Q2 FY2026 · ended Jun 30, 2026 · Revenue $30.20M, -61.3% YoY · Filed Aug 5, 2026
System1, Inc. (SST) files with the SEC under industry code 7370, Services-Computer Programming, Data Processing, Etc. In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, it reported revenue of $30.2 million and a net loss of $12.6 million. As of Jun 30, 2026 it held $40.5 million in cash and investments and $300.6 million in total debt.
Revenue
$30.20M
-61.3% vs year-ago quarter
Net income
$-12.60M
+27.9% vs year-ago quarter
Operating cash flow
$-2.04M
-108.3% vs year-ago quarter
Free cash flow
$-26.13M
-63.4% vs year-ago quarter
EPS
$-1.54
+30.9% vs year-ago quarter
Dividend per share
None
Shares outstanding
21.20M
Net cash
$-260.16M
Q2 FY2026
Operating margin
-51.0%
TTM
Company profile
- Industry
- Services-Computer Programming, Data Processing, Etc. (SIC 7370)
- Listed as
- SST (NYSE), SSTPW (OTC)
- Fiscal year ends
- December 31
- Headquarters
- Marina Del Rey, CA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1805833
- Former names
- Trebia Acquisition Corp. (until Jan 26, 2022)
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All 94 Services-Computer Programming, Data Processing, Etc. companies
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $30.2M | $37.2M | $51.9M | $61.6M | $78.1M |
| Operating income | -$8.3M | -$51.0M | -$17.4M | -$15.6M | -$15.9M |
| Net income | -$12.6M | -$47.1M | -$13.5M | -$18.5M | -$17.5M |
| Diluted EPS | -$1.54 | -$5.82 | -$1.67 | -$2.30 | -$2.23 |
| Operating cash flow | -$2.0M | -$26.1M | -$10.6M | -$2.1M | $24.5M |
| Free cash flow | — | -$26.1M | -$10.6M | -$2.1M | $24.5M |
| Total assets | $291.4M | $320.3M | $405.0M | $385.2M | $429.2M |
| Total liabilities | $344.4M | $359.3M | $387.6M | $350.9M | $375.8M |
| Stockholders' equity | -$26.7M | -$15.4M | $30.5M | $42.7M | $58.2M |
| Cash and investments | $40.5M | $51.5M | $86.9M | $54.6M | $63.6M |
| Total debt | $300.6M | $307.7M | $314.7M | $262.7M | $267.4M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change
|
Oct 30, 2026 | Oct 30, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 5, 2026 | Aug 5, 2026 |
| 10-Q | Quarterly report | Aug 5, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 5, 2026 | Aug 5, 2026 |
| 8-K |
Current report
Change to shareholder rights, Officer or director change, Bylaw or fiscal year change, Shareholder vote results, Other events
|
Jul 24, 2026 | Jul 22, 2026 |
| 8-K |
Current report
Material agreement, New debt, Unregistered share sale, Regulation FD disclosure
|
Jun 1, 2026 | May 29, 2026 |
All 615 System1, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.