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SST · XBRL financial data

System1 financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (SST's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Revenue from contracts with customers87,81896,120*84,91794,58188,83275,595*74,51378,11561,56151,940*37,23430,200
Cost of revenue——66,31868,50763,99943,778*46,07750,21238,81930,626*13,8605,926
Cost of goods and services sold—year only———year only——————
Selling, general and administrative11,80812,303*12,72813,98910,17210,457*16,57417,51116,95318,650*16,78914,541
Operating income (loss)(20,848)(18,491)*(25,796)(29,086)(21,816)(11,903)*(13,126)(15,905)(15,565)(17,444)*(51,037)(8,291)
Interest expense13,05311,956*7,9707,8717,9577,764*7,0857,1167,0526,303*6,6297,116
Other income (expense)(6,190)(15,105)*11,957(5,937)(8,238)(6,849)*(7,117)(7,184)(6,981)(746)*(6,629)(7,116)
Income tax expense (benefit)(920)(9,745)*(48)(178)585(729)*(387)(1,547)(543)(398)*(75)(75)
Net income (loss)(131,433)(26,607)*(10,537)(26,373)(23,602)(14,161)*(15,883)(17,463)(18,516)(13,483)*(47,067)(12,599)
Earnings per share, basic‡ USD per share(14.00)(3.10)*(1.60)(3.80)(3.40)(2.00)*(2.10)(2.23)(2.30)(1.67)*(5.82)(1.54)
Earnings per share, diluted‡ USD per share(14.00)(3.10)*(1.60)(3.80)(3.40)(2.00)*(2.10)(2.23)(2.30)(1.67)*(5.82)(1.54)
Weighted average shares, basic‡ thousands of shares9,3948,603*6,7786,9387,0057,099*7,4397,8208,0548,094*8,0908,164
Weighted average shares, diluted‡ thousands of shares9,3948,603*6,7786,9387,0057,099*7,4397,8208,0548,094*8,0908,164
  • ‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (June 2025); filings made before it reported them unadjusted.

Balance sheet

CSV

Fiscal quarters (SST's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Cash and cash equivalents4,853135,34369,92075,65169,09263,60743,91363,64854,58986,88751,51440,484
Accounts receivable59,39356,09352,73561,91557,60262,91661,76070,21854,35657,28953,25740,980
Prepaid and other current assets10,0456,7549,7916,8054,3823,9847,2666,2516,4304,0616,4687,557
Total current assets90,527202,003139,677148,624135,205134,477114,182141,360116,618149,480111,73989,521
Property and equipment, net3,2383,0842,8362,6132,4312,1041,9211,8161,6551,5621,4591,358
Right-of-use asset5,1544,7324,2413,7593,2982,6442,1573,4012,9239,1208,7228,315
Goodwill82,40782,40782,40782,40782,40782,40782,40782,40782,40782,40782,40782,407
Total assets927,544605,470521,059511,336479,313459,129419,154429,249385,160404,972320,325291,371
Accounts payable—9,4997,0556,2489,42310,4017,64128,05823,06522,01614,29015,139
Current portion of long-term debt—20,000———20,000———30,000——
Total current liabilities237,69186,41777,971101,72299,163105,09589,682119,885102,124146,438125,851116,959
Long-term debt—————255,118248,464241,795235,109228,399221,648214,880
Lease liability, non-current4,1433,5822,9382,3391,8211,3651,3272,8602,7838,1837,7537,312
Total liabilities687,066436,155360,654382,057376,467374,133351,495375,805350,900387,553359,349344,375
Accumulated deficit(646,242)(707,662)(718,199)(744,572)(768,174)(782,335)(798,218)(815,680)(834,196)(847,679)(894,746)(907,345)
Total stockholders' equity202,732135,278131,741109,41290,31380,26467,19158,19642,68330,467(15,424)(26,673)
Total liabilities and equity927,544605,470521,059511,336479,313459,129419,154429,249385,160404,972320,325291,371
Common shares outstanding (cover page)‡ thousands of shares—2,1512,120—————————
  • ‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (June 2025); filings made before it reported them unadjusted.

Cash flows

CSV

Fiscal quarters (SST's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Net income (loss)(131,433)(26,607)*(10,537)(26,373)(23,602)(14,161)*(15,883)(17,463)(18,516)(13,483)*(47,067)(12,599)
Stock-based compensation12,253*9,176*3,9703,442*3,782*4,569*2,6514,542*2,832*1,287*1,2641,355*
Net cash from operating activities(7,260)*(18,834)*(15,987)9,965*(5)*772*(15,949)24,492*(2,052)*(10,638)*(26,134)(2,035)*
Purchases of property and equipment434*338*00*31*0*460*0*0*0—
Net cash from investing activities(1,791)*210,038*(1,622)(1,596)*(1,744)*(1,293)*(1,548)(1,559)*(1,989)*(1,627)*(2,175)(1,365)*
Share repurchases0*0*———year only0——year only202—
Net cash from financing activities8,314*(73,018)*(48,158)(5,771)*(5,021)*(5,011)*(5,304)(2,790)*(5,013)*44,412*(7,743)(7,494)*
Net change in cash(1,167)*118,427*(65,766)2,591*(6,683)*(5,644)*(22,792)20,113*(9,059)*32,299*(36,116)(11,030)*

Compare with peers

SIC 7370 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 7370 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($K)Revenue, quarter ($K)Operating cash flow, quarter ($K)Shares outstandingRunwayQuarter
System140,48430,200(2,035)*not reported19.9 quarters 10-QJun 30, 2026
Iveda Solutions4,763802*(1,437)*12.5M3.3 quarters 10-QJun 30, 2026
Motorsport Games3,9463,5401,122*not reported— 10-QJun 30, 2026
Amesite2,29979*(661)*6.5M3.5 quarters 10-KJun 30, 2026
Smith Micro Software2,7954,341(882)*5.6M3.2 quarters 10-QJun 30, 2026
Webstar Technology Group1.3not reported(513)405.6M0.0 quarters 10-QMar 31, 2026
Upay117285(0.1)*18.7M3.1 quarters 10-QAug 31, 2026
Tessera Defense & Homeland Security347332(1,170)*26.7M0.5 quarters 10-QJun 30, 2026
OneMeta494392,404*38.9M— 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.