System1 (SST) Receivables (2021 - 2026)
System1's (SST) quarterly Receivables came in at $53.3 million in Q1 2026, down 13.77% year-on-year from $61.8 million in Q1 2025, and down 7.04% quarter-over-quarter from $57.3 million in Q4 2025.
System1 (SST) Receivables (2021 - 2026) Analysis & Trends
System1 has disclosed Receivables across 6 years of filings, most recently posting $53.3 million for Q1 2026.
- Receivables for Q1 2026 came in at $53.3 million, down 13.77% year-over-year; the trailing twelve-month figure through Mar 2026 was $53.3 million (down 13.77% YoY), and the FY2025 annual result was $57.3 million, down 8.94% from the prior year.
- Receivables came in at $53.3 million for Q1 2026 at System1, down from $57.3 million in the prior quarter.
- In the past five years, Receivables ranged from a high of $101.6 million in Q1 2022 to a low of $458000.0 in Q1 2023.
- The 5-year median for Receivables is $59.4 million (2023), against an average of $58.4 million.
- Across the five-year window, Receivables plunged 99.55% in 2023 and soared 11414.19% in 2024, its largest moves.
- System1's Receivables stood at $4.8 million in 2022, then jumped by 1057.27% to $56.1 million in 2023, then gained by 12.16% to $62.9 million in 2024, then declined by 8.94% to $57.3 million in 2025, then fell by 7.04% to $53.3 million in 2026.
- The last three Receivables figures came in at $53.3 million (Q1 2026), $57.3 million (Q4 2025), and $54.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 1.54 Bn |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 794.47 Mn |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 894.80 Mn |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 719.00 Mn |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | 1.42 Bn |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 2.48 Bn |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | 2.89 Bn |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 3.50 Bn |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 869.14 Mn |
| 10 | System1 | 24.27 Mn | -51.34 Mn | 23.37 Mn | 53.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 53.26 Mn |
| Dec 31, 2025 | 57.29 Mn |
| Sep 30, 2025 | 54.36 Mn |
| Jun 30, 2025 | 70.22 Mn |
| Mar 31, 2025 | 61.76 Mn |
| Dec 31, 2024 | 62.92 Mn |
| Sep 30, 2024 | 57.60 Mn |
| Jun 30, 2024 | 61.92 Mn |
| Mar 31, 2024 | 52.74 Mn |
| Dec 31, 2023 | 56.09 Mn |
| Sep 30, 2023 | 59.39 Mn |
| Jun 30, 2023 | 62.79 Mn |
| Mar 31, 2023 | 458,000.00 |
| Dec 31, 2022 | 4.85 Mn |
| Sep 30, 2022 | 80.43 Mn |
| Jun 30, 2022 | 95.01 Mn |
| Mar 31, 2022 | 101.57 Mn |
| Dec 31, 2021 | 91.70 Mn |