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Side-by-side financial comparison of Maison Solutions Inc. (MSS) 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 $27.6M, roughly 1.9× Maison Solutions Inc.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -26.0%, a 8.0% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -31.3%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -21.8%).
Maison Solutions Inc.MSSEarnings & Financial Report
Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.
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.
MSS vs SST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $27.6M | $51.9M |
| Net Profit | $-5.0M | $-13.5M |
| Gross Margin | 23.4% | 41.0% |
| Operating Margin | -4.9% | -33.6% |
| Net Margin | -18.0% | -26.0% |
| Revenue YoY | -10.9% | -31.3% |
| Net Profit YoY | -1840.5% | 4.8% |
| EPS (diluted) | $-0.23 | $-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 | $27.6M | $51.9M | ||
| Q3 25 | $27.2M | $61.6M | ||
| Q2 25 | $34.4M | $78.1M | ||
| Q1 25 | $32.3M | $74.5M | ||
| Q4 24 | $29.4M | $75.6M | ||
| Q3 24 | $28.2M | $88.8M | ||
| Q2 24 | $16.9M | $94.6M | ||
| Q1 24 | $13.6M | $84.9M |
| Q4 25 | $-5.0M | $-13.5M | ||
| Q3 25 | $-1.5M | $-18.5M | ||
| Q2 25 | $-287.4K | $-17.5M | ||
| Q1 25 | $1.0M | $-15.9M | ||
| Q4 24 | $-256.0K | $-14.2M | ||
| Q3 24 | $700.9K | $-23.6M | ||
| Q2 24 | $-2.8M | $-26.4M | ||
| Q1 24 | $-549.0K | $-10.5M |
| Q4 25 | 23.4% | 41.0% | ||
| Q3 25 | 24.1% | 36.9% | ||
| Q2 25 | 9.5% | 35.7% | ||
| Q1 25 | 21.8% | 38.2% | ||
| Q4 24 | 26.9% | 42.1% | ||
| Q3 24 | 28.9% | 28.0% | ||
| Q2 24 | 13.0% | 27.6% | ||
| Q1 24 | 23.4% | 21.9% |
| Q4 25 | -4.9% | -33.6% | ||
| Q3 25 | 0.7% | -25.3% | ||
| Q2 25 | -15.9% | -20.4% | ||
| Q1 25 | 3.7% | -17.6% | ||
| Q4 24 | 3.2% | -15.7% | ||
| Q3 24 | 7.3% | -24.6% | ||
| Q2 24 | -14.4% | -30.8% | ||
| Q1 24 | -2.3% | -30.4% |
| Q4 25 | -18.0% | -26.0% | ||
| Q3 25 | -5.7% | -30.1% | ||
| Q2 25 | -0.8% | -22.4% | ||
| Q1 25 | 3.1% | -21.3% | ||
| Q4 24 | -0.9% | -18.7% | ||
| Q3 24 | 2.5% | -26.6% | ||
| Q2 24 | -16.4% | -27.9% | ||
| Q1 24 | -4.0% | -12.4% |
| Q4 25 | $-0.23 | $-3.58 | ||
| Q3 25 | $-0.08 | $-2.30 | ||
| Q2 25 | $-0.02 | $-2.23 | ||
| Q1 25 | $0.06 | $-0.21 | ||
| Q4 24 | $-0.01 | $-3.41 | ||
| Q3 24 | $0.04 | $-3.37 | ||
| Q2 24 | $-0.16 | $-3.80 | ||
| Q1 24 | $-0.03 | $-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 | — | $86.9M |
| Total DebtLower is stronger | $2.6M | $305.1M |
| Stockholders' EquityBook value | $11.6M | $30.5M |
| Total Assets | $75.4M | $405.0M |
| Debt / EquityLower = less leverage | 0.22× | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $86.9M | ||
| Q3 25 | $1.1M | $54.6M | ||
| Q2 25 | $775.4K | $63.6M | ||
| Q1 25 | $445.4K | $43.9M | ||
| Q4 24 | $355.7K | $63.6M | ||
| Q3 24 | $588.9K | $69.1M | ||
| Q2 24 | $2.1M | $75.7M | ||
| Q1 24 | $9.4M | $69.9M |
| Q4 25 | $2.6M | $305.1M | ||
| Q3 25 | $2.6M | $259.2M | ||
| Q2 25 | $2.6M | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | $2.5M | $259.2M | ||
| Q2 24 | $2.6M | $263.3M | ||
| Q1 24 | $2.6M | $268.6M |
| Q4 25 | $11.6M | $30.5M | ||
| Q3 25 | $10.1M | $42.7M | ||
| Q2 25 | $11.7M | $58.2M | ||
| Q1 25 | $12.0M | $67.2M | ||
| Q4 24 | $10.9M | $80.3M | ||
| Q3 24 | $11.2M | $90.3M | ||
| Q2 24 | $10.5M | $109.4M | ||
| Q1 24 | $13.3M | $131.7M |
| Q4 25 | $75.4M | $405.0M | ||
| Q3 25 | $73.3M | $385.2M | ||
| Q2 25 | $77.4M | $429.2M | ||
| Q1 25 | $82.7M | $419.2M | ||
| Q4 24 | $82.7M | $459.1M | ||
| Q3 24 | $82.1M | $479.3M | ||
| Q2 24 | $82.4M | $511.3M | ||
| Q1 24 | $44.2M | $521.1M |
| Q4 25 | 0.22× | 10.01× | ||
| Q3 25 | 0.26× | 6.07× | ||
| Q2 25 | 0.22× | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | 0.23× | 2.87× | ||
| Q2 24 | 0.24× | 2.41× | ||
| Q1 24 | 0.19× | 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 | $-1.7M | $-10.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.7M | $-10.6M | ||
| Q3 25 | $1.1M | $-2.1M | ||
| Q2 25 | $-1.6M | $24.5M | ||
| Q1 25 | $1.7M | $-15.9M | ||
| Q4 24 | $1.1M | $772.0K | ||
| Q3 24 | $3.6M | $-5.0K | ||
| Q2 24 | $-2.6M | $10.0M | ||
| Q1 24 | $-1.4M | $-16.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-16.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-36.0K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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 24 | — | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.66× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.12× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
SST
Segment breakdown not available.
