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System1, Inc. announced financial results for Q4 and full year 2025, reporting revenue of $51.9 million and $266.1 million respectively, with GAAP net loss improving to $17.8 million and $81.2 million. Adjusted EBITDA for the full year increased 9% to $41.9 million despite revenue declines.
Event Type
Disclosure
Mandatory
Variant
8-K
(including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or othe
Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press Release dated March 11 , 2026 104 Cover Page Interactive Data File (embedded
| Metric | Value | Basis |
|---|---|---|
| Revenue | $51.90 | |
| Revenue | $266.10 | |
| Gross Profit | $21.30 | GAAP |
| Gross Profit | $100.40 | GAAP |
| Adjusted Gross Profit | $34.90 | Non-GAAP |
| Adjusted Gross Profit | $153.40 | Non-GAAP |
| Adjusted Gross Profit Margin | 67% | Non-GAAP |
| Adjusted Gross Profit Margin | 58% | Non-GAAP |
| Net Loss | $17.80 | GAAP |
| Net Loss | $81.20 | GAAP |
| Adjusted EBITDA | $8.20 | Non-GAAP |
| Adjusted EBITDA | $41.90 | Non-GAAP |