M | |
(0.0) | (0.0) | (211.1M) | -444.1M | (0.0) | (74.5M) | -35.9M | -74.4M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -517.5M | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 517.5M | 0.0 | 0.0 | |
-6.7M | -6.2M | -5.6M | 0.0 | -6.5M | -247K | -120K | -120K | |
-6.7M | -6.3M | (203.2M) | -454.5M | -6.5M | (68.2M) | -42.8M | -79.8M | |
FINANCING ACTIVITIES | ||||||||
1.7M | -2.1M | -3.1M | -506.6M | 227K | 518.7M | 0.0 | 0.0 | |
30M | -61.8M | -69M | 262.5M | -13.1M | -78.3M | 28.6M | 55.3M | |
-32K | -27K | -97K | -1.5M | -14.6M | -46.5M | -8.7M | -6M | |
-557K | -2.1M | -3.1M | -511.6M | (0.0) | -518.7M | (0.0) | (0.0) | |
-356K | 0.0 | -1.9M | 217.8M | -7.1M | -522M | 6.2M | 20.3M | |
31.3M | -64M | -74.1M | -27.7M | -34.6M | -128.1M | 26.1M | 69.6M | |
CASH FLOW SUMMARY | ||||||||
126K | -31K | 10K | 456.2M | 41K | -450K | -148K | 0.0 | |
20.6M | -75.5M | 104.4M | -33.3M | 19.6M | -13.8M | 16M | 7M | |
67.9M | 143.5M | 39.1M | 47.9M | 29M | 42.8M | 26.9M | 19.8M | |
88.5M | 67.9M | 143.5M | 14.6M | 48.6M | 29M | 42.8M | 26.9M | |
-4.2M | -5.3M | -32.7M | -17.7M | 54.2M | 40.4M | 26M | 12M |
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 | |
10-K 10-K 2025 FY FY | March 11, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 11, 2026 | March 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 09, 2026 | January 09, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 12, 2025 | December 08, 2025 | 2025 | |
8-K 8-K 2025 N/A | December 03, 2025 | December 01, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 05, 2025 | November 05, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 05, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 05, 2025 | November 05, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 07, 2025 | August 07, 2025 | 2025 |
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