System1, Inc. (SST)
NYSE: SST · Real-Time Price · USD
3.320
+1.950 (142.34%)
At close: Mar 27, 2026, 4:00 PM EDT
2.740
-0.580 (-17.47%)
After-hours: Mar 27, 2026, 7:59 PM EDT

System1 Cash Flow 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
Net Income
-81.19-97.3-285.59-441.32-37.06
Depreciation & Amortization
82.8680.11105.21118.651
Stock-Based Compensation
11.3115.7653.09108.3223.71
Other Adjustments
1.84-0.91107.71265.46-0.71
Change in Receivables
4.93-6.820.864.611.12
Changes in Accounts Payable
12.010.9-6.82.12-67.6
Changes in Accrued Expenses
-35.671.99-19.44-22.0357.49
Changes in Unearned Revenue
--15.279.010.31
Changes in Other Operating Activities
-0.230.99-15.06-41.491.15
Operating Cash Flow
-4.15-5.26-24.743.32-10.6
Capital Expenditures
-0.05-0.03-2.35-3.55-
Purchases of Intangible Assets
-6.68-6.22-5.61-6.39-0.44
Payments for Business Acquisitions
----444.07-
Proceeds from Business Divestments
--211.14--
Investing Cash Flow
-6.72-6.26203.18-454.01-0.44
Short-Term Debt Issued
50-64--
Short-Term Debt Repaid
---116.4--
Net Short-Term Debt Issued (Repaid)
50--52.4--
Long-Term Debt Issued
--11.28450-
Long-Term Debt Repaid
-20-61.79-22.7-187.49-
Net Long-Term Debt Issued (Repaid)
-20-61.79-11.42262.51-
Issuance of Common Stock
2.25--251.51-
Repurchase of Common Stock
-0.91-2.15-3.06-513.68-
Net Common Stock Issued (Repurchased)
1.34-2.15-3.06-262.17-
Common Dividends Paid
-0.03-0.03-0.1-1.51-
Other Financing Activities
---7.09-26.56-
Financing Cash Flow
31.31-63.96-74.07-27.73-
Effect of Exchange Rate Changes on Cash and Cash Equivalents
0.13-0.030.01-0.06-0.02
Net Cash Flow
20.56-75.5104.38-478.48-11.06
Free Cash Flow
-4.19-5.29-27.1-0.23-10.6
FCF Margin
-1.58%-1.54%-6.74%-0.04%-20.11%
Free Cash Flow Per Share
-0.53-0.76-2.96--2.05
Levered Free Cash Flow
23.58-52.5-214.21-5.17-44.72
Unlevered Free Cash Flow
-5.24-4.98-22.46-495.86-44.91
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q