Growth Metrics

System1 (SST) Gross Margin (2021 - 2025)

System1's Gross Margin history spans 5 years, with the latest figure at 41.04% for Q4 2025.

  • For Q4 2025, Gross Margin rose 4942.0% year-over-year to 41.04%; the TTM value through Dec 2025 reached 37.72%, up 1936.0%, while the annual FY2025 figure was 37.72%, 826.0% up from the prior year.
  • Gross Margin for Q4 2025 was 41.04% at System1, up from 36.94% in the prior quarter.
  • Across five years, Gross Margin topped out at 59.0% in Q4 2022 and bottomed at 8.39% in Q4 2024.
  • The 5-year median for Gross Margin is 28.53% (2022), against an average of 29.04%.
  • The largest annual shift saw Gross Margin plummeted -4747bps in 2024 before it skyrocketed 4942bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 22.29% in 2021, then skyrocketed by 165bps to 59.0% in 2022, then plummeted by -34bps to 39.09% in 2023, then plummeted by -121bps to 8.39% in 2024, then soared by 589bps to 41.04% in 2025.
  • Per Business Quant, the three most recent readings for SST's Gross Margin are 41.04% (Q4 2025), 36.94% (Q3 2025), and 35.72% (Q2 2025).