System1 (SST) Non-Current Debt (2022 - 2026)

System1's (SST) quarterly Non-Current Debt came in at $221.6 million in Q1 2026, down 10.79% year-on-year from $248.5 million in Q1 2025, and down 2.96% quarter-over-quarter from $228.4 million in Q4 2025.

System1 (SST) Non-Current Debt (2022 - 2026) Analysis & Trends

System1 has disclosed Non-Current Debt across 5 years of filings, most recently posting $221.6 million for Q1 2026.

  • Non-Current Debt for Q1 2026 came in at $221.6 million, down 10.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $221.6 million (down 10.79% YoY), and the FY2025 annual result was $228.4 million, down 10.47% from the prior year.
  • Non-Current Debt came in at $221.6 million for Q1 2026 at System1, down from $228.4 million in the prior quarter.
  • In the past five years, Non-Current Debt ranged from a high of $409.8 million in Q1 2022 to a low of $221.6 million in Q1 2026.
  • The 5-year median for Non-Current Debt is $268.6 million (2024), against an average of $314.7 million.
  • Across the five-year window, Non-Current Debt decreased 3.43% in 2023 and slumped 33.2% in 2024, its largest moves.
  • System1's Non-Current Debt stood at $399.5 million in 2022, then declined by 16.34% to $334.2 million in 2023, then slipped by 23.67% to $255.1 million in 2024, then slipped by 10.47% to $228.4 million in 2025, then fell by 2.96% to $221.6 million in 2026.
  • The last three Non-Current Debt figures came in at $221.6 million (Q1 2026), $228.4 million (Q4 2025), and $235.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 Cintas 70.95 Bn 70.77 Bn 1.45 Bn 2.43 Bn
2 Copart 29.43 Bn 26.09 Bn 1.08 Bn -
3 Rb Global 20.04 Bn 19.85 Bn 869.50 Mn 2.27 Bn
4 UL Solutions 19.54 Bn 19.30 Bn 381.00 Mn 357.00 Mn
5 Global Payments 18.52 Bn 13.33 Bn 1.70 Bn 20.98 Bn
6 Aramark 14.28 Bn 13.87 Bn 426.35 Mn 6.06 Bn
7 Relx 11.84 Bn 11.60 Bn - -
8 Amentum Holdings 5.58 Bn 5.67 Bn 345.00 Mn 3.89 Bn
9 Dolby Laboratories 5.00 Bn 4.42 Bn 350.90 Mn -
10 System1 24.27 Mn -51.34 Mn 23.37 Mn 221.65 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 221.65 Mn
Mar 31, 2026 221.65 Mn
Dec 31, 2025 228.40 Mn
Dec 31, 2025 228.40 Mn
Sep 30, 2025 235.11 Mn
Sep 30, 2025 235.11 Mn
Jun 30, 2025 241.80 Mn
Jun 30, 2025 241.80 Mn
Mar 31, 2025 248.46 Mn
Mar 31, 2025 248.46 Mn
Dec 31, 2024 255.12 Mn
Dec 31, 2024 255.12 Mn
Sep 30, 2024 259.24 Mn
Sep 30, 2024 259.24 Mn
Jun 30, 2024 263.34 Mn
Jun 30, 2024 263.34 Mn
Mar 31, 2024 268.60 Mn
Mar 31, 2024 268.60 Mn
Dec 31, 2023 334.23 Mn
Dec 31, 2023 334.23 Mn