System1 (SST) Free Cash Flow (2020 - 2026)

System1 has disclosed Free Cash Flow across 7 years of filings, most recently posting -$26.1 million for Q1 2026.

• Free Cash Flow for Q1 2026 came in at -$26.1 million, down 52.15% year-over-year; the trailing twelve-month figure through Mar 2026 was -$13.2 million (down 170.99% YoY), and the FY2025 annual result was -$4.2 million, up 20.68% from the prior year.
• Free Cash Flow came in at -$26.1 million for Q1 2026 at System1, down from -$10.6 million in the prior quarter.
• In the past five years, Free Cash Flow ranged from a high of $22.9 million in Q2 2025 to a low of -$32.2 million in Q1 2022.
• The 5-year median for Free Cash Flow is -$4.9 million (2024), against an average of -$3.9 million.
• Across the five-year window, Free Cash Flow plunged 446.97% in 2023 and soared 128.94% in 2024, its largest moves.
• System1's Free Cash Flow stood at $5.6 million in 2022, then slumped by 446.97% to -$19.6 million in 2023, then jumped by 128.94% to $5.7 million in 2024, then plunged by 287.55% to -$10.6 million in 2025, then plunged by 145.67% to -$26.1 million in 2026.
• The last three Free Cash Flow figures came in at -$26.1 million (Q1 2026), -$10.6 million (Q4 2025), and $688000.0 (Q3 2025), per Business Quant data.