System1, Inc. (SST)
NYSE: SST · Services-Computer Programming, Data Processing, Etc. · Marina Del Rey, CA · filing with the SEC since 2020
Income statement, as filed
In US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Report filed | Mar 11, 2026 | Mar 10, 2025 | Mar 15, 2024 | Jun 6, 2023 | Mar 31, 2022 | Apr 2, 2021 |
| Revenue | 266,129,000 | 343,925,000 | 401,971,000 | · | 688,389,000 | · |
| Cost of revenue | 165,734,000 | 242,602,000 | 240,855,000 | · | 521,113,000 | · |
| Selling, general and administrative | 69,688,000 | 76,412,000r | 54,307,000 | · | 35,813,000 | · |
| Total costs and expenses | 328,169,000 | 432,526,000 | 487,960,000 | · | 637,558,000 | · |
| Operating income | -62,040,000 | -88,601,000 | -85,989,000 | · | 50,831,000r | · |
| Interest expense | 27,556,000 | 31,562,000 | 48,745,000 | · | 16,870,000 | · |
| Other income (expense), net | -22,028,000 | -9,067,000 | -45,640,000 | · | -16,870,000r | · |
| Income before income taxes | -84,068,000 | -97,668,000 | -131,629,000 | · | 33,961,000 | · |
| Income tax expense | -2,875,000 | -370,000 | -20,371,000 | · | 965,000 | · |
| Income from continuing operations | · | -74,673,000 | -85,727,000 | · | · | · |
| Income from discontinued operations | · | 0 | -174,327,000 | · | · | · |
| Net income including non-controlling interests | -81,193,000 | -97,298,000 | -285,585,000 | · | 32,996,000r | · |
| Net income to non-controlling interests | -15,848,000 | -22,625,000 | · | · | 0 | · |
| Net income | -65,345,000 | -74,673,000 | -227,221,000 | · | 32,996,000r | · |
| Earnings per share, basic | -8.32 | -10.74r | -24.80b | · | · | · |
| Earnings per share, diluted | -8.32 | -10.74r | -24.80b | · | · | · |
| Weighted average shares, basic | 7,854.0 | 6,955.0r | 9,145.4b | · | · | · |
| Weighted average shares, diluted | 7,854.0 | 6,955.0r | 9,145.4b | · | · | · |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-10 reverse split of Jun 2025.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTaxCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenue
us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortizationSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseTotal costs and expenses every operating cost, the cost of revenue included
us-gaap:OperatingCostsAndExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpenseOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitIncome from continuing operations profit from the businesses it keeps
us-gaap:IncomeLossFromContinuingOperationsIncome from discontinued operations profit or loss from businesses it sold or closed
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding