Quarterly ResultMay 12, 2026, 04:32 PM
System1 Q1 Revenue $37.2M; Net Loss $(47.1)M; Goodwill Impairment $36.8M
AI Summary
System1, Inc. reported supplemental financial information for Q1 2026, showing a significant decline in financial performance. The company posted revenue of $37.2 million and a net loss of $(47.1) million, which included a substantial goodwill impairment charge of $36.8 million. Adjusted EBITDA also decreased significantly to $2.7 million. Both Marketing and Products revenue streams experienced declines, while the number of active marketing partners fell sharply.
Key Highlights
- Q1 2026 net loss was $(47.1) million, compared to $(15.9) million in Q1 2025.
- Revenue for Q1 2026 decreased to $37.2 million from $74.5 million in Q1 2025.
- Recorded a goodwill impairment charge of $36.8 million in Q1 2026.
- Adjusted EBITDA for Q1 2026 was $2.7 million, down from $12.1 million in Q1 2025.
- Marketing Revenue declined to $18.4 million in Q1 2026 from $52.3 million in Q1 2025.
- Products Revenue was $18.8 million in Q1 2026, down from $22.3 million in Q1 2025.
- Active Marketing Partners decreased to 56 in Q1 2026 from 149 in Q1 2025.
- Sessions increased to 653,681 thousand, but Revenue per Session (RPS) fell to $0.03.
Price Impact
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