System1, Inc. (SST)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Revenue | 78,115 | 74,513 | 88,832 | 94,581 |
| Depreciation and amortization | - | - | 20,128 | 19,943 |
| Cost of revenue (excluding depreciation and amortization) | - | - | 51,171 | 55,798 |
| Selling, general, and administrative | 17,511 | 16,574 | 10,172 | 13,989 |
| Cost of revenue | 50,212 | 46,077 | - | - |
| Salaries and benefits | 26,297 | 24,988 | 29,177 | 33,937 |
| Total operating expenses | 94,020 | 87,639 | 110,648 | 123,667 |
| Operating loss | -15,905 | -13,126 | -21,816 | -29,086 |
| Gain from debt extinguishment | - | - | - | 433 |
| Change in fair value of warrant liabilities | - | - | -281 | 1,501 |
| Interest expense, net | 7,116 | 7,085 | 7,957 | 7,871 |
| Gain on extinguishment of debt | - | - | - | - |
| Change in fair value of warrant liabilities | 68 | 32 | - | - |
| Total other expense (income), net | -7,184 | -7,117 | -8,238 | -5,937 |
| Loss before income tax | -23,089 | -20,243 | -30,054 | -35,023 |
| Income tax benefit | -1,547 | -387 | 585 | -178 |
| Net loss from continuing operations | - | - | -30,639 | -34,845 |
| Net loss | -21,542 | -19,856 | -30,639 | -34,845 |
| Less net loss attributable to non-controlling interest | -4,079 | -3,973 | - | - |
| Less net loss from continuing operations attributable to non-controlling interest | - | - | -7,037 | - |
| Net loss attributable to system1, inc | -17,463 | -15,883 | -23,602 | -34,845 |
| Basic net loss per share (in dollars per share) | -2.23 | -0.21 | -0.34 | -0.38 |
| Diluted net loss per share (in dollars per share) | -2.23 | -0.21 | -0.34 | -0.38 |
| Weighted average number of shares outstanding - basic (in shares) | 7,820,000 | 74,389,000 | 70,045,000 | 69,383,000 |
| Weighted average number of shares outstanding - diluted (in shares) | 7,820,000 | 74,389,000 | 70,045,000 | 69,383,000 |