• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    System1 Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    3/10/25 4:04:21 PM ET
    $SST
    Computer Software: Programming Data Processing
    Technology
    Get the next $SST alert in real time by email
    sst-20250310
    0001805833FALSE00018058332025-03-102025-03-100001805833us-gaap:CommonStockMember2025-03-102025-03-100001805833sst:RedeemableWarrantsMember2025-03-102025-03-10

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    FORM 8-K

    CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d)
    OF THE SECURITIES EXCHANGE ACT OF 1934
    Date of Report (Date of earliest event reported): March 10, 2025
    System1, Inc.
    (Exact name of registrant as specified in its charter)
    Delaware001-3933192-3978051
    (State or other jurisdiction of incorporation or organization)
    (Commission File Number)
    (I.R.S. Employer Identification Number)
    4235 Redwood Avenue
    Los Angeles, California, 90066
    (Address of principal executive offices including zip code)

    (310) 924-6037
    (Registrant's telephone number, including area code)
    N/A
    (Former name or former address, if changed since last report)
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each class
    Trading Symbol
    Name of each exchange on which registered
    Class A Common Stock, $0.0001 par value per shareSSTNew York Stock Exchange
    Redeemable warrants, each whole warrant exercisable for one Class A Common Stock share at an exercise price of $11.50 per shareSST.WSNew York Stock Exchange
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company ☒
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
    1


    Item 2.02 - Results of Operations and Financial Condition

    On March 10, 2025, System1, Inc. (the “Company”) issued a press release announcing financial results for its quarter and year ended December 31, 2024. The full text of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

    The information in this Item 2.02 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such a filing.

    The Company makes reference to certain non-GAAP financial measures in the press release. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures and reasons for why the Company believes these non-GAAP financial measures are useful are contained in the attached press release.


    Item 9.01 - Financial Statements and Exhibits

    (d) Exhibits.
    Exhibit No.Description
    99.1
    Press Release dated March 10, 2025
    104Cover Page Interactive Data File (embedded within the Inline XBRL document).
    2


    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    System1, Inc.
    Date:
    March 10, 2025
    By:
    /s/ Tridivesh Kidambi
    Name:
    Tridivesh Kidambi
    Title:
    Chief Financial Officer

    3
    Get the next $SST alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $SST

    DatePrice TargetRatingAnalyst
    11/8/2022$12.00 → $4.00Buy → Underperform
    BofA Securities
    7/11/2022$12.00Buy
    BofA Securities
    4/26/2022$14.00In-line
    Evercore ISI
    More analyst ratings

    $SST
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • System1 Announces Strong First Quarter 2025 Financial Results

      All Key Financial Results At or Above the High-End of Guidance Range Revenue Decreased 12% Year-Over-Year to $74.5 Million GAAP Gross Profit Increased 53% Year-Over-Year to $28.4 Million Adjusted Gross Profit Increased 33% Year-Over-Year to $41.5 million GAAP Net Loss Increased 44% Year-Over-Year to $19.9 Million Adjusted EBITDA Increased 2754% Year-Over-Year to $12.1 Million System1, Inc. (NYSE:SST) ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, today announced its financial results for the first quarter of 2025. "We are pleased to report another solid quarter where our key financial metrics were all above the high end of our guidance for

      5/6/25 4:05:00 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • System1 to Report First Quarter 2025 Financial Results

      System1, Inc. (NYSE:SST) ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, announced today that it will report financial results for the first quarter ended March 31, 2025 on Tuesday, May 6, 2025 after the U.S. stock market closes. Management will host a conference call at 5:00 PM ET the same day to discuss the results. The live webcast and replay will be accessible on the Company's Investor Relations website at ir.system1.com. About System1, Inc. System1 combines best-in-class technology & data science to operate its advanced Responsive Acquisition Marketing Platform (RAMP). System1's RAMP is omnichannel and omnivertical, and built for a privacy-centri

      4/29/25 4:01:00 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • System1 Announces Fourth Quarter and Full Year 2024 Financial Results

      Fourth Quarter Financial Highlights: Revenue Decreased 21% Over Prior Year to $75.6 million Gross Profit Increased 28% Over Prior Year to $31.8 million Adjusted Gross Profit Increased 19% Over Prior Year to $44.7 million GAAP Net Loss Decreased 29% Over Prior Year to $18.0 million Adjusted EBITDA Increased 79% Over Prior Year to $17.9 million Fiscal Year 2024 Results: Revenue Decreased 14% Over Prior Year to $343.9 million Gross Profit Decreased 2% Over Prior Year to 101.3 million Adjusted Gross Profit Decreased 1% Over Prior Year to $152.3 million GAAP Net Loss Decreased 13% Over Prior Year to $97.3 million Adjusted EBITDA Increased 32% Over Prior Year to $38.6 millio

      3/10/25 4:05:00 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology

    $SST
    Leadership Updates

    Live Leadership Updates

    See more
    • Cannae Holdings, Inc. Announces William P. Foley II as CEO

      Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it has appointed Chairman William P. Foley II as Chief Executive Officer of the Company and Richard Massey as Vice Chairman of the Board. Mr. Massey will continue to work with Mr. Foley on investment opportunities. Mr. Foley will continue as Chairman of the Board and Ryan Caswell will continue as the President of the Company. William P. Foley, II, commented, "I am very excited to assume the role of Chief Executive Officer and continue working with Rick Massey and our portfolio management team while sourcing new private investments that offer outsized, risk-adjusted returns." About Cannae Holdings, Inc.

      2/12/24 7:06:00 AM ET
      $ALIT
      $CNNE
      $DNB
      $PSFE
      Business Services
      Consumer Discretionary
      Restaurants
      Finance: Consumer Services

    $SST
    Financials

    Live finance-specific insights

    See more
    • System1 Announces Strong First Quarter 2025 Financial Results

      All Key Financial Results At or Above the High-End of Guidance Range Revenue Decreased 12% Year-Over-Year to $74.5 Million GAAP Gross Profit Increased 53% Year-Over-Year to $28.4 Million Adjusted Gross Profit Increased 33% Year-Over-Year to $41.5 million GAAP Net Loss Increased 44% Year-Over-Year to $19.9 Million Adjusted EBITDA Increased 2754% Year-Over-Year to $12.1 Million System1, Inc. (NYSE:SST) ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, today announced its financial results for the first quarter of 2025. "We are pleased to report another solid quarter where our key financial metrics were all above the high end of our guidance for

      5/6/25 4:05:00 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • System1 to Report First Quarter 2025 Financial Results

      System1, Inc. (NYSE:SST) ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, announced today that it will report financial results for the first quarter ended March 31, 2025 on Tuesday, May 6, 2025 after the U.S. stock market closes. Management will host a conference call at 5:00 PM ET the same day to discuss the results. The live webcast and replay will be accessible on the Company's Investor Relations website at ir.system1.com. About System1, Inc. System1 combines best-in-class technology & data science to operate its advanced Responsive Acquisition Marketing Platform (RAMP). System1's RAMP is omnichannel and omnivertical, and built for a privacy-centri

      4/29/25 4:01:00 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • System1 Announces Fourth Quarter and Full Year 2024 Financial Results

      Fourth Quarter Financial Highlights: Revenue Decreased 21% Over Prior Year to $75.6 million Gross Profit Increased 28% Over Prior Year to $31.8 million Adjusted Gross Profit Increased 19% Over Prior Year to $44.7 million GAAP Net Loss Decreased 29% Over Prior Year to $18.0 million Adjusted EBITDA Increased 79% Over Prior Year to $17.9 million Fiscal Year 2024 Results: Revenue Decreased 14% Over Prior Year to $343.9 million Gross Profit Decreased 2% Over Prior Year to 101.3 million Adjusted Gross Profit Decreased 1% Over Prior Year to $152.3 million GAAP Net Loss Decreased 13% Over Prior Year to $97.3 million Adjusted EBITDA Increased 32% Over Prior Year to $38.6 millio

      3/10/25 4:05:00 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology

    $SST
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • System1 downgraded by BofA Securities with a new price target

      BofA Securities downgraded System1 from Buy to Underperform and set a new price target of $4.00 from $12.00 previously

      11/8/22 7:27:24 AM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • BofA Securities initiated coverage on System1 with a new price target

      BofA Securities initiated coverage of System1 with a rating of Buy and set a new price target of $12.00

      7/11/22 7:45:51 AM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • Evercore ISI initiated coverage on System1 with a new price target

      Evercore ISI initiated coverage of System1 with a rating of In-line and set a new price target of $14.00

      4/26/22 9:12:19 AM ET
      $SST
      Computer Software: Programming Data Processing
      Technology

    $SST
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by System1 Inc.

      SC 13D/A - System1, Inc. (0001805833) (Filed by)

      6/26/24 12:48:25 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • Amendment: SEC Form SC 13D/A filed by System1 Inc.

      SC 13D/A - System1, Inc. (0001805833) (Filed by)

      6/26/24 11:13:59 AM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • SEC Form SC 13D filed by System1 Inc.

      SC 13D - System1, Inc. (0001805833) (Filed by)

      6/21/24 8:50:50 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology

    $SST
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Financial Officer Kidambi Tridivesh covered exercise/tax liability with 2,237 shares, decreasing direct ownership by 0.31% to 716,488 units (SEC Form 4)

      4 - System1, Inc. (0001805833) (Issuer)

      4/30/25 5:34:46 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • Chief Ad Operations Officer Coppola Brian covered exercise/tax liability with 2,052 shares, decreasing direct ownership by 0.73% to 279,799 units (SEC Form 4)

      4 - System1, Inc. (0001805833) (Issuer)

      4/30/25 5:33:12 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • Chief People Officer Sestanovich Elizabeth covered exercise/tax liability with 1,342 shares (SEC Form 4)

      4 - System1, Inc. (0001805833) (Issuer)

      4/30/25 5:32:09 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology

    $SST
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Cee Holdings Trust bought $10,431 worth of shares (8,412 units at $1.24), increasing direct ownership by 0.10% to 8,768,056 units (SEC Form 4)

      4 - System1, Inc. (0001805833) (Issuer)

      9/19/24 8:26:29 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • Large owner Cee Holdings Trust bought $14,266 worth of shares (11,813 units at $1.21), increasing direct ownership by 0.14% to 8,759,644 units (SEC Form 4)

      4 - System1, Inc. (0001805833) (Issuer)

      9/12/24 8:06:56 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • Large owner Cee Holdings Trust bought $21,961 worth of shares (18,055 units at $1.22), increasing direct ownership by 0.21% to 8,747,831 units (SEC Form 4)

      4 - System1, Inc. (0001805833) (Issuer)

      9/9/24 7:47:21 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology

    $SST
    SEC Filings

    See more
    • SEC Form PRE 14A filed by System1 Inc.

      PRE 14A - System1, Inc. (0001805833) (Filer)

      5/7/25 8:36:43 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • System1 Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - System1, Inc. (0001805833) (Filer)

      5/6/25 4:50:04 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology
    • SEC Form 10-Q filed by System1 Inc.

      10-Q - System1, Inc. (0001805833) (Filer)

      5/6/25 4:27:58 PM ET
      $SST
      Computer Software: Programming Data Processing
      Technology