System1 (SST) Cost of Revenue (2021 - 2026)

System1 (SST) has 6 years of Cost of Revenue data on file, last reported at $13.9 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 69.92% year-over-year to $13.9 million; the trailing twelve-month figure through Mar 2026 stood at $133.5 million (down 39.95% YoY), and the FY2025 full-year result was $165.7 million, down 31.68% from the prior year.
• Cost of Revenue fell to $13.9 million in Q1 2026, from $30.6 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $152.6 million in Q2 2022 to a low of $13.9 million in Q1 2026.
• A 5-year average of $67.8 million and a median of $58.6 million in 2023 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue gained 26.52% in 2024 and plunged 69.92% in 2026, its largest moves.
• Tracing SST's Cost of Revenue over 5 years: stood at $97.1 million in 2022, then slumped by 39.73% to $58.6 million in 2023, then fell by 25.23% to $43.8 million in 2024, then slumped by 30.04% to $30.6 million in 2025, then slumped by 54.74% to $13.9 million in 2026.
• Business Quant data shows SST's Cost of Revenue at $13.9 million in Q1 2026, $30.6 million in Q4 2025, and $38.8 million in Q3 2025.