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10-Q

Quarterly Report

System1, Inc. SST SSTPW

0001805833-25-000008

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Filed
Aug 7, 2025 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted Q2 2025 · Jun 30, 2025 7.82M sh
Shares Diluted Q2 2025 · Jun 30, 2025 7.63M sh
Shares Diluted restated Q2 2025 · Jun 30, 2024 6.94M sh
Shares Diluted restated Q2 2025 · Jun 30, 2024 6.86M sh
Capex Q2 2025 · Jun 30, 2025 $46K
Capex Q2 2025 · Jun 30, 2024 $0
Operating Cash Flow Q2 2025 · Jun 30, 2025 $8.54M
Operating Cash Flow Q2 2025 · Jun 30, 2024 −$6.02M
Long Term Debt Q2 2025 · Jun 30, 2025 $241.8M
Long Term Debt Q2 2025 · Dec 31, 2024 $255.12M
Short Term Debt Q2 2025 · Jun 30, 2025 $21.54M
Short Term Debt Q2 2025 · Dec 31, 2024 $16.41M
Cash And Equivalents Q2 2025 · Jun 30, 2025 $63.65M
Cash And Equivalents Q2 2025 · Dec 31, 2024 $63.61M
Cash And Equivalents Q2 2025 · Jun 30, 2024 $75.65M
Stockholders Equity Q2 2025 · Jun 30, 2025 $58.2M
Stockholders Equity Q2 2025 · Dec 31, 2024 $80.26M
Current Liabilities Q2 2025 · Jun 30, 2025 $119.89M
Current Liabilities Q2 2025 · Dec 31, 2024 $105.1M
Total Liabilities Q2 2025 · Jun 30, 2025 $375.81M
Total Liabilities Q2 2025 · Dec 31, 2024 $374.13M
Current Assets Q2 2025 · Jun 30, 2025 $141.36M
Current Assets Q2 2025 · Dec 31, 2024 $134.48M
Total Assets Q2 2025 · Jun 30, 2025 $429.25M
Total Assets Q2 2025 · Dec 31, 2024 $459.13M
Eps Diluted Q2 2025 · Jun 30, 2025 −$2.23
Eps Diluted Q2 2025 · Jun 30, 2025 −$4.37
Eps Diluted restated Q2 2025 · Jun 30, 2024 −$3.80
Eps Diluted restated Q2 2025 · Jun 30, 2024 −$5.38
Eps Basic Q2 2025 · Jun 30, 2025 −$2.23
Eps Basic Q2 2025 · Jun 30, 2025 −$4.37
Eps Basic restated Q2 2025 · Jun 30, 2024 −$3.80
Eps Basic restated Q2 2025 · Jun 30, 2024 −$5.38
Sga Expense Q2 2025 · Jun 30, 2025 $17.51M
Sga Expense Q2 2025 · Jun 30, 2025 $34.09M
Sga Expense restated Q2 2025 · Jun 30, 2024 $21.22M
Sga Expense restated Q2 2025 · Jun 30, 2024 $41.14M
Net Income Q2 2025 · Jun 30, 2025 −$17.46M
Net Income Q2 2025 · Jun 30, 2025 −$33.35M
Net Income Q2 2025 · Jun 30, 2024 −$26.37M
Net Income Q2 2025 · Jun 30, 2024 −$36.91M
Operating Income Q2 2025 · Jun 30, 2025 −$15.91M
Operating Income Q2 2025 · Jun 30, 2025 −$29.03M
Operating Income Q2 2025 · Jun 30, 2024 −$29.09M
Operating Income Q2 2025 · Jun 30, 2024 −$54.88M
Cost Of Revenue Q2 2025 · Jun 30, 2025 $50.21M
Cost Of Revenue Q2 2025 · Jun 30, 2025 $96.29M
Cost Of Revenue Q2 2025 · Jun 30, 2024 $68.51M
Cost Of Revenue Q2 2025 · Jun 30, 2024 $134.83M
Revenue Q2 2025 · Jun 30, 2025 $78.12M
Revenue Q2 2025 · Jun 30, 2025 $152.63M
Revenue Q2 2025 · Jun 30, 2024 $94.58M
Revenue Q2 2025 · Jun 30, 2024 $179.5M