Filing Flows › System1 (SST) › Q2 2026
System1 (SST) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
System1 (SST) reported revenue of $30.2M for the second quarter 2026 (Q2 2026), -61% from a year earlier and -19% from the quarter before. Operating margin was -27.5%, net loss $15.3M (50.8% of revenue).
System1, Q2 2026: revenue $30.2M (-61% year over year), operating margin -27.5%, net loss $15.3M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.2M | -19% | -61% |
| Operating profit | −$8.3M | — | — |
| Net earnings | −$15.3M | — | — |
| Operating cash flow | −$2.0M | — | -108% |
What changed
Revenue was $30.2M in Q2 2026, down 61% year over year and down 19% from the previous quarter. Products was the largest line at 64% of revenue. Marketing lost $43.4M year over year (down 80%), 91% of the total change.
Operating costs exceeded revenue by $8.3M, an operating margin of -27.5%. Total costs fell 59% while revenue fell 61%. The quarter ended with a net loss of $15.3M, narrower than the previous quarter's $57.6M loss. Minority interests bore $2.7M of it: to shareholders the quarter was a loss of $12.6M.
Operating cash flow was −$2.0M. Non-cash charges added back $1.4M of share-based compensation. Working capital and other items added $11.9M.
Questions
What was System1's revenue in the second quarter 2026?
System1 (SST) reported revenue of $30.2M for the second quarter 2026 (Q2 2026), -61% from a year earlier and -19% from the quarter before.
Was System1 profitable in the second quarter 2026?
Operating loss was $8.3M (-27.5% of revenue) and net loss $15.3M.
Source: System1 10-Q on SEC EDGAR.