System1 (SST) EBT Margin (2021 - 2026)
System1's EBT Margin was -51.02% in Q2 2026, down 21.46 percentage points from -29.56% a year earlier but up 103.86 percentage points from the prior quarter.
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Analysis
System1 (SST) EBT Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, System1's EBT Margin was -62.90% through Jun 30, 2026, down 33.84 percentage points year-over-year; for FY2025, it was -31.59%, down 3.19 percentage points from FY2024.
- EBT Margin shows a four-year change of -36.52 percentage points (FY2021 to FY2025).
- In earlier years, EBT Margin was -28.40% in FY2024 (+4.35 pp), -32.75% in FY2023 (+47.79 pp), -80.53% in FY2022 (-85.47 pp) and 4.93% in FY2021.
- Quarterly EBT Margin has moved between -235.46% (Q3 2022) and 6.91% (Q3 2021) over five years.
- Compared with a year earlier, EBT Margin has declined for four straight quarters, with an average year-over-year change of -19.73 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was Q3 2023 (a gain of 204.66 percentage points); the worst was Q3 2022 (a drop of 242.36 percentage points).
- Per Business Quant data, SST's EBT Margin in the three quarters before Q2 2026 was -154.87% (Q1 2026), -35.02% (Q4 2025) and -36.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 115.82% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 30.85% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 32.39% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 14.55% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 49.54% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 23.09% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 34.82% |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 36.60% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 78.26% |
| 10 | System1 | 27.60 Mn | -232.22 Mn | 24.27 Mn | -51.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -51.02% |
| Mar 31, 2026 | -154.87% |
| Dec 31, 2025 | -35.02% |
| Sep 30, 2025 | -36.62% |
| Jun 30, 2025 | -29.56% |
| Mar 31, 2025 | -27.17% |
| Dec 31, 2024 | -24.81% |
| Sep 30, 2024 | -33.83% |
| Jun 30, 2024 | -37.03% |
| Mar 31, 2024 | -16.30% |
| Dec 31, 2023 | -35.56% |
| Sep 30, 2023 | -30.80% |
| Jun 30, 2023 | -37.33% |
| Mar 31, 2023 | -28.26% |
| Dec 31, 2022 | -38.29% |
| Sep 30, 2022 | -235.46% |
| Jun 30, 2022 | -15.60% |
| Mar 31, 2022 | -34.93% |
| Dec 31, 2021 | 1.69% |
| Sep 30, 2021 | 6.91% |
API Access
System1 EBT 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=ebt-margin&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();