System1 Q2 2026 revenue $30.2M, down 61% YoY; net loss $15.3M

System1, Inc.

2026-Q2 EPS reported -$7.34 revenue$67,434,000

Revenue $30.2M in Q2 2026, down from $78.1M in Q2 2025 and $37.2M in Q1 2026.
Operating loss of $8.3M improved from $51.0M loss in Q1 2026 but still negative.
Net loss from continuing ops $15.3M; Adjusted EBITDA $1.9M vs $11.7M a year ago.
Marketing revenue $10.7M (down 80% YoY); Products revenue $19.5M (down 19% YoY).
Sessions 686.9M, up 31% YoY; RPS $0.03 vs $0.05 in Q2 2025.

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