SST
Income statement / Annual
Last year (2025), System1 Inc's total revenue was $266.13 M,
a decrease of 22.62% from the previous year.
In 2025, System1 Inc's net income was -$65.35 M.
See System1 Inc,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$266.13 M |
$343.93 M |
$401.97 M |
$664.94 M |
$688.39 M |
$0.00 |
$407.49 M |
$265.53 M |
| Cost of Revenue |
$288.30 M
|
$385.18 M
|
$433.65 M
|
$720.04 M
|
$601.75 M
|
$0.00
|
$275.77 M
|
$171.03 M
|
| Gross Profit |
-$22.17 M
|
-$41.26 M
|
-$31.68 M
|
-$55.10 M
|
$86.64 M
|
$0.00
|
$131.72 M
|
$94.50 M
|
| Gross Profit Ratio |
-0.08
|
-0.12
|
-0.08
|
-0.08
|
0.13
|
0
|
0.32
|
0.36
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$68.35 M
|
$66.52 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$39.87 M
|
$47.35 M
|
$54.31 M
|
$66.50 M
|
$35.81 M
|
$806.03 K
|
$68.35 M
|
$66.52 M
|
| Other Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$11.24 M
|
$5.31 M
|
| Operating Expenses |
$39.87 M
|
$47.35 M
|
$54.31 M
|
$66.50 M
|
$35.81 M
|
$806.03 K
|
$79.59 M
|
$71.84 M
|
| Cost And Expenses |
$328.17 M
|
$432.53 M
|
$487.96 M
|
$786.54 M
|
$637.56 M
|
$806.03 K
|
$355.36 M
|
$242.87 M
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$27.56 M
|
$31.56 M
|
$48.75 M
|
$32.66 M
|
$16.87 M
|
$0.00
|
$26.03 M
|
$18.98 M
|
| Depreciation & Amortization |
$82.86 M
|
$80.11 M
|
$78.40 M
|
$70.47 M
|
$13.89 M
|
$0.00
|
$11.24 M
|
$5.31 M
|
| EBITDA |
$20.82 M |
-$8.49 M |
-$7.59 M |
-$51.13 M |
$64.72 M |
-$806.03 K |
$62.23 M |
$25.46 M |
| EBITDA Ratio |
0.08
|
-0.02
|
-0.02
|
-0.08
|
0.09
|
0
|
0.15
|
0.1
|
| Operating Income Ratio |
-0.23
|
-0.26
|
-0.21
|
-0.18
|
0.07
|
0
|
0.13
|
0.09
|
| Total Other Income/Expenses Net |
-$22.03 M
|
-$9.07 M
|
-$45.64 M
|
-$409.14 M
|
-$16.87 M
|
-$29.11 M
|
-$27.18 M
|
-$18.98 M
|
| Income Before Tax |
-$84.07 M
|
-$97.67 M
|
-$131.63 M
|
-$530.73 M
|
$33.96 M
|
-$29.91 M
|
$24.95 M
|
$3.69 M
|
| Income Before Tax Ratio |
-0.32
|
-0.28
|
-0.33
|
-0.8
|
0.05
|
0
|
0.06
|
0.01
|
| Income Tax Expense |
-$2.88 M
|
-$370.00 K
|
-$20.37 M
|
-$109.31 M
|
$965.00 K
|
$0.00
|
$702.00 K
|
$24.64 M
|
| Net Income |
-$65.35 M
|
-$74.67 M
|
-$222.97 M
|
-$367.45 M
|
$33.00 M
|
-$29.91 M
|
$8.80 M
|
-$20.96 M
|
| Net Income Ratio |
-0.25
|
-0.22
|
-0.55
|
-0.55
|
0.05
|
0
|
0.02
|
-0.08
|
| EPS |
-8.32 |
-1.07 |
-2.44 |
-3.81 |
16.11 |
0.25 |
0.27 |
-0.26 |
| EPS Diluted |
-8.32 |
-1.07 |
-2.44 |
-3.81 |
16.11 |
0.25 |
0.27 |
-0.26 |
| Weighted Average Shares Out |
$7.85 M
|
$69.55 M
|
$91.45 M
|
$91.67 M
|
$84.15 M
|
$64.69 M
|
$89.25 M
|
$81.70 M
|
| Weighted Average Shares Out Diluted |
$7.85 M
|
$69.55 M
|
$91.45 M
|
$91.67 M
|
$84.15 M
|
$64.69 M
|
$89.25 M
|
$81.70 M
|
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