System1, Inc.

SST

SSTSystem1, Inc. US flag

New York Stock Exchange

1.80

USD

+0.06

- -

18.01MMarket Cap

Income Statement (USD)

API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	266	407	476	688	- -	402	344	266
+ Sales & Services Revenue	266	407	476	688	- -	402	344	266
- Cost of Revenue	171	276	341	521	- -	249	243	166
+ Cost of Goods & Services	171	276	341	521	- -	249	243	166
Gross Profit	94	132	135	167	- -	153	101	100
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	72	80	92	116	- -	239	190	162
+ Selling, General & Admin	67	68	79	103	- -	161	190	162
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	5	11	14	14	- -	78	- -	- -
Operating Income (Loss)	23	52	43	51	- -	-86	-89	-62
- Non-Operating (Income) Loss	19	27	24	17	- -	46	9	22
+ Interest Expense, Net	19	26	24	17	- -	49	32	28
+ Interest Expense	19	26	24	17	- -	49	32	28
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	1	- -	- -	- -	-3	-22	-6
Pretax Income	4	25	18	34	- -	-132	-98	-84
- Income Tax Expense (Benefit)	- -	1	2	1	- -	-20	- -	-3
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	4	24	16	33	- -	-111	-97	-81
- Net Extraordinary Losses (Gains)	6	15	-47	- -	- -	58	-45	-32
+ Discontinued Operations	-6	-15	47	- -	- -	-174	- -	- -
+ Extraord. & Accounting Changes	11	31	-95	- -	- -	232	-45	-32
Income (Loss) Incl. MI	-2	9	64	33	- -	-169	-52	-49
- Minority Interest	- -	- -	- -	- -	- -	58	23	16
Net Income, GAAP	-2	9	64	33	- -	-227	-75	-65
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-2	9	64	33	- -	-227	-75	-65
EBIT	23	52	43	51	- -	-86	-89	-62
EBITDA	28	63	56	65	- -	19	-8	21
EBITDA Margin (%)	10.54	15.55	11.86	9.4	- -	4.78	-2.47	7.82
EBITA	23	52	43	51	- -	-86	-89	-62
Gross Margin (%)	35.59	32.33	28.36	24.3	- -	38.12	29.46	37.72
Operating Margin (%)	8.54	12.79	8.95	7.38	- -	-21.39	-25.76	-23.31
Profit Margin (%)	-0.75	2.16	13.4	4.79	- -	-56.53	-21.71	-24.55
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.74	1.06	5.7	1.78	- -	0.01	- -	- -
Depreciation Expense	5	11	14	14	- -	105	80	83
Basic Weighted Avg Shares	8	8	8	8	9	9	7	8
Basic EPS, GAAP	-0.24	1.08	7.8	4.04	- -	-24.85	-10.14	-8.08
Basic EPS from Cont Ops	0.45	2.97	2	4.04	- -	-12.17	-13.21	-10.04
Diluted Weighted Avg Shares	8	8	8	8	9	9	7	8
Diluted EPS, GAAP	-0.24	1.08	7.8	4.04	- -	-24.85	-10.14	-8.08
Diluted EPS from Cont Ops	0.45	2.97	2	4.04	- -	-12.17	-13.21	-10.04

Balance Sheet (USD)

API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	- -	120	1	146	127	202	134	149
+ Cash, Cash Equivalents & STI	- -	32	1	48	9	135	64	87
+ Cash & Cash Equivalents	- -	32	1	48	9	135	64	87
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	75	71	90	80	56	63	57
+ Accounts Receivable, Net	- -	75	71	90	80	56	63	57
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	13	-71	8	37	11	8	5
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	193	518	111	1,034	403	325	255
+ Property, Plant & Equip, Net	- -	1	1	1	10	8	5	11
+ Property, Plant & Equip	- -	2	3	2	10	9	7	13
- Accumulated Depreciation	- -	1	2	1	- -	1	2	3
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	191	516	110	1,024	396	320	245
+ Total Intangible Assets	- -	121	113	106	461	391	319	244
+ Goodwill	- -	45	45	45	82	82	82	82
+ Other Intangible Assets	- -	76	69	62	379	308	237	162
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	71	403	4	563	5	1	1
Total Assets	- -	313	519	257	1,160	605	459	405
+ Payables & Accruals	- -	54	1	101	76	59	63	51
+ Accounts Payable	- -	48	1	73	7	9	10	22
+ Accrued Taxes	- -	1	- -	- -	1	1	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	4	- -	28	69	49	53	29
+ ST Debt	- -	24	9	170	17	18	18	78
+ ST Borrowings	- -	24	9	170	15	15	16	77
+ ST Finance Leases	- -	- -	- -	- -	2	2	2	1
+ Other ST Liabilities	- -	55	-9	5	118	9	23	17
+ Deferred Revenue	- -	1	2	2	2	2	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	54	-11	3	116	8	23	17
Total Current Liabilities	- -	133	1	277	211	86	105	146
+ LT Debt	- -	230	171	- -	405	338	256	237
+ LT Borrowings	- -	230	171	- -	400	334	255	228
+ LT Finance Leases	- -	- -	- -	- -	6	4	1	8
+ Other LT Liabilities	- -	16	-89	9	73	12	13	5
+ Accrued Liabilities	- -	9	9	8	29	8	6	4
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	7	-98	1	44	4	6	1
Total Noncurrent Liabilities	- -	246	82	9	479	350	269	241
Total Liabilities	- -	379	82	285	690	436	374	388
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	-68	518	- -	832	843	863	879
+ Common Stock	- -	-68	518	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	- -	- -	832	843	863	879
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	1
+ Retained Earnings	- -	- -	-81	- -	-439	-708	-782	-848
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	-68	436	-28	392	135	80	30
+ Minority/Non Controlling Interest	- -	2	- -	- -	79	34	5	-13
Total Equity	- -	-66	436	-28	471	169	85	17
Total Liabilities & Equity	- -	313	519	257	1,160	605	459	405
Shares Outstanding	- -	8	8	8	9	7	7	8
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	8	6	3	10
Net Debt	- -	223	179	123	406	214	208	218
Net Debt to Equity	- -	-337.29	41.07	-431.52	86.18	126.49	244.62	1,252.83
Tangible Common Equity Ratio	- -	-97.02	79.66	-89.56	1.38	-103.21	-167.34	-141.01
Current Ratio	- -	0.9	1.72	0.53	0.6	2.34	1.28	1.02
Cash Conversion Cycle	- -	2.13	30.27	17.05	- -	50.09	48.18	46.74

Cash Flow Statement (USD)

API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	4	24	16	33	- -	-286	-97	-81
+ Depreciation & Amortization	5	11	14	14	- -	105	80	83
+ Non-Cash Items	4	3	11	9	- -	161	15	13
+ Stock-Based Compensation	2	2	1	- -	- -	53	34	15
+ Deferred Income Taxes	- -	-2	- -	-1	- -	-22	-2	-2
+ Asset Impairment Charge	- -	- -	- -	- -	- -	119	- -	1
+ Other Non-Cash Adj	2	3	9	9	- -	11	-17	- -
+ Chg in Non-Cash Work Cap	11	-10	12	5	- -	-5	-3	-19
+ (Inc) Dec in Accts Receiv	-23	-11	7	-19	- -	21	-7	5
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	1	-1	-5	- -	5	3	- -
+ Inc (Dec) in Accts Payable	27	- -	5	33	- -	-26	3	-24
+ Inc (Dec) in Other	8	- -	- -	-4	- -	-5	-2	- -
+ Net Cash From Disc Ops	-8	4	-6	- -	- -	- -	- -	- -
Cash from Operating Activities	17	33	47	61	- -	-25	-5	-4
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-1	- -	- -	- -	-2	- -	- -
+ Acq of Fixed Prod Assets	- -	-1	- -	- -	- -	-2	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	2
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	2
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	-1
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-74	-36	75	- -	- -	211	- -	- -
+ Cash from Divestitures	- -	- -	75	- -	- -	211	- -	- -
+ Cash for Acq of Subs	-74	-36	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-5	-6	-6	-6	- -	-6	-6	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-80	-43	68	-7	- -	203	-6	-7
+ Dividends Paid	-6	-9	-47	-15	- -	- -	- -	- -
+ Net Cash From Debt	55	29	-78	-13	- -	-69	-62	30
+ Cash From Debt	69	67	20	- -	- -	75	- -	50
+ Repayments of Debt	-14	-38	-98	-13	- -	-144	-62	-20
+ Other Financing Activities	20	6	-3	-7	- -	-5	-2	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	70	26	-128	-35	- -	-74	-64	31
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	7	16	-13	20	- -	104	-75	20
EBITDA	28	63	56	65	- -	19	-8	21
EBITDA Margin (%)	10.54	15.55	11.86	9.4	- -	4.78	-2.47	7.82
Free Cash Flow	17	32	47	61	- -	-27	-5	-4
Net Cash Paid for Acquisitions	74	36	-75	- -	- -	-211	- -	- -
Free Cash Flow to Firm	36	57	68	77	- -	- -	- -	- -
Free Cash Flow to Equity	- -	60	-32	48	- -	-96	-67	26
Free Cash Flow per Basic Share	2.06	3.86	5.7	7.42	- -	-2.96	-0.72	-0.55
Price/Free Cash Flow	- -	- -	18.93	13.39	- -	-9.07	-12.66	-8.29
Cash Flow to Net Income	-8.73	3.72	0.73	1.84	- -	0.11	0.07	0.06
Capital Expenditures	- -	-1	- -	- -	- -	-2	- -	- -