System1, Inc. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+145.8% +$15M
$24M
Free Cash Flow↓-100.0% -$772K
$0
Investing Cash Flow↑+4.6% +$74K
$-2M
Financing Cash Flow
$44M
Capex
$0
Acquisitions
—
Stock Buybacks
$557K
Stock-Based Comp↓-71.8% -$3M
$1M
Debt Issued
$50M
Debt Repaid↑+0.0% +$0
$5M
D&A↓-78.9% -$300K
$80K
SBC Allocated Expense↓-71.8% -$3M
$1M