System1 Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	86.89	63.61	135.34	8.91	0.05
Short-Term Investments	-	-	-	-	517.5
Cash & Short-Term Investments	86.89	63.61	135.34	8.91	517.55
Cash Growth	36.60%	-53.00%	1419.85%	-98.28%	-0.15%
Accounts Receivable	57.29	62.92	56.09	80.43	-
Other Current Assets	5.3	7.95	10.57	37.18	0.07
Total Current Assets	149.48	134.48	202	126.51	120.23
Net Property, Plant & Equipment	10.68	4.75	7.82	9.65	-
Other Intangible Assets	161.76	236.78	308.43	378.61	-
Goodwill	82.41	82.41	82.41	82.41	-
Other Long-Term Assets	0.64	0.72	4.82	563.29	-
Total Assets	404.97	459.13	605.47	1,160	517.62
Accounts Payable	22.02	10.4	9.5	6.71	12.56
Accrued Expenses	46.28	76.2	59.31	85.78	-
Short-Term Debt	-	-	-	-	0.45
Current Portion of Long-Term Debt	76.72	16.41	15.27	15.02	-
Current Portion of Leases	1.43	2.09	2.33	2.15	-
Other Current Liabilities	-	-	-	101.42	-
Total Current Liabilities	146.44	105.1	86.42	211.08	13.01
Long-Term Debt	228.4	255.12	334.23	399.5	-
Long-Term Leases	8.18	1.37	3.58	5.88	-
Other Long-Term Liabilities	4.53	12.56	11.92	73.33	47.42
Total Long-Term Liabilities	241.12	269.04	349.74	478.71	47.42
Total Liabilities	387.55	374.13	436.16	689.79	60.43
Common Stock	0	0	0.01	0.01	0
Additional Paid-in Capital	878.86	863.04	843.11	831.57	-
Accumulated Other Comprehensive Income	-0.16	-0.44	-0.18	-0.26	-
Retained Earnings	-847.68	-782.34	-707.66	-439.3	-60.31
Total Common Shareholders' Equity	31.02	80.26	135.28	392.02	-60.31
Minority Interest	-13.05	4.73	34.04	78.65	517.5
Shareholders' Equity	17.98	85	169.32	470.67	457.19
Total Liabilities & Equity	404.97	459.13	605.47	1,160	517.62
Total Debt	314.73	274.98	355.42	422.55	0.45
Net Cash (Debt)	-227.84	-211.37	-220.08	-413.64	517.1
Net Cash Growth	-	-	-	-	-0.24%
Net Cash Per Share	-29.01	-30.39	-24.06	-	99.92
Book Value	31.02	80.26	135.28	392.02	-60.31
Book Value Per Share	3.95	11.54	14.79	-	-11.65
Tangible Book Value	-213.14	-238.92	-255.56	-69	-60.31
Tangible Book Value Per Share	-27.14	-34.35	-27.94	-	-11.65

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q