System1, Inc.

System1, Inc.

SST
System1, Inc.US flagNew York Stock Exchange
2.54
USD
-0.06
- -
25.42MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
32.5
49.88
58.26
84.26
- -
43.95
46.7
32.9
28.54
Basic EPS, GAAP
-0.24
1.08
7.8
4.04
- -
-24.85
-10.14
-8.08
-12.04
Free Cash Flow per Basic Share
2.06
3.86
5.7
7.42
- -
-2.96
-0.72
-0.55
-1.79
Dividend per Share
0.74
1.06
5.7
1.78
- -
0.01
- -
- -
- -
Book Value per Share
- -
-8.37
53.39
- -
-47.92
-77.38
-106.22
-104.81
-111.59
Tangible Book Value per Share
- -
-22.86
39.5
-16.5
1.05
-24.22
-31.8
-28.04
-29.52
Basic Weighted Avg Shares
8
8
8
8
9
9
7
8
8
Sales/Revenue/Turnover
266
407
476
688
- -
402
344
266
229
Operating Margin (%)
8.54
12.79
8.95
7.38
- -
-21.39
-25.76
-23.31
-27.59
Depreciation Expense
5
11
14
14
- -
105
80
83
75
Net Income, GAAP
-2
9
64
33
- -
-227
-75
-65
-97
Effective Tax Rate (%)
- -
2.81
10.44
2.84
- -
- -
- -
- -
- -
Profit Margin (%)
-0.75
2.16
13.4
4.79
- -
-56.53
-21.71
-24.55
-42.18
Working Capital
- -
-13
- -
-131
-85
116
29
3
-14
LT Debt
- -
230
171
- -
405
338
256
237
229
Total Equity
- -
-66
436
-28
471
169
85
17
-39
Return on Invested Capital (%)
- -
53.3
9.47
13.02
- -
- -
- -
- -
- -
Return on Capital (%)
- -
36.12
21.26
12.56
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
15.13
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
25
78
78
LT Borrowings
235
228
222
LT Finance Leases
3
8
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
54
31
24

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
117
149
112
Cash, Cash Equivalents & STI
55
87
52
Accounts Receivable, Net
54
57
53
Inventories
- -
- -
- -
Total Current Liabilities
102
146
126
Payables & Accruals
61
51
42
ST Debt
25
78
78
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-411.42%
-79.51%
Free Cash Flow
- -
- -
-15.47%
Net Income, GAAP
- -
- -
-12.49%
Sales/Revenue/Turnover
- -
- -
-22.62%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
85
95
89
76
344
2025
75
78
62
52
266
2026
37
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.55
-3.8
-3.35
-1.92
-10.14
2025
-2.12
-2.23
-2.3
-1.67
-8.08
2026
-5.8
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Michael Blend
Full Time Employees
250
Sector
Technology
Industry
Software - Services
Address
4235 Redwood Avenue Los Angeles CA United States of America 90066
IPO Date
Aug 7, 2020
Business
System1, Inc. (SST) operates a proprietary responsive acquisition marketing platform (RAMP) that leverages machine learning and artificial intelligence to monetize internet traffic and deliver high-intent customers to advertisers across hundreds of verticals including health and wellness, automotive, finance, travel, and entertainment; the platform integrates with major digital ad networks for search, display, video, commerce, lead generation, and subscription channels. The company owns and operates flagship brands such as MapQuest for web-based navigation and turn-by-turn directions, Startpage as a privacy-focused search engine, Info.com metasearch engine, HowStuffWorks for explanatory digital content, CouponFollow for online coupons and shopping, and others including ActiveBeat, Answers.com, Walletgenius, and Autoversed, reaching 120 million monthly consumers through its publishing, search, and applications portfolio; it also provides antivirus software solutions and subscription bundles in privacy and security. Founded in 2013 and headquartered in Marina del Rey, California, System1 conducts omnichannel customer acquisition in two segments—Owned and Operated Advertising, which generates the majority of revenue, and Partner Network—serving audiences primarily in the United States and internationally with about 300 employees. Recent developments include a strategic emphasis on its Owned and Operated segment for higher margins, international revenue expansion to 36% of owned and operated revenue in Q4 2024 from 26% the prior year with entry into 3-4 new countries, $12.5 million investment in R&D for technology platform enhancements, and Q3 2025 financial results showing revenue of $61.6 million despite a 31% year-over-year decline amid AI strategy focus. The company maintains a strong commitment to privacy across its properties, honoring acquired entities' policies while expanding features without compromising user data control.

Company News

APIChatGPT
  • System1 rejects improved Brave Bison takeover approach as too low

  • Brave Bison targets System1 in cash takeover approach

  • Alderbuck Energy to Deploy 800 VDC Solid-State Transformer Platform at San Diego Supercomputer Center

  • System1, Inc. (SST) Discusses Debt Exchange Agreement, Marketing Activity Reduction, and Long-Term Strategic Focus Transcript

  • Toyota Turns Up the Thrill for 2027 with New Updates to GR86

  • Top Stock for AI's Next Megatrend: Infineon

  • System1 Strengthens Capital Structure and Reduces Total Debt Through Exchange Transaction With Lenders

  • System1 Strengthens Capital Structure and Reduces Total Debt Through Exchange Transaction With Lenders

  • Navitas to Showcase Breakthrough GaN and SiC Based Solutions for AI Data Center, Energy and Grid Infrastructure, and Industrial Electrification at PCIM 2026

  • Why Is System1 (SST) Stock Down 33% After Hours Today?

  • System1 Announces First Quarter 2026 Financial Results

  • MapQuest and iHeartRadio Launch First-Ever Audio Integration on MapQuest.com

  • Enphase Energy Publishes Technical White Paper on IQ SST Architecture for AI Data Centers

  • Why Is System1 Stock Sliding Monday?

  • Head to Head Analysis: System1 (NYSE:SST) vs. Clear Channel Outdoor (NYSE:CCO)

  • System1 shares jump 19% as marketing analytics group forecasts return to profitable growth

  • System1 Announces Fourth Quarter and Full Year 2025 Financial Results

  • Comparing System1 (NYSE:SST) & National CineMedia (NASDAQ:NCMI)

  • System1 (NYSE:SST) Stock Price Up 2.3% – Still a Buy?

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