$SST Balance Sheet | Understand Stock

$SST

$1.82 -$0.13 (6.67%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Balance Sheets

In millions of USD; shares in millions, except per-share amounts

	Q2 FY2026 As of Jun 30, 2026	Q1 FY2026 As of Mar 31, 2026	Q4 FY2025 As of Dec 31, 2025	Q3 FY2025 As of Sep 30, 2025	Q2 FY2025 As of Jun 30, 2025	Q1 FY2025 As of Mar 31, 2025	Q4 FY2024 As of Dec 31, 2024	Q3 FY2024 As of Sep 30, 2024	Q2 FY2024 As of Jun 30, 2024	Q1 FY2024 As of Mar 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021
ASSETS
Current assets:
Cash and cash equivalents
Prepaid expenses
Restricted cash, current
Accounts receivable, net
Prepaid expenses and other current assets
Current assets held for sale from discontinued operations
Total current assets

Cash held in Trust Account
Restricted cash, non-current
Property and equipment, net
Internal-use software development costs, net
Internal-use software development costs
Total internal-use software development costs, net
Intangible assets, net
Goodwill
Due from related party
Operating lease right-of-use assets
Other non-current assets
Assets held for sale from discontinued operations
Total assets

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts Payable and Accrued Expenses
Promissory note - related party
Accounts payable
Nonrelated Party
Related Party
Total accounts payable
Accrued expenses and other current liabilities
Protected incentive plan liability, current
Deferred revenue
Operating lease liabilities, current
Due to related party
Notes payable, current
Debt, net
Current liabilities held for sale from discontinued operations
Total current liabilities

FPA Liability
Deferred Underwriting Fee Payable
Operating lease liabilities, non-current
Notes payable, non-current
Related-party loan
Long-term debt, net
Warrant liability
Deferred tax liability
Protected incentive plan liability
Protected incentive plan liability, non-current
Other non-current liabilities
Liabilities held for sale from discontinued operations
Total liabilities
Class A Ordinary Shares subject to possible redemption, 51,750,000 shares issued and outstanding at redemption value as of December 31, 2021 and 2020
Class A Common Stock
Total class A Ordinary Shares subject to possible redemption, 51,750,000 shares issued and outstanding at redemption value as of December 31, 2021 and 2020
Stockholders' equity:
Common stock value
Class A Common Stock
Class B ordinary shares
Class C Common Stock

Additional paid-in capital
Accumulated deficit
Members’ deficit
Accumulated other comprehensive loss
Treasury stock, at cost - 190 and 137 shares as of June 30, 2026 and December 31, 2025, respectively
Total stockholders' equity attributable to System1, Inc.
Non-controlling interest
Total stockholders' equity

Total liabilities and stockholders' equity

Common stock issued (in shares)
Class A Common Stock
Class B ordinary shares
Class C Common Stock

Common stock, par value (in dollars per share)
Class A Common Stock
Class B ordinary shares
Class C Common Stock
Total common stock, par value (in dollars per share)

Common stock, shares authorized (in shares)
Class A Common Stock
Class B ordinary shares
Class C Common Stock
Total common stock, shares authorized (in shares)

Common stock outstanding (in shares)
Class A Common Stock
Class B ordinary shares
Class C Common Stock
Total common stock outstanding (in shares)

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