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SSTSystem1, Inc.
$3.14$31M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
SST logo

System1, Inc.

SST
NYSE · Business Services
$3.14
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$31M
P/E-0.4x
52W High$9.30
Volume331.69K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

System1 Faces Severe Structural Revenue Contraction Risks

System1's reliance on a volatile digital advertising arbitrage model has resulted in a persistent inability to achieve positive operating margins, which reached -38.2% in 2026Q1. The company's financial health is increasingly precarious, evidenced by a shift t...

GrowthContracting
ProfitabilityNegative
ValuationAttractive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

SST price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/12 Beats

EPS beat 2 of last 12 quarters

02

Valuation risk

-101% Peers

P/E is 101% below peer median

03

Market leadership

RS 92 · Leader

High momentum (Outperforming 92% of market)

04

Trend Check

N/A

Trend data unavailable

Next CatalystConfirmed earnings · Nov 12

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SST-26.64%
S&P 500 (^GSPC)+12.39%
1-Year Return
SST-60.55%
S&P 500 (^GSPC)+15.77%
3-Year Return
SST-74.88%
S&P 500 (^GSPC)+71.34%
5-Year Return
SST-96.83%
S&P 500 (^GSPC)+66.99%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-0.4x
Forward P/E
N/A
EV/EBITDA50th %ile
12.5x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-0.4x
6.2x
0th· Low
EV/EBITDA
12.5x
131.4x
50th· Fair
Price/FCF
N/A
154.7x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$266M-22.6% YoY
Net income
-$65M+12.5% YoY
Free cash flow
-$4M+20.7% YoY
Operating margin
-23.3%+2.4 pts YoY
ROIC (TTM)-17.2%
Avg ROIC 5Y-
ROE (TTM)-127.6%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate2/12 (17%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
-$1.54+21.4%
vs -$1.96
$30M-48.5%
vs $59M
Q2 2026
May 12, 2026
-$2.22-3.7%
vs -$2.14
$37M-32.5%
vs $55M
Q2 2026
Mar 11, 2026
-$2.29-13.4%
vs -$2.02
$52M-2.1%
vs $53M
Q4 2025
Nov 5, 2025
-$2.30-13.9%
vs -$2.02
$62M+16.1%
vs $53M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 8, 2026
System1's MapQuest Surpasses 2 Million New Users Over the Past Week

LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”) today announced that its MapQuest mapping service has surpassed 2 million new users of its iOS and Android apps over the past week. The milestone was driven by new users continuing to embrace and support MapQuest's decision to keep familiar historical geographic names for lakes and gulfs on its mapping platform. This unprecedented surge in downloads carried MapQuest to the No. 1 overall free app position in the.

GuruFocus·Sep 7, 2026
Hyosung Chairman Cho Hyun-Joon targets U.S. AI power market with 22.9kV SST

Hyosung Chairman Cho Hyun-Joon targets U.S. AI power market with 22.9kV SST PR Newswire SEOUL, South Korea, Sept.

GuruFocus·Sep 1, 2026
MapQuest Tops the Charts at No. 1 Overall Free App in the U.S. and Canada Apple App Stores

System1, Inc. (NYSE: SST) (“System1” or the “Company”) today announced that its MapQuest mapping service has surged to become the No. 1 overall free app

Business Wire·Sep 1, 2026
MapQuest Tops the Charts at No. 1 Overall Free App in the U.S. and Canada Apple App Stores

LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”) today announced that its MapQuest mapping service has surged to become the No. 1 overall free app in the Apple App Store in both the United States and Canada. The milestone follows a rapid ascent for the app. On August 31, 2026, MapQuest announced it had reached the No. 1 Navigation app ranking and the No. 8 and No. 2 overall free app positions in the U.S. and Canada Apple App Stores, respectively. Driven by us.

Filtered for System1, Inc.More Headlines
04

Compare before deciding

Benchmark SST against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for System1, Inc. (SST)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SST logoSSTSystem1, Inc.Current
$3.14$31.42M-0.38-22.62%-24.55%-127.61%0.13%
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.92$199.75M4.0355.25%45.97%10.97%—
QNST logoQNSTQuinStreet, Inc.
$14.28$820.32M176.9578.27%6.28%27.66%—
RAMP logoRAMPLiveRamp Holdings, Inc.
$37.44$2.28B16.649.03%18.71%16.16%—
ACMR logoACMRACM Research, Inc.
$80.67$5.17B58.8815.24%14.48%7.24%—
FLNT logoFLNTFluent, Inc.
$3.45$102.86M-3.29-18.01%-11.48%-151.7%—

Compare SST vs Peers

System1, Inc. (SST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TPVG

Most directly comparable listed peer for SST.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare SST against a more recognizable public peer.

Peer Set

Compare Top 5

vs TPVG, QNST, RAMP, ACMR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SST SEC Filings & Documents

System1, Inc. (SST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Aug 5, 2026·SEC

Material company update

Jul 24, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 11, 2026·SEC

FY 2025

Mar 10, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 12, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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SST Frequently Asked Questions

System1, Inc. (SST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is System1, Inc.'s revenue?

System1, Inc. (SST) reported $180.9M in revenue for fiscal year 2025. This represents a 56% decrease from $407.5M in 2019.

How fast is System1, Inc. growing?

System1, Inc. (SST) saw revenue decline by 22.6% over the past year.

Is SST profitable?

System1, Inc. (SST) reported a net loss of $91.7M for fiscal year 2025.

Dividend & Returns
Does SST pay dividends?

Yes, System1, Inc. (SST) pays a dividend with a yield of 0.13%. This makes it attractive for income-focused investors.

What is SST's return on equity?

System1, Inc. (SST) has a return on equity (ROE) of -127.6%. Negative ROE indicates the company is unprofitable.

What is System1, Inc.'s free cash flow?

System1, Inc. (SST) had negative free cash flow of $77.8M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in SST back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →