System1 (SST) Non-Current Debt (2022 - 2026)
System1 (SST) reported Non-Current Debt of $214.88 million for Q2 2026, down 11.1% from $241.8 million a year earlier and down 3.1% from the prior quarter.
Powered by 
Analysis
System1 (SST) Non-Current Debt (2022 - 2026) Analysis & Trends
At the end of FY2025, System1 posted Non-Current Debt of $228.4 million, down 10.5% from FY2024.
- Non-Current Debt has declined for three consecutive years, with a three-year compound annual growth rate of -17.0% (FY2022 to FY2025).
- By year, Non-Current Debt came in at $255.12 million in FY2024 (-23.7%), $334.23 million in FY2023 (-16.3%) and $399.5 million in FY2022.
- The Q2 2026 figure ranks as the lowest quarterly Non-Current Debt in data going back to Q1 2022.
- Year over year, Non-Current Debt has now declined in each of the last 14 quarters, with an average decline of 14.3% over the last eight quarters.
- The year-over-year decline in Non-Current Debt has ranged between 3.4% (Q1 2023) and 33.2% (Q3 2024) over the last five years.
- Per Business Quant data, the three quarters before Q2 2026 came in at $221.65 million (Q1 2026), $228.4 million (Q4 2025) and $235.11 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 98.17 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 83.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 11.83 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 8.25 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 10.73 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 18.18 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | - |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 3.52 Bn |
| 10 | System1 | 27.60 Mn | -232.22 Mn | 24.27 Mn | 214.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 214.88 Mn |
| Mar 31, 2026 | 221.65 Mn |
| Dec 31, 2025 | 228.40 Mn |
| Sep 30, 2025 | 235.11 Mn |
| Jun 30, 2025 | 241.80 Mn |
| Mar 31, 2025 | 248.46 Mn |
| Dec 31, 2024 | 255.12 Mn |
| Sep 30, 2024 | 259.24 Mn |
| Jun 30, 2024 | 263.34 Mn |
| Mar 31, 2024 | 268.60 Mn |
| Dec 31, 2023 | 334.23 Mn |
| Sep 30, 2023 | 388.07 Mn |
| Jun 30, 2023 | 391.89 Mn |
| Mar 31, 2023 | 395.70 Mn |
| Dec 31, 2022 | 399.50 Mn |
| Sep 30, 2022 | 402.27 Mn |
| Jun 30, 2022 | 406.03 Mn |
| Mar 31, 2022 | 409.78 Mn |
API Access
System1 Non-Current Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "SST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();