System1 Inc
SSTIndustrials·Specialty Business Services·USA·Nano·NYSE·Nov 11 • 2:53 PM ET
1.74+0.01 (0.58%)
2026-11-11 21:04 CET
Market cap
15.07 USD m
Revenue, TTM
180.94 USD m
Net income, TTM
-91.67 USD m
Free cash flow, TTM
-40.86 USD m
EPS diluted, TTM
-11.33
P/E
-
Price
SST against its 20, 50 and 200-day averages2050200earnings
70.0% under the 52-week high of 5.80 on 1 Apr 2026. 52-week low 1.35 on 26 Mar 2026. Last 15 sessions, 38.8% high to low
Volume 0.02× normal · the line is the 50-bar volume average
Profile
SST52-week range, 9% of the way up
1.355.80
System1, Inc. engages in the development of a proprietary end-to-end responsive acquisition marketing platform. It also operates several flagship brands across multiple consumer verticals, including shopping, travel and search, and a best-in-class customer acquisition and marketing platform powered by Artificial Intelligence and machine learning. The company was founded by Michael Blend and Charles Ursini in 2013 and is headquartered in Los Angeles, CA.
| Employees | 250 |
|---|---|
| IPO | Aug 07, 2020 |
| Beta | 1.69 |
| ATR, 14d | 0.20 |
| Rel volume | 0.02 |
| Short float | 14.25% |
| Insider own | 76.00% |
| Inst own | 10.57% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 18.25M |
| Enterprise Value | 251.58M |
| Income | -91.67M |
| Sales | 180.94M |
| Book/sh | -3.17 |
| Cash/sh | 3.91 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 250 |
| IPO | Aug 07, 2020 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 0.10 |
| P/B | - |
| P/C | 0.45 |
| P/FCF | - |
| EV/EBITDA | 40.78 |
| EV/Sales | 1.39 |
| Quick Ratio | 0.77 |
| Current Ratio | 0.77 |
| Debt/Eq | - |
| LT Debt/Eq | - |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -11.33 |
|---|---|
| EPS next Y | -8.85 |
| EPS next Q | -1.30 |
| EPS this Y | - |
| EPS next Y | - |
| EPS next 5Y | 49.92% |
| EPS past 3/5Y | 40.79% -12.46% |
| Sales past 3/5Y | -26.31% - |
| EPS Y/Y TTM | -17.25% |
| Sales Y/Y TTM | -42.93% |
| EPS Q/Q | 30.89% |
| Sales Q/Q | -61.34% |
| Earnings | Aug 05 AMC |
| EPS/Sales Surpr. | - - |
Ownership
| Insider Own | 76.00% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 10.57% |
| Inst Trans | -10.16% |
| ROA | -25.44% |
| ROE | -581.58% |
| ROIC | -46.88% |
| Gross Margin | -8.46% |
| Oper. Margin | -30.18% |
| Profit Margin | -50.66% |
| SMA20 | -8.03% |
| SMA50 | -32.50% |
| SMA200 | -36.11% |
| Trades | - |
Technical
| Shs Outstand | 8.41M |
|---|---|
| Shs Float | 2.09M |
| Short Float | 14.25% |
| Short Ratio | 0.55 |
| Short Interest | 0.30M |
| 52W High | 5.80 -70.00% |
| 52W Low | 1.35 28.89% |
| Volatility | 8.30% 9.48% |
| ATR (14) | 0.20 |
| RSI (14) | 34.97 |
| Beta | 1.69 |
| Rel Volume | 0.02 |
| Avg Volume | 542.31K |
| Volume | 11,318 |
Performance
| Perf Week | -1.14% |
|---|---|
| Perf Month | -19.44% |
| Perf Quarter | 2.35% |
| Perf Half Y | -50.71% |
| Perf YTD | -55.61% |
| Perf Year | -59.82% |
| Perf 3Y | -85.00% |
| Perf 5Y | -98.25% |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 6.50 |
| Prev Close | 1.73 |
| Price | 1.74 |
| Change % | 0.58% |
Analyst ratings
latest 3 of 3| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Nov 08, 2022 | Downgrade | BBofA Securities | Buy → Underperform | $12 → $4 | +129.9% |
| Jul 11, 2022 | Initiated | BBofA Securities | Buy | $12 | +589.7% |
| Apr 26, 2022 | Initiated | EEvercore ISI | In-line | $14 | +704.6% |
Peers
Mkt capInsider trading
1 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Kidambi Tridivesh | Chief Financial Officer | Apr 15 '26 | Buy | 3.00 | 26,910 | 80,730 | 146,816 | Apr 17 08:33 PM |
Held by
AUMNews
latest 14 of 196- MapQuest Returns as the Official Navigation Partner of MINI Takes the States 2026 (Business Wire)
- MapQuest Adds Public Transit Directions, Helping Travelers Plan Complete Trips by Bus, Train, and More (Business Wire)
- System1's MapQuest Surpasses 2 Million New Users Over the Past Week (Business Wire) +30.55%
- MapQuest Tops the Charts at No. 1 Overall Free App in the U.S. and Canada Apple App Stores (Business Wire) +26.79%
- MapQuest Surges to No. 1 in the Apple App Store, 30 Years After Inventing Online Mapping (Business Wire) +18.52%
- System1 Announces Second Quarter 2026 Financial Results and Launch of New Agentic Products (Business Wire) -16.42%
- MapQuest Opens Its Mapping Platform to AI Agents with a New Model Context Protocol (MCP) Server, Plus 1 Billion Free Transactions to Celebrate (Business Wire)
- System1 Launches Dogpile Fetch, a New Search MCP Server From the Internets Original Metasearch Engine, Giving AI Agents a Wider View of the Web (Business Wire)
- System1 to Report Second Quarter 2026 Financial Results (Business Wire)
- System1 Strengthens Capital Structure and Reduces Total Debt Through Exchange Transaction With Lenders (Business Wire) +17.39%
- System1 CEO James Gregory Previews Firms Biggest Goals at Cannes Lions (NYSE)
- System1 Announces First Quarter 2026 Financial Results (Business Wire) +16.19% -20.67%
- System1 shares jump 19% as marketing analytics group forecasts return to profitable growth (Proactive) -8.46%
- System1 Announces Fourth Quarter and Full Year 2025 Financial Results (Business Wire) -9.64% -17.00%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-08-05 | -1.340 | - | -14.000 | 30.20 | - | - |
| 2026Q1 | 2026-05-12 | - | - | -5.818 | 37.23 | - | - |
| 2025Q4 | 2026-03-11 | -2.020 | -2.020 | -1.667 | 51.90 | 53.04 | 1 |
| 2025Q3 | 2025-11-05 | -1.970 | -2.780 | -2.299 | 61.60 | 74.50 | 1 |
| 2025Q2 | 2025-08-07 | -1.860 | -2.600 | -2.233 | 78.10 | 73.35 | 1 |
| 2025Q1 | 2025-05-06 | -1.700 | -3.500 | -2.135 | 74.50 | 69.87 | 1 |
| 2024Q4 | 2025-03-10 | -2.300 | -2.300 | -1.923 | 75.60 | 91.28 | 1 |
| 2024Q3 | 2024-11-07 | -2.500 | -2.900 | -3.370 | 88.83 | 86.63 | 1 |
| 2024Q2 | 2024-08-08 | -2.800 | -4.200 | -3.801 | 94.58 | 89.19 | 1 |
| 2024Q1 | 2024-05-09 | -1.800 | -5.100 | -1.555 | 84.92 | 83.37 | 1 |
| 2023Q4 | 2024-03-18 | - | -3.300 | -2.875 | 96.10 | 94.01 | 1 |
| 2023Q3 | 2023-12-13 | -2.100 | -0.700 | -13.991 | 87.82 | 144.4 | 1 |
| 2023Q2 | 2023-08-09 | -3.850 | -0.100 | -3.771 | 147.2 | 146.55 | 1 |
| 2023Q1 | 2023-07-03 | -6.500 | -2.100 | -3.672 | 167.85 | 155.4 | 1 |
| 2022Q4 | 2023-06-06 | -1.200 | -2.100 | -26.416 | 186.86 | 178.4 | 1 |
| 2022Q3 | 2022-11-10 | -2.467 | - | -26.560 | 201.18 | - | 3 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2021FY | 7.850 | 5.500 | 16.105 | 832.9 | 805 |
| 2022FY | -21.600 | -1.900 | -40.083 | 826.65 | 830.03 |
| 2023FY | -24.400 | -24.700 | -25.310 | 402 | 448.24 |
| 2024FY | -8.600 | -9.400 | - | 343.93 | 359.61 |
| 2025FY | -7.540 | -7.540 | -8.320 | 266.1 | 267.23 |
| 2026FY | - | -7.920 | - | - | 235.9 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-08-06 | 1 | 0 | 0 | 30.34 | 30.34 | 30.34 |
| 2026Q3 | S | 2026-01-20 | 1 | 0 | 0 | 59.19 | 59.19 | 59.19 |
| 2026Q3 | S | 2025-11-11 | 1 | 0 | 1 | 59.19 | 59.19 | 59.19 |
| 2026Q3 | S | 2025-11-10 | 1 | 0 | 1 | 59.19 | 59.19 | 59.19 |
| 2026Q3 | S | 2025-11-09 | 1 | 0 | 1 | 59.19 | 59.19 | 59.19 |
| 2026Q3 | S | 2025-11-08 | 1 | 0 | 1 | 59.19 | 59.19 | 59.19 |
| 2026Q3 | S | 2025-11-07 | 1 | 0 | 1 | 59.19 | 59.19 | 59.19 |
| 2026Q3 | S | 2025-11-06 | 1 | 0 | 1 | 59.19 | 59.19 | 59.19 |
| 2026Q3 | S | 2025-11-05 | 1 | 0 | 0 | 85.00 | 85.00 | 85.00 |
| 2026Q3 | S | 2025-11-04 | 1 | 0 | 0 | 85.00 | 85.00 | 85.00 |
| 2026Q3 | S | 2025-11-03 | 1 | 0 | 0 | 85.00 | 85.00 | 85.00 |
| 2026Q3 | S | 2025-11-02 | 1 | 0 | 0 | 85.00 | 85.00 | 85.00 |
| 2026Q3 | S | 2025-11-01 | 1 | 0 | 0 | 85.00 | 85.00 | 85.00 |
| 2026Q3 | S | 2025-10-31 | 1 | 0 | 0 | 85.00 | 85.00 | 85.00 |
Estimate history
| EPS, annual | -4.625 | 16.105 | -40.083 | -25.31 | -10.736 | -8.32 | -11.3272 | ||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
| EPS, quarterly | -3.801 | -3.37 | -1.923 | -2.135 | -2.233 | -2.299 | -1.667 | -5.818 | -1.543 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 0 | 688.389 | 664.941 | 401.971 | 343.925 | 266.129 | 180.94 | ||
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
| Sales, quarterly | 94.581 | 88.832 | 75.595 | 74.513 | 78.115 | 61.561 | 51.94 | 37.234 | 30.2 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 6.469 | 5.175 | 9.167 | 6.586 | 7.365 | 8.088 | 8.406 | ||
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | ||
| Shares, quarterly | 6.926 | 7.046 | 7.365 | 7.486 | 8.011 | 8.1 | 8.088 | 8.302 | 8.406 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY |
|---|---|---|---|---|---|---|---|
| Total Revenue | 180.94 | 266.13 | 343.93 | 401.97 | 664.94 | 688.39 | 0.00 |
| Cost of Goods Sold Incl. D&A | 196.24 | 288.30 | 385.18 | 433.65 | 720.04 | 601.75 | 0.00 |
| Gross Profit | -15.31 | -22.17 | -41.26 | -31.68 | -55.10 | 86.64 | 0.00 |
| Selling, General and Administrative Excl. Other | 39.30 | 39.87 | 47.35 | 54.31 | 66.50 | 35.81 | 0.81 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -54.60 | -62.04 | -88.60 | -85.99 | -121.60 | 50.83 | -0.81 |
| Interest Expense | 27.10 | 27.56 | 31.56 | 48.74 | 32.66 | 16.87 | 0.00 |
| Unusual Expense | 32.10 | -5.53 | -22.50 | -3.10 | 376.48 | 0.00 | 29.11 |
| Net Income Before Taxes | -113.81 | -84.07 | -97.67 | -131.63 | -530.73 | 33.96 | -29.91 |
| Income Taxes | -1.09 | -2.88 | -0.37 | -20.37 | -109.31 | 0.96 | 0.00 |
| Consolidated Net Income | -112.72 | -81.19 | -97.30 | -111.26 | -421.42 | 33.00 | -29.91 |
| Net Income From Continuing Operations | -91.67 | -65.34 | -74.67 | -85.73 | -321.58 | 33.00 | -29.91 |
| Net Income | -91.67 | -65.34 | -74.67 | -222.97 | -367.45 | 33.00 | -29.91 |
| EPS (Recurring) | -8.48 | -8.81 | -13.00 | -24.62 | -11.34 | 16.11 | -1.47 |
| EPS (Basic, Before Extraordinaries) | -11.33 | -8.32 | -10.74 | -25.31 | -40.08 | 16.11 | -4.62 |
| EPS (Diluted) | -11.33 | -8.32 | -10.74 | -25.31 | -40.08 | 16.11 | -4.62 |
| EBITDA | 6.17 | 20.82 | -8.49 | -7.59 | -51.13 | 64.72 | -0.81 |
| Non-Operating Income (Expense) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 5.32 | 8.94 | 12.45 | 41.94 | 104.30 | 0.30 | - |
| Price To Earnings Ratio | - | - | - | - | - | 30.64 | - |
| Price To Sales Ratio | 0.10 | 0.12 | 0.18 | 0.51 | 0.65 | 0.30 | - |
| Gross Margin | -8.46 | -8.33 | -12.00 | -7.88 | -8.29 | 12.59 | - |
| Operating Margin | -30.18 | -23.31 | -25.76 | -21.39 | -18.29 | 7.38 | - |
| Net Margin | -50.66 | -24.55 | -21.71 | -55.47 | -55.26 | 4.79 | - |
| Shares Outstanding | 8.41 | 8.09 | 7.37 | 6.59 | 9.17 | 5.17 | 6.47 |
| Market Capitalization | 15.07 | 15.07 | 66.16 | 209.25 | 429.09 | 644.29 | 697.98 |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 30.20 | 37.23 | 51.94 | 61.56 | 78.11 | 74.51 | 75.59 | 88.83 |
| Cost of Goods Sold Incl. D&A | 28.54 | 41.88 | 58.21 | 67.62 | 76.51 | 71.06 | 77.04 | 100.48 |
| Gross Profit | 1.66 | -4.65 | -6.27 | -6.06 | 1.61 | 3.45 | -1.45 | -11.64 |
| Selling, General and Administrative Excl. Other | 9.04 | 9.57 | 11.18 | 9.51 | 17.51 | 16.57 | 10.46 | 10.17 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -7.38 | -14.21 | -17.44 | -15.56 | -15.90 | -13.13 | -11.90 | -21.82 |
| Interest Expense | 7.12 | 6.63 | 6.30 | 7.05 | 7.12 | 7.08 | 7.76 | 7.96 |
| Unusual Expense | 0.91 | 36.82 | -5.56 | -0.07 | 0.07 | 0.03 | -0.92 | 0.28 |
| Net Income Before Taxes | -15.41 | -57.67 | -18.19 | -22.55 | -23.09 | -20.24 | -18.75 | -30.05 |
| Income Taxes | -0.07 | -0.07 | -0.40 | -0.54 | -1.55 | -0.39 | -0.73 | 0.58 |
| Consolidated Net Income | -15.33 | -57.59 | -17.79 | -22.00 | -21.54 | -19.86 | -18.02 | -30.64 |
| Net Income From Continuing Operations | -12.60 | -47.07 | -13.48 | -18.52 | -17.46 | -15.88 | -14.16 | -23.60 |
| Net Income | -12.60 | -47.07 | -13.48 | -18.52 | -17.46 | -15.88 | -14.16 | -23.60 |
| EPS (Recurring) | -1.47 | -2.63 | -2.15 | -2.31 | -2.23 | -2.13 | -2.01 | -3.34 |
| EPS (Basic, Before Extraordinaries) | -1.54 | -5.82 | -1.67 | -2.30 | -2.23 | -2.14 | -1.92 | -3.37 |
| EPS (Diluted) | -1.54 | -5.82 | -1.67 | -2.30 | -2.23 | -2.14 | -1.92 | -3.37 |
| EBITDA | -0.56 | -2.09 | 3.59 | 5.22 | 4.66 | 7.35 | 8.33 | -1.69 |
| Non-Operating Income (Expense) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 1.07 | 1.00 | 1.02 | 2.24 | 3.59 | 2.09 | 3.61 | 2.99 |
| Price To Sales Ratio | 0.10 | 0.11 | 0.12 | 0.20 | 0.14 | 0.09 | 0.19 | 0.22 |
| Gross Margin | 5.51 | -12.48 | -12.06 | -9.84 | 2.06 | 4.63 | -1.91 | -13.11 |
| Operating Margin | -24.44 | -38.18 | -33.58 | -25.28 | -20.36 | -17.62 | -15.75 | -24.56 |
| Net Margin | -41.72 | -126.41 | -25.96 | -30.08 | -22.36 | -21.32 | -18.73 | -26.57 |
| Shares Outstanding | 8.41 | 8.30 | 8.09 | 8.10 | 8.01 | 7.49 | 7.37 | 7.05 |
| Market Capitalization | 15.07 | 24.41 | 31.86 | 56.64 | 41.57 | 28.54 | 66.16 | 78.92 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 88.13 | 67.58 | 139.16 | 14.62 | 47.90 | 0.84 |
| Short Term Receivables | 57.29 | 62.92 | 56.09 | 80.43 | 90.20 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 4.06 | 3.98 | 6.75 | 31.46 | 7.69 | 0.21 |
| Total Current Assets | 149.48 | 134.48 | 202.00 | 126.51 | 145.79 | 1.05 |
| Net Property, Plant & Equipment | 10.68 | 19.18 | 19.24 | 16.59 | 12.04 | 0.00 |
| Total Investments and Advances | 0.38 | 0.37 | 4.29 | 5.39 | 0.74 | 517.50 |
| Intangible Assets | 244.17 | 304.75 | 379.41 | 454.07 | 95.19 | 0.00 |
| Deferred Tax Assets | 0.92 | - | - | - | - | - |
| Other Assets | 0.26 | 0.35 | 0.52 | 557.89 | 3.15 | 0.00 |
| Total Assets | 405.89 | 459.13 | 605.47 | 1,160.46 | 256.91 | 518.55 |
| Short Term Debt Incl. Current Port. of LT Debt | 78.14 | 18.49 | 17.60 | 17.17 | 170.45 | 0.00 |
| Accounts Payable | 22.02 | 10.40 | 9.50 | 6.71 | 72.85 | 0.00 |
| Other Current Liabilities | 46.28 | 76.20 | 59.31 | 187.20 | 33.26 | 0.61 |
| Total Current Liabilities | 146.44 | 105.09 | 86.42 | 211.07 | 276.55 | 0.61 |
| Long Term Debt | 236.58 | 256.48 | 337.81 | 405.38 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 4.93 | 6.20 | 8.31 | 29.40 | 7.79 | - |
| Other Liabilities | 0.52 | 6.36 | 3.62 | 43.94 | 0.97 | 81.77 |
| Total Liabilities | 388.47 | 374.13 | 436.15 | 689.78 | 285.31 | 82.39 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 30.47 | 80.26 | 135.28 | 392.02 | -28.40 | 436.17 |
| Total Shareholders Equity | 30.47 | 80.26 | 135.28 | 392.02 | -28.40 | 436.17 |
| Accumulated Minority Interest | -13.05 | 4.73 | 34.04 | 78.65 | 0.00 | 0.00 |
| Total Equity | 17.42 | 85.00 | 169.31 | 470.67 | -28.40 | 436.17 |
| Total Liabilities & Stockholders Equity | 405.89 | 459.13 | 605.47 | 1,160.46 | 256.91 | 518.55 |
| Book Value Per Share | 3.77 | 10.90 | 20.54 | 42.76 | -5.49 | 67.43 |
| Tangible Book Value Per Share | -26.42 | -30.48 | -37.07 | -6.77 | -23.88 | 67.43 |
| Full-Time Employees | 250 | 300 | 300 | 500 | - | - |
| Price to Book Ratio | -0.55 | 0.82 | 1.03 | 1.05 | 1.41 | 1.60 |
| Return on Assets | -15.11 | -14.03 | -9.71 | -45.38 | 8.51 | - |
| Return on Equity | -118.02 | -69.29 | -33.02 | -176.88 | 16.18 | - |
| Return on Invested Capital | -24.47 | -22.17 | -47.13 | -46.08 | - | -6.86 |
| Quick Ratio | 1.02 | 1.28 | 2.34 | 0.60 | 0.53 | 1.72 |
| Current Ratio | 1.02 | 1.28 | 2.34 | 0.60 | 0.53 | 1.72 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY |
|---|---|---|---|---|---|---|---|
| Net Income | -112.72 | -81.19 | -97.30 | -285.58 | -478.38 | 33.00 | -29.91 |
| Depreciation | 60.77 | 82.86 | 80.11 | 105.21 | 119.65 | 13.88 | - |
| Other Funds (Non Cash) | 46.43 | 15.34 | 16.96 | 183.13 | 515.64 | 9.35 | 27.73 |
| Funds from Operations | -7.17 | 14.82 | -2.33 | -19.58 | 38.05 | 55.25 | -2.19 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -33.69 | -18.97 | -2.92 | -5.16 | -45.33 | 5.08 | 0.40 |
| Cash from Operating Activities | -40.86 | -4.15 | -5.25 | -24.74 | -7.29 | 60.32 | -1.78 |
| Capital Expenditures | -7.16 | -6.72 | -6.25 | -7.96 | -10.38 | -6.54 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | -444.07 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | - | 0.00 | 0.00 | 211.14 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -517.50 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -517.50 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -7.16 | -6.72 | -6.25 | 203.18 | -454.45 | -6.54 | -517.50 |
| Cash Dividends Paid | 0.00 | -0.03 | -0.03 | -0.10 | -1.51 | -14.58 | 0.00 |
| Change in Capital Stock | -0.56 | 1.69 | 0.00 | 0.00 | -506.56 | 0.23 | 518.75 |
| Repurchase of Common Pref Stock | -0.56 | -0.56 | 0.00 | 0.00 | -511.59 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 2.25 | 0.00 | 0.00 | 5.03 | 0.23 | 518.75 |
| Proceedsfrom Stock Options | 0.00 | 2.25 | 0.00 | 0.00 | 0.00 | 0.23 | 506.40 |
| Issuance or Reduction of Debt, Net | 25.00 | 30.00 | -61.79 | -68.98 | 237.67 | -13.14 | 0.00 |
| Change in Long Term Debt | 25.00 | 30.00 | -61.79 | -68.98 | 237.67 | -13.14 | 0.00 |
| Issuance of Long Term Debt | 50.00 | 50.00 | 0.00 | 75.28 | 425.15 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -25.00 | -20.00 | -61.79 | -144.25 | -187.49 | -13.14 | 0.00 |
| Net Financing Active Other Cash Flow | -0.28 | -0.36 | -2.15 | -5.00 | 242.68 | -6.71 | 0.00 |
| Other Financing Activities Uses | -0.28 | -0.36 | -2.15 | -5.00 | -3.81 | -6.71 | 0.00 |
| Cash from Financing Activities | 24.16 | 31.30 | -63.96 | -74.07 | -27.73 | -34.20 | 518.75 |
| Exchange Rate Effect | -0.05 | 0.13 | -0.03 | 0.01 | -0.08 | 0.04 | - |
| Net Change in Cash | -23.91 | 20.56 | -75.50 | 104.38 | -489.54 | 19.63 | 0.84 |
| Free Cash Flow | -40.86 | -4.19 | -5.29 | -27.09 | -10.83 | 60.27 | -1.78 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Price to Free Cash Flow | - | - | - | - | - | 4.47 | - |
| Deferred Taxes & Investment Tax Credit | - | -2.19 | -2.10 | -22.33 | -118.86 | -0.98 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 40.98 | 52.01 | 88.13 | 55.83 | 64.89 | 45.16 |
| Short Term Receivables | 40.98 | 53.26 | 57.29 | 54.36 | 70.22 | 61.76 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 7.56 | 6.47 | 4.06 | 6.43 | 6.25 | 7.27 |
| Total Current Assets | 89.52 | 111.74 | 149.48 | 116.62 | 141.36 | 114.18 |
| Net Property, Plant & Equipment | 9.67 | 10.18 | 10.68 | 4.58 | 5.22 | 4.08 |
| Total Investments and Advances | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.00 |
| Intangible Assets | 191.51 | 197.66 | 244.17 | 263.29 | 281.96 | 300.57 |
| Deferred Tax Assets | - | - | 0.92 | - | - | - |
| Other Assets | 0.29 | 0.36 | 0.26 | 0.29 | 0.33 | 0.32 |
| Total Assets | 291.37 | 320.32 | 405.89 | 385.16 | 429.25 | 419.15 |
| Short Term Debt Incl. Current Port. of LT Debt | 78.45 | 78.28 | 78.14 | 24.80 | 22.71 | 20.49 |
| Accounts Payable | 15.14 | 14.29 | 22.02 | 23.07 | 28.06 | 7.64 |
| Other Current Liabilities | 23.37 | 33.28 | 46.28 | 54.26 | 69.12 | 61.55 |
| Total Current Liabilities | 116.96 | 125.85 | 146.44 | 102.12 | 119.89 | 89.68 |
| Long Term Debt | 222.19 | 229.40 | 236.58 | 237.89 | 244.66 | 249.79 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 3.57 | 3.55 | 4.93 | 4.66 | 5.22 | 5.61 |
| Other Liabilities | 1.65 | 0.55 | 0.52 | 6.22 | 6.04 | 6.41 |
| Total Liabilities | 344.38 | 359.35 | 388.47 | 350.90 | 375.81 | 351.50 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | -26.67 | -15.42 | 30.47 | 42.68 | 58.20 | 67.19 |
| Total Shareholders Equity | -26.67 | -15.42 | 30.47 | 42.68 | 58.20 | 67.19 |
| Accumulated Minority Interest | -26.33 | -23.60 | -13.05 | -8.42 | -4.75 | 0.47 |
| Total Equity | -53.00 | -39.02 | 17.42 | 34.26 | 53.44 | 67.66 |
| Total Liabilities & Stockholders Equity | 291.37 | 320.32 | 405.89 | 385.16 | 429.25 | 419.15 |
| Book Value Per Share | -3.17 | -1.86 | 3.77 | 5.27 | 7.26 | 8.98 |
| Tangible Book Value Per Share | -25.96 | -25.67 | -26.42 | -27.24 | -27.93 | -31.18 |
| Full-Time Employees | - | - | 250 | - | - | - |
| Price to Book Ratio | -0.55 | 0.80 | 0.74 | 0.97 | 0.62 | 0.42 |
| Return on Assets | -25.44 | -26.11 | -15.11 | -15.27 | -15.12 | -17.02 |
| Return on Equity | -581.58 | -372.94 | -118.02 | -99.29 | -84.85 | -80.45 |
| Return on Invested Capital | -6.44 | -22.00 | -5.05 | -6.60 | -5.77 | -5.01 |
| Quick Ratio | 0.77 | 0.89 | 1.02 | 1.14 | 1.18 | 1.27 |
| Current Ratio | 0.77 | 0.89 | 1.02 | 1.14 | 1.18 | 1.27 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | -15.33 | -57.59 | -17.79 | -22.00 | -21.54 | -19.86 |
| Depreciation | 6.82 | 12.13 | 21.03 | 20.79 | 20.57 | 20.48 |
| Other Funds (Non Cash) | 3.52 | 39.32 | -1.41 | 5.00 | 6.84 | 4.91 |
| Funds from Operations | -4.97 | -6.61 | 1.11 | 3.30 | 5.46 | 4.95 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 2.94 | -19.53 | -11.75 | -5.35 | 19.03 | -20.89 |
| Cash from Operating Activities | -2.04 | -26.13 | -10.64 | -2.05 | 24.49 | -15.95 |
| Capital Expenditures | -1.36 | -2.17 | -1.63 | -1.99 | -1.56 | -1.55 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | - | - | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -1.36 | -2.17 | -1.63 | -1.99 | -1.56 | -1.55 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | -0.01 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.20 | -0.20 | -0.56 | 0.00 | 2.25 | 0.00 |
| Repurchase of Common Pref Stock | 0.20 | -0.20 | -0.56 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 2.25 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 2.25 | 0.00 |
| Issuance or Reduction of Debt, Net | -7.50 | -7.50 | 45.00 | -5.00 | -5.00 | -5.00 |
| Change in Long Term Debt | -7.50 | -7.50 | 45.00 | -5.00 | -5.00 | -5.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 50.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -7.50 | -7.50 | -5.00 | -5.00 | -5.00 | -5.00 |
| Net Financing Active Other Cash Flow | -0.20 | -0.04 | -0.03 | -0.01 | -0.02 | -0.29 |
| Other Financing Activities Uses | -0.19 | -0.04 | -0.03 | -0.01 | -0.02 | -0.29 |
| Cash from Financing Activities | -7.49 | -7.74 | 44.41 | -5.01 | -2.79 | -5.30 |
| Exchange Rate Effect | -0.14 | -0.06 | 0.15 | -0.01 | -0.03 | 0.01 |
| Net Change in Cash | -11.03 | -36.12 | 32.30 | -9.06 | 20.11 | -22.79 |
| Free Cash Flow | -2.04 | -26.13 | -10.64 | -2.05 | 24.49 | -15.99 |
| Price to Free Cash Flow | - | - | - | 7.89 | 4.70 | - |
Revenue breakdown
| Non-US | 2024: 10.86M 2025: 3.17M |
|---|---|
| United States | 2024: 333.07M 2025: 262.96M |
| Marketing | 2024: 263.39M 2025: 172.89M |
| Products | 2024: 80.54M 2025: 93.24M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 14.25% | 0.3M | 2.1M | 542.87K |
| 2026-10-15 | 14.87% | 0.3M | 2.1M | 558.29K |
| 2026-09-30 | 15.52% | 0.3M | 2.1M | 562.13K |
| 2026-09-15 | 17.86% | 0.4M | 2.1M | 539.90K |
| 2026-08-31 | 9.37% | 0.2M | 2.1M | 291.84K |
| 2026-08-14 | 5.34% | 0.1M | 2.2M | 168.80K |
| 2026-07-31 | 7.33% | 0.2M | 2.2M | 385.77K |
| 2026-07-15 | 8.16% | 0.2M | 2.0M | 1.26M |
| 2026-06-30 | 12.67% | 0.2M | 1.6M | 1.73M |
| 2026-06-15 | 13.16% | 0.2M | 1.6M | 3.32M |
| 2026-05-29 | 15.63% | 0.3M | 1.6M | 3.36M |
| 2026-05-15 | 10.29% | 0.4M | 4.2M | 3.33M |
| 2026-04-30 | 15.65% | 0.6M | 4.1M | 3.09M |
| 2026-04-15 | 11.83% | 0.5M | 4.2M | 2.23M |
| 2026-03-31 | 30.59% | 1.3M | 4.2M | 1.82M |
| 2026-03-13 | 6.19% | 0.3M | 4.2M | 13.33K |
| 2026-02-27 | 4.94% | 0.2M | 4.2M | 15.30K |
| 2026-02-13 | 4.62% | 0.2M | 4.2M | 17.83K |
| 2026-01-30 | 4.59% | 0.2M | 4.2M | 20.80K |
| 2026-01-15 | 4.65% | 0.2M | 4.2M | 23.73K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-10-30 | 8-K | Current report | 2026-10-30 | SEC |
| 2026-08-06 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-08-05 | 8-K | Current report | 2026-08-05 | SEC |
| 2026-08-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-05 | 8-K | Current report | 2026-08-05 | SEC |
| 2026-08-04 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC | |
| 2026-07-24 | 8-K | Current report | 2026-07-22 | SEC |
| 2026-07-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-15 | SEC |
| 2026-07-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-15 | SEC |
| 2026-07-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-15 | SEC |
| 2026-07-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-15 | SEC |
| 2026-07-15 | DRS | SEC | ||
| 2026-06-25 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-06-22 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-07-22 | SEC |
| 2026-06-11 | PRE 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-06-10 | SEC |
| 2026-06-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-29 | SEC |
| 2026-06-01 | 8-K | Current report | 2026-05-29 | SEC |
| 2026-05-12 | 8-K | Current report | 2026-05-12 | SEC |
| 2026-05-12 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-12 | 8-K | Current report | 2026-05-12 | SEC |
| 2026-04-30 | 10-K/A | 2025-12-31 | SEC | |
| 2026-04-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-15 | SEC |
| 2026-04-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-15 | SEC |
| 2026-04-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-15 | SEC |
| 2026-04-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-04-15 | SEC |
| 2026-03-11 | 8-K | Current report | 2026-03-11 | SEC |
| 2026-03-11 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-03-11 | 8-K | Current report | 2026-03-11 | SEC |
| 2026-01-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-01-28 | SEC |
| 2026-01-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-01-28 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 80.73K | 1 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| Crescent Grove Advisors, LLC | 4.33% |
| BANK OF AMERICA CORP /DE/ | 1.97% |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.55% |
| Cerity Partners LLC | 1.42% |
| BlackRock, Inc. | 0.53% |
| GEODE CAPITAL MANAGEMENT, LLC | 0.49% |
| UBS Group AG | 0.17% |
| MORGAN STANLEY | 0.16% |
| Leonteq Securities AG | 0.15% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 0.14% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 1.31% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.24% |
| iShares Micro-Cap ETF | 0.22% |
| Fidelity Extended Market Index Fund | 0.13% |
| Ultra-Small Company Market Fund | 0.09% |
| Fidelity Total Market Index Fund | 0.04% |
| Fidelity Series Total Market Index Fund | 0.02% |
| 1290 VT Micro Cap Portfolio | 0.01% |
| Knights of Columbus U.S. ALL CAP INDEX FUND | 0.00% |
| Blackstone Alternative Multi-Strategy Fund | 0.00% |
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