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Balance Sheets Overview

Current Ratio
76.54%
Quick Ratio
76.54%
Cash Ratio
34.61%
Debt to Asset Ratio
118.19%
Unit: Thousand (K) dollars
Assets Breakdown
    • Intangible assets, net
    • Total current assets
    • Goodwill
    • Others
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in capital
    • Long-term debt, net
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and cash equivalents
40,484
51,514
86,887
54,589
Restricted cash, current
500
500
1,243
1,243
Accounts receivable, net
40,980
53,257
57,289
54,356
Prepaid expenses and other current assets
7,557
6,468
4,061
6,430
Total current assets
89,521
111,739
149,480
116,618
Restricted cash, non-current
379
379
379
378
Property and equipment, net
1,358
1,459
1,562
1,655
Internal-use software development costs, net
13,097
13,897
13,672
14,170
Intangible assets, net
96,007
101,358
148,089
166,714
Goodwill
82,407
82,407
82,407
82,407
Operating lease right-of-use assets
8,315
8,722
9,120
2,923
Other non-current assets
287
364
263
295
Total assets
291,371
320,325
404,972
385,160
Accounts payable
15,139
14,290
22,016
23,065
Accrued expenses and other current liabilities
23,367
33,278
46,277
54,255
Operating lease liabilities, current
1,538
1,467
1,427
677
Debt, net
76,915
76,816
76,718
24,127
Total current liabilities
116,959
125,851
146,438
102,124
Operating lease liabilities, non-current
7,312
7,753
8,183
2,783
Long-term debt, net
214,880
221,648
228,399
235,109
Deferred tax liability
3,573
3,549
4,013
4,662
Other non-current liabilities
1,651
548
520
6,222
Total liabilities
344,375
359,349
387,553
350,900
Common stock value-Common Class A
1
1
1
1
Common stock value-Common Class C
0
0
0
0
Additional paid-in capital
881,755
880,302
878,859
877,108
Accumulated deficit
-907,345
-894,746
-847,679
-834,196
Accumulated other comprehensive loss
-325
-222
-157
-230
Treasury stock, at cost - 190 and 137 shares as of june30, 2026 and december31, 2025, respectively
759
759
557
-
Total stockholders' equity attributable to system1, inc
-26,673
-15,424
30,467
42,683
Non-controlling interest
-26,331
-23,600
-13,048
-8,423
Total stockholders' equity
-53,004
-39,024
17,419
34,260
Total liabilities and stockholders' equity
291,371
320,325
404,972
385,160
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Accounts receivable, net$40,980K Cash and cashequivalents$40,484K Prepaid expenses andother current assets$7,557K Restricted cash, current$500K Intangible assets, net$96,007K Total current assets$89,521K Goodwill$82,407K Internal-use softwaredevelopment costs, net$13,097K Operating leaseright-of-use assets$8,315K Property and equipment,net$1,358K Restricted cash,non-current$379K Other non-currentassets$287K Accumulated deficit-$907,345K Treasury stock, at cost -190 and 137 shares as...$759K Accumulated othercomprehensive loss-$325K Total assets$291,371K Total stockholders'equity attributable to...-$26,673K Non-controlling interest-$26,331K Additional paid-in capital$881,755K Common stockvalue-Common Class A$1K Total liabilities andstockholders' equity$291,371K Total stockholders'equity-$53,004K Total liabilities$344,375K Long-term debt, net$214,880K Total currentliabilities$116,959K Operating leaseliabilities, non-current$7,312K Deferred tax liability$3,573K Other non-currentliabilities$1,651K Debt, net$76,915K Accrued expenses andother current...$23,367K Accounts payable$15,139K Operating leaseliabilities, current$1,538K

System1, Inc. (SSTPW)

System1, Inc. (SSTPW)