System1, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $21.4M
- Price
- $2.04
- % Change (Daily % change from the live per-ticker quote feed.)
- -7.69%
- Volume
- 135.9K
About
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 serves customers in the areas of health, subscription, finance, insurance, business and technology, travel, auto, and other direct-to-consumer businesses. The company was founded in 2013 and is based in Los Angeles, California.
Quick stats
Shares outstanding10.5M
Computed float9.9M
Float / shares94.6%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001805833
Websitehttps://www.system1.com
AI Summary
AI-generated1/25
majormixedearnings
System1 Announces Second Quarter 2026 Financial Results and Launch of New Agentic Products
System1 reported Q2 revenue of $30.2 million, down 61% year-over-year, attributing the decline to a strategic decision to reduce low-margin search monetization activities.
The pivot resulted in a higher-quality revenue mix, driving adjusted gross margin up to 85%, while the company closed a debt exchange transaction that management states cuts gross debt by 50%.
Simultaneously, the company launched a suite of agentic AI products, including MapQuest and Dogpile MCP servers, to extend its proprietary data into AI infrastructure.
Red flags
- Revenue declined 61% year-over-year due to strategic pullback
- Risk factors section cites 'substantial doubt about our ability to continue as a going concern'
- Cash and cash equivalents decreased from $86.9 million to $40.5 million quarter-over-quarter