System1 (SST) EBITDA Margin (2021 - 2026)
System1's EBITDA Margin was -4.86% in Q2 2026, down 10.83 percentage points from 5.97% a year earlier but up 99.63 percentage points from the prior quarter.
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Analysis
System1 (SST) EBITDA Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, System1's EBITDA Margin was -17.45% through Jun 30, 2026, down 23.33 percentage points year-over-year; for FY2025, it came in at 7.82%, up 10.29 percentage points from FY2024.
- EBITDA Margin shows a four-year change of -1.58 percentage points (FY2021 to FY2025).
- In earlier years, EBITDA Margin was -2.47% in FY2024 (-7.25 pp), 4.78% in FY2023 (+60.16 pp), -55.38% in FY2022 (-64.78 pp) and 9.40% in FY2021.
- Quarterly EBITDA Margin has moved between -214.33% (Q3 2022) and 11.37% (Q3 2021) over five years.
- Compared with a year earlier, EBITDA Margin has declined for three straight quarters, with an average year-over-year change of -9.57 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q3 2023 (a gain of 212.88 percentage points); the worst was Q3 2022 (a drop of 225.70 percentage points).
- Per Business Quant data, SST's EBITDA Margin in the three quarters before Q2 2026 was -104.50% (Q1 2026), 6.90% (Q4 2025) and 8.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 39.96% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 41.33% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 34.18% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | - |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 13.82% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 14.69% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 35.76% |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | - |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 79.37% |
| 10 | System1 | 27.60 Mn | -232.22 Mn | 24.27 Mn | -4.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.86% |
| Mar 31, 2026 | -104.50% |
| Dec 31, 2025 | 6.90% |
| Sep 30, 2025 | 8.49% |
| Jun 30, 2025 | 5.97% |
| Mar 31, 2025 | 9.87% |
| Dec 31, 2024 | 11.02% |
| Sep 30, 2024 | -1.90% |
| Jun 30, 2024 | -9.67% |
| Mar 31, 2024 | -7.06% |
| Dec 31, 2023 | 0.80% |
| Sep 30, 2023 | -1.45% |
| Jun 30, 2023 | -2.21% |
| Mar 31, 2023 | 4.25% |
| Dec 31, 2022 | -15.67% |
| Sep 30, 2022 | -214.33% |
| Jun 30, 2022 | 0.45% |
| Mar 31, 2022 | -10.57% |
| Dec 31, 2021 | 5.59% |
| Sep 30, 2021 | 11.37% |
API Access
System1 EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "SST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();