For the quarter ending 2026-03-31, SST has $320,325K in assets. $359,349K in debts. $51,514K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 51,514 | 86,887 | 54,589 | 63,648 |
| Restricted cash, current | 500 | 1,243 | 1,243 | 1,243 |
| Accounts receivable, net | 53,257 | 57,289 | 54,356 | 70,218 |
| Prepaid expenses and other current assets | 6,468 | 4,061 | 6,430 | 6,251 |
| Total current assets | 111,739 | 149,480 | 116,618 | 141,360 |
| Restricted cash, non-current | 379 | 379 | 378 | 378 |
| Property and equipment, net | 1,459 | 1,562 | 1,655 | 1,816 |
| Internal-use software development costs, net | 13,897 | 13,672 | 14,170 | 14,214 |
| Intangible assets, net | 101,358 | 148,089 | 166,714 | 185,340 |
| Goodwill | 82,407 | 82,407 | 82,407 | 82,407 |
| Operating lease right-of-use assets | 8,722 | 9,120 | 2,923 | 3,401 |
| Other non-current assets | 364 | 263 | 295 | 333 |
| Total assets | 320,325 | 404,972 | 385,160 | 429,249 |
| Accounts payable | 14,290 | 22,016 | 23,065 | 28,058 |
| Accrued expenses and other current liabilities | 33,278 | 46,277 | 54,255 | 69,117 |
| Operating lease liabilities, current | 1,467 | 1,427 | 677 | 1,166 |
| Debt, net | 76,816 | 76,718 | 24,127 | 21,544 |
| Total current liabilities | 125,851 | 146,438 | 102,124 | 119,885 |
| Operating lease liabilities, non-current | 7,753 | 8,183 | 2,783 | 2,860 |
| Long-term debt, net | 221,648 | 228,399 | 235,109 | 241,795 |
| Deferred tax liability | 3,549 | 4,013 | 4,662 | 5,225 |
| Other non-current liabilities | 548 | 520 | 6,222 | 6,040 |
| Total liabilities | 359,349 | 387,553 | 350,900 | 375,805 |
| Common stock value-Common Class A | 1 | 1 | 1 | 1 |
| Common stock value-Common Class C | 0 | 0 | 0 | 0 |
| Additional paid-in capital | 880,302 | 878,859 | 877,108 | 874,008 |
| Accumulated deficit | -894,746 | -847,679 | -834,196 | -815,680 |
| Accumulated other comprehensive loss | -222 | -157 | -230 | -133 |
| Treasury stock, at cost - 190 and 137 shares as of march31, 2026 and december31, 2025, respectively | 759 | 557 | - | - |
| Total stockholders' equity attributable to system1, inc | -15,424 | 30,467 | 42,683 | 58,196 |
| Non-controlling interest | -23,600 | -13,048 | -8,423 | -4,752 |
| Total stockholders' equity | -39,024 | 17,419 | 34,260 | 53,444 |
| Total liabilities and stockholders' equity | 320,325 | 404,972 | 385,160 | 429,249 |
System1, Inc. (SST)
System1, Inc. (SST)