vs
Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and System1, Inc. (SST). Click either name above to swap in a different company.
ACADIA REALTY TRUST is the larger business by last-quarter revenue ($103.0M vs $51.9M, roughly 2.0× System1, Inc.). ACADIA REALTY TRUST runs the higher net margin — 135.1% vs -26.0%, a 161.0% gap on every dollar of revenue. On growth, ACADIA REALTY TRUST posted the faster year-over-year revenue change (-1.3% vs -31.3%). Over the past eight quarters, ACADIA REALTY TRUST's revenue compounded faster (7.0% CAGR vs -21.8%).
Acadia Realty Trust is a publicly traded real estate investment trust (REIT) that specializes in owning, operating, and redeveloping high-quality retail and mixed-use properties, primarily in dense, high-barrier-to-entry U.S. markets. Its portfolio includes neighborhood shopping centers, urban street retail assets, and community-focused mixed-use developments.
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
AKR vs SST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $103.0M | $51.9M |
| Net Profit | $139.1M | $-13.5M |
| Gross Margin | — | 41.0% |
| Operating Margin | 153.9% | -33.6% |
| Net Margin | 135.1% | -26.0% |
| Revenue YoY | -1.3% | -31.3% |
| Net Profit YoY | -58.2% | 4.8% |
| EPS (diluted) | — | $-3.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $103.0M | — | ||
| Q4 25 | — | $51.9M | ||
| Q3 25 | — | $61.6M | ||
| Q2 25 | — | $78.1M | ||
| Q1 25 | — | $74.5M | ||
| Q4 24 | $93.3M | $75.6M | ||
| Q3 24 | $87.7M | $88.8M | ||
| Q2 24 | $87.3M | $94.6M |
| Q1 26 | $139.1M | — | ||
| Q4 25 | — | $-13.5M | ||
| Q3 25 | — | $-18.5M | ||
| Q2 25 | — | $-17.5M | ||
| Q1 25 | — | $-15.9M | ||
| Q4 24 | $1.2M | $-14.2M | ||
| Q3 24 | $12.3M | $-23.6M | ||
| Q2 24 | $1.6M | $-26.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 27.6% |
| Q1 26 | 153.9% | — | ||
| Q4 25 | — | -33.6% | ||
| Q3 25 | — | -25.3% | ||
| Q2 25 | — | -20.4% | ||
| Q1 25 | — | -17.6% | ||
| Q4 24 | 17.5% | -15.7% | ||
| Q3 24 | 19.9% | -24.6% | ||
| Q2 24 | 20.4% | -30.8% |
| Q1 26 | 135.1% | — | ||
| Q4 25 | — | -26.0% | ||
| Q3 25 | — | -30.1% | ||
| Q2 25 | — | -22.4% | ||
| Q1 25 | — | -21.3% | ||
| Q4 24 | 1.2% | -18.7% | ||
| Q3 24 | 14.0% | -26.6% | ||
| Q2 24 | 1.8% | -27.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-3.58 | ||
| Q3 25 | — | $-2.30 | ||
| Q2 25 | — | $-2.23 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | $0.08 | $-3.41 | ||
| Q3 24 | $0.07 | $-3.37 | ||
| Q2 24 | $0.01 | $-3.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.4M | $86.9M |
| Total DebtLower is stronger | — | $305.1M |
| Stockholders' EquityBook value | $2.6B | $30.5M |
| Total Assets | $4.5B | $405.0M |
| Debt / EquityLower = less leverage | — | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4M | — | ||
| Q4 25 | — | $86.9M | ||
| Q3 25 | — | $54.6M | ||
| Q2 25 | — | $63.6M | ||
| Q1 25 | — | $43.9M | ||
| Q4 24 | $16.8M | $63.6M | ||
| Q3 24 | $46.2M | $69.1M | ||
| Q2 24 | $31.9M | $75.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | $1.5B | $255.1M | ||
| Q3 24 | $1.6B | $259.2M | ||
| Q2 24 | $1.7B | $263.3M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $42.7M | ||
| Q2 25 | — | $58.2M | ||
| Q1 25 | — | $67.2M | ||
| Q4 24 | $2.1B | $80.3M | ||
| Q3 24 | $1.9B | $90.3M | ||
| Q2 24 | $1.8B | $109.4M |
| Q1 26 | $4.5B | — | ||
| Q4 25 | — | $405.0M | ||
| Q3 25 | — | $385.2M | ||
| Q2 25 | — | $429.2M | ||
| Q1 25 | — | $419.2M | ||
| Q4 24 | $4.4B | $459.1M | ||
| Q3 24 | $4.3B | $479.3M | ||
| Q2 24 | $4.3B | $511.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | 0.74× | 3.18× | ||
| Q3 24 | 0.82× | 2.87× | ||
| Q2 24 | 0.95× | 2.41× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-10.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 1.7% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.6M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $24.5M | ||
| Q1 25 | — | $-15.9M | ||
| Q4 24 | $140.4M | $772.0K | ||
| Q3 24 | $44.6M | $-5.0K | ||
| Q2 24 | $32.0M | $10.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-16.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-36.0K | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | — |
| Q1 26 | 1.7% | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 121.08× | — | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 20.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AKR
| Rental | $98.6M | 96% |
| Other | $4.4M | 4% |
SST
Segment breakdown not available.
