{"schema_version":"secwatch.filing_event.v1","accession":"0001805833-26-000051","form_type":"8-K","ticker":"SST","cik":"0001805833","company_name":"System1, Inc.","filed_at":"2026-08-05T20:59:46+00:00","discovered_at":"2026-08-05T21:02:00.310277+00:00","generated_at":"2026-08-05T21:02:32.882554+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"System1 Q2 2026 revenue $30.2M, down 61% YoY; net loss $15.3M","bullets":["Revenue $30.2M in Q2 2026, down from $78.1M in Q2 2025 and $37.2M in Q1 2026.","Operating loss of $8.3M improved from $51.0M loss in Q1 2026 but still negative.","Net loss from continuing ops $15.3M; Adjusted EBITDA $1.9M vs $11.7M a year ago.","Marketing revenue $10.7M (down 80% YoY); Products revenue $19.5M (down 19% YoY).","Sessions 686.9M, up 31% YoY; RPS $0.03 vs $0.05 in Q2 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001805833-26-000051","json":"https://secwatch.observer/filing/0001805833-26-000051.json","markdown":"https://secwatch.observer/filing/0001805833-26-000051.md","text":"https://secwatch.observer/filing/0001805833-26-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805833/000180583326000051/0001805833-26-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805833/000180583326000051/sst-20260805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-05T21:02:32.882554+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"}