Jun 2026 (Q2 FY26) — Aug 5, 2026
System1 Q2 FY26 — Debt Restructuring Completed, Product Portfolio Growth Amidst Google Monetization Headwinds
Read the full callSystem1 earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 30.2 | −61.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -27.4 | −7.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -12.6 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $6.83 on 17 Oct 2025 → $2.04. High $6.92 (20 Oct 2025), low $1.37 (26 Mar 2026).
Overview
Call summaries
System1 Q2 FY26 — Debt Restructuring Completed, Product Portfolio Growth Amidst Google Monetization Headwinds
Read the full callEvery analysed call
Financials
Net profit, year on year: +28% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 89 | 76 | 75 | 78 | 62 | 52 | 37 | 30 |
| Expenses | — | — | 88 | 94 | — | — | 88 | 38 |
| Operating profit | -22 | -12 | -13 | -16 | -16 | -17 | -51 | -8 |
| Operating margin | −24.6% | −15.8% | −17.6% | −20.4% | −25.3% | −33.6% | −137.1% | −27.4% |
| Interest | 8 | 8 | 7 | 7 | 7 | 6 | 7 | 7 |
| Profit before tax | -30 | -19 | -20 | -23 | -23 | -18 | -58 | -15 |
| Tax rate | −1.9% | 3.9% | 1.9% | 6.7% | 2.4% | 2.2% | 0.1% | 0.5% |
| Net profit | -24 | -14 | -16 | -17 | -19 | -13 | -47 | -13 |
| EPS ($ per share) | -3.37 | — | -2.14 | -2.23 | -2.30 | — | -5.82 | -1.54 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Reserves | -81 | 0 | -439 | -708 | -782 | -848 |
| Total liabilities | 82 | 285 | 690 | 436 | 374 | 388 |
| Fixed assets | — | 1 | 3 | 3 | 2 | 2 |
| Total assets | 519 | 257 | 1,160 | 605 | 459 | 405 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | 61 | 3 | -25 | -5 | -4 |
| Cash from investing | -7 | -454 | 203 | -6 | -7 |
| Cash from financing | -35 | -28 | -74 | -64 | 31 |
| Net cash flow | 20 | -478 | 104 | -76 | 21 |
| Capital expenditure | -0 | -4 | -2 | -0 | -0 |
| Free cash flow | 61 | -0 | -27 | -5 | -4 |
22 filings between Oct 28, 2025 and Jul 15, 2026.
Purchases
$80.7K
1 purchase by 1 insider
Sales
None
No insider sold shares.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Kidambi Tridivesh | $80.7K | — | Apr 15, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 15, 2026 | Kidambi Tridivesh Chief Financial Officer | Tax withheld | 6,022 | $15.7K |
| Jul 15, 2026 | Weinrot Daniel J General Counsel & Secretary | Tax withheld | 9,156 | $23.8K |
| Jul 15, 2026 | Coppola Brian Chief Ad Operations Officer | Tax withheld | 6,124 | $15.9K |
| Jul 15, 2026 | Sestanovich Elizabeth Chief People Officer | Tax withheld | 7,058 | $18.4K |
| May 29, 2026 | Kidambi Tridivesh Chief Financial Officer | Award | 35,300 | $0 |
| Apr 15, 2026 | Weinrot Daniel J General Counsel & Secretary | Tax withheld | 341 | $771 |
| Apr 15, 2026 | Coppola Brian Chief Ad Operations Officer | Tax withheld | 331 | $748 |
| Apr 15, 2026 | Sestanovich Elizabeth Chief People Officer | Tax withheld | 341 | $771 |
| Apr 15, 2026 | Kidambi Tridivesh Chief Financial Officer | Purchase | 26,910 | $80.7K |
| Apr 15, 2026 | Kidambi Tridivesh Chief Financial Officer | Tax withheld | 301 | $680 |
| Jan 28, 2026 | Weinrot Daniel J General Counsel & Secretary | Tax withheld | 211 | $882 |
| Jan 28, 2026 | Coppola Brian Chief Ad Operations Officer | Tax withheld | 231 | $966 |
| Jan 28, 2026 | Sestanovich Elizabeth Chief People Officer | Tax withheld | 211 | $882 |
| Jan 28, 2026 | Kidambi Tridivesh Chief Financial Officer | Tax withheld | 258 | $1.1K |
| Jan 15, 2026 | Weinrot Daniel J General Counsel & Secretary | Tax withheld | 377 | $1.7K |
| Jan 15, 2026 | Coppola Brian Chief Ad Operations Officer | Tax withheld | 371 | $1.6K |
| Jan 15, 2026 | Sestanovich Elizabeth Chief People Officer | Tax withheld | 377 | $1.7K |
| Jan 15, 2026 | Kidambi Tridivesh Chief Financial Officer | Tax withheld | 345 | $1.5K |
| Oct 28, 2025 | Coppola Brian Chief Ad Operations Officer | Tax withheld | 235 | $1.5K |
| Oct 28, 2025 | Weinrot Daniel J General Counsel & Secretary | Tax withheld | 214 | $1.3K |
| Oct 28, 2025 | Sestanovich Elizabeth Chief People Officer | Tax withheld | 158 | $976 |
| Oct 28, 2025 | Kidambi Tridivesh Chief Financial Officer | Tax withheld | 263 | $1.6K |
| Oct 15, 2025 | Weinrot Daniel J General Counsel & Secretary | Tax withheld | 382 | $3.0K |
| Oct 15, 2025 | Sestanovich Elizabeth Chief People Officer | Tax withheld | 282 | $2.2K |
| Oct 15, 2025 | Kidambi Tridivesh Chief Financial Officer | Tax withheld | 352 | $2.8K |
| Oct 15, 2025 | Coppola Brian Chief Ad Operations Officer | Tax withheld | 377 | $3.0K |
| Aug 22, 2025 | CEE Holdings Trust 10% owner | Purchase | 11,015 | $80.6K |
| Aug 21, 2025 | CEE Holdings Trust 10% owner | Purchase | 12,584 | $86.8K |
| Aug 20, 2025 | CEE Holdings Trust 10% owner | Purchase | 12,584 | $78.7K |
| Aug 19, 2025 | CEE Holdings Trust 10% owner | Purchase | 6,567 | $41.5K |
| Jul 31, 2025 | Caswell Ryan R. Director | Award | 15,000 | $0 |
| Jul 31, 2025 | MARTIRE FRANK R Director | Award | 15,000 | $0 |
| Jul 31, 2025 | Naidu Taryn Jogi Director | Award | 15,000 | $0 |
| Jul 31, 2025 | Kumar Tanmay Director | Award | 15,000 | $0 |
| Jul 31, 2025 | Kazerani Moujan Director | Award | 15,000 | $0 |
| Jul 31, 2025 | Horn Caroline Director | Award | 15,000 | $0 |
| Jul 31, 2025 | Civantos John Director | Award | 15,000 | $0 |
| Jul 29, 2025 | Ursini Charles President & COO | Award | 337,500 | $0 |
| Jul 29, 2025 | Coppola Brian Chief Ad Operations Officer | Award | 40,000 | $0 |
| Jul 29, 2025 | Weinrot Daniel J General Counsel & Secretary | Award | 52,500 | $0 |
| Jul 29, 2025 | Kidambi Tridivesh Chief Financial Officer | Award | 50,000 | $0 |
| Jul 29, 2025 | Sestanovich Elizabeth Chief People Officer | Award | 40,000 | $0 |
| Jul 28, 2025 | Coppola Brian Chief Ad Operations Officer | Tax withheld | 206 | $1.5K |
| Jul 28, 2025 | Weinrot Daniel J General Counsel & Secretary | Tax withheld | 191 | $1.4K |
| Jul 28, 2025 | Sestanovich Elizabeth Chief People Officer | Tax withheld | 135 | $1.0K |
| Jul 28, 2025 | Kidambi Tridivesh Chief Financial Officer | Tax withheld | 224 | $1.7K |
| Jul 15, 2025 | Weinrot Daniel J General Counsel & Secretary | Tax withheld | 341 | $2.2K |
| Jul 15, 2025 | Kidambi Tridivesh Chief Financial Officer | Tax withheld | 300 | $1.9K |
| Jul 15, 2025 | Coppola Brian Chief Ad Operations Officer | Tax withheld | 330 | $2.1K |
| Jul 15, 2025 | Sestanovich Elizabeth Chief People Officer | Tax withheld | 240 | $1.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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