Runs online advertising platforms for consumer brands.
Jun 2026Revenue $181M/yrExpenses $273M/yr
Fell below break-even Sep 2022Cash runway ≈ 1.0 years from Jun 2026
Figures by year
When will System1 be profitable again?
Its expenses passed its revenue in Sep 2022. In the 12 months to Jun 2026, revenue was $181M and expenses $273M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $266M | $328M | −$62.0M |
| Dec 2024 | $344M | $433M | −$88.6M |
| Dec 2023 | $402M | $488M | −$86.0M |
| Dec 2021 | $688M | $638M | $50.8M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.