System1, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
SST$1.730.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Stockholders' Equity
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)
| Class A Common Stock · Class C Common Stock · Treasury Stock, at cost | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-In-Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss | Non-Controlling Interest | Total Stockholders'Equity | |
| Balance at December 31, 2025 | 8,225 | $1 | 1,813 | $— | 137 | $(557) | $878,859 | $(847,679) | $(157) | $(13,048) | $17,419 |
| Net loss | — | — | — | — | — | — | — | (47,067) | — | (10,524) | (57,591) |
| Issuance of restricted stock, net of forfeitures and shares withheld for taxes | 77 | — | — | — | — | — | (27) | — | — | (17) | (44) |
| Class A common stock repurchases | — | — | — | — | 53 | (202) | — | — | — | — | (202) |
| Other comprehensive loss | — | — | — | — | — | — | — | — | (65) | (14) | (79) |
| Stock-based compensation | — | — | — | — | — | — | 1,470 | — | — | — | 1,470 |
| Contribution from members | — | — | — | — | — | — | — | — | — | 3 | 3 |
| Balance at March 31, 2026 | 8,302 | $1 | 1,813 | $— | 190 | $(759) | $880,302 | $(894,746) | $(222) | $(23,600) | $(39,024) |
| Net loss | — | — | — | — | — | — | — | (12,599) | — | (2,733) | (15,332) |
| Issuance of restricted stock, net of forfeitures and shares withheld for taxes | 70 | — | — | — | — | — | (17) | — | — | (9) | (26) |
| Conversion of Class C shares to Class A shares | 34 | — | (34) | — | — | — | — | — | — | — | — |
| Other comprehensive loss | — | — | — | — | — | — | — | — | (103) | (22) | (125) |
| Stock-based compensation | — | — | — | — | — | — | 1,470 | — | — | — | 1,470 |
| Contribution from members | — | — | — | — | — | — | — | — | — | 33 | 33 |
| Balance at June 30, 2026 | 8,406 | $1 | 1,779 | $— | 190 | $(759) | $881,755 | $(907,345) | $(325) | $(26,331) | $(53,004) |
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)
| Class A Common Stock · Class C Common Stock · Treasury Stock, at cost | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Shares | Amount | Additional Paid-In-Capital | Accumulated Deficit | Accumulated Other Comprehensive Loss | Non-Controlling Interest | Total Stockholders'Equity | |
| Balance at December 31, 2024 | 7,365 | $1 | 1,870 | $— | — | $— | $863,041 | $(782,335) | $(443) | $4,732 | $84,996 |
| Net loss | — | — | — | — | — | — | — | (15,883) | — | (3,973) | (19,856) |
| Issuance of restricted stock, net of forfeitures and shares withheld for taxes | 120 | — | — | — | — | — | 33 | — | — | (325) | (292) |
| Other comprehensive income | — | — | — | — | — | — | — | — | 11 | 2 | 13 |
| Stock-based compensation | — | — | — | — | — | — | 2,766 | — | — | 44 | 2,810 |
| Distribution to members | — | — | — | — | — | — | — | — | — | (12) | (12) |
| Balance at March 31, 2025 | 7,485 | $1 | 1,870 | $— | — | $— | $865,840 | $(798,218) | $(432) | $468 | $67,659 |
| Net loss | — | — | — | — | — | — | — | (17,463) | — | (4,079) | (21,542) |
| Issuance of restricted stock, net of forfeitures and shares withheld for taxes | 75 | — | — | — | — | — | 145 | — | — | (165) | (20) |
| Conversion of Class C shares to Class A shares | 1 | — | (1) | — | — | — | — | — | — | — | — |
| Issuance of common stock in private placement | 450 | — | — | — | — | — | 3,275 | — | — | (1,025) | 2,250 |
| Class A common stock repurchases | — | — | — | — | — | — | — | 1 | — | — | 1 |
| Other comprehensive income (loss) | — | — | — | — | — | — | — | — | 299 | 70 | 369 |
| Stock-based compensation | — | — | — | — | — | — | 4,748 | — | — | — | 4,748 |
| Distribution to members | — | — | — | — | — | — | — | — | — | (21) | (21) |
| Balance at June 30, 2025 | 8,011 | $1 | 1,869 | $— | — | $— | $874,008 | $(815,680) | $(133) | $(4,752) | $53,444 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.