Growth Metrics

System1 (SST) EBITDA (2021 - 2025)

System1 (SST) has disclosed EBITDA for 5 consecutive years, with -$17.4 million as the latest value for Q4 2025.

  • Quarterly EBITDA fell 46.55% to -$17.4 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$62.0 million through Dec 2025, up 29.98% year-over-year, with the annual reading at -$62.0 million for FY2025, 29.26% up from the prior year.
  • EBITDA hit -$17.4 million in Q4 2025 for System1, down from -$15.6 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $16.4 million in Q2 2021 to a low of -$354.9 million in Q3 2022.
  • Historically, EBITDA has averaged -$33.3 million across 5 years, with a median of -$20.0 million in 2023.
  • Biggest five-year swings in EBITDA: plummeted 2304.63% in 2022 and later surged 94.12% in 2023.
  • Year by year, EBITDA stood at $7.6 million in 2021, then tumbled by 815.26% to -$54.4 million in 2022, then soared by 64.92% to -$19.1 million in 2023, then surged by 37.61% to -$11.9 million in 2024, then crashed by 46.55% to -$17.4 million in 2025.
  • Business Quant data shows EBITDA for SST at -$17.4 million in Q4 2025, -$15.6 million in Q3 2025, and -$15.9 million in Q2 2025.