Name: SST Income Statement - System1 Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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SST - System1, Inc.

USD | NYSE | Technology

SST Income Statement - System1 Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q3 FY 22	Q2 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q3 FY 20	Q2 FY 20
Revenues
Revenues	37.2	51.9	61.6	78.1	74.5	75.6	88.8	94.6	84.9	96.1	87.8	96.9	121.1	156.9	219.8	199.8

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2021
Revenues
Revenues	228.9	266.1	343.9	402.0	688.4
Cost of Revenue	133.5	165.7	242.6	240.9	-
Gross Profit	95.3	100.4	101.3	161.1	-
Operating Expenses
Research & Development	-	-	-	-	-
Selling General & Administrative	69.9	69.7	76.4	54.3	35.8
Selling & Marketing	-
Operating Income
Operating Income	(100.0)	(62.0)	(88.6)	(86.0)	50.8
Non-Operating
Interest Income	-	-	-	-	-
Interest Expense	27.1	27.6	31.6	48.7	16.9
Income From Equity Investments	-	-
Tax & Net
Income Tax Expense	(2.6)	(2.9)	(0.4)	(20.4)	1.0
Net Income From Continuing Ops	(118.9)	(81.2)	(97.3)	(111.3)	33.0
Net Income From Discontinued Ops	-
Per Share
EPS Basic	(11.93)	(8.32)	(10.74)	(2.48)	-
EPS Diluted	(11.93)	(8.32)	(10.74)	(2.48)	-
Shares Basic	8.1	7.9
Supplementary Data
EBITDA	-	(61.4)	(8.5)	(7.6)	64.7
EBIT	(100.0)	(62.0)	(88.6)	(86.0)	50.8

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General & Administrative	16.8	18.7	17.0	17.5	16.6	17.8	17.5	21.2	19.9	12.3	11.8	15.3	14.9	11.6	16.7	14.7
Selling & Marketing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	-	-	-	-	-	20.2	20.1	19.9	19.8	19.7	19.6	19.7	19.4	32.2	32.1	3.6
Amortization of Intangibles	9.9	18.6	18.6	18.6	18.7	18.7	18.7	18.7	18.7	18.7	18.7	18.7	18.7	18.7	31.9	2.2
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	88.3	-	-	-	87.6	-	-	-	-	-	-	-	-	-	-	10.6

Operating Income
Operating Income	(51.0)	(17.4)	(15.6)	(15.9)	(13.1)	(11.9)	(21.8)	(29.1)	(25.8)	(19.1)	(20.9)	(21.8)	(24.2)	(355.2)	(31.1)	7.5	16.0	16.3	10.9	(0.2)	(0.0)

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	6.6	6.3	7.1	7.1	7.1	7.8	8.0	7.9	8.0	11.9	13.1	12.3	11.4	9.7	7.3	4.2	4.2	4.5
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	(6.6)	(0.7)	(7.0)	(7.2)	(7.1)	(6.8)	(8.2)	(5.9)	12.0	(15.1)	(6.2)	(14.4)	(10.0)	(14.2)	(3.2)	(30.5)	(4.2)
Pre-Tax Income	(57.7)	(18.2)	(22.5)	(23.1)	(20.2)	(18.8)	(30.1)	(35.0)	(13.8)	(34.2)	(27.0)	(36.2)	(34.2)	(369.4)	(34.3)	3.4

Tax & Net
Income Tax Expense	(0.1)	(0.4)	(0.5)	(1.5)	(0.4)	(0.7)	0.6	(0.2)	(0.0)	(8.8)	(1.1)	(6.7)	(3.8)	(69.8)	(0.5)	0.3	0.5	0.1	0.2	-	-
Net Income From Continuing Ops	(57.6)	(17.8)	(22.0)	(21.5)	(19.9)	(18.0)	(30.6)	(34.8)	(13.8)	(25.4)	(25.9)	(29.5)	(30.4)	(299.6)	(33.8)	3.1	11.4
Net Income From Discontinued Ops	-	-	-	-	-	0.0	0.0	0.0	0.0	(11.1)	(137.2)	(13.5)	(12.5)	(14.1)	-	-	-
Net Income	(57.6)	(17.8)	(22.0)	(21.5)	(19.9)	(18.0)	(30.6)	(34.8)	(13.8)	(36.5)	(163.1)	(43.0)	(42.9)	(313.7)	(33.8)	3.1	11.4
Net Income Attributable To Parent	(47.1)	(13.5)	(18.5)	(17.5)	(15.9)	(14.2)	(23.6)	(26.4)	(10.5)	(27.6)	(131.5)	(34.3)	(33.8)	(241.7)	(25.7)	3.1
Less: Minority Interest	(10.5)	(4.3)	(3.5)	(4.1)	(4.0)	(3.9)	(7.0)	(8.5)	(3.3)	-	-	(8.9)	(9.2)	(72.0)	(8.1)	0.0	0.0
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	(47.1)	(13.5)	(18.5)	(17.5)	(15.9)	(14.2)	(23.6)	(26.4)	(10.5)	(27.6)	(131.5)	(34.3)	(33.8)	(241.7)	(25.7)

Per Share
EPS Basic	(5.82)	-	(2.30)	(2.23)	(2.14)	-	(3.37)	(3.80)	(0.16)	-	(1.39)	(0.37)	(0.36)	(2.66)	(0.29)	-	-	-	-	-	-
EPS Diluted	(5.82)	-	(2.30)	(2.23)	(2.14)	-	(3.37)	(3.80)	(0.16)	-	(1.39)	(0.37)	(0.36)	(2.66)	(0.33)	-	-	-
Shares Basic	8.1	-	8.1	7.8	7.4	-	7.0	6.9	67.8	-	94.4	93.8	92.8	91.0	89.7	-	-	-
Shares Diluted	8.1	-	8.1	7.8	7.4	-	7.0	6.9	67.8	-	94.4	93.8	92.8	91.0	91.2	-	-	-

Supplementary Data
EBITDA	-	-	-	-	-	8.3	(1.7)	(9.1)	(6.0)	0.7	(1.3)	(2.1)	(4.8)	(323.0)	1.0	11.2	19.5	19.4	14.6	-	-
EBIT	(51.0)	(17.4)	(15.6)	(15.9)	(13.1)	(11.9)	(21.8)	(29.1)	(25.8)	(19.1)	(20.9)	(21.8)	(24.2)	(355.2)	(31.1)	7.5	16.0	16.3	10.9