secwatch.observer — SEC 8-K summary
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Issuer:     System1, Inc. (SST)
CIK:        0001805833
Form:       8-K
Filed at:   2026-08-05T20:59:46+00:00
Accession:  0001805833-26-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

System1 Q2 2026 revenue $30.2M, down 61% YoY; net loss $15.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805833/000180583326000051/0001805833-26-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805833/000180583326000051/sst-20260805.htm
  HTML page:      https://secwatch.observer/filing/0001805833-26-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer