System1 Inc (SST) — Tangible Net Worth Ratio
System1 Inc (SST) has a Tangible Net Worth Ratio of -750.2% as of December 2025. This metric is calculated by deducting intangible assets ($148.09 Million) from net assets ($17.42 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore System1 Inc equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
System1 Inc Tangible Net Worth Ratio (2020–2025)
This chart shows how System1 Inc's Tangible Net Worth Ratio has changed across 5 annual periods from 2020 to 2025. As of December 2025, the ratio stands at -750.2%, reflecting net assets of $17.42 Million with intangible assets of $148.09 Million USD. Check System1 Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for System1 Inc (2020–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for System1 Inc from 2020 to 2025, covering 5 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see how much is System1 Inc worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -750.2% | $17.42 Million | $148.09 Million | $404.97 Million | ▼ -588.6 pp |
| 2024 | -161.6% | $85.00 Million | $222.34 Million | $459.13 Million | ▼ -79.4 pp |
| 2023 | -82.2% | $169.31 Million | $308.43 Million | $605.47 Million | ▼ -101.7 pp |
| 2022 | 19.6% | $470.67 Million | $378.61 Million | $1.16 Billion | ▼ -64.7 pp |
| 2020 | 84.3% | $436.17 Million | $68.67 Million | $518.55 Million | — |