{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-011636","form_type":"8-K","ticker":"SST","cik":"0001805833","company_name":"System1, Inc.","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.953873+00:00","generated_at":"2026-05-25T01:55:12.171879+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"System1 Q4 revenue down 21% but adjusted EBITDA up 79% YoY to $17.9M; FY2024 net loss narrows 13%","bullets":["Q4 revenue $75.6M (-21% YoY), gross profit $31.8M (+28%), adjusted EBITDA $17.9M (+79%).","FY2024 revenue $343.9M (-14%), net loss $97.3M (-13%), adjusted EBITDA $38.6M (+32%).","Q1 2025 guidance: revenue $69-71M, adjusted EBITDA $9-11M, adjusted gross profit $38-40M.","RAMP campaign launches up 500%+ YoY; CouponFollow organic sessions up 129% YoY.","Google advertising arrangements renewed through 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-011636","json":"https://secwatch.observer/filing/0001628280-25-011636.json","markdown":"https://secwatch.observer/filing/0001628280-25-011636.md","text":"https://secwatch.observer/filing/0001628280-25-011636.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805833/000162828025011636/0001628280-25-011636-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805833/000162828025011636/sst-20250310.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T01:55:12.171879+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}