Superworth

System1 SST

Software - Application, Technology
$2.09
−2.79%
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 for SST, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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%
9.4M8.5M6.8M−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.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
SSTSystem1$21.9Mn/mn/a0.1×−43%−50.7%
TZOOTravelzoo$51.7M169×20.1×0.6×+5%0.5%
ALISCalisa Acquisition$75.5M64.0×72.9×n/mn/mn/m
TRAKReposiTrak$133.2M18.8×44.6×5.7×+3%32.5%
Peer median$75.5M64.0×44.6×3.1×+4%16.5%

More on System1

Each number over time

Where it ranks

Its groups

About

Industry
Software - Application
Sector
Technology

Valuation data, not investment advice. Prices as of .