profit from every $100 of sales.
$0$100
System1
$1.67-1.76% today
-57.9% in 1 year
1-year low $1.371-year high $5.22
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What System1 sold, what it kept, and what it did with the cash.
Sales went from $688 million in 2021 to $266 million in 2025, with -$65.3 million of profit last year.
SalesProfit
System1 vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| System1 | No profit yet | ||
 Cintas | 45.2× · Expensive | ||
 RELX | 25.4× · Fair price | ||
 Thomson Reuters | 31.5× · Expensive | ||
 Copart | 19.1× · Fair price |
AI analysis
An AI analyst reads System1's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 688 | 402 | 344 | 266 | |
| 167 | 153 | 101 | 100 | |
| 51 | -86 | -89 | -62 | |
| 65 | 22 | 14 | 26 | |
| 33 | -227 | -75 | -65 | |
| 4.04 | -24.80 | -10.14 | -8.08 | |
| 24.3% | 38.1% | 29.5% | 37.7% | |
| 7.4% | -21.4% | -25.8% | -23.3% | |
| 4.8% | -56.5% | -21.7% | -24.6% |
Balance sheet
| In millions of USD | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | – | 605 | 459 | 405 |
| Cash | – | 135 | 64 | 87 |
| Total debt | – | 355 | 275 | 315 |
| Total liabilities | – | 436 | 374 | 388 |
| – | 135 | 80 | 30 | |
| – | 9 | 7 | 8 | |
| – | -13.3% | -14.7% | -12.9% | |
| – | -168.0% | -93.0% | -214.5% |
Cash flow
| In millions of USD | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 61 | -25 | -5 | -4 | |
| 7 | 8 | 6 | 7 | |
| 54 | -33 | -12 | -11 | |
| Dividends paid | 15 | 0 | – | – |
| 0 | 0 | 0 | 1 | |
| 0 | 53 | 34 | 15 |
Valuation
- –
- –
- –
- 1.0×
- 0.1×
- –
- 9.2×
- -74.7%
- -449.3%
- 0.0%
Profitability
- 37.7%
- -23.3%
- -24.6%
- 7.8%
- -23.0%
- -50.5%
- -131.7%
- -16.1%
- -24.0%
- –
Growth
- −21.1%
- –
- +20.7%
- –
- −44.7%
Financial health
- 8.6×
- 0.32
- 2.4%
- -2.3×
- 1.02
- 1.02
- 0.66
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 1%of 987
Bottom 2%of 988
Bottom 1%of 986
Bottom 1%of 990
What analysts expect
- Average price target
- $14.50
- Range
- $14.00 – $15.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 12, 2026 | -2.22 | -2.14 | −3.7% |
| Mar 11, 2026 | -2.29 | -2.02 | −13.4% |
| Nov 5, 2025 | -2.30 | -2.02 | −13.9% |
| Aug 7, 2025 | -2.23 | -2.60 | +14.2% |
| May 6, 2025 | -2.10 | -0.35 | −500.0% |
| Mar 10, 2025 | -1.90 | -0.23 | −726.1% |
| Nov 7, 2024 | -3.40 | -0.29 | −1,072.4% |
| Aug 8, 2024 | -3.80 | -0.42 | −804.8% |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
16No pass
Benjamin Graham
52No pass
Philip Fisher
31No pass
Peter Lynch
26No pass
Joel Greenblatt
0No pass
Charlie Munger
22No pass
Terry Smith
11No pass
Questions about System1
Is System1 a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the System1 AI analysis
What does System1 do?
System1, Inc. develops technology and data science to operate responsive acquisition marketing platform. The company also operates a real-time coupon code search engine and directory that offers coupon destinations for online shoppers. It is in Specialty Business Services.
Does System1 pay a dividend?
No. System1 does not pay a dividend at the moment; in 2025 it returned $557,000 to shareholders by buying back its own shares.
Is System1 stock halal?
No. System1 does not pass our halal screen: its debt is 2,164% of its market value, at or above the 33% limit. How we check
How has System1 stock done over the past year?
Down 57.9% over the past twelve months, to $1.67. It traded between $1.37 and $5.22 and is 68.0% below its high.
Who are System1's competitors?
The largest listed companies in the same industry are Cintas, RELX, Thomson Reuters and Copart. The peers table on this page compares their profit, growth and price with System1's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.