System1 (SST) Debt to Equity (2021 - 2026)

System1 has disclosed Debt to Equity across 6 years of filings, most recently posting -$19.35 for Q1 2026.

• Debt to Equity for Q1 2026 came in at -$19.35, down 589.56% year-over-year; the trailing twelve-month figure through Mar 2026 was -$19.35 (down 589.56% YoY), and the FY2025 annual result was $17.52, up 448.32% from the prior year.
• Debt to Equity came in at -$19.35 for Q1 2026 at System1, down from $17.52 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $17.52 in Q4 2025 to a low of -$19.35 in Q1 2026.
• The 5-year median for Debt to Equity is $1.78 (2024), against an average of $1.93.
• Across the five-year window, Debt to Equity jumped 448.32% in 2025 and tumbled 589.56% in 2026, its largest moves.
• System1's Debt to Equity stood at $0.88 in 2022, then jumped 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 slumped by 210.47% to -$19.35 in 2026.
• The last three Debt to Equity figures came in at -$19.35 (Q1 2026), $17.52 (Q4 2025), and $7.57 (Q3 2025), per Business Quant data.