System1 (SST) Receivables (2021 - 2026)
System1's Receivables was $40.98 million in Q2 2026, down 41.6% from $70.22 million a year earlier and down 23.1% from the prior quarter.
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Analysis
System1 (SST) Receivables (2021 - 2026) Analysis & Trends
At the end of FY2025, Receivables at System1 came in at $57.29 million, down 8.9% from FY2024.
- Receivables shows a four-year compound annual growth rate of -11.1% (FY2021 to FY2025).
- In earlier years, Receivables was $62.92 million in FY2024 (+12.2%), $56.09 million in FY2023 (-32.3%), $82.88 million in FY2022 (-9.6%) and $91.7 million in FY2021.
- The Q2 2026 figure marks the lowest quarterly Receivables since Q4 2022.
- Compared with a year earlier, Receivables has declined for four straight quarters, with an average decline of 3.8% over the last eight quarters.
- The best year-over-year quarter for Receivables over five years was Q1 2025 (growth of 17.1%); the worst was Q4 2022 (a decline of 94.7%).
- Per Business Quant data, SST's Receivables in the three quarters before Q2 2026 was $53.26 million (Q1 2026), $57.29 million (Q4 2025) and $54.36 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 69.18 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 21.75 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 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 | 466.00 Mn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 4.30 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 4.34 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | - |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 2.17 Bn |
| 10 | System1 | 27.60 Mn | -232.22 Mn | 24.27 Mn | 40.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.98 Mn |
| 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 | 69.32 Mn |
| 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 |
API Access
System1 Receivables 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=receivables&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables", "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=receivables&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();