System1 (SST) EBITDA (2020 - 2026)

System1 (SST) reported EBITDA of -$51.0 million for Q1 2026, down 288.82% on a YoY basis from $27.0 million in Q1 2025, and down 192.58% sequentially from -$17.4 million in Q4 2025.

System1 (SST) EBITDA (2020 - 2026) Analysis & Trends

System1 (SST) has 7 years of EBITDA data on file, last reported at -$51.0 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA fell 288.82% year-over-year to -$51.0 million; the trailing twelve-month figure through Mar 2026 stood at -$100.0 million (down 31.63% YoY), and the FY2025 full-year result was -$62.0 million, up 29.98% from the prior year.
  • EBITDA slipped to -$51.0 million in Q1 2026, from -$17.4 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$11.9 million in Q4 2024 to a low of -$355.2 million in Q3 2022.
  • A 5-year average of -$45.2 million and a median of -$21.8 million in 2023 frame the typical range for EBITDA.
  • Across the five-year window, EBITDA plunged 2316.24% in 2022 and jumped 94.13% in 2023, its largest moves.
  • Tracing SST's EBITDA over 5 years: stood at -$54.4 million in 2022, then surged by 64.91% to -$19.1 million in 2023, then surged by 37.61% to -$11.9 million in 2024, then tumbled by 46.55% to -$17.4 million in 2025, then sank by 192.58% to -$51.0 million in 2026.
  • Business Quant data shows SST's EBITDA at -$51.0 million in Q1 2026, -$17.4 million in Q4 2025, and -$15.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Cintas 81.31 Bn 81.12 Bn 1.45 Bn 659.90 Mn
2 Rentokil Initial 73.75 Bn 71.25 Bn - 510.00 Mn
3 Relx 60.28 Bn 60.04 Bn - -
4 Thomson Reuters 38.09 Bn 37.23 Bn - 611.00 Mn
5 Copart 25.18 Bn 21.85 Bn 732.88 Mn 464.28 Mn
6 Global Payments 21.29 Bn 16.10 Bn 1.70 Bn -15.65 Mn
7 Rb Global 20.33 Bn 20.14 Bn 927.90 Mn 217.50 Mn
8 UL Solutions 17.42 Bn 17.18 Bn 381.00 Mn 138.00 Mn
9 Aramark 15.00 Bn 14.59 Bn 426.39 Mn 219.75 Mn
10 System1 14.56 Mn -61.04 Mn 23.37 Mn -51.04 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -51.04 Mn
Dec 31, 2025 -17.44 Mn
Sep 30, 2025 -15.57 Mn
Jun 30, 2025 -15.91 Mn
Mar 31, 2025 -13.13 Mn
Dec 31, 2024 -11.90 Mn
Sep 30, 2024 -21.82 Mn
Jun 30, 2024 -29.09 Mn
Mar 31, 2024 -25.80 Mn
Dec 31, 2023 -19.08 Mn
Sep 30, 2023 -20.85 Mn
Jun 30, 2023 -21.83 Mn
Mar 31, 2023 -24.23 Mn
Dec 31, 2022 -54.37 Mn
Sep 30, 2022 -355.20 Mn
Jun 30, 2022 -31.11 Mn
Mar 31, 2022 -39.49 Mn
Dec 31, 2021 7.54 Mn
Sep 30, 2021 16.03 Mn
Jun 30, 2021 16.33 Mn