System1, Inc.

SST

System1, Inc.

SST

Insider Sentiment (TTM):

Last Purchase:2026-04-15Last Sale:2024-06-17Shares Purchased (TTM):26,910Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:820,993Shares Outstanding:8,090,000Institutional Ownership Pct.:10.15%

Earnings Market Reaction:

Filing Date:2026-08-05Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Common Class A	-	8	0	0	1	7	0	0	-62	69	0	1
Common Class C	-	2	0	0	-0	2	0	0	-19	21	0	0
Assets
Nonrelated Party	-	-	-	-	-	-	-	-	-	-	-	-9
Related Party	-	-	-	-	-	-	-	-	-	-	-	-9
Assets Current
Cash And Cash Equivalents At Carrying Value	40	52	87	55	64	44	64	69	76	70	135	5
Restricted Cash Current	1	1	1	1	1	1	4	4	4	7	4	3
Accounts Receivable Net Current	41	53	57	54	70	62	63	58	62	53	56	59
Prepaid Expense And Other Assets Current	8	6	4	6	6	7	4	4	7	10	7	10
Assets Of Disposal Group Including Discontinued Op…	-	-	-	-	-	-	-	-	-	-	0	13
Assets Current	90	112	149	117	141	114	134	135	149	140	202	91
Restricted Cash Noncurrent	0	0	0	0	0	0	0	0	0	1	4	4
Property Plant And Equipment Net	1	1	2	2	2	2	2	2	3	3	3	3
Capitalized Computer Software Net	-	14	14	14	14	14	14	14	13	13	11	11
Intangible Assets Net Excluding Goodwill	96	101	148	167	185	204	222	241	260	278	297	316
Goodwill	82	82	82	82	82	82	82	82	82	82	82	82
Operating Lease Right Of Use Asset	8	9	9	3	3	2	3	3	4	4	5	5
Other Assets Noncurrent	0	0	0	0	0	0	0	0	0	0	1	1
Assets	291	320	405	385	429	419	459	479	511	521	605	928
Liabilities And Stockhold…
Disposal Group Including Discontinued Operation As…	-	-	-	-	-	-	-	-	-	-	0	414
Liabilities Current
Accounts Payable Current	15	14	22	23	28	8	10	9	6	7	9	-
Operating Lease Liability Current	2	1	1	1	1	2	2	2	2	2	2	2
Debt Current	77	77	77	24	22	19	16	16	16	16	15	15
Liabilities Current	117	126	146	102	120	90	105	99	102	78	86	238
Operating Lease Liability Noncurrent	7	8	8	3	3	1	1	2	2	3	4	4
Liabilities Of Disposal Group Including Discontinu…	-	-	-	-	-	-	-	-	-	-	0	117
Long Term Debt Noncurrent	215	222	228	235	242	248	255	-	-	-	-	-
Long Term Debt And Capital Lease Obligations	-	-	-	-	-	-	255	259	263	269	334	388
Derivative Liabilities Noncurrent	-	-	-	-	-	0	0	1	1	2	3	1
Deferred Income Tax Liabilities Net	4	4	4	5	5	6	6	7	7	8	8	15
Other Liabilities Noncurrent	2	1	1	6	6	6	6	8	7	1	1	3
Liabilities	344	359	388	351	376	351	374	376	382	361	436	687
Stockholders Equity
Liabilities Of Disposal Group Including Discontinu…	-	-	-	-	-	-	-	-	-	-	0	39
Additional Paid In Capital	882	880	879	877	874	866	863	859	854	850	843	849
Retained Earnings Accumulated Deficit	-907	-895	-848	-834	-816	-798	-782	-768	-745	-718	-708	-646
Accumulated Other Comprehensive Income Loss Net Of…	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Treasury Stock Common Value	-1	-1	-1	-	-	-	0	-	-	-	-	-
Stockholders Equity	-27	-15	17	34	58	67	85	90	109	132	169	203
Minority Interest	-26	-24	-13	-8	-5	0	5	13	20	29	34	38
Liabilities And Stockholders Equity	291	320	405	385	429	419	459	479	511	521	605	928
Shares Outstanding	-	-	-	-	-	-	-	-	-	2	-	-
Treasury Stock Common Shares	0	0	0	-	-	-	-	-	-	-	-	-

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-31.46%	-43.82%	-60.90%	-	-	-	-	-	-	-	-	-
2025	-5.09%	69.44%	101.34%	20.88%	25.30%	4.58%	-31.52%	-16.49%	-17.57%	41.11%	55.73%	18.18%
2024	-27.68%	-14.12%	-22.03%	5.98%	-5.13%	-10.26%	-4.55%	-23.55%	-29.91%	-31.85%	-7.10%	-28.19%
2023	-	-	-	-25.40%	-51.21%	-53.23%	-1.47%	63.24%	45.59%	52.08%	21.53%	-11.11%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	0.77	0.89	1.02	1.14	1.18	1.27	1.28	1.36	1.46	1.79	2.34	0.38
Quick Ratio	0.70	0.84	0.99	1.08	1.13	1.19	1.24	1.32	1.39	1.67	2.26	0.34
Working Capital	-27.44M	-14.11M	3.04M	14.49M	21.48M	24.50M	29.38M	36.04M	46.90M	61.71M	115.59M	-147.16M
Leverage & Debt
Debt to Equity	-12.91	-23.30	22.25	10.24	6.46	5.23	4.40	4.17	3.49	2.74	2.58	3.39
Interest Coverage TTM	-3.41	-3.69	-2.25	-1.95	-2.10	-2.48	-2.81	-2.68	-2.32	-1.93	-1.76	-1.60
Debt Ratio	1.18	1.12	0.96	0.91	0.88	0.84	0.81	0.79	0.75	0.69	0.72	0.74
Efficiency & Turnover
Asset Turnover TTM	0.50	0.62	0.62	0.67	0.67	0.71	0.65	0.52	0.46	0.45	0.46	0.31
Days Sales Outstanding TTM	112.16	91.72	82.43	70.51	76.06	62.65	63.15	58.59	62.62	60.90	61.98	76.22
Receivables Turnover TTM	3.25	3.98	4.43	5.18	4.80	5.83	5.78	6.23	5.83	5.99	5.89	4.79
Per Share Metrics
Diluted EPS TTM	-12.35	-13.23	-8.32	-11.51	-12.51	-13.80	-13.99	-13.63	-29.31	-32.45	-26.60	-27.41
Free Cash Flow Per Share TTM	-3.76	-1.77	-0.53	2.88	3.22	-0.71	-0.76	-3.60	-4.74	-5.39	-2.96	-0.44
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	50.68%	41.66%	37.72%	38.27%	35.64%	33.33%	29.46%	29.38%	32.87%	36.54%	38.12%	34.01%
Operating Profit Margin TTM	-51.03%	-43.68%	-23.31%	-19.50%	-19.79%	-22.77%	-25.76%	-26.28%	-26.09%	-23.94%	-21.39%	-22.40%
Net Profit Margin TTM	-55.73%	-46.78%	-24.55%	-32.00%	-30.85%	-30.78%	-28.29%	-26.19%	-55.95%	-60.14%	-60.51%	-78.15%
Growth Metrics
Net Revenue Growth (1Y)	-42.93%	-31.38%	-22.62%	-20.49%	-12.76%	-8.82%	-14.44%	10.11%	-18.21%	-35.52%	-34.34%	-57.94%
Net Income Growth (1Y)	3.10%	4.30%	-32.84%	-2.87%	-51.90%	-53.34%	-60.00%	-63.10%	-53.88%	-49.05%	-44.88%	-33.30%
EPS Growth (1Y)	-1.25%	-4.10%	-40.53%	-15.52%	-57.33%	-57.48%	-47.40%	-50.29%	-37.64%	-30.27%	-46.18%	-35.67%
Valuation Metrics
P/E TTM	-0.19	-0.23	-0.47	-0.61	-0.44	-0.28	-0.64	-0.82	-0.52	-0.60	-0.83	-0.44
P/B TTM	-0.71	-1.58	1.77	1.65	0.74	0.42	0.73	0.87	0.96	1.01	1.20	0.56
P/S TTM	0.10	0.11	0.12	0.20	0.14	0.08	0.18	0.22	0.29	0.36	0.51	0.34
Market Cap	18.86M	24.43M	30.79M	56.70M	43.24M	28.34M	62.46M	78.46M	105.46M	132.85M	203.03M	114.17M
Enterprise Value	269.29M	270.50M	247.40M	261.35M	241.31M	250.62M	266.03M	280.44M	304.79M	339.95M	482.00M	492.42M
Calculated Values
Free Cash Flow TTM	-30.67M	-14.33M	-4.19M	23.17M	25.18M	-5.29M	-5.29M	-25.23M	-32.89M	-36.57M	-27.10M	-4.19M
Net Debt	250.43M	246.07M	216.61M	204.65M	198.07M	222.28M	203.58M	201.98M	199.34M	207.10M	278.97M	378.25M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-04-15Purchase

Owner: Kidambi, Tridivesh

Title: Chief Financial Officer

Shares: 26,910

Price/Share: $3.00

Value: $80,730.00

Shares Owned: 146,816

Relationship: Officer

Ownership: Direct

2025-08-22Purchase

Owner: Cee, Holdings Trust

Title: -

Shares: 11,015

Price/Share: $7.32

Value: $80,629.80

Shares Owned: 919,555

Relationship: TenPercentOwner

Ownership: Direct

2025-08-21Purchase

Owner: Cee, Holdings Trust

Title: -

Shares: 12,584

Price/Share: $6.90

Value: $86,829.60

Shares Owned: 908,540

Relationship: TenPercentOwner

Ownership: Direct

2025-06-13Purchase

Owner: Civantos, John

Title: -

Shares: 6,158

Price/Share: $4.01

Value: $24,693.58

Shares Owned: 55,613

Relationship: Director

Ownership: Direct

2025-06-12Purchase

Owner: Civantos, John

Title: -

Shares: 18,842

Price/Share: $3.89

Value: $73,295.38

Shares Owned: 49,455

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-04-15	Kidambi, Tridivesh	Officer	Chief Financial Officer	Direct	Purchase	26,910	3.00	$80,730.00	146,816	4
2025-08-22	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	11,015	7.32	$80,629.80	919,555	4
2025-08-21	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	12,584	6.90	$86,829.60	908,540	4
2025-06-13	Civantos, John	Director	-	Direct	Purchase	6,158	4.01	$24,693.58	55,613	4
2025-06-12	Civantos, John	Director	-	Direct	Purchase	18,842	3.89	$73,295.38	49,455	4
2024-09-16	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	8,412	1.24	$10,430.88	8,768,056	4
2024-09-12	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	3,372	1.24	$4,181.28	8,759,644	4
2024-09-09	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	2,196	1.19	$2,613.24	8,747,831	4
2024-09-04	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	8,547	1.24	$10,598.28	8,729,776	4
2024-08-23	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	37,477	1.21	$45,347.17	8,704,423	4
2024-08-20	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	1,500	1.25	$1,875.00	8,658,050	4
2024-08-15	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	14,142	1.08	$15,273.36	8,644,587	4
2024-07-11	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	6,749	1.45	$9,786.05	8,625,096	4
2024-07-05	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	2,355	1.45	$3,414.75	8,505,545	4
2024-07-02	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	75,106	1.43	$107,401.58	8,502,942	4
2024-06-27	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	50,154	1.40	$70,215.60	8,338,410	4
2024-06-24	Cee, Holdings Trust	TenPercentOwner	-	Direct	Purchase	1,200	1.45	$1,740.00	8,226,644	4
2024-06-17	Lone, Star Friends Trust,…	TenPercentOwner	-	Indirect	Sale	4,775,000	1.50	$7,162,500.00	1,850,215	4/A
2024-06-17	Blend, L Michael	Director,Officer	CEO & Chairman	Direct	Sale	725,000	1.50	$1,087,500.00	0	4
2024-03-19	Blend, Stanley	TenPercentOwner	-	Indirect	Purchase	245	1.42	$347.90	6,625,215	4
2023-12-15	Blend, Stanley	TenPercentOwner	-	Indirect	Purchase	880,281	1.42	$1,249,999.02	6,613,237	4/A
2023-12-15	Lone, Star Friends Trust,…	TenPercentOwner	-	Indirect	Purchase	880,000	1.42	$1,249,600.00	6,612,956	4
2023-09-06	Cannae, Holdings, Llc, Ca…	TenPercentOwner	-	Indirect	Sale	110,000	1.85	$203,500.00	27,012,794	4
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Institutional Ownership

No data available for chart

2026-03-31

10.15%

Inst. Shares: 820,993

Shares Outstanding: 8,090,000

2025-12-31

10.38%

Inst. Shares: 815,421

Shares Outstanding: 7,854,000

2025-09-30

39.71%

Inst. Shares: 3,198,241

Shares Outstanding: 8,054,000

2025-06-30

41.30%

Inst. Shares: 3,229,888

Shares Outstanding: 7,820,000

2025-03-31

46.21%

Inst. Shares: 3,437,779

Shares Outstanding: 7,439,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	820,993	8,090,000	10.15%
2025-12-31	815,421	7,854,000	10.38%
2025-09-30	3,198,241	8,054,000	39.71%
2025-06-30	3,229,888	7,820,000	41.30%
2025-03-31	3,437,779	7,439,000	46.21%
2024-12-31	3,512,248	6,955,000	50.50%
2024-09-30	3,475,222	7,005,000	49.61%
2024-06-30	3,476,005	6,938,000	50.10%
2024-03-31	3,530,079	6,778,100	52.08%
2023-12-31	3,450,216	9,145,400	37.73%
2023-09-30	3,426,620	9,435,900	36.31%
2023-06-30	723,267	9,379,900	7.71%
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System1, Inc. (SST) — SEC Financial Statements & Analysis

System1, Inc. (SST) is a services-computer programming, data processing, etc. company. System1, Inc. trades on NYSE, OTC as: SST, SSTPW. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), System1, Inc. reported a -42.93% year-over-year revenue growth, a Gross Profit Margin of 50.68% (TTM), a Debt-to-Equity ratio of -12.91x, a Price-to-Sales (P/S) ratio of 0.10x (TTM), a Price-to-Book (P/B) ratio of -0.71x (TTM), at a market cap of $18.86M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -42.93%
Gross Profit Margin TTM: 50.68%
Debt To Equity: -12.91x
P/S TTM: 0.10x
P/B TTM: -0.71x
Market Cap: $18.86M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is System1, Inc. in?

System1, Inc. (SST) operates in the Services-Computer Programming, Data Processing, Etc. industry.

What is SST's market cap?

System1, Inc. (SST) has a market capitalization of $18.86M as of 2026-06-30.

What exchange does SST trade on?

System1, Inc. (SST) trades on the NYSE, OTC.

System1, Inc.

Financial Statements

Custom Table

Interactive Financial Visualizations

Earnings Market Reaction

Performance and Valuation Metrics

Insider Transactions

Institutional Ownership

System1, Inc. (SST) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Services-Computer Programming, Data Processing, Etc.

Wall Street's data.
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System1, Inc. (SST) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Services-Computer Programming, Data Processing, Etc.

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.