System1
Income Statement

Last updated:

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. System1's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 51% to $401,971,000. Profit margin reached -57%. Total operating expenses were $239,215,000.

Profit Margin

System1, Inc. (NYSE:SST): Profit margin
2018 265.53M -20.95M -7.89%
2019 407.49M 24.24M 5.95%
2020 475.97M 16.36M 3.44%
2021 688.38M 21.02M 3.05%
2022 826.65M 32.99M 3.99%
2023 401.97M -227.22M -56.53%

SST Income Statement (2018 – 2023)

2023 2022 2021 2020 2019 2018
Revenue
Revenue
401.97M826.65M688.38M475.97M407.49M265.53M
Cost of revenue
355.25M521.11M13.32M340.99M275.77M171.03M
Gross profit
46.72M305.53M675.06M134.98M131.72M94.5M
Operating exp.
Research and development
0822K4.93M000
Selling and marketing
0035.81M22.97M19.96M0
Total operating expenses
239.21M116.44M13.32M92.35M79.59M71.83M
Operating income
-85.98M50.83M-13.32M42.62M52.13M22.66M
Other income (expenses), net
-45.63M-16.87M34.35M-24.35M-27.17M-18.97M
Income before tax
-131.62M33.96M21.02M18.27M24.95M3.68M
Income tax expense
-20.37M965K965K1.90M702K24.64M
Net income
-227.22M32.99M21.02M16.36M24.24M-20.95M
Earnings per share
Basic EPS
-2.440.361.030.250.27-0.26
Diluted EPS
-2.440.361.030.250.27-0.26
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