System1 (SST) Share-based Compensation (2021 - 2026)
System1 (SST) reported Share-based Compensation of $1.36 million for Q2 2026, down 70.2% from $4.54 million a year earlier but up 7.2% from the prior quarter.
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Analysis
System1 (SST) Share-based Compensation (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, System1's Share-based Compensation came in at $6.74 million, down 56.7% year-over-year; for FY2025, it came in at $11.31 million, down 28.2% from FY2024.
- Share-based Compensation has declined for three consecutive years, though with a four-year compound annual growth rate of 128.8% (FY2021 to FY2025).
- By year, Share-based Compensation came in at $15.76 million in FY2024 (-70.3%), $53.09 million in FY2023 (-51.0%), $108.32 million in FY2022 and $413,000 in FY2021.
- Five-year quarterly Share-based Compensation spans a low of $79,000 in Q4 2021 and a high of $32.3 million in Q1 2022.
- Year over year, Share-based Compensation has now declined in each of the last four quarters, with an average decline of 42.4% over the last eight quarters.
- The high point for year-over-year Share-based Compensation in five years was Q2 2025 (growth of 32.0%); the low point was Q2 2024 (a decline of 80.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.26 million (Q1 2026), $1.29 million (Q4 2025) and $2.83 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 7.96 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 7.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 131.31 Mn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 437.00 Mn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 128.00 Mn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 550.00 Mn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 140.00 Mn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | - |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 85.61 Mn |
| 10 | System1 | 27.60 Mn | -232.22 Mn | 24.27 Mn | 1.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.36 Mn |
| Mar 31, 2026 | 1.26 Mn |
| Dec 31, 2025 | 1.29 Mn |
| Sep 30, 2025 | 2.83 Mn |
| Jun 30, 2025 | 4.54 Mn |
| Mar 31, 2025 | 2.65 Mn |
| Dec 31, 2024 | 4.57 Mn |
| Sep 30, 2024 | 3.78 Mn |
| Jun 30, 2024 | 3.44 Mn |
| Mar 31, 2024 | 3.97 Mn |
| Dec 31, 2023 | 8.97 Mn |
| Sep 30, 2023 | 12.26 Mn |
| Jun 30, 2023 | 17.73 Mn |
| Mar 31, 2023 | 14.12 Mn |
| Dec 31, 2022 | 19.48 Mn |
| Sep 30, 2022 | 31.38 Mn |
| Jun 30, 2022 | 25.17 Mn |
| Mar 31, 2022 | 32.30 Mn |
| Dec 31, 2021 | 79,000.00 |
| Sep 30, 2021 | 110,000.00 |
API Access
System1 Share-based Compensation 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=share-based-compensation&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();