SST
System1, Inc.
SST lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
SST Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Unavailable |
SST's revenue, profitability and cash flow are currently weak. There isn't enough data to rate its balance sheet.
SST PE Valuation
SST has no meaningful PE right now: it lost money over the past year.
SST Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect SST's losses to shrink, with revenue declining.
SST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$15.12 | -$6.59 |
| Q2 2026 | -$11.35 | -$1.72 |
| Q1 2026 | -$12.04 | -$0.84 |
| Q4 2025 | -$8.32 | +$2.38 |
| Q3 2025 | -$8.53 | +$3.57 |
| Q2 2025 | -$9.63 | +$13.07 |
| Q1 2025 | -$11.20 | +$11.50 |
| Q4 2024 | -$10.70 | +$14.10 |
SST is still losing money, but far less than before: $15.12 per share over the past year, against $37.70 at its worst in late 2022.
SST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26M | -58% |
| Q2 2026 | $30.2M | -61% |
| Q1 2026 | $37.2M | -50% |
| Q4 2025 | $51.9M | -31% |
| Q3 2025 | $61.6M | -31% |
| Q2 2025 | $78.1M | -17% |
| Q1 2025 | $74.5M | -12% |
| Q4 2024 | $75.6M | -21% |
SST's revenue has slid since its 2022 peak: $26M last quarter, down 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -281% | -256 points |
| Q2 2026 | -27% | -7.1 points |
| Q1 2026 | -137% | -119 points |
| Q4 2025 | -34% | -18 points |
| Q3 2025 | -25% | -0.7 points |
| Q2 2025 | -20% | +10 points |
| Q1 2025 | -18% | +13 points |
| Q4 2024 | -16% | +3.5 points |
SST's operating margin was −281% last quarter, down 256 points from the same quarter a year ago, near the bottom of its range since 2022.
SST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2M | +$4.1M |
| Q2 2026 | -$2M | -108% |
| Q1 2026 | -$26.1M | -$10.1M |
| Q4 2025 | -$10.6M | -1478% |
| Q3 2025 | -$2.1M | -$2M |
| Q2 2025 | $24.5M | +146% |
| Q1 2025 | -$16M | -$8K |
| Q4 2024 | $772K | +$19.9M |
SST has burned cash in most quarters: −$37M over the past year, against $7M the year before.
SST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.9% | +403K shares |
| 1 year | +9.6% | +747K shares |
| 3 years | -7.3% | -679K shares |
| 5 years | +466% | +7.1M shares |
SST has 9M diluted shares, up 9.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | $202,000 |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
SST Net Leverage
SST's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.9 | Neutral |
| Stochastic | 2.5 | Oversold |
SST's weekly RSI is 40 (neutral) and its Stochastic is 3 (oversold).
SST PE vs Industrials Sector
SST has no meaningful PE right now: it lost money over the past year.
SST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.11 | 21% below |
| 20 week MA | $2.29 | 27% below |
| 50 week MA | $2.99 | 44% below |
| 100 week MA | $4.46 | 63% below |
| 200 week MA | $13.2 | 87% below |
SST is in a downtrend: it's below all five of its weekly moving averages, and 87% below its 200-week average.
SST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $100.2 | $111.0 | +11% |
| 2021 | $111.0 | $99.2 | -11% |
| 2022 | $99.2 | $43.7 | -56% |
| 2023 | $43.7 | $22.2 | -49% |
| 2024 | $22.2 | $8.41 | -62% |
| 2025 | $8.41 | $4.61 | -45% |
| 2026 YTD | $4.61 | $1.67 | -64% |
SST has finished five years in a row lower, and it's down 64% so far in 2026.