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.

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