Company / Financials
System1, Inc. Financials
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableRevenue
$343.9M
FY2025 · -14.4% YoY
Net Income
-$74.7M
FY2025 · +67.1% YoY
Profit Margin
-21.7%
FY2025 · net income / revenue
ROE
-245.1%
FY2025 · return on equity
Total Assets
$405.0M
FY2025
Total Debt
$305.1M
10.01x debt/equity
Equity
$30.5M
FY2025
ROA
-18.4%
FY2025 · return on assets
Statement paths
Financial highlights
Key Data Points
- Altman Z-Score 0.21 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Metric history
Revenue HistoryTotal revenue from operations$343.9M-14.4% YoYNet Income HistoryProfit after all expenses and taxes-$74.7M+67.1% YoYCost of Revenue HistoryDirect costs of producing goods and services sold$242.6M+0.7% YoYOperating Income HistoryProfit from core business operations before interest and taxes-$88.6M-3.0% YoYSG&A Expense HistorySelling, general, and administrative expenses$76.4M+40.7% YoYInterest Expense HistoryCost of borrowing and debt obligations$31.6MIncome Tax HistoryTotal income tax expense-$370.0K+98.2% YoYEPS (Basic) HistoryBasic earnings per share-$10.74-333.1% YoYEPS (Diluted) HistoryDiluted earnings per share including stock options and convertibles-$10.74-333.1% YoYShares Outstanding HistoryWeighted average diluted shares outstanding7.0M-92.4% YoY