---
title: "System1 Reports Q2 Revenue Amid Ongoing Operating Losses"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295022134.md"
description: "System1 reported Q2 2026 revenue of $30.2 million with an operating loss of $8.3 million and net loss of $12.6 million, despite positive adjusted EBITDA of $1.9 million. Revenue declined year-over-year as active partners fell, though revenue per partner rose. Analysts rate the stock a Buy with an $8.00 target, while TipRanks' AI suggests Neutral due to weak financials and bearish technicals."
datetime: "2026-08-05T21:53:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295022134.md)
  - [en](https://longbridge.com/en/news/295022134.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295022134.md)
generator: "portal-rs"
---

# System1 Reports Q2 Revenue Amid Ongoing Operating Losses

System1 ( (SST) ) has issued an announcement.

On August 5, 2026, System1, Inc. reported unaudited results for the quarter ended June 30, 2026, showing revenue of $30.2 million and continued operating losses, including an operating loss of $8.3 million and a net loss of $12.6 million. The quarter also reflected a significant cost structure, with total operating expenses of $38.5 million, elevated depreciation and amortization, and continued pressure from interest expense.

Non-GAAP metrics showed adjusted EBITDA of $1.9 million for the quarter, indicating modest underlying profitability despite the headline losses. Operationally, marketing revenue and product revenue declined year over year, while the number of active marketing partners fell and revenue per partner rose, highlighting an ongoing shift in partner mix and monetization efficiency that may affect future growth and margins.

The most recent analyst rating on (SST) stock is a Buy  
 with a $8.00 price target.  
 To see the full list of analyst forecasts on System1 stock,  
 see the SST Stock Forecast page. 

**Spark’s Take on SST Stock**

According to Spark, TipRanks’ AI Analyst, SST is a Neutral.

The score is driven primarily by weak financial performance (declining revenue, large losses, and negative cash flow) and bearish technicals (price below key moving averages with negative MACD). Corporate actions to restructure and reduce debt provide some offset, but negative equity and ongoing operating pressure keep the overall profile low.

To see Spark’s full report on SST stock,  
 click here. 

**More about System1**

System1, Inc. operates in the digital marketing and online advertising industry, generating revenue from marketing services and products delivered via owned-and-operated websites and partner networks. Its business model focuses on monetizing user traffic and sessions across its platforms, with marketing revenue split between proprietary properties and third-party marketing partners.

**Average Trading Volume:** 227,728

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $17.41M

Learn more about SST stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**