System1, Inc. (SSTPW) — SEC Filings
System1, Inc. (SSTPW) — 37 SEC filings. Latest: 8-K (Dec 12, 2025). Includes 18 8-K, 5 10-Q, 4 SC 13D/A.
View System1, Inc. on SEC EDGAR
Overview
System1, Inc. (SSTPW) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 8-K filed on Dec 12, 2025: System1, Inc. filed an 8-K on December 12, 2025, reporting a notice of delisting or failure to satisfy continued listing rules. The filing also includes Regulation FD disclosures and financial statements/exhibits. The company was formerly known as Trebia Acquisition Corp. before changing its name on
Sentiment Summary
Across 37 filings, the sentiment breakdown is: 5 bearish, 32 neutral. The dominant filing sentiment for System1, Inc. is neutral.
Filing Type Overview
System1, Inc. (SSTPW) has filed 18 8-K, 5 10-Q, 2 DEF 14A, 2 10-K/A, 2 10-K, 4 SC 13D/A, 1 SC 13D, 2 DEFA14A, 1 SC 13G with the SEC between Jan 2024 to Dec 2025.
Filings by Year
Recent SEC Filings (37)
Risk Profile
Risk Assessment: Of SSTPW's 31 recent filings, 5 were flagged as high-risk, 19 as medium-risk, and 7 as low-risk. The overall risk profile suggests moderate risk with a balanced mix of positive and cautionary disclosures.
Financial Highlights
| Metric | Value |
|---|---|
| Revenue | $61.561M |
| Net Income | $(18.516)M |
| EPS | N/A |
| Debt-to-Equity | 8.20 |
| Cash Position | $54.589M |
| Operating Margin | -25.3% |
| Total Assets | $385.160M |
| Total Debt | $259.236M |
Key Executives
- Stanley Blend
- Michael Blend
- Michael A. Weisman
- Bryan D. Coy
Industry Context
System1 operates in the digital advertising and customer acquisition space, a highly competitive and dynamic industry. Trends include increasing reliance on AI for targeting, evolving privacy regulations impacting data utilization, and a shift towards performance-based marketing models. Companies in this sector face constant pressure to innovate and adapt to changing consumer behaviors and platform policies.
Top Tags
amendment (7) · corporate-governance (4) · delisting (3) · listing-standards (3) · filing-update (3) · governance (3) · 10-Q (3) · financials (3) · annual-report (3) · System1 (3)
Key Numbers
| Metric | Value | Context |
|---|---|---|
| Revenue for Q3 2025 | $61.561M | Decreased 30.7% from $88.832M in Q3 2024 |
| Revenue for nine months ended Sep 30, 2025 | $214.189M | Decreased 20.2% from $268.330M in prior year period |
| Net loss attributable to System1, Inc. for Q3 2025 | $(18.516)M | Compared to $(23.602)M in Q3 2024 |
| Net loss attributable to System1, Inc. for nine months ended Sep 30, 2025 | $(51.862)M | Compared to $(60.512)M in prior year period |
| Cash and cash equivalents as of Sep 30, 2025 | $54.589M | Decreased from $63.607M at Dec 31, 2024 |
| Total assets as of Sep 30, 2025 | $385.160M | Decreased from $459.129M at Dec 31, 2024 |
| Reverse Stock Split Ratio | 1-for-10 | Effected on June 10, 2025 |
| Class A common stock shares outstanding | 8,128,321 | As of October 29, 2025 |
| Net Loss (Q2 2025) | $10.2M | Increased from $5.1M in Q2 2024, indicating worsening profitability. |
| Revenue (Q2 2025) | $125.5M | Decreased 8.3% from $136.9M in Q2 2024, showing revenue contraction. |
| Net Loss (YTD June 2025) | $21.5M | Worsened from $10.5M in YTD June 2024, reflecting sustained losses. |
| Revenue Decrease | 8.3% | Percentage decline in Q2 2025 revenue compared to Q2 2024. |
| Total Assets (June 30, 2025) | $550.3M | Decreased from $575.8M at year-end 2024, indicating asset reduction. |
| Fiscal Year End | 12/31 | Indicates the end of the company's fiscal year for financial reporting. |
| Fiscal Year | 2024 | The proxy statement covers the company's performance and governance for this period. |
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Frequently Asked Questions
What are the latest SEC filings for System1, Inc. (SSTPW)?
System1, Inc. has 37 recent SEC filings from Jan 2024 to Dec 2025, including 18 8-K, 5 10-Q, 4 SC 13D/A. Each filing includes an AI-generated plain-English summary.
What is the overall sentiment of SSTPW filings?
Across 37 filings, the sentiment breakdown is: 5 bearish, 32 neutral. The dominant sentiment is neutral.
Where can I find System1, Inc. SEC filings explained simply?
ReadTheFiling provides AI-powered plain-English summaries of all System1, Inc. (SSTPW) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.
What are the key financial highlights for System1, Inc.?
Key financial highlights from System1, Inc.'s most recent 10-Q include metrics such as revenue, net income, EPS, and debt ratios. Visit the filing detail page for the full breakdown.
What is the investment thesis for SSTPW?
The investment thesis for SSTPW includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.
Who are the key executives at System1, Inc.?
Key executives identified across System1, Inc.'s filings include Stanley Blend, Michael Blend, Michael A. Weisman, Bryan D. Coy.
What are the main risk factors for System1, Inc. stock?
Of SSTPW's 31 assessed filings, 5 were flagged high-risk, 19 medium-risk, and 7 low-risk.
What are recent predictions and forward guidance from System1, Inc.?
Forward guidance and predictions for System1, Inc. are extracted from SEC filings as they are enriched.