SST: System1 Inc Financial Statements
Balance sheet, income statement, and cash flow statements for System1 Inc (SST).
$82.56M Market Cap.
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 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%) |
