System1 (SST) Free Cash Flow (2020 - 2026)
Quarterly results put Free Cash Flow at -$26.1 million for Q1 2026, down 52.15% from a year ago — trailing twelve months through Mar 2026 was -$13.2 million (down 170.99% YoY), and the annual figure for FY2025 was -$4.2 million, up 20.68%.
System1 has reported Free Cash Flow over the past 7 years, most recently at -$26.1 million for Q1 2026.
- Free Cash Flow reached -$26.1 million in Q1 2026 per SST's latest filing, down from -$10.6 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $22.9 million in Q2 2025 and bottomed at -$32.2 million in Q1 2022.
- Median Free Cash Flow over the past 5 years was -$4.9 million (2024), compared with a mean of -$3.9 million.
- The largest annual shift saw Free Cash Flow tumbled 446.97% in 2023 before it soared 128.94% in 2024.
- Over 5 years, Free Cash Flow stood at $5.6 million in 2022, then crashed by 446.97% to -$19.6 million in 2023, then skyrocketed by 128.94% to $5.7 million in 2024, then tumbled by 287.55% to -$10.6 million in 2025, then tumbled by 145.67% to -$26.1 million in 2026.
- Business Quant data shows Free Cash Flow for SST at -$26.1 million in Q1 2026, -$10.6 million in Q4 2025, and $688000.0 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 530.57 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 57.88 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 150.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -550.16 Mn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 172.60 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 298.98 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 220.00 Mn |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | -26.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -26.13 Mn |
| Mar 31, 2026 | -26.13 Mn |
| Dec 31, 2025 | -10.64 Mn |
| Dec 31, 2025 | -10.64 Mn |
| Sep 30, 2025 | 688,000.00 |
| Sep 30, 2025 | 688,000.00 |
| Jun 30, 2025 | 22.93 Mn |
| Jun 30, 2025 | 22.93 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 | 11.59 Mn |
| Jun 30, 2024 | 11.59 Mn |
| Mar 31, 2024 | -17.61 Mn |
| Mar 31, 2024 | -17.61 Mn |
| Dec 31, 2023 | -19.60 Mn |
| Dec 31, 2023 | -19.60 Mn |
| Sep 30, 2023 | -10.52 Mn |
| Sep 30, 2023 | -10.52 Mn |
| Jun 30, 2023 | 7.25 Mn |
| Jun 30, 2023 | 7.25 Mn |
| Mar 31, 2023 | -7.48 Mn |
| Mar 31, 2023 | -7.48 Mn |
| Dec 31, 2022 | 5.65 Mn |
| Dec 31, 2022 | 5.65 Mn |
| Sep 30, 2022 | 5.92 Mn |
| Sep 30, 2022 | 5.92 Mn |
| Jun 30, 2022 | 20.45 Mn |
| Jun 30, 2022 | 20.45 Mn |
| Mar 31, 2022 | -32.25 Mn |
| Mar 31, 2022 | -32.25 Mn |
| Dec 31, 2021 | 14.85 Mn |
| Dec 31, 2021 | 14.85 Mn |
| Sep 30, 2021 | 15.29 Mn |
| Sep 30, 2021 | 15.29 Mn |
| Jun 30, 2021 | 13.95 Mn |
| Jun 30, 2021 | 13.95 Mn |
| Mar 31, 2021 | 10.13 Mn |
| Mar 31, 2021 | 10.13 Mn |
| Dec 31, 2020 | -45,990.00 |
| Dec 31, 2020 | -45,990.00 |
| Sep 30, 2020 | -312,062.00 |
| Sep 30, 2020 | -312,062.00 |
| Jun 30, 2020 | -39,732.00 |
| Jun 30, 2020 | -39,732.00 |
| Mar 31, 2020 | -4,984.00 |
| Mar 31, 2020 | -4,984.00 |