System1 (SST) Net Cash Flow (2020 - 2026)
Quarterly results put Net Cash Flow at -$36.1 million for Q1 2026, down 58.12% from a year ago — trailing twelve months through Mar 2026 was $7.2 million (up 122.1% YoY), and the annual figure for FY2025 was $20.4 million, up 127.08%.
System1 has reported Net Cash Flow over the past 7 years, most recently at -$36.1 million for Q1 2026.
- Net Cash Flow reached -$36.1 million in Q1 2026 per SST's latest filing, down from $32.1 million in the prior quarter.
- Across five years, Net Cash Flow topped out at $118.2 million in Q4 2023 and bottomed at -$469.4 million in Q1 2022.
- Median Net Cash Flow over the past 5 years was -$4.3 million (2022), compared with a mean of -$27.4 million.
- The largest annual shift saw Net Cash Flow plummeted 22614.68% in 2022 before it soared 4480.5% in 2023.
- Over 5 years, Net Cash Flow stood at -$2.7 million in 2022, then skyrocketed by 4480.5% to $118.2 million in 2023, then crashed by 104.68% to -$5.5 million in 2024, then skyrocketed by 681.11% to $32.1 million in 2025, then crashed by 212.15% to -$36.1 million in 2026.
- Business Quant data shows Net Cash Flow for SST at -$36.1 million in Q1 2026, $32.1 million in Q4 2025, and -$9.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | -19.56 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | -136.01 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | -36.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -2.98 Bn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 168.90 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 34.21 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 183.00 Mn |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | -36.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -36.05 Mn |
| Mar 31, 2026 | -36.05 Mn |
| Dec 31, 2025 | 32.15 Mn |
| Dec 31, 2025 | 32.15 Mn |
| Sep 30, 2025 | -9.05 Mn |
| Sep 30, 2025 | -9.05 Mn |
| Jun 30, 2025 | 20.14 Mn |
| Jun 30, 2025 | 20.14 Mn |
| Mar 31, 2025 | -22.80 Mn |
| Mar 31, 2025 | -22.80 Mn |
| Dec 31, 2024 | -5.53 Mn |
| Dec 31, 2024 | -5.53 Mn |
| Sep 30, 2024 | -6.77 Mn |
| Sep 30, 2024 | -6.77 Mn |
| Jun 30, 2024 | 2.60 Mn |
| Jun 30, 2024 | 2.60 Mn |
| Mar 31, 2024 | -65.77 Mn |
| Mar 31, 2024 | -65.77 Mn |
| Dec 31, 2023 | 118.19 Mn |
| Dec 31, 2023 | 118.19 Mn |
| Sep 30, 2023 | -737,000.00 |
| Sep 30, 2023 | -737,000.00 |
| Jun 30, 2023 | 4.24 Mn |
| Jun 30, 2023 | 4.24 Mn |
| Mar 31, 2023 | -17.33 Mn |
| Mar 31, 2023 | -17.33 Mn |
| Dec 31, 2022 | -2.70 Mn |
| Dec 31, 2022 | -2.70 Mn |
| Sep 30, 2022 | -2.03 Mn |
| Sep 30, 2022 | -2.03 Mn |
| Jun 30, 2022 | -4.26 Mn |
| Jun 30, 2022 | -4.26 Mn |
| Mar 31, 2022 | -469.43 Mn |
| Mar 31, 2022 | -469.43 Mn |
| Dec 31, 2021 | 12.75 Mn |
| Dec 31, 2021 | 12.75 Mn |
| Sep 30, 2021 | 1.65 Mn |
| Sep 30, 2021 | 1.65 Mn |
| Jun 30, 2021 | 3.10 Mn |
| Jun 30, 2021 | 3.10 Mn |
| Mar 31, 2021 | 2.09 Mn |
| Mar 31, 2021 | 2.09 Mn |
| Dec 31, 2020 | -45,990.00 |
| Dec 31, 2020 | -45,990.00 |
| Sep 30, 2020 | -846,880.00 |
| Sep 30, 2020 | -846,880.00 |
| Jun 30, 2020 | 519.14 Mn |
| Jun 30, 2020 | 519.14 Mn |
| Mar 31, 2020 | 99,829.00 |
| Mar 31, 2020 | 99,829.00 |