System1 (SST) Payables (2020 - 2026)
System1 (SST) recorded Payables of $15.14 million in Q2 2026, down 46.0% from $28.06 million a year earlier but up 5.9% from the prior quarter.
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Analysis
System1 (SST) Payables (2020 - 2026) Analysis & Trends
At the end of FY2025, System1 reported Payables of $22.02 million, up 111.7% from FY2024.
- Annual Payables has increased for three straight years, with a five-year compound annual growth rate of 104.7% (FY2020 to FY2025).
- Across earlier years, Payables came in at $10.4 million in FY2024 (+9.5%), $9.5 million in FY2023 (+41.6%), $6.71 million in FY2022 (-97.2%) and $243.3 million in FY2021.
- Quarterly Payables has ranged from $2.61 million in Q3 2021 to $243.3 million in Q4 2021 over the past five years.
- On a year-over-year basis, Payables rose in six of the last eight quarters, with growth averaging 73.7%.
- Peak year-over-year performance for Payables in the last five years was growth of 369.8% in Q3 2022, against a decline of 97.2% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $14.29 million (Q1 2026), $22.02 million (Q4 2025) and $23.07 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 20.26 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 15.89 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 3.30 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | - |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 1.12 Bn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 3.36 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 5.15 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 11.29 Bn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 778.94 Mn |
| 10 | System1 | 27.60 Mn | -232.22 Mn | 24.27 Mn | 15.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.14 Mn |
| Mar 31, 2026 | 14.29 Mn |
| Dec 31, 2025 | 22.02 Mn |
| Sep 30, 2025 | 23.07 Mn |
| Jun 30, 2025 | 28.06 Mn |
| Mar 31, 2025 | 7.64 Mn |
| Dec 31, 2024 | 10.40 Mn |
| Sep 30, 2024 | 9.42 Mn |
| Jun 30, 2024 | 6.25 Mn |
| Mar 31, 2024 | 7.06 Mn |
| Dec 31, 2023 | 9.50 Mn |
| Sep 30, 2023 | 37.78 Mn |
| Jun 30, 2023 | 22.34 Mn |
| Mar 31, 2023 | 11.26 Mn |
| Dec 31, 2022 | 6.71 Mn |
| Sep 30, 2022 | 12.24 Mn |
| Jun 30, 2022 | 32.17 Mn |
| Mar 31, 2022 | 90.83 Mn |
| Dec 31, 2021 | 243.30 Mn |
| Sep 30, 2021 | 2.61 Mn |
API Access
System1 Payables 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=payables&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();