Superworth

System1 profit margin SST

Gross, operating and net profit as a share of revenue over the last twelve months, from 2021.

Net margin, 12 months
−50.7%
Operating margin, 12 months
−51.0%
Net margin on a year earlier
−28.2 pts
Peer median
16.5%

Over the twelve months to Jun 30, 2026, System1 kept −50.7% of its revenue as net profit, with an operating margin of −51.0% and a gross margin of 50.7%.

The median for 3 application software stocks of a similar size is 16.5%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−24.6%−23.3%37.7%
FY2024−21.7%−25.8%29.5%
FY2023−56.5%−21.4%38.1%
FY20214.8%7.4%24.3%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−50.7%−28.2 pts−51.0%
Q1 FY26−42.2%−18.2 pts−43.7%
Q4 FY25−24.6%−2.8 pts−23.3%
Q3 FY25−22.8%+1.4 pts−19.5%
Q2 FY25−22.4%+31.5 pts−19.8%
Q1 FY25−24.0%+31.8 pts−22.8%
Q4 FY24−21.7%+34.8 pts−25.8%
Q3 FY24−24.2%n/a−26.3%
Q2 FY24−53.9%n/a−26.1%
Q1 FY24−55.8%n/a−23.9%
Q4 FY23−56.5%n/a−21.4%
Q3 FY23n/an/an/a

Against its peers

Companies in Software - Application nearest System1's size, closest first, today.

CompanyProfit margin
SSTSystem1−50.7%
TZOOTravelzoo0.5%
ALISCalisa Acquisitionn/m
TRAKReposiTrak32.5%
Peer median16.5%

Where System1 ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on System1

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.