System1 SST
- Market cap
- $21.9M
- PE
- n/m
- a loss over the last year
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 0.1×
- EV/EBIT
- n/m
- a loss over the last year
- Revenue, 12 months
- $180.9M
- −43% on a year ago
- Net margin
- −50.7%
- Free cash flow yield
- n/m
- Q2 FY26 missing
System1 trades at 0.1× sales. Its trailing earnings are negative, so it has no PE. Revenue was $180.9M over the last twelve months, down 43% on a year earlier with a −51% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $87.8M | $96.1M | $84.9M−30% | $94.6M−2% | $88.8M+1% | $75.6M−21% | $74.5M−12% | $78.1M−17% | $61.6M−31% | $51.9M−31% | $37.2M−50% | $30.2M−61% | |
| Cost of revenue | $50.6M | $58.5M | $66.3M−20% | $68.5M+21% | $64M+27% | $43.8M−25% | $46.1M−31% | $50.2M−27% | $38.8M−39% | $30.6M−30% | $13.9M−70% | $5.9M−88% |
| Gross profit | $37.2M | $37.6M | $18.6M−51% | $26.1M−35% | $24.8M−33% | $31.8M−15% | $28.4M+53% | $27.9M+7% | $22.7M−8% | $21.3M−33% | $23.4M−18% | $24.3M−13% |
| SG&A | $11.8M | $12.3M | $19.9M+34% | $21.2M+38% | $17.5M+48% | $17.8M+45% | $16.6M−17% | $17.5M−18% | $17M−3% | $18.6M+5% | $16.8M+1% | $14.5M−17% |
| −$20.9M | −$19.1M | −$25.8M+7% | −$29.1M+33% | −$21.8M+5% | −$11.9M−38% | −$13.1M−49% | −$15.9M−45% | −$15.6M−29% | −$17.4M+47% | −$51M+289% | −$8.3M−48% | |
| Interest expense | $13.1M | $12M | $8M−30% | $7.9M−36% | $8M−39% | $7.8M−35% | $7.1M−11% | $7.1M−10% | $7.1M−11% | $6.3M−19% | $6.6M−6% | $7.1M+0% |
| Pre-tax income | −$27M | −$34.2M | −$13.8M−60% | −$35M−3% | −$30.1M+11% | −$18.8M−45% | −$20.2M+46% | −$23.1M−34% | −$22.5M−25% | −$18.2M−3% | −$57.7M+185% | −$15.4M−33% |
| −$1.1M | −$8.8M | −$48K−99% | −$178K−97% | $585K | −$729K−92% | −$387K+706% | −$1.5M+769% | −$543K | −$398K−45% | −$75K−81% | −$75K−95% | |
| Net income | −$131.5M | −$27.6M | −$10.5M−69% | −$26.4M−23% | −$23.6M−82% | −$14.2M−49% | −$15.9M+51% | −$17.5M−34% | −$18.5M−22% | −$13.5M−5% | −$47.1M+196% | −$12.6M−28% |
| −$13.90 | −$3.30 | −$1.60−56% | −$3.80+3% | −$3.37−76% | −$2.00−39% | −$2.14+34% | −$2.23−41% | −$2.30−32% | −$1.67−17% | −$5.82+172% | −$1.54−31% | |
| 9.4M | 8.5M | 6.8M−27% | 6.9M−26% | 7M−26% | 7.1M−16% | 7.4M+10% | 7.8M+13% | 8.1M+15% | 8.1M+14% | 8.1M+9% | 8.2M+4% |
Gross profit: 20 periods, Q1 FY21 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 4 periods, Q4 FY21 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q4 FY21: share-days: the 12-month average less the 9-month, weighted by days. 3 periods, Q4 FY23 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Software - Application nearest System1's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| SSTSystem1 | $21.9M | n/m | n/a | 0.1× | −43% | −50.7% | |
| TZOOTravelzoo | $51.7M | 169× | 20.1× | 0.6× | +5% | 0.5% | |
| ALISCalisa Acquisition | $75.5M | 64.0× | 72.9× | n/m | n/m | n/m | |
| TRAKReposiTrak | $133.2M | 18.8× | 44.6× | 5.7× | +3% | 32.5% | |
| Peer median | $75.5M | 64.0× | 44.6× | 3.1× | +4% | 16.5% |
More on System1
Each number over time
- PE ratio
- Price to sales ratio
- EV/EBIT
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
Its groups
About
- Industry
- Software - Application
- Sector
- Technology
Valuation data, not investment advice. Prices as of .