Growth Metrics

System1 (SST) Gross Margin (2021 - 2025)

System1 (SST) has disclosed Gross Margin for 5 consecutive years, with 41.04% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 105.0% to 41.04% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 37.72% through Dec 2025, up 826.0% year-over-year, with the annual reading at 37.72% for FY2025, 826.0% up from the prior year.
  • Gross Margin hit 41.04% in Q4 2025 for System1, up from 36.94% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 42.4% in Q3 2023 to a low of 21.9% in Q1 2024.
  • Historically, Gross Margin has averaged 32.07% across 5 years, with a median of 30.62% in 2022.
  • Biggest five-year swings in Gross Margin: crashed -1444bps in 2024 and later skyrocketed 1626bps in 2025.
  • Year by year, Gross Margin stood at 22.29% in 2021, then soared by 38bps to 30.65% in 2022, then grew by 28bps to 39.09% in 2023, then rose by 8bps to 42.09% in 2024, then decreased by -3bps to 41.04% in 2025.
  • Business Quant data shows Gross Margin for SST at 41.04% in Q4 2025, 36.94% in Q3 2025, and 35.72% in Q2 2025.