System1 (SST) Revenue & Revenue Breakdown
System1 Revenue Highlights
Latest Revenue (Y)
$401.97M
Latest Revenue (Q)
$94.58M
Main Segment (Y)
Partner Network
Main Geography (Y)
UNITED STATES
System1 Revenue by Period
System1 Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $401.97M | -51.37% |
| 2022-12-31 | $826.65M | 20.09% |
| 2021-12-31 | $688.39M | 44.63% |
| 2020-12-31 | $475.98M | 16.81% |
| 2019-12-31 | $407.49M | 53.46% |
| 2018-12-31 | $265.53M | - |
System1 generated $401.97M in revenue during NA 2023, up -51.37% compared to the previous quarter, and up 151.38% compared to the same period a year ago.
System1 Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $94.58M | 11.38% |
| 2024-03-31 | $84.92M | -11.66% |
| 2023-12-31 | $96.12M | 9.45% |
| 2023-09-30 | $87.82M | -40.36% |
| 2023-06-30 | $147.24M | -12.28% |
| 2023-03-31 | $167.85M | -10.17% |
| 2022-12-31 | $186.86M | -7.12% |
| 2022-09-30 | $201.18M | -8.47% |
| 2022-06-30 | $219.80M | 261.21% |
| 2022-03-31 | $60.85M | -112.45% |
| 2021-12-31 | $-488.59M | -384.98% |
| 2021-09-30 | $171.45M | 1.10% |
| 2021-06-30 | $169.58M | 14.92% |
| 2021-03-31 | $147.56M | 8.70% |
| 2020-12-31 | $135.75M | 100.00% |
| 2020-09-30 | - | 100.00% |
| 2020-06-30 | - | - |
System1 generated $94.58M in revenue during Q2 2024, up 11.38% compared to the previous quarter, and up 56.35% compared to the same period a year ago.
System1 Revenue Breakdown
System1 Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 |
|---|---|---|
| Partner Network | $73.04M | $55.93M |
| Subscription | - | $161.71M |
System1's latest annual revenue breakdown by segment (product or service), as of Dec 23: Partner Network (100.00%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|---|---|---|---|
| Partner Network | $15.89M | $16.70M | $21.63M | $19.61M | $15.09M | $10.02M | $13.32M | $7.98M |
| Owned and Operated | - | - | $66.19M | $77.30M | $106.03M | $146.88M | $163.71M | $130.26M |
| Subscription | - | - | - | $50.32M | $46.74M | $44.28M | $42.77M | $27.87M |
System1's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Partner Network (100.00%).
System1 Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 |
|---|---|---|
| Non-US | $16.12M | $18.39M |
| UNITED STATES | $385.85M | $593.53M |
System1's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (95.99%), and Non-US (4.01%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $81.68M | $93.73M | $81.51M | $93.41M | $117.20M | $156.73M | $167.87M | $134.61M |
| Non-US | $3.23M | $2.51M | $6.31M | $3.50M | $3.80M | $169.00K | $9.00M | $3.78M |
System1's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (96.19%), and Non-US (3.81%).
System1 Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MMS | Maximus | $4.90B | $1.35B |
| BV | BrightView | $2.82B | $738.80M |
| CBZ | CBIZ | $1.59B | $53.64M |
| AZZ | AZZ | $1.54B | $723.75M |
| VVI | Viad | $1.24B | $378.54M |
| FA | First Advantage | $763.76M | $184.55M |
| CVEO | Civeo | $699.01M | $188.71M |
| SST | System1 | $401.97M | $94.58M |
| PFSW | PFSweb | $295.12M | $67.92M |
| CASS | Cass Information Systems | $196.96M | $48.99M |
| PFMT | Performant Financial | $113.74M | $27.33M |
| WHLM | Wilhelmina | $17.21M | $4.17M |
SST Revenue FAQ
What is System1’s yearly revenue?
System1's yearly revenue for 2023 was $401.97M, representing a decrease of -51.37% compared to 2022. The company's yearly revenue for 2022 was $826.65M, representing an increase of 20.09% compared to 2021. SST's yearly revenue for 2021 was $688.39M, representing an increase of 44.63% compared to 2020.
What is System1’s quarterly revenue?
System1's quarterly revenue for Q2 2024 was $94.58M, a 11.38% increase from the previous quarter (Q1 2024), and a -35.76% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $84.92M, a -11.66% decrease from the previous quarter (Q4 2023), and a -49.41% decrease year-over-year (Q1 2023). SST's quarterly revenue for Q4 2023 was $96.12M, a 9.45% increase from the previous quarter (Q3 2023), and a -48.56% decrease year-over-year (Q4 2022).
What is System1’s revenue growth rate?
System1's revenue growth rate for the last 3 years (2021-2023) was -41.61%, and for the last 5 years (2019-2023) was -1.36%.
What are System1’s revenue streams?
System1's revenue streams in c 23 are Partner Network
What is System1’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of System1 was Partner Network. This segment made a revenue of $73.04M, representing 100.00% of the company's total revenue.