SST
System1, Inc.4.1800
+0.0300+0.72%
Dec 16, 3:59:50 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
41.79MP/E (TTM)
-Basic EPS (TTM)
-8.61Dividend Yield
0%Recent Filings
10-K
FY2025 results
System1's FY2025 revenue fell 23% y/y to $266M, with Marketing down 34% from constrained traffic acquisition while Products grew 16% on 15% more sessions. Q4 showed seasonal strength, delivering 20% of annual revenue amid 11B total sessions processed. Adjusted EBITDA held steady at $42M despite losses, but $310M debt looms with revolver drawn to $50M. Q4 repurchases hit 136K shares. Google supplied 67% revenue. Creditor suits over restructuring threaten momentum.
8-K
Q4 revenue drops, EBITDA up yearly
8-K
NYSE noncompliance notice
System1 received NYSE notice on December 8, 2025, for failing Section 802.01B: 30-day average market cap under $50 million, stockholders' equity below $50 million as of September 30. It has 18 months to cure via business plan due January 22, 2026. Delisting looms without fix. Noncompliance pressures liquidity.
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