Name: SSTPW Balance Sheet - System1 Assets & Debt | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Total Assets, Current Assets, Cash and Equivalents, Total Liabilities, Long-term Debt, Short-term Debt, Shareholders Equity, Working Capital, Book Value Per Share

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SSTPW - System1, Inc.

USD | NYSE | Technology

SSTPW Balance Sheet - System1 Assets & Debt | Ledgeburg

(in millions of USD)	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Cash And Short Term Investments
Cash And Equivalents	86.9	63.6	135.3	36.8	47.9	0.8
Restricted Cash	1.6	4.3	8.1	0.7	0.7	-
Short Term Investments	-	-	-	-	-	-
Cash And Short Term Investments	86.9	63.6	135.3	36.8	47.9	0.8
Receivables
Accounts Receivable	57.3	62.9	56.1	-	90.2	-
Current Assets
Inventory	-	-	-	-	-	-
Prepaid Expenses	4.1	4.0	6.8	-	7.7	0.2
Other Current Assets
Non-Current Assets
Property, Plant & Equipment Gross	4.2	4.1	4.3	-	1.9	-
Accumulated Depreciation	2.7	2.0	1.2	-	1.0	-
Current Liabilities
Accounts Payable	22.0	10.4	9.5	-	72.8	-
Short Term Debt	30.0	20.0	20.0	-	170.5	-
Deferred Revenue Current
Non-Current Liabilities
Long Term Debt	228.4	255.1	349.5	-	-	-
Operating Lease Liabilities Non-Current	8.2	1.4	3.6	-	0.0	-
Common Equity
Common Stock	-	-	-	-	-	-
Additional Paid In Capital	878.9	863.0	843.1	-	0.0	6.7
Retained Earnings
Supplementary Data
Total Debt	258.4	275.1	369.5	-	170.5	-
Net debt	171.5	211.5	234.2	-	122.6	-
Working Capital

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

(in millions of USD)	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	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q1 FY 20
Cash And Short Term Investments
Cash And Equivalents	51.5	86.9	54.6	63.6	43.9	63.6	69.1	75.7	69.9	135.3	4.9	15.5	8.3	36.8	16.5

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

Receivables
Accounts Receivable	53.3	57.3	54.4	70.2	61.8	62.9	57.6	61.9	52.7	56.1	59.4	62.8	69.3	-	78.8	93.7	100.3	90.2	-	-	-	-	-

Current Assets
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid Expenses	6.5	4.1	6.4	6.3	7.3	4.0	4.4	6.8	9.8	6.8	10.0	12.0	12.1	-	10.8	12.3	15.4	7.7
Other Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets Held For Sale	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Assets	111.7	149.5	116.6	141.4	114.2	134.5	135.2	148.6	139.7	202.0	90.5	95.1	97.5	-	128.8	148.0

Non-Current Assets
Property, Plant & Equipment Gross	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.9	4.6	2.9	1.9	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.5	0.3	0.1
Property,Plant & Equipment Net	1.5	1.6	1.7	1.8	1.9	2.1	2.4	2.6	2.8	3.1	3.2	5.0	4.5	-	4.3	4.3	2.9
Long Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Method Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill	82.4	82.4	82.4	82.4	82.4	82.4	82.4	82.4	82.4	82.4	82.4	515.6	515.6	0.0	541.8	881.4	878.4	44.8
Intangible Assets	101.4	148.1	166.7	185.3	204.0	222.3	241.0	259.7	278.3	297.0	315.7	437.3	464.1	-	524.6	556.3	587.1
Operating Lease Right Of Use Assets	8.7	9.1	2.9	3.4	2.2	2.6	3.3	3.8	4.2	4.7	5.2	5.6	6.1	-	6.9	7.5
Deferred Tax Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Current Assets	0.4	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.5	0.5	0.6	3.5	2.8	-	0.7	0.8	0.8
Total Non-Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	320.3	405.0	385.2	429.2	419.2	459.1	479.3	511.3	521.1	605.5	927.5	1,078.2	1,104.8	-	1,215.8	1,604.4	1,642.4

Current Liabilities
Accounts Payable	14.3	22.0	23.1	28.1	7.6	10.4	9.4	6.2	7.1	9.5	-	-	11.3	-	12.2	17.3	76.0	72.8	-	-	-	-	-
Short Term Debt	76.8	76.7	24.1	21.5	19.0	16.4	16.3	16.3	16.2	15.3	15.2	15.1	15.1	-	20.0	20.0	-	170.5
Deferred Revenue Current	-	-	-	-	-	-	-	-	-	-	-	80.5	76.3	-	68.3	68.4	64.8
Operating Lease Liabilities Current	1.5	1.4	0.7	1.2	1.5	2.1	2.3	2.4	2.4	2.3	2.3	2.2	2.2	-	2.1	2.1
Accrued Expenses	8.4	7.6	8.9	10.1	8.2	15.9	14.0	11.4	8.2	13.8	10.9	11.2	9.7	-	-	-	-	-
Other Current Liabilities	5.0	3.6	3.6	5.7	6.8	5.4	9.7	18.4	5.5	9.5	10.1	10.9	11.2	-	8.5	20.4	7.6
Total Current Liabilities	125.9	146.4	102.1	119.9	89.7	105.1	99.2	101.7	78.0	86.4	237.7	209.9	199.4	-	208.6

Non-Current Liabilities
Long Term Debt	221.6	228.4	235.1	241.8	248.5	255.1	275.6	279.6	284.8	349.5	403.3	407.0	410.8	-	419.0	424.0	-	-	-	-	-	-	-
Operating Lease Liabilities Non-Current	7.8	8.2	2.8	2.9	1.3	1.4	1.8	2.3	2.9	3.6	4.1	4.8	5.3	-	6.4	7.1
Deferred Revenue Non-Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Tax Liabilities	3.5	4.0	4.7	5.2	5.6	6.2	6.7	7.0	7.6	8.3	15.0	29.9	36.0	-	49.7	129.3	138.7
Pension Obligations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Current Liabilities	0.5	0.5	6.2	6.0	6.1	6.4	8.3	6.7	1.1	0.9	2.7	7.1	6.3	-	1.6	5.7
Total Non-Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	359.3	387.6	350.9	375.8	351.5	374.1	376.5	382.1	360.7	436.2	687.1	681.3	669.1	-	698.3	780.5

Supplementary Data
Total Debt	298.5	305.1	259.2	263.3	267.4	271.5	291.9	295.9	301.0	364.8	418.5	422.2	425.9	-	439.0	444.0	-	170.5	-	-	-	-	-
Net debt	247.0	218.2	204.6	199.7	223.5	207.9	222.8	220.2	231.1	229.4	413.6	406.7	417.6	-	422.5	406.6	-	122.6
Working Capital	(14.1)	3.0	14.5	21.5	24.5	29.4	36.0	46.9	61.7	115.6	(147.2)	(114.8)	(101.8)	-	(79.8)	(52.6)	(54.7)	(130.8)
Book Value	(15.4)	30.5	42.7	58.2	67.2	80.3	90.3	109.4	131.7	135.3	202.7	327.3	357.0	813.3	410.5	642.3	633.6	(28.4)
Tangible Book Value	(199.2)	(200.0)	(206.4)	(209.6)	(219.2)	(224.5)	(233.1)	(232.7)	(229.0)	(244.1)	(195.3)	(625.6)	(622.7)	813.3	(655.9)	(795.4)	(831.9)