🚀 VC round data is live in beta, check it out!
System1 Valuation Multiples
Discover revenue and EBITDA valuation multiples for System1 and similar public comparables like Litium, Teneo AI, TextMagic, Yoshi Innovation and more.
System1 Overview
About System1
System1 Inc develops technology and data science to operate a responsive acquisition marketing platform. It serves customers in the areas of health and wellness, automotive, finance, travel, and entertainment. The company's segment includes Owned and Operated Advertising (O&O); and Partner Network. It generates maximum revenue from the Owned and Operated Advertising (O&O) segment. Geographically, it operates in United States and Other countries.
Founded
2020
HQ
Employees
300
Website
Financials (LTM)
EV
$235M
System1 Financials
System1 reported last 12-month revenue of $261M and EBITDA of $40M.
In the same LTM period, System1 generated $100M in gross profit, $40M in EBITDA, and had net loss of ($72M).
Revenue (LTM)
System1 P&L
In the most recent fiscal year, System1 reported revenue of $344M and EBITDA of $39M.
System1 expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $261M | XXX | $344M | XXX | XXX | XXX |
| Gross Profit | $100M | XXX | $152M | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 44% | XXX | XXX | XXX |
| EBITDA | $40M | XXX | $39M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | (23%) | XXX | (26%) | XXX | XXX | XXX |
| Net Profit | ($72M) | XXX | ($75M) | XXX | XXX | XXX |
| Net Margin | (27%) | XXX | (22%) | XXX | XXX | XXX |
| Net Debt | — | — | $208M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
System1 Stock Performance
System1 has current market cap of $27M, and enterprise value of $235M.
Market Cap Evolution
System1's stock price is $3.31.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $235M | $27M | 0.0% | XXX | XXX | XXX | $-9.19 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialSystem1 Valuation Multiples
System1 trades at 0.9x EV/Revenue multiple, and 5.8x EV/EBITDA.
EV / Revenue (LTM)
System1 Financial Valuation Multiples
As of March 9, 2026, System1 has market cap of $27M and EV of $235M.
Equity research analysts estimate System1's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
System1 has a P/E ratio of (0.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $27M | XXX | $27M | XXX | XXX | XXX |
| EV (current) | $235M | XXX | $235M | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 5.8x | XXX | 6.1x | XXX | XXX | XXX |
| EV/EBIT | (3.9x) | XXX | (2.7x) | XXX | XXX | XXX |
| EV/Gross Profit | 2.3x | XXX | 1.5x | XXX | XXX | XXX |
| P/E | (0.4x) | XXX | (0.4x) | XXX | XXX | XXX |
| EV/FCF | 19.0x | XXX | 41.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified System1 Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
System1 Margins & Growth Rates
System1's revenue in the last 12 month declined by (10%).
System1's revenue per employee in the last FY averaged $0.9M.
System1's rule of 40 is 6% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
System1's rule of X is (9%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
System1 Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (10%) | XXX | (22%) | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | (16%) | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 6% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (9%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 47% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 70% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
System1 Public Comps
See public comps and valuation multiples for other Sales & Marketing Automation Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Litium | XXX | XXX | XXX | XXX | XXX | XXX |
| Teneo AI | XXX | XXX | XXX | XXX | XXX | XXX |
| TextMagic | XXX | XXX | XXX | XXX | XXX | XXX |
| Yoshi Innovation | XXX | XXX | XXX | XXX | XXX | XXX |
| Growens | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
System1 M&A Activity
System1 acquired XXX companies to date.
Last acquisition by System1 was on XXXXXXXX, XXXXX. System1 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by System1
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialSystem1 Investment Activity
System1 invested in XXX companies to date.
System1 made its latest investment on XXXXXXXX, XXXXX. System1 invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by System1
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout System1
| When was System1 founded? | System1 was founded in 2020. |
| Where is System1 headquartered? | System1 is headquartered in United States. |
| How many employees does System1 have? | As of today, System1 has over 300 employees. |
| Who is the CEO of System1? | System1's CEO is Michael L. Blend. |
| Is System1 publicly listed? | Yes, System1 is a public company listed on NYSE. |
| What is the stock symbol of System1? | System1 trades under SST ticker. |
| When did System1 go public? | System1 went public in 2022. |
| Who are competitors of System1? | System1 main competitors are Litium, Teneo AI, TextMagic, Yoshi Innovation. |
| What is the current market cap of System1? | System1's current market cap is $27M. |
| What is the current revenue of System1? | System1's last 12 months revenue is $261M. |
| What is the current revenue growth of System1? | System1 revenue growth (NTM/LTM) is (10%). |
| What is the current EV/Revenue multiple of System1? | Current revenue multiple of System1 is 0.9x. |
| Is System1 profitable? | Yes, System1 is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of System1? | System1's last 12 months EBITDA is $40M. |
| What is System1's EBITDA margin? | System1's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of System1? | Current EBITDA multiple of System1 is 5.8x. |
| What is the current FCF of System1? | System1's last 12 months FCF is $12M. |
| What is System1's FCF margin? | System1's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of System1? | Current FCF multiple of System1 is 19.0x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.