SST Chart
About

System1, Inc. provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States and internationally. It operates in two segments: Owned and Operated Advertising, and Partner Network. The company engages in the provision of acquiring traffic to its owned and operated websites, as well as revenue-sharing arrangements and related services. It also operates MapQuest, a web-based navigation service that delivers turn-by-turn direction services to users; Info.com, a metasearch engine that consumers can use to search for relevant information; HowStuffWorks, a commercial website focused on helping people solve problems in their daily lives by using various types of digital media to easily breakdown and explain complex concepts, topics, terminology, and mechanisms; Startpage, a private search engine that allows users to browse and search the Internet in complete privacy; and CouponFollow, a coupon destinations for online shoppers, as well as ActiveBeat and Infospace. In addition, the company offers antivirus software solutions, which provide customers a single packaged solution that offers protection and reporting to the end users. The company is based in Los Angeles, California.

Fundamentals
Scroll to Statements
Sector Industrials Industry Specialty Business Servi Market Cap 31.69M
Enterprise Value 226.34M Income -66.02M Sales 289.78M
Book/sh 5.27 Cash/sh 6.72 Dividend Yield —
Payout 0.00% Employees 300 IPO —
P/E — Forward P/E -0.40 PEG —
P/S 0.11 P/B 0.60 P/C —
EV/EBITDA 12.04 EV/Sales 0.78 Quick Ratio 1.07
Current Ratio 1.14 Debt/Eq 766.77 LT Debt/Eq —
EPS (ttm) -8.61 EPS next Y -7.92 EPS Growth —
Revenue Growth -30.70% Earnings 2026-03-09 ROA -8.17%
ROE -118.78% ROIC — Gross Margin 17.30%
Oper. Margin -25.28% Profit Margin -22.78% Shs Outstand 8.13M
Shs Float 4.54M Short Float 5.80% Short Ratio 16.04
Short Interest — 52W High 15.00 52W Low 2.90
Beta 1.54 Avg Volume 16.02K Volume 1.74K
Target Price $8.00 Recom None Prev Close $3.28
Price $3.17 Change -3.35%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.00
Mean price target
2. Current target
$3.17
Latest analyst target
3. DCF / Fair value
$102.08
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.17
Low
$8.00
High
$8.00
Mean
$8.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-08 main Benchmark Buy → Buy $10
2025-03-11 reit Benchmark Buy → Buy $5
2024-03-19 main Evercore ISI Group In-Line → In-Line $2
2023-08-11 main Benchmark Buy → Buy $5
2023-06-12 main DA Davidson Buy → Buy $7
2022-11-08 down B of A Securities Buy → Underperform $4
2022-08-12 main DA Davidson — → Buy $19
2022-08-12 main Benchmark — → Buy $13
2022-07-11 init B of A Securities — → Buy $12
2022-04-26 init Evercore ISI Group — → In-Line $14
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 11015 80630.0 — Purchase at price 7.32 per share. CEE HOLDINGS TRUST Beneficial Owner of more than 10% of a Class of Security — 2025-08-22 00:00:00 D
1 31735 206983.0 — Purchase at price 6.25 - 6.90 per share. CEE HOLDINGS TRUST Trustee — 2025-08-21 00:00:00 D
2 15000 — — Stock Award(Grant) at price 0.00 per share. MARTIRE FRANK R. JR Director — 2025-07-31 00:00:00 D
3 15000 — — Stock Award(Grant) at price 0.00 per share. NAIDU TARYN JOGI Director — 2025-07-31 00:00:00 D
4 15000 — — Stock Award(Grant) at price 0.00 per share. KUMAR TANMAY Director — 2025-07-31 00:00:00 D
5 15000 — — Stock Award(Grant) at price 0.00 per share. CASWELL RYAN R. Director — 2025-07-31 00:00:00 D
6 15000 — — Stock Award(Grant) at price 0.00 per share. KAZERANI MOUJAN Director — 2025-07-31 00:00:00 D
7 15000 — — Stock Award(Grant) at price 0.00 per share. HORN CAROLINE Director — 2025-07-31 00:00:00 D
8 15000 — — Stock Award(Grant) at price 0.00 per share. CIVANTOS JOHN Director — 2025-07-31 00:00:00 D
9 52500 — — Stock Award(Grant) at price 0.00 per share. WEINROT DANIEL J General Counsel — 2025-07-29 00:00:00 D
Financials
Line Item2024-12-312023-12-312021-12-31
TaxEffectOfUnusualItems89.98K481.27K0.00
TaxRateForCalcs0.000.150.03
NormalizedEBITDA-8.49M19.22M64.72M
TotalUnusualItems22.50M3.10M0.00
TotalUnusualItemsExcludingGoodwill22.50M3.10M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-74.67M-52.89M33.00M
ReconciledDepreciation80.11M105.21M13.88M
ReconciledCostOfRevenue191.56M221.94M521.11M
EBITDA14.00M22.32M64.72M
EBIT-66.11M-82.88M50.83M
NetInterestIncome-31.56M-48.74M-16.87M
InterestExpense31.56M48.74M16.87M
NormalizedIncome-97.08M-55.52M33.00M
NetIncomeFromContinuingAndDiscontinuedOperation-74.67M-227.22M33.00M
TotalExpenses432.53M487.96M637.56M
TotalOperatingIncomeAsReported-88.60M-85.99M50.83M
DilutedAverageShares7.37M9.15M9.17M8.17M
BasicAverageShares7.37M9.15M9.17M8.17M
DilutedEPS-10.14-24.804.04
BasicEPS-10.14-24.804.04
DilutedNIAvailtoComStockholders-74.67M-227.22M33.00M
NetIncomeCommonStockholders-74.67M-227.22M33.00M
NetIncome-74.67M-227.22M33.00M
MinorityInterests22.62M58.36M0.00
NetIncomeIncludingNoncontrollingInterests-97.30M-285.58M33.00M
NetIncomeDiscontinuousOperations0.00-174.33M
NetIncomeContinuousOperations-97.30M-111.26M33.00M
TaxProvision-370.00K-20.37M965.00K
PretaxIncome-97.67M-131.63M33.96M
OtherIncomeExpense22.50M3.10M34.35M
OtherNonOperatingIncomeExpenses10.65M
SpecialIncomeCharges20.11M-2.00M0.00
OtherSpecialCharges-20.11M2.00M
ImpairmentOfCapitalAssets0.000.00
GainOnSaleOfSecurity2.39M5.11M23.70M
NetNonOperatingInterestIncomeExpense-31.56M-48.74M-16.87M
InterestExpenseNonOperating31.56M48.74M16.87M
OperatingIncome-88.60M-85.99M50.83M
OperatingExpense240.97M239.22M116.44M
DepreciationAmortizationDepletionIncomeStatement80.11M78.40M13.88M
DepreciationAndAmortizationInIncomeStatement80.11M78.40M13.88M
SellingGeneralAndAdministration160.86M160.81M102.56M
SellingAndMarketingExpense54.31M35.81M
GeneralAndAdministrativeExpense160.86M160.81M102.56M
OtherGandA47.35M54.31M35.81M
SalariesAndWages113.51M106.50M66.75M
GrossProfit152.36M153.23M167.28M
CostOfRevenue191.56M248.75M521.11M
TotalRevenue343.93M401.97M688.39M
OperatingRevenue343.93M401.97M688.39M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber7.37M6.59M9.17M8.17M
ShareIssued7.37M6.59M9.17M8.17M
NetDebt207.92M214.16M405.62M122.56M
TotalDebt274.98M355.42M422.55M170.45M
TangibleBookValue-238.92M-255.56M-69.00M-134.80M
InvestedCapital351.79M484.78M806.55M142.05M
WorkingCapital29.38M115.59M-84.57M-130.77M
NetTangibleAssets-238.92M-255.56M-69.00M-134.80M
CapitalLeaseObligations3.45M5.92M8.02M0.00
CommonStockEquity80.26M135.28M392.02M-28.40M
TotalCapitalization335.38M469.51M791.52M-28.40M
TotalEquityGrossMinorityInterest85.00M169.31M470.67M-28.40M
MinorityInterest4.73M34.04M78.65M0.00
StockholdersEquity80.26M135.28M392.02M-28.40M
OtherEquityInterest-28.83M
GainsLossesNotAffectingRetainedEarnings-443.00K-181.00K-260.00K428.00K
OtherEquityAdjustments-443.00K-181.00K-260.00K
RetainedEarnings-782.34M-707.66M-439.30M0.00
AdditionalPaidInCapital863.03M843.11M831.57M0.00
CapitalStock9.00K9.00K11.00K0.00
CommonStock9.00K9.00K11.00K0.00
PreferredStock0.00
TotalLiabilitiesNetMinorityInterest374.13M436.15M689.78M285.31M
TotalNonCurrentLiabilitiesNetMinorityInterest269.04M349.74M478.71M8.76M
OtherNonCurrentLiabilities6.05M929.00K1.66M969.00K
LiabilitiesHeldforSaleNonCurrent0.0034.48M
DerivativeProductLiabilities302.00K2.69M7.80M0.00
TradeandOtherPayablesNonCurrent15.82M0.00
NonCurrentDeferredLiabilities6.20M8.31M29.40M7.79M
NonCurrentDeferredTaxesLiabilities6.20M8.31M29.40M7.79M
LongTermDebtAndCapitalLeaseObligation256.48M337.81M405.38M0.00
LongTermCapitalLeaseObligation1.36M3.58M5.88M0.00
LongTermDebt255.12M334.23M399.50M
CurrentLiabilities105.09M86.42M211.07M276.55M
OtherCurrentLiabilities23.21M9.46M115.96M3.31M
CurrentDeferredLiabilities1.76M1.55M1.97M
CurrentDeferredRevenue1.76M1.55M1.97M
CurrentDebtAndCapitalLeaseObligation18.49M17.60M17.17M170.45M
CurrentCapitalLeaseObligation2.09M2.33M2.15M0.00
CurrentDebt16.41M15.27M15.02M170.45M
OtherCurrentBorrowings16.41M15.27M15.02M170.45M
CurrentNotesPayable450.00K
PensionandOtherPostRetirementBenefitPlansCurrent15.44M0.00
PayablesAndAccruedExpenses63.39M59.35M76.39M100.82M
CurrentAccruedExpenses52.99M49.85M68.59M17.52M
InterestPayable0.0011.13M
Payables10.40M9.50M7.80M83.30M
OtherPayable12.89M10.09M
TotalTaxPayable1.23M1.09M361.00K
AccountsPayable10.40M9.50M6.71M72.85M
TotalAssets459.13M605.47M1.16B256.91M
TotalNonCurrentAssets324.65M403.47M1.03B111.12M
OtherNonCurrentAssets720.00K4.82M563.29M3.89M
GoodwillAndOtherIntangibleAssets319.18M390.83M461.02M106.40M
OtherIntangibleAssets236.78M308.43M378.61M61.58M
Goodwill82.41M82.41M82.41M44.82M
NetPPE4.75M7.82M9.65M830.00K
AccumulatedDepreciation-1.96M-1.17M-425.00K-1.04M
GrossPPE6.70M8.98M10.07M1.87M
Leases2.39M2.51M2.47M976.00K
OtherProperties2.64M4.73M6.48M
MachineryFurnitureEquipment1.67M1.74M1.12M890.00K
Properties0.000.000.000.00
CurrentAssets134.48M202.00M126.51M145.79M
OtherCurrentAssets3.98M6.75M11.17M7.69M
AssetsHeldForSaleCurrent0.0020.29M
RestrictedCash3.97M3.81M5.72M0.00
PrepaidAssets67.08K
Receivables62.92M56.09M80.43M90.20M
AccountsReceivable62.92M56.09M80.43M90.20M
CashCashEquivalentsAndShortTermInvestments63.61M135.34M8.90M47.90M
CashAndCashEquivalents63.61M135.34M8.90M47.90M
CashFinancial53.15K
Line Item2024-12-312023-12-312021-12-31
FreeCashFlow-11.51M-32.70M54.17M
RepurchaseOfCapitalStock0.000.00
RepaymentOfDebt-61.79M-144.25M-13.14M
IssuanceOfDebt0.0075.28M0.00
IssuanceOfCapitalStock0.00
CapitalExpenditure-6.25M-7.96M-6.54M
InterestPaidSupplementalData30.68M42.88M14.74M
IncomeTaxPaidSupplementalData7.10M2.75M
EndCashPosition67.95M143.45M48.64M
BeginningCashPosition143.45M39.08M29.01M
EffectOfExchangeRateChanges-31.00K10.00K41.00K
ChangesInCash-75.47M104.36M19.59M
FinancingCashFlow-63.96M-74.07M-34.59M
CashFlowFromContinuingFinancingActivities-63.96M-74.07M-34.59M
NetOtherFinancingCharges-2.17M-5.09M-6.87M
ProceedsFromStockOptionExercised0.000.00
CashDividendsPaid-97.00K-14.58M
CommonStockDividendPaid-14.58M
NetCommonStockIssuance0.000.00
CommonStockPayments0.000.00
CommonStockIssuance0.00
NetIssuancePaymentsOfDebt-61.79M-68.98M-13.14M
NetShortTermDebtIssuance450.00K
ShortTermDebtPayments0.00
ShortTermDebtIssuance450.00K
NetLongTermDebtIssuance-61.79M-68.98M-13.14M
LongTermDebtPayments-61.79M-144.25M-13.14M
LongTermDebtIssuance0.0075.28M0.00
InvestingCashFlow-6.25M203.18M-6.54M
CashFlowFromContinuingInvestingActivities-6.25M203.18M-6.54M
NetBusinessPurchaseAndSale0.00211.14M0.00
SaleOfBusiness0.00211.14M
PurchaseOfBusiness0.000.00
NetPPEPurchaseAndSale-31.00K-2.35M-49.00K
PurchaseOfPPE-31.00K-2.35M-49.00K
CapitalExpenditureReported-6.22M-5.61M-6.49M
OperatingCashFlow-5.25M-24.74M60.70M
CashFlowFromContinuingOperatingActivities-5.25M-24.74M60.70M
ChangeInWorkingCapital-2.92M-5.16M5.08M
ChangeInOtherWorkingCapital-364.00K15.27M82.00K
ChangeInOtherCurrentLiabilities-1.50M-20.26M-3.84M
ChangeInPayablesAndAccruedExpense2.90M-26.23M32.87M
ChangeInAccruedExpense1.99M-19.44M12.11M
ChangeInPayable903.00K-6.80M20.76M
ChangeInAccountPayable903.00K-6.80M20.76M
ChangeInPrepaidAssets2.85M5.21M-4.97M
ChangeInReceivables-6.80M20.86M-19.06M
ChangesInAccountReceivables-6.80M20.86M-19.06M
OtherNonCashItems5.74M10.14M9.31M
StockBasedCompensation33.71M53.09M413.00K
AssetImpairmentCharge0.00118.76M0.00
DeferredTax-2.10M-22.33M-981.00K
DeferredIncomeTax-2.10M-22.33M-981.00K
DepreciationAmortizationDepletion80.11M105.21M13.88M
DepreciationAndAmortization80.11M105.21M13.88M
OperatingGainsLosses-22.50M1.14M-23.70M
GainLossOnInvestmentSecurities-2.39M-5.11M-23.70M
GainLossOnSaleOfBusiness0.004.25M
NetIncomeFromContinuingOperations-97.30M-285.58M33.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SST
Date User Asset Broker Type Position Size Entry Price Patterns