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Side-by-side financial comparison of SMARTFINANCIAL INC. (SMBK) and System1, Inc. (SST). Click either name above to swap in a different company.
SMARTFINANCIAL INC. is the larger business by last-quarter revenue ($53.8M vs $51.9M, roughly 1.0× System1, Inc.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -26.0%, a 51.4% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% CAGR vs -21.8%).
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
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.
SMBK vs SST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $53.8M | $51.9M |
| Net Profit | $13.7M | $-13.5M |
| Gross Margin | — | 41.0% |
| Operating Margin | — | -33.6% |
| Net Margin | 25.4% | -26.0% |
| Revenue YoY | — | -31.3% |
| Net Profit YoY | 21.6% | 4.8% |
| EPS (diluted) | $0.81 | $-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 | $53.8M | — | ||
| Q4 25 | $53.3M | $51.9M | ||
| Q3 25 | $51.1M | $61.6M | ||
| Q2 25 | $49.2M | $78.1M | ||
| Q1 25 | $46.8M | $74.5M | ||
| Q4 24 | $46.8M | $75.6M | ||
| Q3 24 | $44.2M | $88.8M | ||
| Q2 24 | $40.4M | $94.6M |
| Q1 26 | $13.7M | — | ||
| Q4 25 | $13.7M | $-13.5M | ||
| Q3 25 | $13.7M | $-18.5M | ||
| Q2 25 | $11.7M | $-17.5M | ||
| Q1 25 | $11.3M | $-15.9M | ||
| Q4 24 | $9.6M | $-14.2M | ||
| Q3 24 | $9.1M | $-23.6M | ||
| Q2 24 | $8.0M | $-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 | — | — | ||
| Q4 25 | 31.3% | -33.6% | ||
| Q3 25 | 33.2% | -25.3% | ||
| Q2 25 | 29.0% | -20.4% | ||
| Q1 25 | 29.0% | -17.6% | ||
| Q4 24 | 26.5% | -15.7% | ||
| Q3 24 | 24.3% | -24.6% | ||
| Q2 24 | 25.6% | -30.8% |
| Q1 26 | 25.4% | — | ||
| Q4 25 | 25.7% | -26.0% | ||
| Q3 25 | 26.8% | -30.1% | ||
| Q2 25 | 23.8% | -22.4% | ||
| Q1 25 | 24.0% | -21.3% | ||
| Q4 24 | 20.6% | -18.7% | ||
| Q3 24 | 20.7% | -26.6% | ||
| Q2 24 | 19.8% | -27.9% |
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.81 | $-3.58 | ||
| Q3 25 | $0.81 | $-2.30 | ||
| Q2 25 | $0.69 | $-2.23 | ||
| Q1 25 | $0.67 | $-0.21 | ||
| Q4 24 | $0.57 | $-3.41 | ||
| Q3 24 | $0.54 | $-3.37 | ||
| Q2 24 | $0.48 | $-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 | $346.1M | $86.9M |
| Total DebtLower is stronger | — | $305.1M |
| Stockholders' EquityBook value | $562.2M | $30.5M |
| Total Assets | $5.9B | $405.0M |
| Debt / EquityLower = less leverage | — | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $346.1M | — | ||
| Q4 25 | $464.4M | $86.9M | ||
| Q3 25 | $557.1M | $54.6M | ||
| Q2 25 | $365.1M | $63.6M | ||
| Q1 25 | $423.0M | $43.9M | ||
| Q4 24 | $387.6M | $63.6M | ||
| Q3 24 | $192.9M | $69.1M | ||
| Q2 24 | $342.8M | $75.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $305.1M | ||
| Q3 25 | $1.3M | $259.2M | ||
| Q2 25 | $7.0M | $263.3M | ||
| Q1 25 | $7.6M | $267.4M | ||
| Q4 24 | $8.1M | $255.1M | ||
| Q3 24 | $9.0M | $259.2M | ||
| Q2 24 | $12.7M | $263.3M |
| Q1 26 | $562.2M | — | ||
| Q4 25 | $552.4M | $30.5M | ||
| Q3 25 | $538.4M | $42.7M | ||
| Q2 25 | $519.0M | $58.2M | ||
| Q1 25 | $505.8M | $67.2M | ||
| Q4 24 | $491.3M | $80.3M | ||
| Q3 24 | $489.0M | $90.3M | ||
| Q2 24 | $472.5M | $109.4M |
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $405.0M | ||
| Q3 25 | $5.8B | $385.2M | ||
| Q2 25 | $5.5B | $429.2M | ||
| Q1 25 | $5.4B | $419.2M | ||
| Q4 24 | $5.3B | $459.1M | ||
| Q3 24 | $4.9B | $479.3M | ||
| Q2 24 | $4.9B | $511.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.01× | ||
| Q3 25 | 0.00× | 6.07× | ||
| Q2 25 | 0.01× | 4.53× | ||
| Q1 25 | 0.02× | 3.98× | ||
| Q4 24 | 0.02× | 3.18× | ||
| Q3 24 | 0.02× | 2.87× | ||
| Q2 24 | 0.03× | 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 | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $61.7M | $-10.6M | ||
| Q3 25 | $16.9M | $-2.1M | ||
| Q2 25 | $14.0M | $24.5M | ||
| Q1 25 | $14.3M | $-15.9M | ||
| Q4 24 | $52.7M | $772.0K | ||
| Q3 24 | $12.4M | $-5.0K | ||
| Q2 24 | $16.5M | $10.0M |
| Q1 26 | — | — | ||
| Q4 25 | $59.3M | — | ||
| Q3 25 | $16.6M | — | ||
| Q2 25 | $13.2M | — | ||
| Q1 25 | $13.4M | $-16.0M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $11.3M | $-36.0K | ||
| Q2 24 | $15.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 111.3% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 26.9% | — | ||
| Q1 25 | 28.5% | -21.5% | ||
| Q4 24 | 98.9% | — | ||
| Q3 24 | 25.7% | -0.0% | ||
| Q2 24 | 38.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | 0.0% | ||
| Q3 25 | 0.6% | 0.0% | ||
| Q2 25 | 1.6% | 0.0% | ||
| Q1 25 | 2.0% | 0.1% | ||
| Q4 24 | 13.7% | 0.0% | ||
| Q3 24 | 2.4% | 0.0% | ||
| Q2 24 | 2.7% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.50× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | 5.47× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 2.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
SST
Segment breakdown not available.
