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Side-by-side financial comparison of Sila Realty Trust, Inc. (SILA) 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 $50.1M, roughly 1.0× Sila Realty Trust, Inc.). Sila Realty Trust, Inc. runs the higher net margin — 10.0% vs -26.0%, a 36.0% gap on every dollar of revenue. On growth, Sila Realty Trust, Inc. posted the faster year-over-year revenue change (7.6% vs -31.3%). Over the past eight quarters, Sila Realty Trust, Inc.'s revenue compounded faster (-0.6% CAGR vs -21.8%).
Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.
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.
SILA vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $51.9M |
| Net Profit | $5.0M | $-13.5M |
| Gross Margin | 88.9% | 41.0% |
| Operating Margin | — | -33.6% |
| Net Margin | 10.0% | -26.0% |
| Revenue YoY | 7.6% | -31.3% |
| Net Profit YoY | -54.9% | 4.8% |
| EPS (diluted) | $0.10 | $-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 | $50.1M | $51.9M | ||
| Q3 25 | $49.8M | $61.6M | ||
| Q2 25 | $48.7M | $78.1M | ||
| Q1 25 | $48.3M | $74.5M | ||
| Q4 24 | $46.5M | $75.6M | ||
| Q3 24 | $46.1M | $88.8M | ||
| Q2 24 | $43.6M | $94.6M | ||
| Q1 24 | $50.6M | $84.9M |
| Q4 25 | $5.0M | $-13.5M | ||
| Q3 25 | $11.6M | $-18.5M | ||
| Q2 25 | $8.6M | $-17.5M | ||
| Q1 25 | $7.9M | $-15.9M | ||
| Q4 24 | $11.1M | $-14.2M | ||
| Q3 24 | $11.9M | $-23.6M | ||
| Q2 24 | $4.6M | $-26.4M | ||
| Q1 24 | $15.0M | $-10.5M |
| Q4 25 | 88.9% | 41.0% | ||
| Q3 25 | 88.1% | 36.9% | ||
| Q2 25 | 87.7% | 35.7% | ||
| Q1 25 | 86.9% | 38.2% | ||
| Q4 24 | 87.3% | 42.1% | ||
| Q3 24 | 87.4% | 28.0% | ||
| Q2 24 | 86.6% | 27.6% | ||
| Q1 24 | 89.0% | 21.9% |
| Q4 25 | — | -33.6% | ||
| Q3 25 | — | -25.3% | ||
| Q2 25 | — | -20.4% | ||
| Q1 25 | — | -17.6% | ||
| Q4 24 | — | -15.7% | ||
| Q3 24 | — | -24.6% | ||
| Q2 24 | — | -30.8% | ||
| Q1 24 | — | -30.4% |
| Q4 25 | 10.0% | -26.0% | ||
| Q3 25 | 23.3% | -30.1% | ||
| Q2 25 | 17.6% | -22.4% | ||
| Q1 25 | 16.4% | -21.3% | ||
| Q4 24 | 23.9% | -18.7% | ||
| Q3 24 | 25.9% | -26.6% | ||
| Q2 24 | 10.6% | -27.9% | ||
| Q1 24 | 29.6% | -12.4% |
| Q4 25 | $0.10 | $-3.58 | ||
| Q3 25 | $0.21 | $-2.30 | ||
| Q2 25 | $0.15 | $-2.23 | ||
| Q1 25 | $0.14 | $-0.21 | ||
| Q4 24 | $0.20 | $-3.41 | ||
| Q3 24 | $0.21 | $-3.37 | ||
| Q2 24 | $0.08 | $-3.80 | ||
| Q1 24 | $0.26 | $-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 | $32.3M | $86.9M |
| Total DebtLower is stronger | — | $305.1M |
| Stockholders' EquityBook value | $1.3B | $30.5M |
| Total Assets | $2.1B | $405.0M |
| Debt / EquityLower = less leverage | — | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.3M | $86.9M | ||
| Q3 25 | $27.7M | $54.6M | ||
| Q2 25 | $24.8M | $63.6M | ||
| Q1 25 | $30.5M | $43.9M | ||
| Q4 24 | $39.8M | $63.6M | ||
| Q3 24 | $28.6M | $69.1M | ||
| Q2 24 | $87.0M | $75.7M | ||
| Q1 24 | $90.2M | $69.9M |
| Q4 25 | — | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
| Q4 25 | $1.3B | $30.5M | ||
| Q3 25 | $1.3B | $42.7M | ||
| Q2 25 | $1.4B | $58.2M | ||
| Q1 25 | $1.4B | $67.2M | ||
| Q4 24 | $1.4B | $80.3M | ||
| Q3 24 | $1.4B | $90.3M | ||
| Q2 24 | $1.5B | $109.4M | ||
| Q1 24 | $1.5B | $131.7M |
| Q4 25 | $2.1B | $405.0M | ||
| Q3 25 | $2.1B | $385.2M | ||
| Q2 25 | $2.0B | $429.2M | ||
| Q1 25 | $2.0B | $419.2M | ||
| Q4 24 | $2.0B | $459.1M | ||
| Q3 24 | $2.0B | $479.3M | ||
| Q2 24 | $2.1B | $511.3M | ||
| Q1 24 | $2.1B | $521.1M |
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 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 | $119.1M | $-10.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 23.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $119.1M | $-10.6M | ||
| Q3 25 | $30.0M | $-2.1M | ||
| Q2 25 | $31.9M | $24.5M | ||
| Q1 25 | $24.1M | $-15.9M | ||
| Q4 24 | $132.8M | $772.0K | ||
| Q3 24 | $29.1M | $-5.0K | ||
| Q2 24 | $31.6M | $10.0M | ||
| Q1 24 | $36.6M | $-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 | 23.76× | — | ||
| Q3 25 | 2.59× | — | ||
| Q2 25 | 3.71× | — | ||
| Q1 25 | 3.06× | — | ||
| Q4 24 | 11.95× | — | ||
| Q3 24 | 2.43× | — | ||
| Q2 24 | 6.84× | — | ||
| Q1 24 | 2.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
