SST

Company Overview — What Does System1, Inc. Do?

System1, Inc. develops technology and data science to operate responsive acquisition marketing platform. The company also operates a real-time coupon code search engine and directory that offers coupon destinations for online shoppers. It serves customers in the areas of health, subscription, finance, insurance, business and technology, travel, auto, and other direct-to-consumer businesses. The company was founded in 2013 and is based in Los Angeles, California. System1, Inc. (SST) is classified as a micro-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Michael Blend and employs approximately 320 people. With a market capitalization of $42M, SST is one of the notable companies in the Technology sector.

System1, Inc. (SST) Stock Rating — Reduce (April 2026)

As of April 2026, System1, Inc. receives a Reduce rating with a composite score of 29.1/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SST ranks #2,372 out of 4,446 stocks in our coverage universe. Within the Technology sector, System1, Inc. ranks #255 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SST Stock Price and 52-Week Range

System1, Inc. (SST) currently trades at $2.56. The stock gained $0.06 (2.4%) in the most recent trading session. Recent trading volume was 770K shares, suggesting relatively thin trading activity.

Is SST Overvalued or Undervalued? — Valuation Analysis

System1, Inc. (SST) carries a value factor score of 17/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 1.63x, versus the sector average of 3.16x. The price-to-sales ratio is 0.09x, compared to 1.06x for the average Technology stock.

At current multiples, System1, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

System1, Inc. Profitability — ROE, Margins, and Quality Score

System1, Inc. (SST) earns a quality factor score of 30/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -539.9%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -23.2% versus the sector average of -1.0%.

On a margin basis, System1, Inc. reports gross margins of 36.9%, compared to 50.9% for the sector. The operating margin is -22.0% (sector: -0.5%). Net profit margin stands at -31.1%, versus -1.5% for the average Technology stock. Revenue growth is running at -34.9% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

SST Debt, Balance Sheet, and Financial Health

System1, Inc. has a debt-to-equity ratio of 1752.0%, compared to the Technology sector average of 43.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.02x, suggesting adequate working capital coverage. Total debt on the balance sheet is $305M.

SST has a beta of 1.73, meaning it is more volatile than the broader market — a $10,000 investment in SST would be expected to move 73.3% more than the S&P 500 on any given day. The stability factor score for System1, Inc. is 7/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

System1, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, System1, Inc. reported revenue of $303M and earnings per share (EPS) of $-8.32. Net income for the quarter was $-94M. Gross margin was 36.9%. Operating income came in at $-66M.

In FY 2025, System1, Inc. reported revenue of $266M and earnings per share (EPS) of $-8.32. Net income for the quarter was $-81M. Gross margin was 37.7%. Revenue grew -22.6% year-over-year compared to FY 2024. Operating income came in at $-62M.

In Q3 2025, System1, Inc. reported revenue of $62M and earnings per share (EPS) of $-2.30. Net income for the quarter was $-22M. Gross margin was 36.9%. Revenue grew -30.7% year-over-year compared to Q3 2024. Operating income came in at $-16M.

In Q2 2025, System1, Inc. reported revenue of $78M and earnings per share (EPS) of $-2.23. Net income for the quarter was $-22M. Gross margin was 35.7%. Revenue grew -17.4% year-over-year compared to Q2 2024. Operating income came in at $-16M.

Over the past 8 quarters, System1, Inc. has demonstrated a growth trajectory, with revenue expanding from $95M to $303M. Investors analyzing SST stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SST Dividend Yield and Income Analysis

System1, Inc. (SST) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

SST Momentum and Technical Analysis Profile

System1, Inc. (SST) has a momentum factor score of 51/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 38/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 4/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

SST vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, System1, Inc. (SST) ranks #255 out of 584 stocks based on the Blank Capital composite score. This places SST in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing SST against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SST vs S&P 500 (SPY) comparison to assess how System1, Inc. stacks up against the broader market across all factor dimensions.

SST Next Earnings Date

No upcoming earnings date has been announced for System1, Inc. (SST) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SST? — Investment Thesis Summary

The quantitative profile for System1, Inc. suggests caution. The quality score of 30/100 flags below-average profitability. The value score of 17/100 indicates premium valuation. High volatility (stability score 7/100) increases portfolio risk.

In summary, System1, Inc. (SST) earns a Reduce rating with a composite score of 29.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SST stock.

Related Resources for SST Investors

Explore more research and tools: SST vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SST head-to-head with peers: SST vs IHS, SST vs VRSN, SST vs ESE.