SST
System1, Inc.
NYSE · Industrials · Specialty Business Services · US
$3.83
+1.86%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 180.9M | 266.1M | 343.9M | 402.0M | 664.9M |
| Cost of Revenue | 173.6M | 288.3M | 385.2M | 433.7M | 720.0M |
| Gross Profit | 7.3M | (22.2M) | (41.3M) | (31.7M) | (55.1M) |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 44.8M | 39.9M | 47.3M | 54.3M | 66.5M |
| General & Admin Expense | — | — | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 18.0M | — | — | — | — |
| Total Operating Expenses | 62.8M | 39.9M | 47.3M | 54.3M | 66.5M |
| Cost and Expenses | 236.4M | 328.2M | 432.5M | 488.0M | 786.5M |
| Operating Income (EBIT) | (55.5M) | (62.0M) | (88.6M) | (86.0M) | (121.6M) |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | 27.1M | 27.6M | 31.6M | 48.7M | 32.7M |
| Net Interest Income | (27.1M) | (27.6M) | (31.6M) | (48.7M) | (32.7M) |
| Other Non-Op Income/Expense | (58.3M) | (22.0M) | (9.1M) | (45.6M) | (409.1M) |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | (113.8M) | (84.1M) | (97.7M) | (131.6M) | (530.7M) |
| Income Tax Expense | (1.1M) | (2.9M) | (370.0K) | (20.4M) | (109.3M) |
| Bottom Line | |||||
| Net Income | (91.7M) | (65.3M) | (74.7M) | (223.0M) | (367.5M) |
| Earnings from Cont. Ops | (112.7M) | (81.2M) | (97.3M) | (111.3M) | (421.4M) |
| Earnings from Discont. Ops | — | — | — | (137.2M) | (45.9M) |
| Bottom Line Net Income | (91.7M) | (65.3M) | (74.7M) | (223.0M) | (367.5M) |
| Per Share | |||||
| Basic EPS | ($11.33) | ($8.32) | ($1.07) | ($2.44) | ($3.81) |
| Diluted EPS | ($11.33) | ($8.32) | ($1.07) | ($2.44) | ($3.81) |
| Revenue Per Share | $22.16 | $33.88 | $4.94 | $4.40 | $7.25 |
| Shares | |||||
| Basic Shares Outstanding | 8.2M | 7.9M | 69.6M | 91.5M | 91.7M |
| Diluted Shares Outstanding | 8.2M | 7.9M | 69.6M | 91.5M | 91.7M |
| Profitability Metrics | |||||
| EBITDA | 17.4M | 20.8M | (8.5M) | (7.6M) | (51.1M) |
| D&A | 72.9M | 82.9M | 80.1M | 78.4M | 70.5M |
| EBIT | (55.5M) | (62.0M) | (88.6M) | (86.0M) | (121.6M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026