For the year ending 2025-12-31, SSTPW made $266,129K in revenue. -$65,345K in net income. Net profit margin of -24.55%.
| Income Statement | 2025-12-31 | |||
|---|---|---|---|---|
| Revenue | 266,129 | |||
| Cost of revenue | 165,734 | |||
| Salaries and benefits | 92,747 | |||
| Selling, general, and administrative | 69,688 | |||
| Total operating expenses | 328,169 | |||
| Operating loss | -62,040 | |||
| Interest expense, net | 27,556 | |||
| Gain on extinguishment of tax receivable agreement liability | 5,253 | |||
| Gain on extinguishment of debt | 0 | |||
| Change in fair value of warrant liabilities | -275 | |||
| Total other expense, net | -22,028 | |||
| Loss before income tax | -84,068 | |||
| Expected income tax benefit at statutory tax rate | -17,654 | |||
| State tax, net of federal tax benefit | 35 | |||
| Foreign tax effects | -1,258 | |||
| Effects of cross-border tax laws | 709 | |||
| Research and development credits | 1,012 | |||
| Other | -873 | |||
| Change in valuation allowance | 6,278 | |||
| Stock-based compensation | 1,082 | |||
| Non-controlling interest | -3,710 | |||
| Investment in partnership basis adjustments | 6,954 | |||
| Liability reversal | 1,103 | |||
| Other nondeductibles | 56 | |||
| Changes in unrecognized tax benefits | 828 | |||
| Other adjustments | -2,373 | |||
| Income tax benefit | -2,875 | |||
| Net loss | -81,193 | |||
| Less net loss attributable to non-controlling interest | -15,848 | |||
| Net loss attributable to system1, inc | -65,345 | |||
| Basic EPS | -8.32 | |||
| Diluted EPS | -8.32 | |||
| Basic Average Shares | 7,854,000 | |||
| Diluted Average Shares | 7,854,000 | |||
System1, Inc. (SSTPW)
System1, Inc. (SSTPW)