System1 (SST) Operating Leases (2022 - 2026)
Quarterly results put Operating Leases at $7.8 million for Q1 2026, up 484.25% from a year ago — trailing twelve months through Mar 2026 was $7.8 million (up 484.25% YoY), and the annual figure for FY2025 was $8.2 million, up 499.49%.
System1 has reported Operating Leases over the past 5 years, most recently at $7.8 million for Q1 2026.
- Operating Leases reached $7.8 million in Q1 2026 per SST's latest filing, down from $8.2 million in the prior quarter.
- Across five years, Operating Leases topped out at $9.1 million in Q2 2022 and bottomed at $1.3 million in Q1 2025.
- Median Operating Leases over the past 5 years was $4.1 million (2023), compared with a mean of $4.7 million.
- The largest annual shift saw Operating Leases plummeted 61.89% in 2024 before it soared 499.49% in 2025.
- Over 5 years, Operating Leases stood at $5.9 million in 2022, then plummeted by 39.03% to $3.6 million in 2023, then tumbled by 61.89% to $1.4 million in 2024, then skyrocketed by 499.49% to $8.2 million in 2025, then decreased by 5.25% to $7.8 million in 2026.
- Business Quant data shows Operating Leases for SST at $7.8 million in Q1 2026, $8.2 million in Q4 2025, and $2.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.75 Mn |
| Dec 31, 2025 | 8.18 Mn |
| Sep 30, 2025 | 2.78 Mn |
| Jun 30, 2025 | 2.86 Mn |
| Mar 31, 2025 | 1.33 Mn |
| Dec 31, 2024 | 1.37 Mn |
| Sep 30, 2024 | 1.82 Mn |
| Jun 30, 2024 | 2.34 Mn |
| Mar 31, 2024 | 2.94 Mn |
| Dec 31, 2023 | 3.58 Mn |
| Sep 30, 2023 | 4.14 Mn |
| Jun 30, 2023 | 4.78 Mn |
| Mar 31, 2023 | 5.31 Mn |
| Dec 31, 2022 | 5.88 Mn |
| Sep 30, 2022 | 8.51 Mn |
| Jun 30, 2022 | 9.14 Mn |
| Mar 31, 2022 | 7.54 Mn |