System1 (SST) Free Cash Flow (2020 - 2026)
System1 (SST) posted Free Cash Flow of -$28.3 million for Q1 2026, down 166.11% sequentially from -$10.6 million in Q4 2025, and down 64.82% YoY from -$80.5 million in Q1 2025.
System1 (SST) Free Cash Flow (2020 - 2026) Analysis & Trends
System1 has reported Free Cash Flow for 7 years, with the latest figure at -$28.3 million in Q1 2026.
- Quarterly Free Cash Flow fell 64.82% year-over-year to -$28.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$15.3 million (down 136.69% YoY) and the FY2025 annual result came in at -$4.2 million, up 20.68% from the prior year.
- Free Cash Flow declined to -$28.3 million in Q1 2026 per SST's latest filing, from -$10.6 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $25.7 million in Q2 2025 and troughed at -$32.3 million in Q1 2022.
- A 5-year average of -$4.0 million and a median of -$4.9 million in 2024 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2023 and 2025: Free Cash Flow sank 497.06% in 2023, then surged 157.63% in 2025.
- Over 5 years, Free Cash Flow stood at $5.6 million in 2022, then tumbled by 497.06% to -$22.4 million in 2023, then jumped by 125.29% to $5.7 million in 2024, then plunged by 287.55% to -$10.6 million in 2025, then tumbled by 166.11% to -$28.3 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$28.3 million, -$10.6 million, and -$2.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.84 Bn | 81.56 Bn | 1.48 Bn | 613.11 Mn |
| 2 | Relx | 65.92 Bn | 65.74 Bn | - | - |
| 3 | Copart | 31.68 Bn | 28.33 Bn | 732.88 Mn | 503.31 Mn |
| 4 | Global Payments | 25.34 Bn | 19.93 Bn | 2.03 Bn | 426.96 Mn |
| 5 | Rb Global | 16.15 Bn | 15.62 Bn | 935.50 Mn | 63.60 Mn |
| 6 | Aramark | 15.72 Bn | 15.22 Bn | 430.34 Mn | 4.82 Mn |
| 7 | UL Solutions | 15.16 Bn | 14.72 Bn | 417.00 Mn | 91.00 Mn |
| 8 | Rentokil Initial | 11.92 Bn | 9.40 Bn | - | - |
| 9 | Dolby Laboratories | 6.14 Bn | 5.47 Bn | 264.68 Mn | 152.47 Mn |
| 10 | System1 | 15.51 Mn | -25.49 Mn | 24.27 Mn | -3.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -3.40 Mn |
| Jun 30, 2026 | -3.40 Mn |
| Mar 31, 2026 | -28.31 Mn |
| Mar 31, 2026 | -28.31 Mn |
| Dec 31, 2025 | -10.64 Mn |
| Dec 31, 2025 | -10.64 Mn |
| Sep 30, 2025 | -2.05 Mn |
| Sep 30, 2025 | -2.05 Mn |
| Jun 30, 2025 | 25.67 Mn |
| Jun 30, 2025 | 25.67 Mn |
| Mar 31, 2025 | -17.18 Mn |
| Mar 31, 2025 | -17.18 Mn |
| Dec 31, 2024 | 5.67 Mn |
| Dec 31, 2024 | 5.67 Mn |
| Sep 30, 2024 | -4.94 Mn |
| Sep 30, 2024 | -4.94 Mn |
| Jun 30, 2024 | 9.97 Mn |
| Jun 30, 2024 | 9.97 Mn |
| Mar 31, 2024 | -15.99 Mn |
| Mar 31, 2024 | -15.99 Mn |