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Side-by-side financial comparison of Hyperscale Data, Inc. (GPUS) and System1, Inc. (SST). Click either name above to swap in a different company.
System1, Inc. is the larger business by last-quarter revenue ($51.9M vs $26.9M, roughly 1.9× Hyperscale Data, Inc.). System1, Inc. runs the higher net margin — -26.0% vs -112.0%, a 86.0% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs -31.3%). Over the past eight quarters, Hyperscale Data, Inc.'s revenue compounded faster (-16.3% CAGR vs -21.8%).
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
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.
GPUS vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.9M | $51.9M |
| Net Profit | $-30.1M | $-13.5M |
| Gross Margin | 14.5% | 41.0% |
| Operating Margin | -117.8% | -33.6% |
| Net Margin | -112.0% | -26.0% |
| Revenue YoY | 38.4% | -31.3% |
| Net Profit YoY | -6670.3% | 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.
| Q4 25 | $26.9M | $51.9M | ||
| Q3 25 | $24.3M | $61.6M | ||
| Q2 25 | $25.9M | $78.1M | ||
| Q1 25 | $25.0M | $74.5M | ||
| Q4 24 | $19.4M | $75.6M | ||
| Q3 24 | $31.1M | $88.8M | ||
| Q2 24 | $17.8M | $94.6M | ||
| Q1 24 | $38.4M | $84.9M |
| Q4 25 | $-30.1M | $-13.5M | ||
| Q3 25 | $-13.0M | $-18.5M | ||
| Q2 25 | $-19.1M | $-17.5M | ||
| Q1 25 | $-4.2M | $-15.9M | ||
| Q4 24 | $-445.0K | $-14.2M | ||
| Q3 24 | $-25.5M | $-23.6M | ||
| Q2 24 | $-33.9M | $-26.4M | ||
| Q1 24 | $3.7M | $-10.5M |
| Q4 25 | 14.5% | 41.0% | ||
| Q3 25 | 25.8% | 36.9% | ||
| Q2 25 | 23.7% | 35.7% | ||
| Q1 25 | 21.1% | 38.2% | ||
| Q4 24 | 6.5% | 42.1% | ||
| Q3 24 | 27.5% | 28.0% | ||
| Q2 24 | -21.3% | 27.6% | ||
| Q1 24 | 47.4% | 21.9% |
| Q4 25 | -117.8% | -33.6% | ||
| Q3 25 | -57.8% | -25.3% | ||
| Q2 25 | -39.2% | -20.4% | ||
| Q1 25 | -25.5% | -17.6% | ||
| Q4 24 | -46.8% | -15.7% | ||
| Q3 24 | -79.2% | -24.6% | ||
| Q2 24 | -151.4% | -30.8% | ||
| Q1 24 | 9.5% | -30.4% |
| Q4 25 | -112.0% | -26.0% | ||
| Q3 25 | -53.5% | -30.1% | ||
| Q2 25 | -73.7% | -22.4% | ||
| Q1 25 | -16.8% | -21.3% | ||
| Q4 24 | -2.3% | -18.7% | ||
| Q3 24 | -82.3% | -26.6% | ||
| Q2 24 | -190.7% | -27.9% | ||
| Q1 24 | 9.7% | -12.4% |
| Q4 25 | — | $-3.58 | ||
| Q3 25 | $-0.39 | $-2.30 | ||
| Q2 25 | $-2.66 | $-2.23 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | $-8.78 | $-3.41 | ||
| Q3 24 | $-24.82 | $-3.37 | ||
| Q2 24 | $-37.81 | $-3.80 | ||
| Q1 24 | $3.32 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.1M | $86.9M |
| Total DebtLower is stronger | $83.1M | $305.1M |
| Stockholders' EquityBook value | $119.8M | $30.5M |
| Total Assets | $313.7M | $405.0M |
| Debt / EquityLower = less leverage | 0.69× | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $86.9M | ||
| Q3 25 | $24.8M | $54.6M | ||
| Q2 25 | $5.9M | $63.6M | ||
| Q1 25 | $4.2M | $43.9M | ||
| Q4 24 | $4.5M | $63.6M | ||
| Q3 24 | $7.9M | $69.1M | ||
| Q2 24 | $9.6M | $75.7M | ||
| Q1 24 | $18.9M | $69.9M |
| Q4 25 | $83.1M | $305.1M | ||
| Q3 25 | $80.0M | $259.2M | ||
| Q2 25 | $88.5M | $263.3M | ||
| Q1 25 | $92.8M | $267.4M | ||
| Q4 24 | $96.7M | $255.1M | ||
| Q3 24 | $104.8M | $259.2M | ||
| Q2 24 | $106.8M | $263.3M | ||
| Q1 24 | $30.0M | $268.6M |
| Q4 25 | $119.8M | $30.5M | ||
| Q3 25 | $55.9M | $42.7M | ||
| Q2 25 | $5.5M | $58.2M | ||
| Q1 25 | $6.3M | $67.2M | ||
| Q4 24 | $8.6M | $80.3M | ||
| Q3 24 | $2.7M | $90.3M | ||
| Q2 24 | $26.7M | $109.4M | ||
| Q1 24 | $59.0M | $131.7M |
| Q4 25 | $313.7M | $405.0M | ||
| Q3 25 | $242.4M | $385.2M | ||
| Q2 25 | $213.5M | $429.2M | ||
| Q1 25 | $218.5M | $419.2M | ||
| Q4 24 | $220.8M | $459.1M | ||
| Q3 24 | $231.5M | $479.3M | ||
| Q2 24 | $270.8M | $511.3M | ||
| Q1 24 | $299.8M | $521.1M |
| Q4 25 | 0.69× | 10.01× | ||
| Q3 25 | 1.43× | 6.07× | ||
| Q2 25 | 16.06× | 4.53× | ||
| Q1 25 | 14.71× | 3.98× | ||
| Q4 24 | 11.19× | 3.18× | ||
| Q3 24 | 38.41× | 2.87× | ||
| Q2 24 | 4.00× | 2.41× | ||
| Q1 24 | 0.51× | 2.04× |
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 | $-37.7M | $-10.6M |
| Free Cash FlowOCF − Capex | $-56.2M | — |
| FCF MarginFCF / Revenue | -208.7% | — |
| Capex IntensityCapex / Revenue | 68.6% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-87.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-37.7M | $-10.6M | ||
| Q3 25 | $-17.8M | $-2.1M | ||
| Q2 25 | $-3.1M | $24.5M | ||
| Q1 25 | $-4.0M | $-15.9M | ||
| Q4 24 | $-9.2M | $772.0K | ||
| Q3 24 | $3.7M | $-5.0K | ||
| Q2 24 | $-3.7M | $10.0M | ||
| Q1 24 | $-10.2M | $-16.0M |
| Q4 25 | $-56.2M | — | ||
| Q3 25 | $-20.6M | — | ||
| Q2 25 | $-3.5M | — | ||
| Q1 25 | $-6.8M | $-16.0M | ||
| Q4 24 | $-9.3M | — | ||
| Q3 24 | $2.6M | $-36.0K | ||
| Q2 24 | $-5.9M | — | ||
| Q1 24 | $-11.6M | — |
| Q4 25 | -208.7% | — | ||
| Q3 25 | -84.5% | — | ||
| Q2 25 | -13.5% | — | ||
| Q1 25 | -27.3% | -21.5% | ||
| Q4 24 | -47.6% | — | ||
| Q3 24 | 8.4% | -0.0% | ||
| Q2 24 | -33.4% | — | ||
| Q1 24 | -30.3% | — |
| Q4 25 | 68.6% | 0.0% | ||
| Q3 25 | 11.5% | 0.0% | ||
| Q2 25 | 1.5% | 0.0% | ||
| Q1 25 | 11.5% | 0.1% | ||
| Q4 24 | 0.3% | 0.0% | ||
| Q3 24 | 3.6% | 0.0% | ||
| Q2 24 | 12.6% | 0.0% | ||
| Q1 24 | 3.7% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -2.75× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
SST
Segment breakdown not available.
