Growth Metrics

System1 (SST) EBIAT (2021 - 2025)

System1 (SST) has disclosed EBIAT for 5 consecutive years, with -$29.3 million as the latest value for Q4 2025.

  • Quarterly EBIAT fell 737.35% to -$29.3 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$92.7 million through Dec 2025, down 24.18% year-over-year, with the annual reading at -$81.2 million for FY2025, 8.73% down from the prior year.
  • EBIAT hit -$29.3 million in Q4 2025 for System1, down from -$22.0 million in the prior quarter.
  • In the past five years, EBIAT ranged from a high of $163.3 million in Q4 2023 to a low of -$241.7 million in Q3 2022.
  • Historically, EBIAT has averaged -$21.6 million across 5 years, with a median of -$21.8 million in 2025.
  • Biggest YoY gain for EBIAT was 3317.89% in 2022; the steepest drop was 2226.12% in 2022.
  • Year by year, EBIAT stood at $3.1 million in 2021, then skyrocketed by 3317.89% to $106.4 million in 2022, then soared by 53.5% to $163.3 million in 2023, then plummeted by 97.18% to $4.6 million in 2024, then plummeted by 737.35% to -$29.3 million in 2025.
  • Business Quant data shows EBIAT for SST at -$29.3 million in Q4 2025, -$22.0 million in Q3 2025, and -$21.5 million in Q2 2025.