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. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
System1, Inc. Income Statement
SST • NYSE
| System1, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||
266.1M | 343.9M | 402M | 664.9M | 688.4M | 476M | 407.5M | 265.5M | |
GROSS PROFIT | ||||||||
(165.7M) | (191.6M) | (355.3M) | (649.6M) | (601.7M) | (341M) | (275.8M) | (171M) | |
100.4M | 152.4M | 46.7M | 15.4M | 86.6M | 135M | 131.7M | 94.5M | |
OPERATING INCOME | ||||||||
(162.4M) | (241M) | (132.7M) | (509.7M) | (35.8M) | (92.4M) | (79.6M) | (71.8M) | |
(162.4M) | (47.3M) | (54.3M) | (66.5M) | (35.8M) | (78.5M) | (68.3M) | (66.5M) | |
(0.0) | (0.0) | (3M) | (822K) | (4.9M) | (0.0) | (0.0) | (0.0) | |
-62M | -88.6M | -86M | -494.3M | 50.8M | 42.6M | 52.1M | 22.7M | |
PRE-TAX INCOME | ||||||||
(27.6M) | (31.6M) | (48.7M) | (16.9M) | (16.9M) | (24.4M) | (26M) | (19M) | |
-27.6M | -31.6M | -48.7M | 16.2M | -16.9M | -24.4M | -26M | -19M | |
(0.0) | (193.6M) | (75.4M) | (442.4M) | -4.9M | (13.8M) | (11.2M) | (5.3M) | |
-22M | -9.1M | -45.6M | 182.2M | -16.9M | -24.4M | -27.2M | -19M | |
-84.1M | -97.7M | -131.6M | -312.1M | 34M | 18.3M | 25M | 3.7M | |
NET INCOME | ||||||||
-2.9M | -370K | -20.4M | (109.3M) | (965K) | (1.9M) | (702K) | (24.6M) | |
-65.3M | -74.7M | -227.2M | -367.5M | 33M | 63.8M | 24.2M | -21M |
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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