System1 (SST) Total Debt (2021 - 2026)
System1 (SST) recorded Total Debt of $291.8 million in Q2 2026, up 10.8% from $263.34 million a year earlier but down 2.2% from the prior quarter.
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Analysis
System1 (SST) Total Debt (2021 - 2026) Analysis & Trends
At the end of FY2025, System1 reported Total Debt of $305.12 million, up 12.4% from FY2024.
- Annual Total Debt has a four-year compound annual growth rate of -2.7% (FY2021 to FY2025).
- Across earlier years, Total Debt came in at $271.52 million in FY2024 (-22.3%), $349.5 million in FY2023 (-15.7%), $414.53 million in FY2022 (+21.6%) and $340.91 million in FY2021.
- Quarterly Total Debt has ranged from $450,000 in Q3 2021 to $424.6 million in Q1 2022 over the past five years.
- On a year-over-year basis, Total Debt has increased for three consecutive quarters, with an average decline of 4.6% over the last eight quarters.
- Peak year-over-year performance for Total Debt in the last five years was growth of 21.6% in Q4 2022, against a decline of 31.7% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $298.46 million (Q1 2026), $305.12 million (Q4 2025) and $259.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 98.17 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 83.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 14.31 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 25.22 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 12.72 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 20.18 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | - |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 3.52 Bn |
| 10 | System1 | 27.60 Mn | -232.22 Mn | 24.27 Mn | 291.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 291.80 Mn |
| Mar 31, 2026 | 298.46 Mn |
| Dec 31, 2025 | 305.12 Mn |
| Sep 30, 2025 | 259.24 Mn |
| Jun 30, 2025 | 263.34 Mn |
| Mar 31, 2025 | 267.43 Mn |
| Dec 31, 2024 | 271.52 Mn |
| Sep 30, 2024 | 275.57 Mn |
| Jun 30, 2024 | 279.61 Mn |
| Mar 31, 2024 | 284.79 Mn |
| Dec 31, 2023 | 349.50 Mn |
| Sep 30, 2023 | 403.27 Mn |
| Jun 30, 2023 | 407.03 Mn |
| Mar 31, 2023 | 410.78 Mn |
| Dec 31, 2022 | 414.53 Mn |
| Sep 30, 2022 | 417.23 Mn |
| Jun 30, 2022 | 420.91 Mn |
| Mar 31, 2022 | 424.60 Mn |
| Dec 31, 2021 | 340.91 Mn |
| Sep 30, 2021 | 450,000.00 |
API Access
System1 Total Debt 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=total-debt&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();