System1 Q1 2026 revenue $37.2M; Adj. EBITDA $2.7M; MapQuest revenue up 23%

System1, Inc.

2026-Q1 EPS reported -$5.82 revenue$37,234,000

Revenue $37.2M; GAAP net loss $57.6M; adjusted EBITDA $2.7M.
GAAP gross margin 63%; adjusted gross margin 76% ($28.2M adj. gross profit).
MapQuest organic traffic +14% YoY, site revenue +23% YoY driven by product releases.
Reduced marketing spend for search monetization to lower go-forward cost structure.
CouponFollow added AI-powered tools; Startpage added sports, flight status & booking.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

System1, Inc. reported first quarter ended March 31, 2026 results: revenue Revenue of $37.2 million, net income GAAP Net Loss of $57.6 million.

Period: first quarter ended March 31, 2026
Revenue: Revenue of $37.2 million
Net income: GAAP Net Loss of $57.6 million
Result: reported results

Exact text from the filing

System1 Announces First Quarter 2026 Financial Results • Revenue of $37.2 million • GAAP Gross Profit of $23.3 million, Margin of 63% • Adjusted Gross Profit of $28.2 million, Margin of 76% • GAAP Net Loss of $57.6 million • Adjusted EBITDA of $2.7 million

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System1, Inc. filing history →

Source: SEC EDGAR

accession 0001805833-26-000025

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