Quarterly ResultAug 5, 2026, 04:13 PM
System1 Q2 Revenue $30.2M, Net Loss $15.3M; Debt Cut by Half
AI Summary
System1, Inc. announced its second quarter 2026 financial results, reporting revenue of $30.2 million and a GAAP Net Loss of $15.3 million. Adjusted EBITDA for the quarter was $1.9 million, with an Adjusted Gross Profit margin of 85%. The company highlighted a transformative agreement to cut its gross debt by half and the launch of new agentic AI products, including MCP servers for MapQuest and Dogpile, and the IntentStream audience data platform. Management noted a planned decrease in revenue due to reduced marketing activity, focusing on higher-quality Products business.
Key Highlights
- Signed agreement to cut gross debt by half, setting up long-term investment in Products business.
- Reported Q2 2026 revenue of $30.2 million, down from $78.1 million in Q2 2025.
- GAAP Net Loss for Q2 2026 was $15.3 million, an improvement from $21.5 million in Q2 2025.
- Adjusted EBITDA for Q2 2026 was $1.9 million, compared to $11.7 million in Q2 2025.
- Achieved an Adjusted Gross Profit margin of 85% in Q2 2026, up from approximately 52.5% in Q2 2025.
- Launched new agentic AI products including MCP servers for MapQuest and Dogpile, and IntentStream data platform.
- CouponFollow.com became the second-largest organic coupon site in Q2.
- Startpage user sessions grew 31% year-over-year, with mobile app sessions up 63%.
Price Impact
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