SST - System1, Inc.

📈 Is growth accelerating? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Jan 26, 2022 10-Q ↗	Q2 FY2021 Jan 26, 2022 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Feb 10, 2020 10-K ↗
Revenue Growth YoY (%)	-50.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-517%)	-31.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-361%)	-30.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-356%)	-17.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-245%)	-12.3% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-202%)	-21.4% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-278%)	1.2% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-90%)	-35.8% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-398%)	-49.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-512%)	-31.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-361%)	-56.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-570%)	-33.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-375%)	1.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-91%)	-29.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-349%)	17.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+45%)	29.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+147%)	12.6% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	-177.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	16.7% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	32.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	41.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-31.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	43.4% Excellent → Excellent Stable Year-over-year change in earnings per share Optimal: > 10%	75.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	56.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-29.6% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-300.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-15.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-2.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-196.3% Weak ↓ Weak Declining Year-over-year change in net income	4.8% Caution ↑ Caution Improving Year-over-year change in net income	21.5% Good ↑ Good Improving Year-over-year change in net income	33.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-50.7% Weak ↓ Weak Declining Year-over-year change in net income	48.7% Excellent ↓ Excellent Declining Year-over-year change in net income	82.0% Excellent ↑ Excellent Improving Year-over-year change in net income	25.1% Excellent ↑ Excellent Improving Year-over-year change in net income	69.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-2.8% Weak ↑ Weak Improving Year-over-year change in net income	-315.4% Weak ↓ Weak Declining Year-over-year change in net income	-20.7% Weak Weak Year-over-year change in net income	-13.2% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	N/M	N/M	N/M	N/M	N/M	—	—	—	—	—
FCF Growth YoY (%)	-50.2% Weak Weak Year-over-year change in free cash flow	—	—	—	8.8% Fair Fair Year-over-year change in free cash flow	—	—	—	-234.7% Weak Weak Year-over-year change in free cash flow	—	—	—	79.0% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-39.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-28.2% Weak → Weak Stable Compound annual revenue growth over 3 years	-32.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-29.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-23.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-27.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-19.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-17.7% Weak Weak Compound annual revenue growth over 3 years	-16.8% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	-24.1% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Jan 26, 2022 10-Q ↗	Q2 FY2021 Jan 26, 2022 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Feb 10, 2020 10-K ↗
Operating Margin (%) (%)	-137.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-785%)	-33.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-268%)	-25.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-226%)	-20.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-202%)	-17.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-188%)	-15.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-179%)	-24.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-223%)	-30.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-254%)	-30.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-252%)	-19.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-199%)	-23.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-219%)	-24.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-224%)	-22.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-212%)	-38.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-294%)	-21.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-205%)	-12.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-163%)	-21.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-208%)	3.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	9.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	9.6% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	7.4% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	—	—	—	—	—
Effective Tax Rate (%) (%)	0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	45.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-9.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.9% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	4.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—
Profit Margin (%) (%)	-126.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-943%)	-26.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-273%)	-30.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-301%)	-22.4% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-249%)	-21.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-242%)	-18.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-225%)	-26.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-277%)	-27.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-286%)	-12.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-183%)	-28.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-292%)	-149.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1098%)	-23.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-260%)	-20.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-235%)	-19.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-228%)	-15.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-205%)	-13.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-189%)	-18.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-220%)	1.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	6.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	6.9% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	4.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	—	—	—	—	—
FCF Margin (%) (%)	-70.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-20.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-3.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	31.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-21.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	1.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-18.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-19.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-3.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	2.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-16.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.7% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-6.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-6.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	6.9% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—
FCF / Net Income (x)	0.56x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.11x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.40x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	-0.05x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	1.52x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.69x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	0.19x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-0.14x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	0.92x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	6.84x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.92x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.89x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.50x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.00x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.00x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	1.00x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Jan 26, 2022 10-Q ↗	Q2 FY2021 Jan 26, 2022 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Feb 10, 2020 10-K ↗
Return on Invested Capital (%)	-18.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-5.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-5.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-4.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-3.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-6.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-7.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-6.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-4.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-3.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-24.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	—	-19.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-15.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-4.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-4.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-3.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-3.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-4.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-5.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-5.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-3.2% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-2.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-4.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-2.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-2.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	—	-44.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-339%)	-43.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-334%)	-30.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-262%)	-23.6% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-228%)	-17.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-195%)	-26.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-241%)	-24.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-230%)	-8.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-143%)	-20.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-210%)	-64.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-450%)	-10.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-158%)	-9.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-151%)	-6.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-137%)	-5.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-128%)	-4.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-125%)	-4.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-125%)	-11.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-159%)	—	—	—	36.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+97%)	-0.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-101%)	-0.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-101%)	-24.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-235%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Jan 26, 2022 10-Q ↗	Q2 FY2021 Jan 26, 2022 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Feb 10, 2020 10-K ↗
Debt to Equity (x)	-19.35x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-4400%)	10.01x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+2125%)	6.07x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1250%)	4.53x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+906%)	3.98x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+784%)	3.38x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+652%)	3.05x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+578%)	2.56x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+468%)	2.16x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+380%)	2.58x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+474%)	1.99x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+342%)	1.24x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+176%)	1.15x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+156%)	1.06x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+135%)	0.68x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+51%)	0.66x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+47%)	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	-8.08x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	-3.24x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	—	-1.60x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2.95x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-3.27x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-5.65x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-4.23x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-3.81x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-7.49x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.81x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.83x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.65x Fair Fair Operating income divided by interest expense Optimal: > 5x	2.70x Caution Caution Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—
Net Debt (USD)	$246.95M	$218.23M	$204.65M	$199.69M	$223.52M	$207.92M	$206.48M	$203.96M	$214.87M	$214.16M	$398.42M	$398.42M	$402.51M	$405.62M	$387.07M	$386.56M	$-42.18M	$-47.90M	$-36.21M	$-34.57M	$-30.85M	$-843.64K	$-889.63K	$-1.74M	—	—
Debt / EBITDA (x)	-5.85x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-17.49x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-16.66x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-16.56x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-20.37x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-22.81x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-12.63x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-9.61x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-11.04x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-18.32x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-19.34x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-11.18x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-10.96x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-7.62x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-9.96x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-15.29x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Jan 26, 2022 10-Q ↗	Q2 FY2021 Jan 26, 2022 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Feb 10, 2020 10-K ↗
Revenue per Share (USD)	$4.60	—	$7.64	$9.99	$10.02	—	$12.68	$13.63	$12.53	—	$9.35	$15.76	$18.15	—	$22.11	$24.50	$20.21	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-5.82	$-1.65	$-2.30	$-2.23	$-2.10	$-1.98	$-3.40	$-3.80	$-1.60	$-3.50	$-14.00	$-3.80	$-3.70	$-2.70	$-3.50	$-3.30	$-3.60	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-3.23	—	$-0.25	$3.13	$-2.15	—	—	—	$-2.36	—	—	—	$-0.70	—	—	—	$-3.36	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$-1.91	—	$5.30	$7.44	$9.03	—	$12.89	$15.77	$62.13	—	$21.58	$35.03	$38.62	—	$67.82	$71.66	$77.77	—	—	—	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$-24.62	—	$-25.63	$-26.80	$-29.46	—	$-33.28	$-33.53	$-108.00	—	$-20.79	$-66.97	$-67.35	—	$-87.15	$-89.45	$-101.73	—	—	—	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	8.09M	—	8.05M	7.82M	7.44M	—	7.00M	6.94M	6.78M	—	9.39M	9.34M	9.25M	—	9.10M	8.97M	8.22M	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Jan 26, 2022 10-Q ↗	Q2 FY2021 Jan 26, 2022 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Feb 10, 2020 10-K ↗
Working Capital (USD)	$-14.11M	$3.04M	$14.49M	$21.48M	$24.50M	$29.38M	$36.04M	$46.90M	$61.71M	$115.59M	$-147.16M	$-114.79M	$-101.84M	$-84.57M	$-80.25M	$-54.09M	$-63.73M	$-130.77M	—	—	—	$440.38K	$1.04M	$1.21M	—	—
LT Debt (USD)	$298.46M	$305.12M	$259.24M	$263.34M	$267.43M	$271.52M	$275.57M	$279.61M	$284.79M	$349.50M	$403.27M	$407.03M	$410.78M	$414.52M	$419.00M	$424.00M	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$-15.42M	$30.47M	$42.68M	$58.20M	$67.19M	$80.26M	$90.31M	$109.41M	$131.74M	$135.28M	$202.73M	$327.28M	$357.05M	$392.02M	$617.18M	$642.82M	$639.35M	$-28.40M	—	—	—	$-81.33M	$5.00M	$5.00M	$20.02K	$0.00

📋 What is driving earnings? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Jan 26, 2022 10-Q ↗	Q2 FY2021 Jan 26, 2022 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Feb 10, 2020 10-K ↗
Sales/Revenue/Turnover (USD)	$37.23M	$51.94M	$61.56M	$78.11M	$74.51M	$75.59M	$88.83M	$94.58M	$84.92M	$96.12M	$87.82M	$147.24M	$167.85M	$140.07M	$201.18M	$219.80M	$166.11M	$199.80M	$171.45M	$169.58M	$147.56M	—	—	—	—	—
Depreciation Expense (USD)	—	—	—	—	—	—	—	—	—	—	—	—	—	$-20.00K	$252.00K	$149.00K	$119.00K	$67.00K	$73.00K	$89.00K	$81.00K	—	—	—	—	—
Net Income, GAAP (USD)	$-47.07M	$-13.48M	$-18.52M	$-17.46M	$-15.88M	$-14.16M	$-23.60M	$-26.37M	$-10.54M	$-27.63M	$-131.43M	$-35.23M	$-33.95M	$-26.89M	$-31.64M	$-29.20M	$-29.99M	$3.11M	$11.37M	$11.77M	$6.74M	$-29.70M	$-4.98K	$-4.98K	$-4.98K	—
Operating Cash Flow (USD)	$-26.13M	$-10.64M	$-2.05M	$24.49M	$-15.95M	$772.00K	—	—	$-15.99M	$-18.83M	—	—	$-5.80M	$4.06M	—	—	$-26.22M	$21.34M	$-10.49M	$-10.49M	$10.13M	$-45.99K	$0.00	—	$-4.98K	—

System1, Inc.

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