System1 (SST) Operating Income (2020 - 2026)
System1 (SST) posted Operating Income of -$51.0 million for Q1 2026, down 192.58% sequentially from -$17.4 million in Q4 2025, and down 288.82% YoY from $27.0 million in Q1 2025.
System1 (SST) Operating Income (2020 - 2026) Analysis & Trends
System1 has reported Operating Income for 7 years, with the latest figure at -$51.0 million in Q1 2026.
- Quarterly Operating Income fell 288.82% year-over-year to -$51.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$100.0 million (down 31.63% YoY) and the FY2025 annual result came in at -$62.0 million, up 29.98% from the prior year.
- Operating Income slipped to -$51.0 million in Q1 2026 per SST's latest filing, from -$17.4 million in the prior quarter.
- Over five years, Operating Income peaked at -$11.9 million in Q4 2024 and troughed at -$355.2 million in Q3 2022.
- A 5-year average of -$45.2 million and a median of -$21.8 million in 2023 frame the typical range for Operating Income.
- The sharpest annual moves came in 2022 and 2023: Operating Income slumped 2316.24% in 2022, then soared 94.13% in 2023.
- Over 5 years, Operating Income stood at -$54.4 million in 2022, then surged by 64.91% to -$19.1 million in 2023, then surged by 37.61% to -$11.9 million in 2024, then slumped by 46.55% to -$17.4 million in 2025, then plunged by 192.58% to -$51.0 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$51.0 million, -$17.4 million, and -$15.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.91 Bn | 81.62 Bn | 1.48 Bn | 673.04 Mn |
| 2 | Relx | 65.78 Bn | 65.61 Bn | - | - |
| 3 | Copart | 32.19 Bn | 28.83 Bn | 732.88 Mn | 464.28 Mn |
| 4 | Global Payments | 25.14 Bn | 19.73 Bn | 2.03 Bn | 337.12 Mn |
| 5 | Rb Global | 16.23 Bn | 15.71 Bn | 935.50 Mn | 224.80 Mn |
| 6 | Aramark | 15.65 Bn | 15.15 Bn | 430.34 Mn | 215.59 Mn |
| 7 | UL Solutions | 15.04 Bn | 14.60 Bn | 417.00 Mn | 150.00 Mn |
| 8 | Rentokil Initial | 11.94 Bn | 9.41 Bn | - | - |
| 9 | Dolby Laboratories | 6.09 Bn | 5.42 Bn | 264.68 Mn | 34.32 Mn |
| 10 | System1 | 16.41 Mn | -24.59 Mn | 24.27 Mn | -8.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -8.29 Mn |
| Mar 31, 2026 | -51.04 Mn |
| Dec 31, 2025 | -17.44 Mn |
| Sep 30, 2025 | -15.57 Mn |
| Jun 30, 2025 | -15.91 Mn |
| Mar 31, 2025 | -13.13 Mn |
| Dec 31, 2024 | -11.90 Mn |
| Sep 30, 2024 | -21.82 Mn |
| Jun 30, 2024 | -29.09 Mn |
| Mar 31, 2024 | -25.80 Mn |
| Dec 31, 2023 | -19.08 Mn |
| Sep 30, 2023 | -20.85 Mn |
| Jun 30, 2023 | -21.83 Mn |
| Mar 31, 2023 | -24.23 Mn |
| Dec 31, 2022 | -54.37 Mn |
| Sep 30, 2022 | -355.20 Mn |
| Jun 30, 2022 | -31.11 Mn |
| Mar 31, 2022 | -39.49 Mn |
| Dec 31, 2021 | 7.54 Mn |
| Sep 30, 2021 | 16.03 Mn |