System1 (SST) Enterprise Value (2020 - 2026)
System1's Enterprise Value came in at -$43.3 million for Q2 2026, compared with -$13.76 million a year earlier.
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Analysis
System1 (SST) Enterprise Value (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, System1 reported Enterprise Value of -$236.29 million; for FY2025, it came in at -$53.48 million.
- Going back by year, Enterprise Value was $40.87 million in FY2024 (-59.8%), $101.72 million in FY2023 (-85.7%), $710.9 million in FY2022 (+19.2%) and $596.39 million in FY2021 (-29.4%).
- The five-year range for quarterly Enterprise Value is -$53.48 million (Q4 2025) to $2 billion (Q1 2022).
- The fastest year-over-year change in Enterprise Value over five years came in Q1 2022 (growth of 166.9%), and the weakest in Q2 2024 (a decline of 85.7%).
- Business Quant data shows SST's Enterprise Value at -$44.57 million (Q1 2026), -$53.48 million (Q4 2025) and $7.17 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,069.55 Bn | 3,827.08 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,799.31 Bn | 1,501.83 Bn | 49.47 Bn |
| 3 | Netflix | 274.88 Bn | 235.08 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 242.54 Bn | 56.32 Bn | 15.11 Bn |
| 5 | Shopify | 228.96 Bn | 206.14 Bn | 1.71 Bn |
| 6 | Uber Technologies | 138.88 Bn | 110.68 Bn | 6.38 Bn |
| 7 | Booking Holdings | 121.49 Bn | 54.54 Bn | - |
| 8 | PDD Holdings | 110.18 Bn | -133.59 Bn | 9.45 Bn |
| 9 | Spotify Technology | 107.38 Bn | 64.88 Bn | 1.86 Bn |
| 10 | System1 | 17.92 Mn | -215.57 Mn | 24.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -43.30 Mn |
| Mar 31, 2026 | -44.57 Mn |
| Dec 31, 2025 | -53.48 Mn |
| Sep 30, 2025 | 7.17 Mn |
| Jun 30, 2025 | -13.76 Mn |
| Mar 31, 2025 | -7.80 Mn |
| Dec 31, 2024 | 40.87 Mn |
| Sep 30, 2024 | 46.10 Mn |
| Jun 30, 2024 | 81.71 Mn |
| Mar 31, 2024 | 135.35 Mn |
| Dec 31, 2023 | 101.72 Mn |
| Sep 30, 2023 | 172.98 Mn |
| Jun 30, 2023 | 572.23 Mn |
| Mar 31, 2023 | 563.40 Mn |
| Dec 31, 2022 | 710.90 Mn |
| Sep 30, 2022 | 939.48 Mn |
| Jun 30, 2022 | 1.03 Bn |
| Mar 31, 2022 | 2.00 Bn |
| Dec 31, 2021 | 596.39 Mn |
| Sep 30, 2021 | 604.84 Mn |
API Access
System1 Enterprise Value 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=enterprise-value&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();