$SST
System1, Inc. Stock $sst

$sst Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000180583322000014 Filed on May 19, 2022

Income Statement

Concept	2022 Q1	2021 Q1	2020 Q4
Revenue	$52.71M	$147.6M	$135.8M
YoY Change	-64.28%
Cost Of Revenue	$161.9M	$110.8M	$96.64M
YoY Change	46.13%
Gross Profit	$56.93M	$36.78M	$39.12M
YoY Change	54.8%
Gross Profit Margin	108.0%	24.92%	28.82%
Selling, General & Admin	$14.82M	$6.950M	$21.78M
YoY Change	113.19%
% of Gross Profit	26.03%	18.9%	55.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$16.00K	$81.00K	$13.83M
YoY Change	-80.25%
% of Gross Profit	0.03%	0.22%	35.36%
Operating Expenses	$14.82M	$6.950M	$24.86M
YoY Change	113.19%
Operating Profit	-$40.04M	$10.94M	$14.26M
YoY Change	-465.93%
Interest Expense	$1.049M	$4.048M	-$5.781M
YoY Change	-74.09%
% of Operating Profit		37.0%	-40.54%
Other Income/Expense, Net	-$1.049M	$0.00	$0.00
YoY Change
Pretax Income	-$41.09M	$6.894M	$8.479M
YoY Change	-696.01%
Income Tax	-$629.0K	$151.0K	$1.527M
% Of Pretax Income		2.19%	18.01%
Net Earnings	-$40.46M	$6.743M	$62.27M
YoY Change	-700.03%	-135392.94%
Net Earnings / Revenue	-76.76%	4.57%	45.87%
Basic Earnings Per Share	-$0.36
Diluted Earnings Per Share	-$0.36	$82.54K	$762.2K
COMMON SHARES
Basic Shares Outstanding	82.21M shares
Diluted Shares Outstanding	82.21M shares

Balance Sheet

Concept	2022 Q1	2021 Q1	2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$42.18M	$320.0K	$843.6K
YoY Change	13080.63%
Cash & Equivalents	$36.83M	$30.85M	$843.6K
Short-Term Investments
Other Short-Term Assets	$19.36M	$170.0K	$209.8K
YoY Change	11290.0%
Inventory
Prepaid Expenses			$209.8K
Receivables	$99.98M
Other Receivables	$0.00
Total Short-Term Assets	$161.5M	$490.0K	$1.053M
YoY Change	32862.65%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.855M
YoY Change
Goodwill	$0.00		$44.82M
YoY Change
Intangibles	$568.7M
YoY Change
Long-Term Investments		$517.5M	$517.5M
YoY Change
Other Assets	$808.0K
YoY Change
Total Long-Term Assets	$1.499B	$517.5M	$517.5M
YoY Change	189.75%
TOTAL ASSETS
Total Short-Term Assets	$161.5M	$490.0K	$1.053M
Total Long-Term Assets	$1.499B	$517.5M	$517.5M
Total Assets	$1.661B	$518.0M	$518.6M
YoY Change	220.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$76.00M
YoY Change
Accrued Expenses	$17.39M	$1.770M	$613.1K
YoY Change	882.54%
Deferred Revenue	$64.81M
YoY Change
Short-Term Debt	$0.00		$0.00
YoY Change
Long-Term Debt Due	$14.82M
YoY Change
Total Short-Term Liabilities	$225.2M	$1.770M	$613.1K
YoY Change	12625.76%
LONG-TERM LIABILITIES
Long-Term Debt	$409.8M		$0.00
YoY Change
Other Long-Term Liabilities	$5.804M	$59.50M	$81.77M
YoY Change	-90.25%
Total Long-Term Liabilities	$5.804M	$59.50M	$81.77M
YoY Change	-90.25%
TOTAL LIABILITIES
Total Short-Term Liabilities	$225.2M	$1.770M	$613.1K
Total Long-Term Liabilities	$5.804M	$59.50M	$81.77M
Total Liabilities	$831.3M	$61.26M	$82.39M
YoY Change	1256.96%
SHAREHOLDERS EQUITY
Retained Earnings	-$89.18M	-$60.78M	-$81.33M
YoY Change	46.73%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$639.3M	-$60.77M	-$81.33M
YoY Change
Total Liabilities & Shareholders Equity	$1.661B	$518.0M	$518.6M
YoY Change	220.66%

Cashflow Statement

Concept	2022 Q1	2021 Q1	2020 Q4
OPERATING ACTIVITIES
Net Income	-$40.46M	$6.743M	$62.27M
YoY Change	-700.03%	-135392.94%
Depreciation, Depletion And Amortization	$16.00K	$81.00K	$13.83M
YoY Change	-80.25%
Cash From Operating Activities	-$10.49M	$10.13M	$46.90M
YoY Change	-203.57%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00	-$6.131M
YoY Change
Acquisitions	$0.00	$0.00
YoY Change
Other Investing Activities	-$426.6M	$0.00	$591.8M
YoY Change
Cash From Investing Activities	-$441.0K	-$1.440M	$585.7M
YoY Change	-69.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00	$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$0.00	-$6.603M	-646.8M
YoY Change	-100.0%
NET CHANGE
Cash From Operating Activities	-$10.49M	$10.13M	46.90M
Cash From Investing Activities	-$441.0K	-$1.440M	585.7M
Cash From Financing Activities	$0.00	-$6.603M	-646.8M
Net Change In Cash	-$11.06M	$1.840M	-14.25M
YoY Change	-701.25%
FREE CASH FLOW
Cash From Operating Activities	-$10.49M	$10.13M	$46.90M
Capital Expenditures	$0.00	$0.00	-$6.131M
Free Cash Flow	-$10.49M	$10.13M	$53.03M
YoY Change	-203.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001805833
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-39331
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	System1, Inc.
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	98-1531250
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	4235 Redwood Avenue
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Marina Del Rey
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	90066
CY2022Q1	dei	City Area Code CityAreaCode	310
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	924-6037
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2022Q1	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2022Q1	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	90566172	shares
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	42178000	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	47896000	USD
CY2022Q1	us-gaap	Restricted Cash Current RestrictedCashCurrent	4895000	USD
CY2021Q4	us-gaap	Restricted Cash Current RestrictedCashCurrent	0	USD
CY2022Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	99976000	USD
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CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2855000	USD
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CY2022Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	80000	USD
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CY2022Q1	us-gaap	Profit Loss ProfitLoss	-40460000	USD
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	87000	USD
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	27698000	USD
CY2022Q1	us-gaap	Partners Capital PartnersCapital	-41076000	USD
CY2020Q4	us-gaap	Partners Capital PartnersCapital	-48229000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	6743000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	441000	USD
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	146000	USD
CY2021Q1	us-gaap	Partners Capital Account Contributions PartnersCapitalAccountContributions	147000	USD
CY2021Q1	us-gaap	Partners Capital PartnersCapital	-40752000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-38059000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-40460000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	6743000	USD
CY2022Q1	sst	Depreciation Depletion And Amortization Excluding Debt Issuance Costs DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts	23311000	USD
CY2022Q1	sst	Depreciation Depletion And Amortization Excluding Debt Issuance Costs DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts	1000000	USD
CY2021Q1	sst	Depreciation Depletion And Amortization Excluding Debt Issuance Costs DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts	3689000	USD
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	27167000	USD
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	27698000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	146000	USD
CY2022Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	911000	USD
CY2022Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	0	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	565000	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	283000	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	115000	USD
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	0	USD
CY2022Q1	sst	Write Down Of Internal Use Software Development Costs WriteDownOfInternalUseSoftwareDevelopmentCosts	676000	USD
CY2022Q1	sst	Write Down Of Internal Use Software Development Costs WriteDownOfInternalUseSoftwareDevelopmentCosts	0	USD
CY2021Q1	sst	Write Down Of Internal Use Software Development Costs WriteDownOfInternalUseSoftwareDevelopmentCosts	255000	USD
CY2022Q1	sst	Contingent Consideration Liability Write Down ContingentConsiderationLiabilityWriteDown	0	USD
CY2022Q1	sst	Contingent Consideration Liability Write Down ContingentConsiderationLiabilityWriteDown	0	USD
CY2021Q1	sst	Contingent Consideration Liability Write Down ContingentConsiderationLiabilityWriteDown	63000	USD
CY2022Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	1000	USD
CY2022Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	-9000	USD
CY2021Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	1412000	USD
CY2022Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	13761000	USD
CY2022Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	0	USD
CY2021Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	0	USD
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-17141000	USD
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-816000	USD
CY2021Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-274000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	14522000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-11118000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	4471000	USD
CY2022Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	0	USD
CY2022Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	0	USD
CY2021Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	252000	USD
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	9920000	USD
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-905000	USD
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1029000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	66170000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-67600000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	5306000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-171340000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	57170000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-958000	USD
CY2022Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	3654000	USD
CY2022Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	311000	USD
CY2021Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	164000	USD
CY2022Q1	sst	Increase Decrease In Long Term Earn Out Liabilities IncreaseDecreaseInLongTermEarnOutLiabilities	0	USD
CY2022Q1	sst	Increase Decrease In Long Term Earn Out Liabilities IncreaseDecreaseInLongTermEarnOutLiabilities	0	USD
CY2021Q1	sst	Increase Decrease In Long Term Earn Out Liabilities IncreaseDecreaseInLongTermEarnOutLiabilities	27000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	88832000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	78000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-1204000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-26216000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-10490000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	10128000	USD
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1373000	USD
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	0	USD
CY2022Q1	us-gaap	Payments For Software PaymentsForSoftware	922000	USD
CY2022Q1	us-gaap	Payments For Software PaymentsForSoftware	441000	USD
CY2021Q1	us-gaap	Payments For Software PaymentsForSoftware	1440000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	0	USD
CY2022Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	426555000	USD
CY2022Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2021Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-428850000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-441000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1440000	USD
CY2022Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	449000000	USD
CY2022Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	USD
CY2021Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	USD
CY2022Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	172488000	USD
CY2022Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	0	USD
CY2021Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	0	USD
CY2022Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	261000	USD
CY2022Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	USD
CY2022Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	USD
CY2021Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1750000	USD
CY2022Q1	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital	0	USD
CY2022Q1	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital	0	USD
CY2021Q1	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital	147000	USD
CY2022Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	24423000	USD
CY2022Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2021Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	510469000	USD
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2022Q1	sst	Proceeds From Backstop ProceedsFromBackstop	246484000	USD
CY2022Q1	sst	Proceeds From Backstop ProceedsFromBackstop	0	USD
CY2021Q1	sst	Proceeds From Backstop ProceedsFromBackstop	0	USD
CY2022Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	0	USD
CY2022Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	0	USD
CY2021Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	5000000	USD
CY2022Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	247000	USD
CY2022Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	0	USD
CY2021Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	0	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-12143000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6603000	USD
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-237000	USD
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-132000	USD
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-245000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-467446000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-11063000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1840000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	517553000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48639000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	37576000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	29013000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	50107000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	30853000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	42178000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	36833000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30853000	USD
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	7929000	USD
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	743000	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	0	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	50107000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	37576000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	30853000	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	932000	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	0	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	3762000	USD
CY2022Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	241000	USD
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	518000	USD
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	USD
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	7987000	USD
CY2021Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	USD
CY2022Q1	us-gaap	Nature Of Operations NatureOfOperations	ORGANIZATION AND DESCRIPTION OF BUSINESS<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">System1, Inc. and subsidiaries (“System1”, or the “Company”, f/k/a Trebia Acquisition Corp.) operates an omnichannel customer acquisition platform, delivering high-intent customers to advertisers and sells antivirus software packages to end user customers. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company provides its omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform, or RAMP. Operating seamlessly across major advertising networks and advertising category verticals to acquire users on its behalf, RAMP allows the Company to monetize such users through its relationships with third party advertisers and advertising networks, which the Company refers to as its “Advertising Partners”. RAMP also allows third party advertising platforms and publishers, which the Company refers to as its “Network Partners”, to send user traffic to, and monetize user traffic on, the Company’s owned and operated websites. RAMP operates across the Company’s network of owned and operated websites and related products, allowing the Company to monetize user traffic that the Company sources from various acquisition marketing channels, including Google, Facebook, Taboola, Snapchat and TikTok.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company, through Protected.net, also provides antivirus software solutions to its customers, offering its customers a single packaged solution that provides protection and reporting to the end user. The Company delivers its antivirus software solutions directly to end-user customers across the world. The antivirus software solutions product offering comprises a core security package with varying levels of extra protection based on a customer's specific needs.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s primary operations are in the United States; however, the Company also has operations in Canada, the United Kingdom, and the Netherlands. Operations outside the United States are subject to risks inherent in operating under different legal systems and various political and economic environments. Among these risks are changes in existing tax laws, possible limitations on foreign investment and income repatriation, government foreign exchange controls, and exposure to currency exchange fluctuations. The Company does not engage in hedging activities to mitigate its exposure to fluctuations in foreign currency exchange rates. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the purposes of the condensed consolidated financial statements, periods on or before January 26, 2022 reflect the financial position, results of operations and cash flows of S1 Holdco and its consolidated subsidiaries prior to the Merger transaction (as defined in Note 3), referred to herein as the “Predecessor,” and periods beginning on or after January 27, 2022 reflect the financial position, results of operations and cash flows of the Company and its consolidated subsidiaries as a result of the Merger transaction, referred to herein as the “Successor”. </span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue attributable to the United States represents 98%, 81% and 98% of total revenue for the period </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> January 1, 2022 through January 26, 2022 (Predecessor), the period from January 27, 2022 through March 31, 2022 (Successor) and the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">three months ended March 31 2021 (Predecessor), respectively, and long-lived assets attributable to the United States and Canada represent 84% and 11% of total long-lived assets as of </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">March 31, 2022 (Successor)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, respectively, </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">99% and 1% of total long-lived assets as of </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">December 31, 2021 (Predecessor)</span>, respectively.
CY2022Q1	sst	Number Of Advertising Partners NumberOfAdvertisingPartners	2	partner
CY2021Q3	sst	Paid Search Advertising Partnership Contract Term PaidSearchAdvertisingPartnershipContractTerm	P2Y
CY2022Q1	sst	Number Of Paid Search Advertising Partnership Contract NumberOfPaidSearchAdvertisingPartnershipContract	3	agreement
CY2022Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-align:justify"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to, valuation of goodwill, acquired intangible assets and long-lived assets for impairment, inputs into the valuation of the Company’s share-based compensation awards, income taxes, variable and contingent consideration and determination of the fair value of the warrant liabilities. Significant estimates affecting the condensed consolidated financial statements have been prepared on the basis of the most current and best available information, including historical experience, known trends and other market-specific or other relevant factors that the Company believes to be reasonable. On an ongoing basis, management evaluates its estimates, as there are changes in circumstances, facts and experience. Changes in estimates are recorded in periods which they become known. However, actual results from the resolution of such estimates and assumptions may vary from those used in the preparation of the condensed consolidated financial statements. The full extent to which the COVID-19 pandemic will directly or indirectly impact the Company’s business, results of operations and financial condition will depend on future developments that are highly uncertain.</span></div>
CY2022Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	1534000	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2022Q1	us-gaap	Accounts Receivable Noncurrent Threshold Period Past Due AccountsReceivableNoncurrentThresholdPeriodPastDue	P30D
CY2022Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="text-align:justify"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Concentration of Credit Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to credit risk consist principally of cash and accounts receivable. Cash is deposited with high-credit-quality financial institutions and, at times, such balances with any one financial institution may exceed the insurance limits of the prevailing regulatory body. Historically, the Company has not experienced any losses related to these cash balances and believes that there is minimal risk of expected future losses. However, there can be no assurance that there will not be losses on these deposits.</span></div>Accounts receivable are primarily derived from Advertising Partners located inside the United States.
CY2021Q4	sst	Capitalized Computer Software In Progress CapitalizedComputerSoftwareInProgress	2540000	USD
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	7929000	USD
CY2021Q4	us-gaap	Restricted Cash RestrictedCash	743000	USD
CY2022Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2021Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2022Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	27167000	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	146000	USD
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2021Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
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CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	27698000	USD
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CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	6786000	USD
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CY2022Q1	us-gaap	Goodwill Goodwill	0	USD
CY2022Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	355000	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	629000	USD
CY2022Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	235983000	USD
CY2021Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	193201000	USD
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CY2021Q1	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	88746000	USD
CY2022Q1	sst	Capitalized Computer Software In Progress CapitalizedComputerSoftwareInProgress	3052000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2947000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1866000	USD
CY2022Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	92000	USD
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1036000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2855000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	830000	USD
CY2022Q1	us-gaap	Depreciation Depreciation	16000	USD
CY2022Q1	us-gaap	Depreciation Depreciation	119000	USD
CY2021Q1	us-gaap	Depreciation Depreciation	81000	USD
CY2020Q4	us-gaap	Goodwill Goodwill	44820000	USD
CY2021	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
CY2021Q4	us-gaap	Goodwill Goodwill	44820000	USD
CY2022Q1	us-gaap	Goodwill Goodwill	0	USD
CY2022Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	907009000	USD
CY2022Q1	us-gaap	Goodwill Goodwill	907009000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	590339000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	21664000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	568675000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	82005000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	31637000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	50368000	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	21658000	USD
CY2021Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	1324000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2284000	USD
CY2022Q1	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0	USD
CY2022Q1	us-gaap	Capitalized Computer Software Impairments1 CapitalizedComputerSoftwareImpairments1	0	USD
CY2022Q1	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0	USD
CY2021Q1	us-gaap	Capitalized Computer Software Impairments1 CapitalizedComputerSoftwareImpairments1	0	USD
CY2021Q1	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0	USD
CY2022Q1	us-gaap	Capitalized Computer Software Impairments1 CapitalizedComputerSoftwareImpairments1	0	USD
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1543000	USD
CY2022Q1	sst	Vat Tax Liability Current VATTaxLiabilityCurrent	11063000	USD
CY2022Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	34000	USD
CY2022Q1	sst	Former Ceo Profit Interest Current FormerCEOProfitInterestCurrent	0	USD
CY2021Q4	sst	Former Ceo Profit Interest Current FormerCEOProfitInterestCurrent	11132000	USD
CY2022Q1	us-gaap	Due To Employees Current DueToEmployeesCurrent	6754000	USD
CY2021Q4	us-gaap	Due To Employees Current DueToEmployeesCurrent	10091000	USD
CY2022Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	5377000	USD
CY2021Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	6242000	USD
CY2022Q1	us-gaap	Accrued Marketing Costs Current AccruedMarketingCostsCurrent	5552000	USD
CY2021Q4	us-gaap	Accrued Marketing Costs Current AccruedMarketingCostsCurrent	0	USD
CY2022Q1	sst	Holdback Liability Current HoldbackLiabilityCurrent	21013000	USD
CY2021Q4	sst	Holdback Liability Current HoldbackLiabilityCurrent	0	USD
CY2022Q1	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	2051000	USD
CY2021Q4	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	1682000	USD
CY2022Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	12460000	USD
CY2021Q4	sst	Vat Tax Liability Current VATTaxLiabilityCurrent	0	USD
CY2022Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	3365000	USD
CY2021Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	361000	USD
CY2022Q1	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	0	USD
CY2021Q4	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	233000	USD
CY2022Q1	sst	Accrued Expenses And Other Liabilities Current AccruedExpensesAndOtherLiabilitiesCurrent	67635000	USD
CY2021Q4	sst	Accrued Expenses And Other Liabilities Current AccruedExpensesAndOtherLiabilitiesCurrent	31284000	USD
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	1889000	USD
CY2021	sst	Contract With Customer Liability Additions ContractWithCustomerLiabilityAdditions	5116000	USD
CY2021	sst	Contract With Customer Liability Revenue Recognized Increase Decrease ContractWithCustomerLiabilityRevenueRecognizedIncreaseDecrease	-5034000	USD
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	1971000	USD
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	1971000	USD
CY2022Q1	sst	Contract With Customer Liability Additions ContractWithCustomerLiabilityAdditions	620000	USD
CY2022Q1	sst	Contract With Customer Liability Revenue Recognized Increase Decrease ContractWithCustomerLiabilityRevenueRecognizedIncreaseDecrease	-309000	USD
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	2282000	USD
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	0	USD
CY2022Q1	sst	Contract With Customer Liability Additions ContractWithCustomerLiabilityAdditions	94254000	USD
CY2022Q1	sst	Contract With Customer Liability Revenue Recognized Increase Decrease ContractWithCustomerLiabilityRevenueRecognizedIncreaseDecrease	-29444000	USD
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	64810000	USD
CY2022Q1	us-gaap	Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination	61156000	USD
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	0	USD
CY2022Q1	us-gaap	Deferred Revenue DeferredRevenue	309000	USD
CY2021Q1	us-gaap	Deferred Revenue DeferredRevenue	1889000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	151000	USD
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.0153
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.2992
CY2021Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.0219
CY2022Q1	sst	Hold Back Liability HoldBackLiability	5600000	USD
CY2021Q4	sst	Hold Back Liability HoldBackLiability	0	USD
CY2022Q1	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	0	USD
CY2021Q4	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	969000	USD
CY2022Q1	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	204000	USD
CY2021Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	0	USD
CY2022Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	5804000	USD
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	969000	USD
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-629000	USD
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-16252000	USD
CY2022Q1	sst	Adjustment To Additional Paid In Capital Tax Effect AdjustmentToAdditionalPaidInCapitalTaxEffect	6752000	USD
CY2021Q1	sst	Initial Minimum Lease Payment Per Month InitialMinimumLeasePaymentPerMonth	147000	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	6786000	USD
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	7987000	USD
CY2022Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	397000	USD
CY2022Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	142000	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	6388000	USD
CY2022Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1895000	USD
CY2022Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	5645000	USD
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	7540000	USD
CY2022Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y4M24D
CY2022Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.048
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1649000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	2253000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	2320000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1975000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	8197000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	657000	USD
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	7540000	USD
CY2021Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	491000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	30000000	USD
CY2022Q1	sst	Long Term Debt Maturity After Year Four LongTermDebtMaturityAfterYearFour	344000000	USD
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	1957000	USD
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1950000	USD
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1950000	USD
CY2021Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1663000	USD
CY2021Q2	us-gaap	Contractual Obligation Due In Next Twelve Months ContractualObligationDueInNextTwelveMonths	6900000	USD
CY2021Q2	us-gaap	Contractual Obligation Due In Second Year ContractualObligationDueInSecondYear	8000000	USD
CY2022Q1	sst	Payment Of Service Provider Expenses PaymentOfServiceProviderExpenses	5776000	USD
CY2022Q1	sst	Payment Of Service Provider Expenses PaymentOfServiceProviderExpenses	616000	USD
CY2022Q1	sst	Payment Of Service Provider Expenses PaymentOfServiceProviderExpenses	934000	USD
CY2021	sst	Debt Instrument Payment Of Excess Free Cash Flow Percentage DebtInstrumentPaymentOfExcessFreeCashFlowPercentage	0.50
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	15000000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	20000000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	20000000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	20000000	USD
CY2022Q1	us-gaap	Debt Instrument Fee Amount DebtInstrumentFeeAmount	1265000	USD
CY2022Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	2492000	USD
CY2022Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	4776000	USD
CY2021Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	4286000	USD
CY2022Q1	us-gaap	Warrants And Rights Outstanding Term WarrantsAndRightsOutstandingTerm	P5Y
CY2022Q1	sst	Multiplier Used In Calculating Warrant Exercise Price MultiplierUsedInCalculatingWarrantExercisePrice	0.361
CY2022Q1	sst	Common Stock Trading Days On Which Fair Market Value Of Shares Is Reported CommonStockTradingDaysOnWhichFairMarketValueOfSharesIsReported	10	business_day
CY2022Q1	sst	Threshold Period For Not To Transfer Assign Or Sell Any Shares Or Warrants After Completion Of Initial Business Combination ThresholdPeriodForNotToTransferAssignOrSellAnySharesOrWarrantsAfterCompletionOfInitialBusinessCombination	P30D
CY2021Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	20488000	shares
CY2021Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	20488000	shares
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.36
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.36
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-29991000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	82210000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	82210000	shares
CY2022Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	-1.97
CY2022Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	-1.97
CY2021Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	0.33
CY2021Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	0.33
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-40460000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	6743000	USD
CY2022Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	20488000	shares
CY2022Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	20488000	shares
CY2022Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	segment
CY2022Q1	sst	Combined Number Of Segments CombinedNumberOfSegments	1	segment
CY2022Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2022Q1	us-gaap	Assets Assets	1660990000	USD
CY2021Q4	us-gaap	Assets Assets	256911000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	166108000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	52712000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	147561000	USD
CY2022Q1	sst	Adjusted Gross Margin AdjustedGrossMargin	53414000	USD
CY2022Q1	sst	Adjusted Gross Margin AdjustedGrossMargin	12231000	USD
CY2021Q1	sst	Adjusted Gross Margin AdjustedGrossMargin	40263000	USD
CY2022Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	7437000	USD
CY2022Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	1279000	USD
CY2021Q1	us-gaap	Other Cost Of Operating Revenue OtherCostOfOperatingRevenue	3487000	USD
CY2022Q1	sst	Salaries Commissions And Benefits SalariesCommissionsAndBenefits	43459000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	6894000	USD
CY2022Q1	sst	Salaries Commissions And Benefits SalariesCommissionsAndBenefits	35175000	USD
CY2021Q1	sst	Salaries Commissions And Benefits SalariesCommissionsAndBenefits	15195000	USD
CY2022Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	14981000	USD
CY2022Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	14817000	USD
CY2021Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6950000	USD
CY2022Q1	sst	Depreciation Depletion And Amortization Excluding Debt Issuance Costs DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts	23311000	USD
CY2022Q1	sst	Depreciation Depletion And Amortization Excluding Debt Issuance Costs DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts	1000000	USD
CY2021Q1	sst	Depreciation Depletion And Amortization Excluding Debt Issuance Costs DepreciationDepletionAndAmortizationExcludingDebtIssuanceCosts	3689000	USD
CY2022Q1	us-gaap	Interest Expense InterestExpense	4776000	USD
CY2022Q1	us-gaap	Interest Expense InterestExpense	1049000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	4048000	USD
CY2022Q1	sst	Gain Loss On Warrant Fair Value GainLossOnWarrantFairValue	-13761000	USD
CY2022Q1	sst	Gain Loss On Warrant Fair Value GainLossOnWarrantFairValue	0	USD
CY2021Q1	sst	Gain Loss On Warrant Fair Value GainLossOnWarrantFairValue	0	USD
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-54311000	USD
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-41089000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	166108000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	52712000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	147561000	USD
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	27167000	USD
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.016
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.500
CY2022Q1	sst	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Cost Of Equity ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsCostOfEquity	0.236
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
CY2022Q1	us-gaap	Share Price SharePrice	10.00

Files In Submission

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2022 Q1 Form 10-Q Financial Statement

#000180583322000014 Filed on May 19, 2022

Income Statement

Balance Sheet

Cashflow Statement

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$SST System1, Inc. Stock $sst

2022 Q1 Form 10-Q Financial Statement

#000180583322000014 Filed on May 19, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SST
System1, Inc. Stock $sst