SST Financial Statements

Balance sheet, income statement, cash flow, and dividends for System1 Inc (SST).


$82.56M Market Cap.

As of 03/10/2025 5:00 PM ET (MRY) • Disclaimer

SST Market Cap. (MRY)


SST Shares Outstanding (MRY)


SST Assets (MRY)


Total Assets

$459.13M

Total Liabilities

$374.13M

Total Investments

$371.00K

SST Income (MRY)


Revenue

$343.93M

Net Income

-$74.67M

Operating Expense

$240.97M

SST Cash Flow (MRY)


CF Operations

-$5.25M

CF Investing

-$6.25M

CF Financing

-$63.96M

SST Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

0%

-

0%

-

SST Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$459,129,000 (-24.17%)

$605,470,000 (-47.82%)

$1,160,446,000 (351.69%)

$256,911,000 (17.48%)

Assets Current

$134,477,000 (-33.43%)

$202,003,000 (59.68%)

$126,508,000 (-13.22%)

$145,788,000 (41.31%)

Assets Non-Current

$324,652,000 (-19.53%)

$403,467,000 (-60.98%)

$1,033,938,000 (830.44%)

$111,123,000 (-3.80%)

Goodwill & Intangible Assets

$319,184,000 (-18.33%)

$390,833,000 (-15.22%)

$461,016,000 (333.28%)

$106,401,000 (-6.25%)

Shareholders Equity

$80,264,000 (-40.67%)

$135,278,000 (-64.77%)

$383,980,000 (1451.99%)

-$28,401,000 (41.11%)

Property Plant & Equipment Net

$4,748,000 (-39.25%)

$7,816,000 (-18.97%)

$9,646,000 (1062.17%)

$830,000 (-21.48%)

Cash & Equivalents

$67,577,000 (-51.44%)

$139,156,000 (851.69%)

$14,622,000 (-69.94%)

$48,639,000 (67.65%)

Accumulated Other Comprehensive Income

-$443,000 (-144.75%)

-$181,000 (56.59%)

-$417,000 (-197.43%)

$428,000 (224.78%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$371,000 (-91.36%)

$4,294,000 (-20.41%)

$5,395,000 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$371,000 (-91.36%)

$4,294,000 (-20.41%)

$5,395,000 (0%)

$0 (0%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$62,916,000 (12.16%)

$56,093,000 (-30.26%)

$80,428,000 (-13.21%)

$92,672,000 (28.52%)

Trade & Non-Trade Payables

$10,401,000 (9.50%)

$9,499,000 (41.63%)

$6,707,000 (-90.79%)

$72,846,000 (39.81%)

Accumulated Retained Earnings (Deficit)

-$782,335,000 (-10.55%)

-$707,662,000 (-58.92%)

-$445,301,000

-

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$6,199,000 (-25.38%)

$8,307,000 (-70.39%)

$28,059,000 (0%)

$0 (0%)

Total Debt

$274,977,000 (-22.63%)

$355,418,000 (-15.89%)

$422,549,000 (147.90%)

$170,453,000 (-5.29%)

Debt Current

$18,494,000 (5.06%)

$17,604,000 (2.53%)

$17,170,000 (-89.93%)

$170,453,000 (1718.36%)

Debt Non-Current

$256,483,000 (-24.08%)

$337,814,000 (-16.67%)

$405,379,000 (0%)

$0 (0%)

Total Liabilities

$374,133,000 (-14.22%)

$436,155,000 (-36.57%)

$687,658,000 (141.02%)

$285,312,000 (6.89%)

Liabilities Current

$105,095,000 (21.61%)

$86,417,000 (-58.90%)

$210,285,000 (-23.96%)

$276,554,000 (243.47%)

Liabilities Non-Current

$269,038,000 (-23.07%)

$349,738,000 (-26.74%)

$477,373,000 (5350.71%)

$8,758,000 (-95.30%)

SST Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$343,925,000 (-14.44%)

$401,971,000 (-48.06%)

$773,940,000 (12.43%)

$688,389,000 (44.63%)

Cost of Revenue

$191,561,000 (-22.99%)

$248,745,000 (-53.83%)

$538,779,000 (3.39%)

$521,113,000 (52.82%)

Selling General & Administrative Expense

$160,858,000 (0.03%)

$160,812,000 (-37.78%)

$258,454,000 (152.00%)

$102,560,000 (30.60%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$240,965,000 (0.73%)

$239,215,000 (-67.82%)

$743,415,000 (538.43%)

$116,445,000 (26.08%)

Interest Expense

$31,562,000 (-35.25%)

$48,745,000 (52.09%)

$32,050,000 (89.98%)

$16,870,000 (-30.72%)

Income Tax Expense

-$370,000 (98.18%)

-$20,371,000 (80.02%)

-$101,976,000 (-10667.46%)

$965,000 (-49.40%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$97,298,000 (65.93%)

-$285,585,000 (35.40%)

-$442,079,000 (-1439.80%)

$32,996,000 (-48.25%)

Net Income to Non-Controlling Interests

-$22,625,000 (61.23%)

-$58,364,000 (44.77%)

-$105,682,000 (0%)

$0 (0%)

Net Income

-$74,673,000 (67.14%)

-$227,221,000 (32.45%)

-$336,397,000 (-1119.51%)

$32,996,000 (-48.25%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$74,673,000 (67.14%)

-$227,221,000 (32.45%)

-$336,397,000 (-1119.51%)

$32,996,000 (-48.25%)

Weighted Average Shares

$69,554,000 (-23.95%)

$91,454,000 (2.47%)

$89,251,000 (335.63%)

$20,488,000 (0.00%)

Weighted Average Shares Diluted

$69,554,000 (-23.95%)

$91,454,000 (2.47%)

$89,251,000 (335.63%)

$20,488,000 (0.00%)

Earning Before Interest & Taxes (EBIT)

-$43,481,000 (78.13%)

-$198,847,000 (51.06%)

-$406,323,000 (-899.36%)

$50,831,000 (-43.53%)

Gross Profit

$152,364,000 (-0.56%)

$153,226,000 (-34.84%)

$235,161,000 (40.58%)

$167,276,000 (23.93%)

Operating Income

-$88,601,000 (-3.04%)

-$85,989,000 (83.08%)

-$508,254,000 (-1099.89%)

$50,831,000 (19.26%)

SST Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$6,255,000 (-103.08%)

$203,179,000 (144.75%)

-$454,009,000 (-6847.35%)

-$6,535,000 (-109.59%)

Net Cash Flow from Financing

-$63,961,000 (13.65%)

-$74,072,000 (-167.13%)

-$27,729,000 (19.82%)

-$34,585,000 (73.00%)

Net Cash Flow from Operations

-$5,255,000 (78.76%)

-$24,742,000 (-845.91%)

$3,317,000 (-94.54%)

$60,705,000 (30.42%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$75,502,000 (-172.34%)

$104,375,000 (121.81%)

-$478,478,000 (-2537.98%)

$19,626,000 (242.09%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$211,139,000 (147.55%)

-$444,074,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$6,255,000 (21.42%)

-$7,960,000 (19.88%)

-$9,935,000 (-52.03%)

-$6,535,000 (-6.59%)

Issuance (Repayment) of Debt Securities

-$61,786,000 (10.43%)

-$68,977,000 (-129.02%)

$237,667,000 (1909.28%)

-$13,136,000 (83.22%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

-$506,564,000 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

-$97,000 (93.58%)

-$1,511,000 (89.64%)

-$14,579,000 (18.00%)

Effect of Exchange Rate Changes on Cash

-$31,000 (-410.00%)

$10,000 (117.54%)

-$57,000 (-239.02%)

$41,000 (109.11%)

Share Based Compensation

$33,712,000 (-36.49%)

$53,085,000 (-50.36%)

$106,943,000 (25794.19%)

$413,000 (-65.35%)

Depreciation Amortization & Accretion

$82,098,000 (-23.19%)

$106,888,000 (-11.06%)

$120,184,000 (765.57%)

$13,885,000 (0.38%)

SST Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

44.30% (16.27%)

38.10% (25.33%)

30.40% (25.10%)

24.30% (-14.44%)

Profit Margin

-21.70% (61.59%)

-56.50% (-29.89%)

-43.50% (-1006.25%)

4.80% (-64.18%)

EBITDA Margin

11.20% (148.91%)

-22.90% (38.11%)

-37.00% (-493.62%)

9.40% (-56.88%)

Return on Average Equity (ROAE)

-72.50% (18.45%)

-88.90% (-37.19%)

-64.80% (11.84%)

-73.50% (88.99%)

Return on Average Assets (ROAA)

-15.20% (37.96%)

-24.50% (-2.51%)

-23.90% (-377.91%)

8.60% (-57.64%)

Return on Sales (ROS)

-12.60% (74.55%)

-49.50% (5.71%)

-52.50% (-809.46%)

7.40% (-60.85%)

Return on Invested Capital (ROIC)

-16.80% (65.07%)

-48.10% (43.68%)

-85.40% (-535.71%)

19.60% (-34.23%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-0.84 (6.15%)

-0.9 (28.05%)

-1.24 (-120.11%)

6.19 (78.32%)

Price to Sales Ratio (P/S)

0.18 (-63.96%)

0.51 (-6.65%)

0.54 (82.77%)

0.3 (-36.21%)

Price to Book Ratio (P/B)

1.03 (-45.90%)

1.9 (37.53%)

1.38 (103.68%)

-37.6 (-159.83%)

Debt to Equity Ratio (D/E)

4.66 (44.57%)

3.22 (80.01%)

1.79 (117.83%)

-10.05 (-81.53%)

Earnings Per Share (EPS)

-1.07 (56.85%)

-2.48 (34.22%)

-3.77 (-334.16%)

1.61 (-48.23%)

Sales Per Share (SPS)

4.95 (12.51%)

4.39 (-49.31%)

8.67 (-74.19%)

33.6 (44.63%)

Free Cash Flow Per Share (FCFPS)

-0.17 (53.91%)

-0.36 (-383.78%)

-0.07 (-102.80%)

2.64 (34.01%)

Book Value Per Share (BVPS)

1.15 (-21.97%)

1.48 (-65.62%)

4.3 (410.39%)

-1.39 (41.12%)

Tangible Assets Book Value Per Share (TABVPS)

2.01 (-14.27%)

2.35 (-70.05%)

7.84 (6.68%)

7.35 (43.09%)

Enterprise Value Over EBIT (EV/EBIT)

-7 (-133.33%)

-3 (-50.00%)

-2 (-108.33%)

24 (200.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

7.49 (204.48%)

-7.16 (-123.46%)

-3.21 (-117.24%)

18.6 (177.07%)

Asset Turnover

0.7 (61.20%)

0.43 (-21.13%)

0.55 (-69.42%)

1.79 (18.56%)

Current Ratio

1.28 (-45.25%)

2.34 (288.37%)

0.6 (14.23%)

0.53 (-58.86%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$11,510,000 (64.80%)

-$32,702,000 (-394.14%)

-$6,618,000 (-112.22%)

$54,170,000 (34.03%)

Enterprise Value (EV)

$289,067,361 (-56.12%)

$658,829,827 (-28.18%)

$917,385,348 (-23.77%)

$1,203,521,373 (72.65%)

Earnings Before Tax (EBT)

-$75,043,000 (69.69%)

-$247,592,000 (43.52%)

-$438,373,000 (-1390.81%)

$33,961,000 (-48.28%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$38,617,000 (141.99%)

-$91,959,000 (67.86%)

-$286,139,000 (-542.15%)

$64,716,000 (-37.68%)

Invested Capital

$242,250,000 (-29.68%)

$344,482,000 (-61.60%)

$897,072,000 (21307.38%)

-$4,230,000 (-102.41%)

Working Capital

$29,382,000 (-74.58%)

$115,586,000 (237.97%)

-$83,777,000 (35.93%)

-$130,766,000 (-677.28%)

Tangible Asset Value

$139,945,000 (-34.80%)

$214,637,000 (-69.31%)

$699,430,000 (364.71%)

$150,510,000 (43.08%)

Market Capitalization

$82,563,361 (-67.92%)

$257,352,827 (-51.53%)

$530,921,348 (-50.29%)

$1,067,950,373 (53.01%)

Average Equity

$102,932,500 (-59.73%)

$255,584,500 (-50.76%)

$519,028,250 (1255.94%)

-$44,901,016 (-370.06%)

Average Assets

$492,709,250 (-46.96%)

$929,006,000 (-34.13%)

$1,410,402,000 (267.79%)

$383,477,920 (22.00%)

Invested Capital Average

$258,132,250 (-37.50%)

$412,984,000 (-13.23%)

$475,947,250 (83.56%)

$259,289,950 (-14.31%)

Shares

91,910,677 (-20.72%)

115,924,697 (2.40%)

113,202,846 (5.58%)

107,223,933 (65.76%)