System1, Inc.
SSTNYSE
$1.76
↓ -7.9%Jul 17 close · end-of-day
Price
1Y↓ -69.8%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$14.2M
Enterprise Value
$261.2M
P/E
—
P/S
0.1
P/B
—
EV/EBITDA
—
PEG
—
FCF Yield
-100.7%
Dividend Yield
—
Revenue (TTM)
$228.8M
Net Income (TTM)
-$96.5M
Free Cash Flow (TTM)
-$14.3M
Gross Margin
—
Operating Margin
-43.7%
Net Margin
-42.2%
ROE
625.8%
ROIC
-34.1%
Debt / Equity
-19.4
Net Cash
-$246.9M
Return 1Y
-72.2%
Company profile
System1, Inc. develops technology and data science to operate responsive acquisition marketing platform. Company also operates a real-time coupon code search engine and directory that offers coupon destinations for online shoppers.
- CEO
- Michael Blend
- Sector
- Services
- Industry
- Computer Software
- Employees
- 320
- Headquarters
- California
- Website
- system1.com
Earnings
SST Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$37.2M↓ -50.0%
Diluted EPS-$5.82↑ +172.0%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $688.4M | $612.2M | $402.0M | $343.9M | $266.1M |
| Gross profit | — | — | — | — | — |
| Operating income | $50.8M | -$457.7M | -$86.0M | -$88.6M | -$62.0M |
| Net income | $33.0M | -$330.4M | -$227.2M | -$74.7M | -$65.3M |
| Diluted EPS | — | -$3.70 | -$2.48 | -$10.74 | -$8.32 |
| Operating cash flow | $60.7M | $3.3M | -$24.7M | -$5.3M | -$4.1M |
| Free cash flow | $60.7M | -$229,000.00 | -$27.1M | -$5.3M | -$4.2M |
| Gross margin | — | — | — | — | — |
| Operating margin | 7.4% | -74.8% | -21.4% | -25.8% | -23.3% |
| Net margin | 4.8% | -54.0% | -56.5% | -21.7% | -24.6% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $94.6M | $88.8M | $75.6M | $74.5M | $78.1M | $61.6M | $51.9M | $37.2M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | -$29.1M | -$21.8M | -$11.9M | -$13.1M | -$15.9M | -$15.6M | -$17.4M | -$51.0M |
| Net income | -$26.4M | -$23.6M | -$14.2M | -$15.9M | -$17.5M | -$18.5M | -$13.5M | -$47.1M |
| Diluted EPS | -$3.80 | -$3.37 | -$3.41 | -$2.14 | -$2.23 | -$2.30 | -$1.65 | -$5.82 |
| Operating cash flow | $10.0M | -$5,000.00 | $772,000.00 | -$15.9M | $24.5M | -$2.1M | -$10.6M | -$26.1M |
| Free cash flow | $10.0M | -$36,000.00 | $772,000.00 | -$16.0M | $24.5M | -$2.1M | -$10.6M | -$26.1M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | -30.8% | -24.6% | -15.7% | -17.6% | -20.4% | -25.3% | -33.6% | -137.1% |
| Net margin | -27.9% | -26.6% | -18.7% | -21.3% | -22.4% | -30.1% | -26.0% | -126.4% |
Company news
Jun 12, 2026
May 29, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
No insider transactions in the last 12 months.
No insider transactions on file.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.