| Cash Flow | 2025-09-30 |
|---|---|
| Net loss | -63,401 |
| Depreciation and amortization | 61,832 |
| Stock-based compensation | 10,025 |
| Amortization of debt issuance costs | 2,714 |
| Noncash lease expense | 1,429 |
| Change in fair value of warrant liabilities | 29 |
| Deferred tax benefits | -1,477 |
| Gain on extinguishment of debt | 0 |
| Share-based compensation liabilities | 2,523 |
| Other, net | 32 |
| Accounts receivable | -8,560 |
| Prepaid expenses and other current assets | 2,377 |
| Accounts payable | 13,056 |
| Accrued expenses and other current liabilities | -25,908 |
| Other non-current liabilities | -546 |
| Net cash provided by (used in) operating activities | 6,491 |
| Purchases of property and equipment | 46 |
| Purchases of intangible asset | 275 |
| Capitalized software development costs | 4,775 |
| Net cash used in investing activities | -5,096 |
| Repayment of term loan | 15,000 |
| Taxes paid related to net settlement of stock awards | 324 |
| Distributions to members, net of contributions | 33 |
| Proceeds from private placement of class a common stock | 2,250 |
| Net cash used in financing activities | -13,107 |
| Effect of exchange rate changes in cash, cash equivalents and restricted cash | -26 |
| Net decrease in cash, cash equivalents and restricted cash | -11,738 |
| Cash and cash equivalents at beginning of period | 67,948 |
| Cash and cash equivalents at end of period | 56,210 |
System1, Inc. (SSTPW)
System1, Inc. (SSTPW)