Growth Metrics

System1 (SST) Net Margin (2021 - 2025)

System1 (SST) has disclosed Net Margin for 4 consecutive years, with 34.3% as the latest value for Q4 2025.

  • Quarterly Net Margin changed N/A to 34.3% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 30.51% through Dec 2025, changed N/A year-over-year, with the annual reading at 30.51% for FY2025, N/A changed from the prior year.
  • Net Margin hit 34.3% in Q4 2025 for System1, up from 35.74% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 22.61% in Q4 2023 to a low of 127.13% in Q3 2023.
  • Historically, Net Margin has averaged 18.9% across 4 years, with a median of 13.35% in 2022.
  • Biggest YoY gain for Net Margin was 4273bps in 2023; the steepest drop was -11816bps in 2023.
  • Year by year, Net Margin stood at 1.56% in 2021, then crashed by -1392bps to 20.13% in 2022, then skyrocketed by 212bps to 22.61% in 2023, then crashed by -252bps to 34.3% in 2025.
  • Business Quant data shows Net Margin for SST at 34.3% in Q4 2025, 35.74% in Q3 2025, and 27.58% in Q2 2025.