# System1, Inc.: overview SST · NYSE · CIK 1805833 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/sst.md) · [Financials](/companies/sst/financials.md) · [Filings](/companies/sst/filings.md) · [Insiders](/companies/sst/insiders.md) Latest reported revenue: [$30.2m](/filings/0001805833-26-000050.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001805833-26-000050). ## Last eight quarters | Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [88.8](/filings/0001805833-25-000015.md) | [75.6 d](/filings/0001805833-26-000014.md) | [74.5](/filings/0001805833-26-000026.md) | [78.1](/filings/0001805833-26-000050.md) | [61.6](/filings/0001805833-25-000015.md) | [51.9 d](/filings/0001805833-26-000014.md) | [37.2](/filings/0001805833-26-000026.md) | [30.2](/filings/0001805833-26-000050.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [(24.6%)](/filings/0001805833-25-000015.md) | [(15.7%) d](/filings/0001805833-26-000014.md) | [(17.6%)](/filings/0001805833-26-000026.md) | [(20.4%)](/filings/0001805833-26-000050.md) | [(25.3%)](/filings/0001805833-25-000015.md) | [(33.6%) d](/filings/0001805833-26-000014.md) | [(137.1%)](/filings/0001805833-26-000026.md) | [(27.5%)](/filings/0001805833-26-000050.md) | | Net margin | % | [(26.6%)](/filings/0001805833-25-000015.md) | [(18.7%) d](/filings/0001805833-26-000014.md) | [(21.3%)](/filings/0001805833-26-000026.md) | [(22.4%)](/filings/0001805833-26-000050.md) | [(30.1%)](/filings/0001805833-25-000015.md) | [(26.0%) d](/filings/0001805833-26-000014.md) | [(126.4%)](/filings/0001805833-26-000026.md) | [(41.7%)](/filings/0001805833-26-000050.md) | | Diluted EPS | $ per share | [(3.37)](/filings/0001805833-25-000015.md) | not reported | [(2.14)](/filings/0001805833-26-000026.md) | [(2.23)](/filings/0001805833-26-000050.md) | [(2.30)](/filings/0001805833-25-000015.md) | not reported | [(5.82)](/filings/0001805833-26-000026.md) | [(1.54)](/filings/0001805833-26-000050.md) | | Free cash flow | $m | [(0.0) d](/filings/0001805833-25-000015.md) | [0.8 d](/filings/0001805833-26-000014.md) | [(16.0)](/filings/0001805833-26-000026.md) | [24.5 d](/filings/0001805833-26-000050.md) | [(2.1) d](/filings/0001805833-25-000015.md) | [(10.6) d](/filings/0001805833-26-000014.md) | [(26.1)](/filings/0001805833-26-000026.md) | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | | Revenue | $m | [688](/filings/0001805833-23-000078.md) | [402](/filings/0001628280-25-011690.md) | [344](/filings/0001805833-26-000014.md) | [266](/filings/0001805833-26-000014.md) | | Gross margin | % | not reported | not reported | not reported | not reported | | Operating margin | % | [7.4%](/filings/0001805833-23-000078.md) | [(21.4%)](/filings/0001628280-25-011690.md) | [(25.8%)](/filings/0001805833-26-000014.md) | [(23.3%)](/filings/0001805833-26-000014.md) | | Net margin | % | [4.8%](/filings/0001805833-23-000078.md) | [(56.5%)](/filings/0001628280-25-011690.md) | [(21.7%)](/filings/0001805833-26-000014.md) | [(24.6%)](/filings/0001805833-26-000014.md) | | Diluted EPS | $ per share | not reported | [(2.48)](/filings/0001628280-25-011690.md) | [(10.74)](/filings/0001805833-26-000014.md) | [(8.32)](/filings/0001805833-26-000014.md) | | Free cash flow | $m | [60.7](/filings/0001805833-23-000078.md) | [(27.1)](/filings/0001628280-25-011690.md) | [(5.3)](/filings/0001805833-26-000014.md) | [(4.2)](/filings/0001805833-26-000014.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/sst/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $373.1k | 161,513 | | Reduced −6 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $294.7k | 127,576 | | Added +90,444 | | [Cerity Partners LLC](/funds/1566475.md) | 2026-06-30 | $269.9k | 116,844 | | Unchanged | | [Crescent Grove Advisors, LLC](/funds/1713520.md) | 2026-06-30 | $174.5k | 75,545 | | New +75,545 | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $100.1k | 43,353 | | Added +19,106 | | [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $30.3k | 13,134 | | New +13,134 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $28.9k | 12,519 | | Reduced −11,320 | | [Leonteq Securities AG](/funds/1535950.md) | 2026-06-30 | $28.9k | 12,500 | | New +12,500 | | [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $26.6k | 11,502 | | Unchanged | | [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $21.1k | 9,141 | | Unchanged | ## Recent filings [All 615 filings](/companies/sst/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-10-30 | 16:03 ET | [8-K](/filings/0001805833-26-000054.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001805833-26-000054 | | 2026-08-05 | 16:59 ET | [8-K](/filings/0001805833-26-000051.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001805833-26-000051 | | 2026-08-05 | 16:21 ET | [10-Q](/filings/0001805833-26-000050.md) | Quarterly report, period 2026-06-30 | 0001805833-26-000050 | | 2026-08-05 | 16:05 ET | [8-K](/filings/0001805833-26-000049.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001805833-26-000049 | | 2026-07-24 | 09:07 ET | [8-K](/filings/0001805833-26-000044.md) | 3.03 Change to security holders’ rights; 5.02 Departure or appointment of officers or directors; 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 8.01 Other events; 9.01 Financial statements and exhibits | 0001805833-26-000044 | | 2026-06-22 | 17:17 ET | [DEF 14A](/filings/0001805833-26-000040.md) | Proxy statement, period 2026-07-22 | 0001805833-26-000040 | | 2026-06-01 | 09:00 ET | [8-K](/filings/0001805833-26-000030.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001805833-26-000030 | | 2026-05-12 | 16:27 ET | [8-K](/filings/0001805833-26-000027.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001805833-26-000027 | | 2026-05-12 | 16:16 ET | [10-Q](/filings/0001805833-26-000026.md) | Quarterly report, period 2026-03-31 | 0001805833-26-000026 | | 2026-05-12 | 16:05 ET | [8-K](/filings/0001805833-26-000025.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001805833-26-000025 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001805833-26-000014.md), filed Mar 11, 2026. ## Forecast league Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/d14aadc7-cb3b-4481-aa41-b821e0078b7f) ## About the filer - CIK: 1805833 - Tickers: SST, SSTPW - Exchange: NYSE - SIC code: 7370 Services-Computer Programming, Data Processing, Etc. - State of incorporation: not reported - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 16:08 ET. No prices; not investment advice.