System1 annual operating margin
2021
2022
2023
2024
2025
System1 Operating Margin Growth & History (SST)
System1's operating margin was −23.31% for fiscal 2025.
View full System1 company overviewSystem1 annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −23.31% | +2.45 pp |
| 2024 | 2024-12-31 | −25.76% | −4.37 pp |
| 2023 | 2023-12-31 | −21.39% | +53.36 pp |
| 2022 | 2022-12-31 | −74.76% | −82.14 pp |
| 2021 | 2021-12-31 | 7.38% | — |
System1 quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −27.45% | −7.09 pp |
| Q1 2026 | 2026-03-31 | −137.07% | −119.46 pp |
| Q4 2025 | 2025-12-31 | −33.58% | −17.84 pp |
| Q3 2025 | 2025-09-30 | −25.28% | −0.73 pp |
| Q2 2025 | 2025-06-30 | −20.36% | +10.39 pp |
| Q1 2025 | 2025-03-31 | −17.62% | +12.76 pp |
| Q4 2024 | 2024-12-31 | −15.75% | +4.11 pp |
| Q3 2024 | 2024-09-30 | −24.56% | −0.81 pp |
| Q2 2024 | 2024-06-30 | −30.75% | −8.23 pp |
| Q1 2024 | 2024-03-31 | −30.38% | −10.37 pp |
| Q4 2023 | 2023-12-31 | −19.85% | +26.07 pp |
| Q3 2023 | 2023-09-30 | −23.75% | +202.64 pp |
| Q2 2023 | 2023-06-30 | −22.52% | −8.36 pp |
| Q1 2023 | 2023-03-31 | −20.00% | +3.77 pp |
| Q4 2022 | 2022-12-31 | −45.92% | −49.70 pp |
| Q3 2022 | 2022-09-30 | −226.39% | −235.74 pp |
| Q2 2022 | 2022-06-30 | −14.16% | −23.78 pp |
| Q1 2022 | 2022-03-31 | −23.77% | −31.19 pp |
| Q4 2021 | 2021-12-31 | 3.77% | — |
| Q3 2021 | 2021-09-30 | 9.35% | — |
| Q2 2021 | 2021-06-30 | 9.63% | — |
| Q1 2021 | 2021-03-31 | 7.42% | — |
System1 operating margin trends
Across the available reported history, System1's operating margin increased from −25.76% to −23.31%, a change of +2.45 percentage points. The latest reported quarter, Q2 2026, shows −27.45%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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.
Review System1 filings at SEC.gov ↗