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Side-by-side financial comparison of System1, Inc. (SST) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $51.9M, roughly 2.0× System1, Inc.). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -26.0%, a 36.2% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -31.3%). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs -21.8%).
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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
SST vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.9M | $103.6M |
| Net Profit | $-13.5M | $10.6M |
| Gross Margin | 41.0% | 78.2% |
| Operating Margin | -33.6% | 18.1% |
| Net Margin | -26.0% | 10.3% |
| Revenue YoY | -31.3% | 21.0% |
| Net Profit YoY | 4.8% | 9.4% |
| EPS (diluted) | $-3.58 | $0.45 |
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 | $51.9M | $103.6M | ||
| Q3 25 | $61.6M | $85.8M | ||
| Q2 25 | $78.1M | $78.9M | ||
| Q1 25 | $74.5M | $61.3M | ||
| Q4 24 | $75.6M | $85.6M | ||
| Q3 24 | $88.8M | $73.1M | ||
| Q2 24 | $94.6M | $73.2M | ||
| Q1 24 | $84.9M | $61.1M |
| Q4 25 | $-13.5M | $10.6M | ||
| Q3 25 | $-18.5M | $8.2M | ||
| Q2 25 | $-17.5M | $3.2M | ||
| Q1 25 | $-15.9M | $-3.0M | ||
| Q4 24 | $-14.2M | $9.7M | ||
| Q3 24 | $-23.6M | $5.2M | ||
| Q2 24 | $-26.4M | $4.3M | ||
| Q1 24 | $-10.5M | $-2.2M |
| Q4 25 | 41.0% | 78.2% | ||
| Q3 25 | 36.9% | 75.8% | ||
| Q2 25 | 35.7% | 74.5% | ||
| Q1 25 | 38.2% | 74.0% | ||
| Q4 24 | 42.1% | 75.2% | ||
| Q3 24 | 28.0% | 75.0% | ||
| Q2 24 | 27.6% | 73.9% | ||
| Q1 24 | 21.9% | 71.1% |
| Q4 25 | -33.6% | 18.1% | ||
| Q3 25 | -25.3% | 12.8% | ||
| Q2 25 | -20.4% | 5.2% | ||
| Q1 25 | -17.6% | -7.4% | ||
| Q4 24 | -15.7% | 14.6% | ||
| Q3 24 | -24.6% | 9.3% | ||
| Q2 24 | -30.8% | 8.0% | ||
| Q1 24 | -30.4% | -4.9% |
| Q4 25 | -26.0% | 10.3% | ||
| Q3 25 | -30.1% | 9.6% | ||
| Q2 25 | -22.4% | 4.1% | ||
| Q1 25 | -21.3% | -4.9% | ||
| Q4 24 | -18.7% | 11.4% | ||
| Q3 24 | -26.6% | 7.1% | ||
| Q2 24 | -27.9% | 5.9% | ||
| Q1 24 | -12.4% | -3.6% |
| Q4 25 | $-3.58 | $0.45 | ||
| Q3 25 | $-2.30 | $0.36 | ||
| Q2 25 | $-2.23 | $0.14 | ||
| Q1 25 | $-0.21 | $-0.13 | ||
| Q4 24 | $-3.41 | $0.40 | ||
| Q3 24 | $-3.37 | $0.21 | ||
| Q2 24 | $-3.80 | $0.18 | ||
| Q1 24 | $-0.16 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $305.1M | $0 |
| Stockholders' EquityBook value | $30.5M | $218.9M |
| Total Assets | $405.0M | $273.9M |
| Debt / EquityLower = less leverage | 10.01× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.9M | $83.4M | ||
| Q3 25 | $54.6M | $66.0M | ||
| Q2 25 | $63.6M | $81.5M | ||
| Q1 25 | $43.9M | $83.6M | ||
| Q4 24 | $63.6M | $94.4M | ||
| Q3 24 | $69.1M | $82.1M | ||
| Q2 24 | $75.7M | $73.6M | ||
| Q1 24 | $69.9M | $60.7M |
| Q4 25 | $305.1M | $0 | ||
| Q3 25 | $259.2M | $0 | ||
| Q2 25 | $263.3M | — | ||
| Q1 25 | $267.4M | — | ||
| Q4 24 | $255.1M | — | ||
| Q3 24 | $259.2M | $27.0M | ||
| Q2 24 | $263.3M | $27.8M | ||
| Q1 24 | $268.6M | $28.5M |
| Q4 25 | $30.5M | $218.9M | ||
| Q3 25 | $42.7M | $204.9M | ||
| Q2 25 | $58.2M | $194.9M | ||
| Q1 25 | $67.2M | $205.6M | ||
| Q4 24 | $80.3M | $216.6M | ||
| Q3 24 | $90.3M | $207.9M | ||
| Q2 24 | $109.4M | $200.7M | ||
| Q1 24 | $131.7M | $193.5M |
| Q4 25 | $405.0M | $273.9M | ||
| Q3 25 | $385.2M | $259.2M | ||
| Q2 25 | $429.2M | $273.0M | ||
| Q1 25 | $419.2M | $280.2M | ||
| Q4 24 | $459.1M | $297.9M | ||
| Q3 24 | $479.3M | $287.7M | ||
| Q2 24 | $511.3M | $278.8M | ||
| Q1 24 | $521.1M | $272.0M |
| Q4 25 | 10.01× | 0.00× | ||
| Q3 25 | 6.07× | 0.00× | ||
| Q2 25 | 4.53× | — | ||
| Q1 25 | 3.98× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 2.87× | 0.13× | ||
| Q2 24 | 2.41× | 0.14× | ||
| Q1 24 | 2.04× | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | — | $16.8M |
| FCF MarginFCF / Revenue | — | 16.2% |
| Capex IntensityCapex / Revenue | 0.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.6M | $17.3M | ||
| Q3 25 | $-2.1M | $10.3M | ||
| Q2 25 | $24.5M | $14.8M | ||
| Q1 25 | $-15.9M | $417.0K | ||
| Q4 24 | $772.0K | $16.3M | ||
| Q3 24 | $-5.0K | $10.3M | ||
| Q2 24 | $10.0M | $13.1M | ||
| Q1 24 | $-16.0M | $924.0K |
| Q4 25 | — | $16.8M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | $-16.0M | $38.0K | ||
| Q4 24 | — | $15.9M | ||
| Q3 24 | $-36.0K | $9.3M | ||
| Q2 24 | — | $12.6M | ||
| Q1 24 | — | $442.0K |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | -21.5% | 0.1% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | -0.0% | 12.7% | ||
| Q2 24 | — | 17.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | 0.0% | 0.5% | ||
| Q1 25 | 0.1% | 0.6% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.0% | 1.3% | ||
| Q2 24 | 0.0% | 0.7% | ||
| Q1 24 | 0.0% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SST
Segment breakdown not available.
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
