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NYSE · Technology

System1, Inc. (SST)

System1, Inc. brought in $180.9M of revenue over the twelve months to June 30, 2026, down 42.9% from a year earlier. It posted a net loss of $91.7M. In fiscal 2025 capital spending exceeded operating cash flow by $4.2M. At June 30, 2026 it held $40.5M in cash against $291.8M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.

Watch SST in 60 seconds
Price
$2.71
-3.90% on the day · September 28, 2026
52-week range $1.35 to $9.30
Market cap
$28.4M
Revenue (last 12 months)
$180.9M
-42.9% year on year
Net margin
-50.7%

What System1, Inc. does

System1, Inc. is registered with the SEC under industry code SIC 7370 (Services-Computer Programming, Data Processing, Etc.). Its shares trade on NYSE under the ticker SST.

Revenue and profit by year

Revenue
FY21: $688.4M $688.4M FY21FY23: $402M $402M FY23FY24: $343.9M $343.9M FY24FY25: $266.1M $266.1M FY25
Net income
FY21: $33M $33M FY21FY23: -$227.2M -$227.2M FY23FY24: -$74.7M -$74.7M FY24FY25: -$65.3M -$65.3M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$266.1M-$62M-$65.3M-$8.32-$4.2M
2024$343.9M-$88.6M-$74.7M-$10.74-$5.3M
2023$402M-$86M-$227.2M-$24.89-$27.1M
2021$688.4M$50.8M$33Mn/a$60.7M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 4, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 5, 2025. Not a date the company has announced. See the report calendar

Where SST ranks in Technology

Revenue$266.1M
#382 of 731 in Technology · Bottom 48%
Revenue growth-22.6%
#583 of 604 in Technology · Bottom 3%
Net margin-24.6%
#499 of 611 in Technology · Bottom 18%
Free cash flow margin-1.6%
#429 of 569 in Technology · Bottom 25%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What System1, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 5, 2026
  2. August 5, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 61% to $30.2M versus the same quarter last year; diluted EPS -$1.54 versus -$2.23.
  3. August 5, 2026
  4. August 4, 2026
  5. July 24, 2026
  6. June 25, 2026
  7. June 22, 2026
  8. June 11, 2026
  9. June 1, 2026
  10. May 12, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on July 17, 2026. Insider transactions on SEC

Insider trades

What the people running System1, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
July 15, 2026 Weinrot Daniel JGeneral Counsel & Secretary Shares withheld for tax 9,156 $2.60 $23.8K Form 4
July 15, 2026 Kidambi TridiveshChief Financial Officer Shares withheld for tax 6,022 $2.60 $15.7K Form 4
July 15, 2026 Coppola BrianChief Ad Operations Officer Shares withheld for tax 6,124 $2.60 $15.9K Form 4
July 15, 2026 Sestanovich ElizabethChief People Officer Shares withheld for tax 7,058 $2.60 $18.4K Form 4
May 29, 2026 Kidambi TridiveshChief Financial Officer Received as pay 35,300 - - Form 4
April 15, 2026 Weinrot Daniel JGeneral Counsel & Secretary Shares withheld for tax 341 $2.26 $770.7 Form 4
April 15, 2026 Coppola BrianChief Ad Operations Officer Shares withheld for tax 331 $2.26 $748.1 Form 4
April 15, 2026 Sestanovich ElizabethChief People Officer Shares withheld for tax 341 $2.26 $770.7 Form 4
April 15, 2026 Kidambi TridiveshChief Financial Officer Bought 26,910 $3.00 $80.7K Form 4
April 15, 2026 Kidambi TridiveshChief Financial Officer Shares withheld for tax 301 $2.26 $680.3 Form 4
January 28, 2026 Kidambi TridiveshChief Financial Officer Shares withheld for tax 258 $4.18 $1.1K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns SST

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Stanley Blend13D, may seek influence with 1 related filers 14.9% 11,558,471 June 26, 2024
The Blend Family Foundation13D, may seek influence 7% 5,545,077 May 5, 2025
Frank R. Martire, Jr.13D, may seek influence with 3 related filers 6.9% 4,523,089 December 6, 2023

Latest filings below 5%: William P. Foley, II 4.8% (December 2, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

4 insiders reported holding 347,354 shares in total, about $941.3K at the last price.

HolderSharesAs of
Kidambi TridiveshChief Financial Officer 175,793 July 15, 2026
Weinrot Daniel JGeneral Counsel & Secretary 59,897 July 15, 2026
Coppola BrianChief Ad Operations Officer 59,774 July 15, 2026
Sestanovich ElizabethChief People Officer 51,890 July 15, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about SST

What does System1, Inc. do?

System1, Inc. is registered with the SEC under industry code SIC 7370 (Services-Computer Programming, Data Processing, Etc.). Its shares trade on NYSE under the ticker SST.

Is System1, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $91.7M on revenue of $180.9M.

How much revenue does System1, Inc. make?

Over the twelve months to June 30, 2026 System1, Inc. reported revenue of $180.9M. That is 42.9% less than a year earlier.

When did System1, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 5, 2026. It covers the period to June 30, 2026.

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Where the numbers come from

Financial figures are the values System1, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.