System1 annual gross margin
2021
2022
2023
2024
2025
System1 Gross Margin Growth & History (SST)
System1's gross margin was 37.72% for fiscal 2025.
View full System1 company overviewSystem1 annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 37.72% | +8.26 pp |
| 2024 | 2024-12-31 | 29.46% | −10.62 pp |
| 2023 | 2023-12-31 | 40.08% | +11.76 pp |
| 2022 | 2022-12-31 | 28.32% | +4.02 pp |
| 2021 | 2021-12-31 | 24.30% | — |
System1 quarterly gross margin
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 80.38% | +44.66 pp |
| Q1 2026 | 2026-03-31 | 62.78% | +24.61 pp |
| Q4 2025 | 2025-12-31 | 41.04% | −1.05 pp |
| Q3 2025 | 2025-09-30 | 36.94% | +8.99 pp |
| Q2 2025 | 2025-06-30 | 35.72% | +8.15 pp |
| Q1 2025 | 2025-03-31 | 38.16% | +16.26 pp |
| Q4 2024 | 2024-12-31 | 42.09% | −5.21 pp |
| Q3 2024 | 2024-09-30 | 27.96% | −14.44 pp |
| Q2 2024 | 2024-06-30 | 27.57% | −13.97 pp |
| Q1 2024 | 2024-03-31 | 21.90% | −9.61 pp |
| Q4 2023 | 2023-12-31 | 47.30% | +26.05 pp |
| Q3 2023 | 2023-09-30 | 42.40% | +13.28 pp |
| Q2 2023 | 2023-06-30 | 41.54% | +10.95 pp |
| Q1 2023 | 2023-03-31 | 31.51% | +3.98 pp |
| Q4 2022 | 2022-12-31 | 21.24% | −1.04 pp |
| Q3 2022 | 2022-09-30 | 29.11% | +4.29 pp |
| Q2 2022 | 2022-06-30 | 30.59% | +4.99 pp |
| Q1 2022 | 2022-03-31 | 27.53% | +2.60 pp |
| Q4 2021 | 2021-12-31 | 22.29% | — |
| Q3 2021 | 2021-09-30 | 24.82% | — |
| Q2 2021 | 2021-06-30 | 25.60% | — |
| Q1 2021 | 2021-03-31 | 24.92% | — |
System1 gross margin trends
Between the periods ended 2021-12-31 and 2025-12-31, System1's gross margin increased from 24.30% to 37.72%, a change of +13.42 percentage points. The latest reported quarter, Q2 2026, shows 80.38%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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