Growth Metrics

System1 (SST) Capital Expenditures (2021 - 2025)

Quarterly results put Capital Expenditures at -$2.7 million for Q3 2025, down 155.57% from a year ago — trailing twelve months through Mar 2026 was -$1.2 million (down 224.45% YoY), and the annual figure for FY2025 was $46000.0, up 48.39%.

System1 has reported Capital Expenditures over the past 5 years, most recently at -$2.7 million for Q3 2025.

  • Capital Expenditures reached -$2.7 million in Q3 2025 per SST's latest filing, down from $1.6 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $6.5 million in Q4 2021 and bottomed at -$4.9 million in Q4 2024.
  • Median Capital Expenditures over the past 5 years was $1.5 million (2022), compared with a mean of $873111.1.
  • The largest annual shift saw Capital Expenditures tumbled 1572.16% in 2024 before it skyrocketed 196.12% in 2025.
  • Over 5 years, Capital Expenditures stood at $6.5 million in 2021, then tumbled by 124.5% to -$1.6 million in 2022, then skyrocketed by 148.02% to $763000.0 in 2023, then tumbled by 742.2% to -$4.9 million in 2024, then skyrocketed by 44.08% to -$2.7 million in 2025.
  • Business Quant data shows Capital Expenditures for SST at -$2.7 million in Q3 2025, $1.6 million in Q2 2025, and $1.2 million in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Relx 81.40 Bn 81.16 Bn - -
2 Rentokil Initial 79.56 Bn 78.10 Bn - -
3 Cintas 69.26 Bn 69.08 Bn 1.45 Bn 90.90 Mn
4 Copart 33.09 Bn 28.01 Bn 971.24 Mn 69.62 Mn
5 UL Solutions 20.56 Bn 20.32 Bn 381.00 Mn 69.00 Mn
6 Global Payments 19.88 Bn 14.69 Bn 1.70 Bn 261.34 Mn
7 Rb Global 19.08 Bn 18.89 Bn 869.50 Mn 51.50 Mn
8 Aramark 13.57 Bn 13.16 Bn 426.35 Mn 101.28 Mn
9 Amentum Holdings 5.65 Bn 5.74 Bn 345.00 Mn 5.00 Mn
10 System1 21.03 Mn -54.58 Mn 23.37 Mn -

Historic Data

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DateValue
Sep 30, 2025 -2.74 Mn
Sep 30, 2025 -2.74 Mn
Jun 30, 2025 1.56 Mn
Jun 30, 2025 1.56 Mn
Mar 31, 2025 1.23 Mn
Mar 31, 2025 1.23 Mn
Dec 31, 2024 -4.90 Mn
Dec 31, 2024 -4.90 Mn
Sep 30, 2024 4.93 Mn
Sep 30, 2024 4.93 Mn
Jun 30, 2024 -1.62 Mn
Jun 30, 2024 -1.62 Mn
Mar 31, 2024 1.62 Mn
Mar 31, 2024 1.62 Mn
Dec 31, 2023 763,000.00
Dec 31, 2023 763,000.00
Sep 30, 2023 3.26 Mn
Sep 30, 2023 3.26 Mn
Jun 30, 2023 -97,000.00
Jun 30, 2023 -97,000.00
Mar 31, 2023 1.68 Mn
Mar 31, 2023 1.68 Mn
Dec 31, 2022 -1.59 Mn
Dec 31, 2022 -1.59 Mn
Sep 30, 2022 1.64 Mn
Sep 30, 2022 1.64 Mn
Jun 30, 2022 2.11 Mn
Jun 30, 2022 2.11 Mn
Mar 31, 2022 1.39 Mn
Mar 31, 2022 1.39 Mn
Dec 31, 2021 6.49 Mn
Dec 31, 2021 6.49 Mn
Sep 30, 2021 -3.23 Mn
Sep 30, 2021 -3.23 Mn
Jun 30, 2021 3.23 Mn
Jun 30, 2021 3.23 Mn