System1, Inc. — Income Charts
2 years of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Revenue, Gross Profit, Operating Income & Net Income
Margin (%)
Operating Expenses
Income Breakdown
Revenue
$266M
Cost of Revenue
$166M
SG&A
$70M
D&A
$600K
Operating Income
$-62M
EBITDA
$-61M
Interest Expense
$28M
Other Income/Expense
$6M
Pretax Income
$-84M
Tax Provision
$-3M
Net Income
$-65M
Operating Margin
-23.3%
Net Margin
-24.6%
Effective Tax Rate
3.4%
Deferred Tax Assets
$917K
Deferred Tax Liabilities
$4M
DTA Valuation Allowance
$46M
Tax Credit Carryforwards
$5M
NOL Carryforwards
$16M
ETR (Continuing Operations)
3.4%
ETR Federal Statutory
21.0%
ETR State + Local (pp)
0.0%
ETR Foreign Differential (pp)
1.5%
Operating Lease Cost
$2M
Revenue YoY Variation
-22.6%
Income YoY Variation
30.0%