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Industrials - Specialty Business Services - NYSE - US
$ 9.55
55.8 %
$ 255 M
Market Cap
-0.85
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SST stock under the worst case scenario is HIDDEN Compared to the current market price of 9.55 USD, System1, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SST stock under the base case scenario is HIDDEN Compared to the current market price of 9.55 USD, System1, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SST stock under the best case scenario is HIDDEN Compared to the current market price of 9.55 USD, System1, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SST

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$10.0$10.0$9.0$9.0$8.0$8.0$7.0$7.0$6.0$6.0$5.0$5.0$4.0$4.0$3.0$3.0$2.0$2.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
344 M REVENUE
-14.44%
-88.6 M OPERATING INCOME
-3.04%
-97.3 M NET INCOME
44.19%
-5.26 M OPERATING CASH FLOW
78.76%
-6.26 M INVESTING CASH FLOW
-3.08%
-64 M FINANCING CASH FLOW
13.65%
74.5 M REVENUE
-1.43%
-13.1 M OPERATING INCOME
-10.27%
-19.9 M NET INCOME
-10.17%
-15.9 M OPERATING CASH FLOW
-2065.93%
-1.55 M INVESTING CASH FLOW
-19.72%
-5.3 M FINANCING CASH FLOW
-5.85%
Balance Sheet System1, Inc.
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Current Assets 134 M
Cash & Short-Term Investments 63.6 M
Receivables 62.9 M
Other Current Assets 7.95 M
Non-Current Assets 325 M
Long-Term Investments 0
PP&E 4.75 M
Other Non-Current Assets 320 M
13.85 %13.70 %69.68 %Total Assets$459.1m
Current Liabilities 105 M
Accounts Payable 10.4 M
Short-Term Debt 18.5 M
Other Current Liabilities 76.2 M
Non-Current Liabilities 269 M
Long-Term Debt 256 M
Other Non-Current Liabilities 12.6 M
2.78 %4.94 %20.37 %68.55 %3.36 %Total Liabilities$374.1m
EFFICIENCY
Earnings Waterfall System1, Inc.
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Revenue 344 M
Cost Of Revenue 192 M
Gross Profit 152 M
Operating Expenses 241 M
Operating Income -88.6 M
Other Expenses 8.7 M
Net Income -97.3 M
350m350m300m300m250m250m200m200m150m150m100m100m50m50m00(50m)(50m)(100m)(100m)344m(192m)152m(241m)(89m)(9m)(97m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
44.30% GROSS MARGIN
44.30%
-25.76% OPERATING MARGIN
-25.76%
-21.71% NET MARGIN
-21.71%
-93.03% ROE
-93.03%
-16.26% ROA
-16.26%
-23.69% ROIC
-23.69%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis System1, Inc.
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50m50m40m40m30m30m20m20m10m10m00(10m)(10m)(20m)(20m)(30m)(30m)(40m)(40m)20192019202020202021202120222022202320232024202420252025
Net Income -97.3 M
Depreciation & Amortization 80.1 M
Capital Expenditures -31 K
Stock-Based Compensation 15.8 M
Change in Working Capital 0
Others -1.72 M
Free Cash Flow -5.29 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets System1, Inc.
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SST has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.04% DIVIDEND YIELD
0.03 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.120.120.100.100.080.080.060.060.040.040.020.020.000.000.020.020.020.020.030.020.020.020.020.030.030.030.020.020.020.020.030.030.030.020.080.020.080.020.080.030.100.020.110.020.100.020.050.020.020.030.03201520152016201620172017
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5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership System1, Inc.
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Sold
0-3 MONTHS
172 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
98 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
551 K USD 1
9-12 MONTHS
7. News
System1 Class A Common Stock to Begin Trading on a Split-Adjusted Basis on June 12, 2025 LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, previously announced on June 10, 2025, that the Company's board of directors has approved a reverse stock split (the “Reverse Stock Split”) of all of its issued and outstanding Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”) and Class C Common Stock, par value $0.0001 per share (“Class C Common Stock”, and together with the Clas. businesswire.com - 3 weeks ago
System1 Announces Reverse Stock Split LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, today announced that its board of directors has approved a reverse stock split (the “Reverse Stock Split”) of its Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”) and Class C Common Stock, par value $0.0001 per share (“Class C Common Stock”, and together with the Class A Common Stock, the “Common Stock”) at a ratio of 1-for-10. S. businesswire.com - 3 weeks ago
System1, Inc. (SST) Q1 2025 Earnings Call Transcript System1, Inc. (NYSE:SST ) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET Company Participants Kyle Ostgaard - Vice President, Finance Michael Blend - Co-Founder & Chief Executive Officer Tridivesh Kidambi - Chief Financial Officer Conference Call Participants Tom Forte - Maxim Group Daniel Kurnos - Benchmark Kyle Ostgaard Thank you for standing by and welcome to the First Quarter 2025 Earnings Conference Call for System1. Joining me today to discuss System1's business and financial results are our Co-Founder and Chief Executive Officer, Michael Blend; and our Chief Financial Officer, Tridivesh Kidambi. seekingalpha.com - 1 month ago
System1 to Report First Quarter 2025 Financial Results LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced today that it will report financial results for the first quarter ended March 31, 2025 on Tuesday, May 6, 2025 after the U.S. stock market closes. Management will host a conference call at 5:00 PM ET the same day to discuss the results. The live webcast and replay will be accessible on the Company's Investor Relations website at ir.system1.com. businesswire.com - 2 months ago
NYSE to Commence Delisting Proceedings with Respect to Warrants of System1, Inc. (SST.WS) NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the redeemable warrants (“Warrants”) — ticker symbol SST.WS — each whole warrant exercisable for one Class A common stock at an exercise price of $11.50 per share, of System1, Inc. (the “Company”) from the NYSE. Trading in these Warrants will be suspended immediately. Trading in the Company's Class A common stock — tic. businesswire.com - 2 months ago
System1, Inc. (SST) Q4 2024 Earnings Call Transcript System1, Inc. (NYSE:SST ) Q4 2024 Earnings Conference Call March 10, 2025 5:00 PM ET Company Participants Kyle Ostgaard - VP of Finance Michael Blend - Co-Founder and CEO Tridivesh Kidambi - CFO Conference Call Participants Tom Forte - Maxim Group Dan Kurnos - Benchmark Kyle Ostgaard Thank you for standing by. And welcome to the Fourth Quarter 2024 Earnings Conference Call for System1. seekingalpha.com - 3 months ago
System1 Announces Fourth Quarter and Full Year 2024 Financial Results LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, today announced its financial results for the fourth quarter and full year 2024. "System1 closed out 2024 on a strong note, achieving solid growth in Adjusted Gross Profit and Adjust EBITDA. Our team remains committed to strong execution and delivering value for our partners and customers,” said Michael Blend, System1's Co-Founder & Chief Executive Of. businesswire.com - 3 months ago
System1 Receives Notice of Non-Compliance with New York Stock Exchange Trading Share Price Listing Rule LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced today that it was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's Class A Common Stock ("the Common Stock") was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the imm. businesswire.com - 5 months ago
System1 to Participate in the 2025 ICR Conference and 27th Annual Needham Growth Conference LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced today that it is attending the 2025 ICR Conference, being held in Orlando, Florida, from January 13-15, 2025, as well as participating virtually at the 27th Annual Needham Growth Conference from January 16-17, 2025. Tridivesh Kidambi, Chief Financial Officer of System1, will be available for one-on-one meetings during both conferences. He will a. businesswire.com - 6 months ago
System1 to Participate in Upcoming Investor Conferences LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced today that it will participate in the upcoming investor conferences: UBS Global Technology and AI Conference taking place December 2-5, 2024 in Scottsdale, AZ. Raymond James TMT and Consumer Conference taking place December 9-11, 2024 in New York, NY. The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference taking place Decem. businesswire.com - 7 months ago
System1, Inc. (SST) Q3 2024 Earnings Call Transcript System1, Inc. (NYSE:SST ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Kyle Ostgaard - Vice President of Finance Michael Blend - Co-Founder & Chief Executive Officer Tridivesh Kidambi - Chief Financial Officer Conference Call Participants Tom Forte - Maxim Group Dan Kurnos - The Benchmark Company Kyle Ostgaard Thank you for standing by, and welcome to the Third Quarter, 2024 Conference Call for System1. Joining me today to discuss System1's business and financial results are our Co-Founder and Chief Executive Officer, Michael Blend; and our Chief Financial Officer, Tridivesh Kidambi. seekingalpha.com - 7 months ago
System1 to Report Third Quarter 2024 Financial Results LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced today that it will report financial results for the third quarter ended September 30, 2024 on Thursday, November 7, 2024 after the U.S. stock market closes. Management will host a conference call at 5:00 PM ET the same day to discuss the results. The live webcast and replay will be accessible on the Company's Investor Relations website at ir.sys. businesswire.com - 8 months ago
8. Profile Summary

System1, Inc. SST

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COUNTRY US
INDUSTRY Specialty Business Services
MARKET CAP $ 255 M
Dividend Yield 0.04%
Description 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.
Contact 4235 Redwood Avenue, Los Angeles, CA, 90066 https://www.system1.com
IPO Date Aug. 7, 2020
Employees 300
Officers Mr. Tridivesh Kidambi Chief Financial Officer Ms. Elizabeth Sestanovich Chief People Officer Mr. Michael L. Blend Chief Executive Officer & Chairman Mr. Daniel J. Weinrot General Counsel & Corporate Secretary Mr. Brian Coppola Chief Ad Operations Officer Mr. Marc Mezzacca President of CouponFollow Mr. Charles Ursini Co-Founder, President & Director Mr. Chris Testa Chief Technology Officer Avi Raju Chief Product Officer Kyle Ostgaard Vice President of Finance