System1, Inc. (SST)
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- Fiscal year ends Dec 31
In fiscal 2025, System1, Inc. reported revenue of $266.13M, down 22.6% from the prior year. The company ran a net loss, with a net margin of -24.6%. It held $404.97M in total assets against $387.55M in total liabilities.
Key ratios (FY2025)
-23.3%
Operating margin
-24.6%
Net margin
-214.5%
Return on equity
-22.6%
Revenue growth (YoY)
| Metric (FY) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | $266.13M | $343.93M | $401.97M | — | $688.39M | — |
| Cost of Revenue | $165.73M | $242.60M | — | — | — | — |
| Operating Income | -$62.04M | -$88.60M | -$85.99M | — | $50.83M | — |
| Net Income | -$65.34M | -$74.67M | -$227.22M | — | $33.00M | — |
| EPS (Diluted) | $-8.32 | $-10.74 | $-2.48 | — | — | — |
| Total Assets | $404.97M | $459.13M | $605.47M | $1.16B | $256.91M | $518.55M |
| Total Liabilities | $387.55M | $374.13M | $436.15M | $689.78M | $285.31M | $82.39M |
| Shareholders' Equity | $30.47M | $80.26M | $135.28M | $392.02M | -$28.40M | -$81.33M |
| Cash & Equivalents | $86.89M | $63.61M | $135.34M | $8.90M | $47.90M | $843.6K |
| Operating Cash Flow | -$4.15M | -$5.25M | -$24.74M | — | $60.70M | — |
| Capital Expenditures | $46.0K | $31.0K | $2.35M | — | $49.0K | — |
| Shares Outstanding | 7.85M | 6.96M | 91.45M | — | — | — |