System1 (SST) Accumulated Expenses (2020 - 2026)

System1 has disclosed Accumulated Expenses across 7 years of filings, most recently posting $33.3 million for Q1 2026.

• Accumulated Expenses for Q1 2026 came in at $33.3 million, down 45.93% year-over-year; the trailing twelve-month figure through Mar 2026 was $33.3 million (down 45.93% YoY), and the FY2025 annual result was $46.3 million, down 39.27% from the prior year.
• Accumulated Expenses came in at $33.3 million for Q1 2026 at System1, down from $46.3 million in the prior quarter.
• In the past five years, Accumulated Expenses ranged from a high of $98.0 million in Q2 2022 to a low of -$14.6 million in Q1 2023.
• The 5-year median for Accumulated Expenses is $61.5 million (2025), against an average of $58.3 million.
• Across the five-year window, Accumulated Expenses soared 5327.57% in 2022 and plunged 124.47% in 2023, its largest moves.
• System1's Accumulated Expenses stood at $85.8 million in 2022, then sank by 30.85% to $59.3 million in 2023, then grew by 28.47% to $76.2 million in 2024, then plunged by 39.27% to $46.3 million in 2025, then fell by 28.09% to $33.3 million in 2026.
• The last three Accumulated Expenses figures came in at $33.3 million (Q1 2026), $46.3 million (Q4 2025), and $54.3 million (Q3 2025), per Business Quant data.