Risk factors

System1 (SST) risk factors

Item 1A of every System1, Inc. 10-K on file, and what changed from one year to the next.

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  • FY2025 10-K risk factors

    60 risks, 9 new, 4 dropped, 8 reworded since the prior year. System1 faces severe going concern doubts, $255.1 million in debt maturing in July 2027, and potential NYSE delisting over low market capitalization.

    Filed Mar 11, 2026
  • FY2024 10-K risk factors

    55 risks. Revenue heavily relies on the RAMP platform, Google syndication agreements, and large-scale acquisition channels like Meta, TikTok, and Outbrain.

    Filed Mar 10, 2025