System1 (SST) Common Equity (2020 - 2026)
System1's Common Equity came in at -$53 million for Q2 2026, compared with $53.44 million a year earlier.
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Analysis
System1 (SST) Common Equity (2020 - 2026) Analysis & Trends
At the end of FY2025, System1's Common Equity was $30.47 million, down 64.2% from FY2024.
- Common Equity has declined in each of the last three years.
- Going back by year, Common Equity was $85 million in FY2024 (-49.8%), $169.32 million in FY2023 (-64.0%), $470.67 million in FY2022 and -$28.4 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Common Equity since Q3 2021.
- The year-over-year decline in Common Equity has ranged between 47.4% (Q1 2023) and 67.4% (Q2 2024) over the last five years.
- Business Quant data shows SST's Common Equity at -$39.02 million (Q1 2026), $30.47 million (Q4 2025) and $42.68 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 640.48 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 261.22 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 30.15 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 163.05 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 12.68 Bn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 28.22 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | -10.78 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 66.00 Bn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 3.16 Bn |
| 10 | System1 | 27.60 Mn | -232.22 Mn | 24.27 Mn | -53.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -53.00 Mn |
| Mar 31, 2026 | -39.02 Mn |
| Dec 31, 2025 | 30.47 Mn |
| Sep 30, 2025 | 42.68 Mn |
| Jun 30, 2025 | 53.44 Mn |
| Mar 31, 2025 | 67.66 Mn |
| Dec 31, 2024 | 85.00 Mn |
| Sep 30, 2024 | 102.85 Mn |
| Jun 30, 2024 | 129.28 Mn |
| Mar 31, 2024 | 160.41 Mn |
| Dec 31, 2023 | 169.32 Mn |
| Sep 30, 2023 | 240.14 Mn |
| Jun 30, 2023 | 396.41 Mn |
| Mar 31, 2023 | 433.96 Mn |
| Dec 31, 2022 | 470.67 Mn |
| Sep 30, 2022 | 517.45 Mn |
| Jun 30, 2022 | 823.87 Mn |
| Mar 31, 2022 | 824.52 Mn |
| Dec 31, 2021 | -28.40 Mn |
| Sep 30, 2021 | -57.37 Mn |
API Access
System1 Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "SST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();