System1, Inc. SST

2.82 (0.26) (8.44%) as of 25 Sep
Market cap
$32.3M
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.08
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — 1 — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 74.40%

Capital & Financial Ratios

Market Cap 32.31
Revenue 180.94
Net Income (112.72)
Free Cash Flow (44.40)
Net Debt 250.81
Current Ratio 0.77
Debt/Equity (5.51)
P/E ratio 0.00
P/S ratio 0.13
P/B ratio 0.00
Past 5Y EPS Growth (23.44%)
This Y EPS Growth 12.33%
Next Y EPS Growth (5.04%)
Next 5Y EPS Growth 49.92%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2017 0.25
0.03
0.02
0.03
0.03
0.03
0.03
0.03
0.03
0.03
2016 0.26
0.02
0.02
0.03
0.03
0.02
0.02
0.02
0.02
0.02
0.02
0.02
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 139 68 88 41
Receivables 56 63 57 41
Inventory — — — —
Other — — — —
202 134 149 90
2023 2024 2025 Q'26
Payables 9 10 22 15
ST’ Debt 15 16 77 77
Other — — — —
86 105 146 117
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — (26.31%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% (66.68%)

Revenue

Mar Jun Sep Dec Year
’26 37 30 — — —
’25 75 78 62 52 266
’24 85 95 89 76 344
’23 121 97 88 96 402
’22 219 220 157 69 665
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (26) (2) — — —
’25 (16) 24 (2) (11) (4)
’24 (16) 10 0 1 (5)
’23 (6) 7 (7) (19) (25)
’22 (41) 23 8 4 (7)
’21 10 17 12 21 61
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (28) (6) — — —
’25 (17) 20 (4) (12) (11)
’24 (18) 8 (2) (1) (12)
’23 (8) 4 (9) (20) (33)
’22 (45) 20 5 2 (18)
’21 9 15 10 20 54
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (5.82) (1.54) — — —
’25 (2.10) (2.23) (2.30) (1.65) (8.32)
’24 (1.60) (3.80) (3.40) (1.90) (10.70)
’23 (3.70) (3.80) (14.00) (3.30) (24.80)
’22 (9.73) (3.30) (3.50) (5.66) (53.56)
’21 3.29 5.75 5.55 1.52 16.11
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — 97.20 97.21 34.54 10.40 8.10 2.90

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — 112.00 119.90 371.00 55.80 27.30 15.00
High Price
— — — — — — — — — —
Employees
— — — — — 0 0 0 0 0
Revenue/Emp
— — — — — 688 665 402 344 266
Revenue
— — — — — 24.30% 27.76% 38.12% 29.46% 37.72%
Gross Margin
— — — — (30) 34 (531) (132) (98) (84)
EBT
— — — — 0.00% 4.93% (79.82%) (32.75%) (28.40%) (31.59%)
EBT Margin
— 0 — 0 (30) 33 (478) (286) (97) (81)
Net Income
— — — — — 16 497 227 84 86
Depreciation
— — — — 0.00 336.00 74.45 43.95 49.45 33.88
Revenue/Sh
— — — — (24.39) 16.11 (41.75) (24.80) (10.70) (8.32)
Earnings/Sh
— — — — (0.33) 29.63 (0.82) (2.71) (0.76) (0.53)
Cash Flow/Sh
— — — — 0.00 (3.19) (1.16) (0.87) (0.90) (0.86)
Capex/Sh
— — — — (0.33) 26.44 (1.98) (3.58) (1.65) (1.38)
Free CF/Sh
— — — — (66.31) (13.86) 52.70 18.51 12.22 2.22
Book Value/Sh
— — — — 1 2 9 9 7 8
Shares
— — — — — 6.18 0.00 0.00 0.00 0.00
PE Ratio
— — — — — 0.30 0.63 0.51 0.18 0.12
PS Ratio
— — — — — 0.00 0.88 1.20 0.73 1.77
PB Ratio
— — — — — 0.47 1.23 1.03 0.77 0.93
EV/Sales
— — — — — 6.02 (46.21) (12.64) (21.69) (17.79)
EV/FCF
— — — — 0 61 (7) (25) (5) (4)
Op' Cash Flow
— — — — — (7) (10) (8) (6) (7)
Capex
— — — — 0 54 (18) (33) (12) (11)
FCF
— — — — 0 (131) (85) 116 29 3
Working Cap'
— — — — — 170 415 350 272 305
Total Debt
— — — — (1) 123 400 210 204 217
Net Debt
— — — — (81) (28) 471 169 85 17
Sh' Equity
— — — 0.00% (11.54%) 8.51% (51.85%) (25.73%) (14.03%) (15.12%)
ROA
— — — — 0.00% 33.74% (35.49%) (14.16%) (19.16%) (16.54%)
ROIC
— — — — (6.70%) (60.14%) (166.17%) (71.01%) (58.73%) (127.61%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

System1, Inc. (SST) key facts

  • System1, Inc. (SST) is a Specialty Business Services company in the Industrials sector, listed on the New York Stock Exchange.
  • System1, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $266.1 million, down 22.6% from fiscal 2024.
  • System1, Inc. reported a net loss of $81.2 million, or a loss of $8.32 per share, for fiscal 2025.
  • As of September 25, 2026, SST traded at $2.82, a market capitalization of $32.3 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.1× sales.
  • Return on equity was −127.6% and debt-to-equity -5.51.

Source: company filings (standardised) and stockrow calculations.

System1, Inc. (SST) Latest News

News by impact score

Fine-tune

24 Sep

3

MapQuest, owned by System1 (SST), launched public transit directions in its app, enabling routes that combine buses, trains, trams, and walking in one itinerary. At launch, coverage spans nearly 2,000 cities in more than 70 countries with real-time departures in over 350 cities. The feature lets users plan door-to-door trips, compare multiple routes, view live service alerts where available, and navigate large transit hubs with mapped station entrances and accessible paths. MapQuest General Manager Doug Berger described this as a response to demand from major-city users who want transit as part of daily navigation. The rollout follows recent brand attention around Lake Ontario and signals ongoing investment in the transit experience, with live navigation coming later and mapquest.com support planned. Expands MapQuest's product and user engagement, potentially boosting advertising revenue and platform value for SST.

1 Sep

3

MapQuest reaches No. 1 position as free app in U.S. and Canada Apple App Stores. MapQuest's chart-topping ranking indicates notable user growth for a key System1 asset.

31 Aug

3

MapQuest surges to No. 1 in Apple App Store, 30 years after inventing online mapping. MapQuest reaching No. 1 App Store ranking may lift System1 visibility and short-term user growth.

12 Aug

3 transcript

System1, Inc. (SST) released its Q2 2026 earnings call transcript covering quarterly financial results and business outlook. Q2 2026 earnings call transcript supplies financial metrics and guidance that moderately influence SST investor sentiment and near-term performance.

6 Aug

3

System1, Inc. held its Q2 2026 earnings call covering financial results and company outlook. Quarterly earnings disclosure provides performance data and guidance that influences near-term stock movement.

5 Aug

4

System1, Inc. reported second quarter 2026 financial results and launched new agentic products. New agentic product launch marks significant strategic move likely to shift company trajectory and investor sentiment.

4

MapQuest launches Model Context Protocol server to integrate AI agents with its mapping platform and offers 1 billion free transactions. MapQuest AI platform integration marks major strategic expansion that can materially lift System1 growth trajectory.

23 Jul

3

System1 launches Dogpile Fetch, a new Search MCP Server from the original metasearch engine Dogpile, enabling AI agents broader web access. New product launch adds AI search capabilities that may modestly improve competitive positioning without major financial shifts.

1 Jun

3

System1, Inc. (SST) executed an exchange transaction with lenders, strengthening its capital structure and reducing total debt. Debt reduction through lender exchange improves balance sheet strength and supports better financial positioning.

13 May

4

System1 (SST) stock plunged 33% after hours due to weak quarterly earnings, lowered guidance, and concerns over advertising revenue decline. 33% after-hours stock drop reflects major negative financial results and guidance cut severely impacting investor confidence and trajectory.

12 May

4

System1, Inc. (SST) announced first quarter 2026 financial results. Quarterly earnings announcements deliver key financial metrics that can significantly sway investor sentiment and stock trajectory.

7 May

3

MapQuest and iHeartRadio launched the first-ever audio integration on MapQuest.com, enabling users to play iHeartRadio stations directly while navigating maps. Launch enhances MapQuest's user experience and engagement as a key System1 asset, with potential for revenue growth but limited company-wide transformation.

16 Mar

4

System1, Inc. (SST) shares surged 19% after the marketing analytics group forecasted a return to profitable growth. Forecast of profitable growth triggered 19% share jump, significantly boosting investor sentiment and potential trajectory.

11 Mar

4

System1, Inc. (SST) announced fourth quarter and full year 2025 financial results. Financial results announcements directly impact stock performance and investor sentiment through revealed revenue, profitability, and guidance.

24 Feb

3

Cannae Holdings, Inc. summarized its Q4 2025 earnings call, reporting financial results and providing updates on portfolio companies including System1, Inc. (SST), with details on performance metrics, strategic initiatives, and future outlook. Cannae's Q4 2025 earnings discussion offers moderate insights into System1's financial health and operations amid portfolio updates.

3

System1, Inc. (SST) has announced that it will report its financial results for the fourth quarter and full year of 2024 on a specified date. The company is expected to provide insights into its performance and financial health during this period, which will be closely monitored by investors and analysts. The upcoming financial results may moderately influence investor sentiment and provide insights into the company's performance.

21 Jan

3

1.org has launched an Android app and partnered with Guide Dogs of America | Tender Loving Canines to support the funding of guide and service dogs for veterans, children with autism, and individuals who are visually impaired. The partnership and app launch may enhance brand visibility and community engagement, potentially influencing market sentiment.

12 Dec

3

System1, Inc. (SST) has received a notice from the New York Stock Exchange indicating non-compliance with its listing rules. The company is currently working to address the issues outlined in the notice to regain compliance. Failure to meet the requirements could lead to the suspension of trading of SST's shares on the exchange. Non-compliance with listing rules may affect investor sentiment and trading status, but the company is taking steps to resolve the issue.

5 Dec

3

An insider at System1, Inc. (SST) has increased their holdings in the company over the past year, signaling confidence in its future performance. This move may reflect positive expectations regarding the company's growth and market position. Insider buying typically indicates confidence in the company's prospects, which may influence market sentiment and performance.

18 Nov

3

System1, Inc. has launched 1.org, a free search engine that donates ad revenue to charity. To kick off the initiative, the company has pledged $100,000 for Giving Tuesday to support various nonprofits. This platform aims to provide users with a search engine option that contributes to charitable causes, potentially reshaping how online advertising revenue is utilized. The launch of a charitable search engine could moderately influence System1's market positioning and financial performance.

6 Nov

3

System1, Inc. (SST) reported its Q3 2025 earnings, highlighting challenges faced in the current market environment while also emphasizing growth strategies. The company discussed its efforts to navigate obstacles and adapt to changing conditions, focusing on innovation and operational efficiency to drive future performance. Key metrics and projections were shared, indicating a cautious yet optimistic outlook for the upcoming quarters. Moderate influence on financial performance and competitive positioning is expected due to the company's strategic responses to market challenges.

5 Nov

4

System1, Inc. (SST) reported its financial results for the third quarter of 2025, highlighting significant revenue growth and improved profitability metrics. The company attributed its success to strategic investments in technology and marketing, which enhanced customer engagement and operational efficiency. SST's management expressed optimism about future growth prospects, citing a strong pipeline of new products and services. The results exceeded analyst expectations, leading to positive market reactions. Significant revenue growth and improved profitability indicate a strong strategic direction that could alter the company's trajectory.

8 Aug

3

System1, Inc. (SST) reported strong product growth in its Q2 2025 earnings call, despite facing marketing challenges. The company highlighted its innovative strategies and product enhancements that contributed to revenue increases. Management expressed confidence in overcoming current market hurdles and maintaining momentum in growth areas. Overall, the call reflected a positive outlook for the company's future performance. Strong product growth indicates potential for improved financial performance, but marketing challenges may limit overall impact.

7 Aug

4

System1, Inc. (SST) reported strong financial results for the second quarter of 2025, showcasing significant revenue growth and improved profitability metrics. The company highlighted its successful strategies in digital advertising and customer acquisition, which contributed to the positive performance. SST's management expressed optimism about future growth prospects and plans to continue investing in technology and innovation to enhance its market position. Strong financial results and strategic investments indicate a significant positive impact on future performance.

24 Jul

3

System1, Inc. (SST) has announced that it will report its financial results for the second quarter of 2025. The report is anticipated to provide insights into the company's performance and strategic direction during this period. Quarterly financial results can moderately influence investor sentiment and provide insights into the company's operational performance.

11 Jun

3

System1, Inc. (SST) announced that its Class A common stock will begin trading on a split-adjusted basis starting June 12, 2025. This adjustment is part of the company's ongoing efforts to enhance shareholder value and improve stock liquidity. The stock split is expected to have a moderately noticeable influence on market sentiment and liquidity but is not likely to fundamentally alter the company's trajectory.

10 Jun

3

System1, Inc. (SST) announced a reverse stock split aimed at increasing the per-share price of its common stock. The split will be executed at a ratio of 1-for-10, meaning every ten shares will be consolidated into one share. This decision is part of the company's strategy to meet the minimum bid price requirement for continued listing on the Nasdaq. The reverse split is expected to take effect on a specified date, and shareholders will receive cash for any fractional shares resulting from the split. The reverse stock split may influence investor sentiment and stock price but does not fundamentally change the company's operations or market position.

6 May

4

System1, Inc. (SST) reported its first quarter 2025 financial results, with revenue decreasing 12% year-over-year to $74.5 million. GAAP gross profit increased 53% to $28.4 million, while adjusted EBITDA surged 2754% to $12.1 million. Despite a 44% increase in GAAP net loss to $19.9 million, the company expressed optimism about its performance, particularly in AI investments and Owned and Operated products. System1 did not provide financial guidance for Q2 2025 due to uncertainties with a key advertising partner and broader online advertising volatility. Highlights included significant growth in organic sessions for CouponFollow.com and user engagement for MapQuest's new Naming Generator. The company's strong financial performance and strategic focus on AI and product enhancements indicate significant potential for future growth.

12 Mar

3

System1, Inc. (NYSE:SST) reported a net loss of US$74.7 million for FY 2024, with a loss per share of US$1.07, compared to a US$0.94 loss in FY 2023. Revenue decreased by 14% to US$343.9 million. Future revenue growth is forecasted at 1.6% annually over the next two years, lagging behind the 10% growth expected for the Interactive Media and Services industry in the US. The company's shares have risen by 3.7% over the past week. There are three warning signs identified, including one that should not be ignored. The narrowing of losses and revenue decline indicate moderate challenges, but future growth forecasts suggest limited impact on overall performance.

10 Mar

4

System1, Inc. (SST) reported its financial results for the fourth quarter and full year of 2024, highlighting significant revenue growth and improved profitability metrics. The company attributed its success to strategic investments in technology and marketing, which enhanced customer engagement and operational efficiency. SST's management expressed optimism about future growth prospects, citing ongoing initiatives aimed at expanding market share and product offerings. The results exceeded analyst expectations, leading to positive market reactions. The financial results indicate significant growth and strategic initiatives that could alter the company's trajectory.

stockrow.com/SST · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com