System1 (SST) Debt to Equity (2021 - 2026)
Quarterly results put Debt to Equity at -$19.35 for Q1 2026, down 589.56% from a year ago — trailing twelve months through Mar 2026 was -$19.35 (down 589.56% YoY), and the annual figure for FY2025 was $17.52, up 448.32%.
System1 has reported Debt to Equity over the past 6 years, most recently at -$19.35 for Q1 2026.
- Debt to Equity reached -$19.35 in Q1 2026 per SST's latest filing, down from $17.52 in the prior quarter.
- Across five years, Debt to Equity topped out at $17.52 in Q4 2025 and bottomed at -$19.35 in Q1 2026.
- Median Debt to Equity over the past 5 years was $1.78 (2024), compared with a mean of $1.93.
- The largest annual shift saw Debt to Equity skyrocketed 448.32% in 2025 before it tumbled 589.56% in 2026.
- Over 5 years, Debt to Equity stood at $0.88 in 2022, then skyrocketed by 134.38% to $2.06 in 2023, then soared by 54.76% to $3.19 in 2024, then surged by 448.32% to $17.52 in 2025, then tumbled by 210.47% to -$19.35 in 2026.
- Business Quant data shows Debt to Equity for SST at -$19.35 in Q1 2026, $17.52 in Q4 2025, and $7.57 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | 0.00 |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | 1.01 |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 0.55 |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | - |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 0.27 |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 0.92 |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 0.45 |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 1.86 |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 0.83 |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | -19.35 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.35 |
| Dec 31, 2025 | 17.52 |
| Sep 30, 2025 | 7.57 |
| Jun 30, 2025 | 4.93 |
| Mar 31, 2025 | 3.95 |
| Dec 31, 2024 | 3.19 |
| Sep 30, 2024 | 2.68 |
| Jun 30, 2024 | 2.16 |
| Mar 31, 2024 | 1.78 |
| Dec 31, 2023 | 2.06 |
| Sep 30, 2023 | 1.68 |
| Jun 30, 2023 | 1.03 |
| Mar 31, 2023 | 0.95 |
| Dec 31, 2022 | 0.88 |
| Sep 30, 2022 | 0.81 |
| Jun 30, 2022 | 0.49 |
| Mar 31, 2022 | 0.50 |
| Dec 31, 2021 | -6.00 |