Skip to main content
logo
System1, Inc. (SST)
NYSE: SST · Real-Time Price · USD
3.450
+0.310 (9.87%)
Mar 31, 2026, 10:01 AM EDT - Market open

System1 Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
266.13343.93401.97612.2352.71
Revenue Growth (YoY)
-22.62%-14.44%-34.34%1061.46%-88.93%
Cost of Revenue
165.73242.6248.75438.8441.51
Gross Profit
100.4101.32153.23173.3911.21
Selling, General & Admin
162.44189.92160.81188.8846.85
Depreciation & Amortization Expenses
--78.469.471
Other Operating Expenses
---372.73-
Total Operating Expenses
162.44189.92239.22631.0747.85
Operating Income
-62.04-88.6-85.99-457.68-36.64
Interest Expense
-27.56-31.56-48.75-31.61-1.05
Other Non-Operating Income (Expense)
-5.53-22.5-7.113.75-
Total Non-Operating Income (Expense)
-33.08-54.06-55.86-27.86-1.05
Pretax Income
-84.07-97.67-131.63-493.04-37.69
Provision for Income Taxes
2.880.3720.37108.680.63
Net Income
-65.35-74.67-227.22-330.39-37.06
Minority Interest in Earnings
15.8522.6358.36110.93-
Earnings From Discontinued Operations
---174.33-56.96-
Net Income to Common
-65.35-74.67-227.22-330.39-37.06
Shares Outstanding (Basic)
87995
Shares Outstanding (Diluted)
87995
Shares Change (YoY)
12.93%-23.95%-0.24%77.15%-20.00%
EPS (Basic)
-8.32-10.74-24.80-36.043.30
EPS (Diluted)
-8.32-10.74-24.80-36.043.30
Free Cash Flow
-4.19-5.29-27.1-0.23-10.6
Free Cash Flow Per Share
-0.53-0.76-2.96--2.05
Gross Margin
37.72%29.46%38.12%28.32%21.26%
Operating Margin
-23.31%-25.76%-21.39%-74.76%-69.51%
Profit Margin
-32.67%-28.51%-27.68%-62.78%-70.31%
FCF Margin
-1.58%-1.54%-6.74%-0.04%-20.11%
EBITDA
20.82-8.4919.22-339.03-35.64
EBITDA Margin
7.82%-2.47%4.78%-55.38%-67.61%
EBIT
-62.04-88.6-85.99-457.68-36.64
EBIT Margin
-23.31%-25.76%-21.39%-74.76%-69.51%
Effective Tax Rate
-3.42%-0.38%-15.48%-22.04%-1.67%
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q