System1 (SST) Operating Leases (2022 - 2026)

System1 has disclosed Operating Leases across 5 years of filings, most recently posting $7.8 million for Q1 2026.

• Operating Leases for Q1 2026 came in at $7.8 million, up 484.25% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.8 million (up 484.25% YoY), and the FY2025 annual result was $8.2 million, up 499.49% from the prior year.
• Operating Leases came in at $7.8 million for Q1 2026 at System1, down from $8.2 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $9.1 million in Q2 2022 to a low of $1.3 million in Q1 2025.
• The 5-year median for Operating Leases is $4.1 million (2023), against an average of $4.7 million.
• Across the five-year window, Operating Leases plunged 61.89% in 2024 and soared 499.49% in 2025, its largest moves.
• System1's Operating Leases stood at $5.9 million in 2022, then sank by 39.03% to $3.6 million in 2023, then slumped by 61.89% to $1.4 million in 2024, then jumped by 499.49% to $8.2 million in 2025, then declined by 5.25% to $7.8 million in 2026.
• The last three Operating Leases figures came in at $7.8 million (Q1 2026), $8.2 million (Q4 2025), and $2.8 million (Q3 2025), per Business Quant data.