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60 /100
HIGH RISK
Score updated Oct 13, 2026

SST — System1, Inc. Dilution Risk Tracker

Track SST dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, System1, Inc. (SST) has a DilutionWatch DilutionScore of 60/100, rated HIGH dilution risk. System1, Inc. has a market capitalization of $200.29M, 91.46M shares outstanding, 10 institutional holders tracked. Stored dilution-related fields include 16.80M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
34
💰 Cash Runway
65
📊 Float Risk
100
⚠️ Warrant Exposure
50
🔄 Convertible Debt
40

Dilution Forecast

⛅
Watch
Minor dilution signals detected
model est. 19%
📜 Warrant Exercise model 25%
• Significant warrants: 18% of shares outstanding
💰 Capital Raise model 15%
• Under 12 months cash (8mo)
📉 Score Deterioration model 10%
• Score in HIGH risk zone (60/100)
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Market Data

Market Cap$200.29M
Shares Outstanding91.46M
Float4.51M
Cash$40.48M
Debt$291.80M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore60/100DilutionWatch score record
Shares Outstanding91.46MVerified float table or market cache
Public Float4.51MVerified float table or market cache
Market Cap$200.29MMarket data cache
Cash Runway7.6 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants16.80MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 4 5, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

10 institutional holders · 799.9K shares
#1 Cannae Holdings, Inc. 356.8K shares
#2 Bank of America Corporation 161.5K shares
#3 Cerity Partners LLC 116.8K shares
+ 7 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest324.3K
Days to Cover1.3
% of Float7.2%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-03-11
4 INSIDER TRANSACTION 2026-01-29
4 INSIDER TRANSACTION 2026-01-29
4 INSIDER TRANSACTION 2026-01-29
4 INSIDER TRANSACTION 2026-01-29
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual SST Dilution Snapshot

System1, Inc. (SST) has a DilutionScore of 60/100, rated High dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

SST's DilutionScore is currently 60/100 (High risk), with 2 score changes tracked over 89 days. The score improved from 57/100 (High risk).

Period Score Risk Level Duration
Oct 01 – Oct 13, 202660/100HIGH13 days
Aug 14 – Sep 30, 202657/100HIGH47 days
Jul 16 – Aug 13, 202654/100HIGH29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

SST shares outstanding have increased 0.3% from 8.13M (Mar 2026) to 8.15M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 14, 20268.15M4.51M▲ 0.83%
Apr 27, 20268.08M4.47M▼ 0.63%
Mar 17, 20268.08M4.50M▼ 0.44%
Mar 14, 20268.13M4.52M▼ 0.55%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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