System1 (SST) EBIAT (2020 - 2026)
Quarterly results put EBIAT at -$47.1 million for Q1 2026, down 196.34% from a year ago — trailing twelve months through Mar 2026 was -$89.1 million (down 0.65% YoY), and the annual figure for FY2025 was -$65.3 million, up 12.49%.
System1 has reported EBIAT over the past 7 years, most recently at -$47.1 million for Q1 2026.
- EBIAT reached -$47.1 million in Q1 2026 per SST's latest filing, down from -$1.9 million in the prior quarter.
- Across five years, EBIAT topped out at -$1.9 million in Q4 2025 and bottomed at -$313.7 million in Q3 2022.
- Median EBIAT over the past 5 years was -$33.8 million (2022), compared with a mean of -$46.4 million.
- The largest annual shift saw EBIAT tumbled 2859.49% in 2022 before it soared 91.73% in 2023.
- Over 5 years, EBIAT stood at -$50.4 million in 2022, then increased by 11.87% to -$44.4 million in 2023, then skyrocketed by 68.12% to -$14.2 million in 2024, then skyrocketed by 86.27% to -$1.9 million in 2025, then tumbled by 2321.14% to -$47.1 million in 2026.
- Business Quant data shows EBIAT for SST at -$47.1 million in Q1 2026, -$1.9 million in Q4 2025, and -$18.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | 7,442.28 |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | 318.00 Mn |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 502.50 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 349.97 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 92.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -192.83 Mn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 135.50 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 101.95 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | - |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | -47.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -47.07 Mn |
| Dec 31, 2025 | -1.94 Mn |
| Sep 30, 2025 | -18.52 Mn |
| Jun 30, 2025 | -21.54 Mn |
| Mar 31, 2025 | -15.88 Mn |
| Dec 31, 2024 | -14.16 Mn |
| Sep 30, 2024 | -23.60 Mn |
| Jun 30, 2024 | -34.85 Mn |
| Mar 31, 2024 | -13.79 Mn |
| Dec 31, 2023 | -44.42 Mn |
| Sep 30, 2023 | -25.93 Mn |
| Jun 30, 2023 | -42.99 Mn |
| Mar 31, 2023 | -42.93 Mn |
| Dec 31, 2022 | -50.40 Mn |
| Sep 30, 2022 | -313.70 Mn |
| Jun 30, 2022 | -33.84 Mn |
| Mar 31, 2022 | -43.38 Mn |
| Dec 31, 2021 | 3.11 Mn |
| Sep 30, 2021 | 11.37 Mn |
| Jun 30, 2021 | 11.77 Mn |
| Mar 31, 2021 | 6.74 Mn |
| Dec 31, 2020 | -20.48 Mn |
| Sep 30, 2020 | -943,771.00 |
| Jun 30, 2020 | -8.48 Mn |
| Mar 31, 2020 | -4,984.00 |