System1 Q2 FY26 GAAP net loss narrows to $15.3 million; revenue falls to $30.2 million
SST•Q2 results
- System1 posted Q2 2026 revenue of $30.2 million, down 61.34% from a year earlier.
- GAAP net loss narrowed to $15.3 million; GAAP gross profit fell to $24.3 million, with margin rising to 80%.
- Non-GAAP adjusted EBITDA slid to $1.9 million; adjusted gross profit declined to $25.5 million, with margin climbing to 85%.
- Management cited a late-Q1 pullback in search-monetization marketing, shifting mix toward the higher-margin Products business.
- Launched agentic AI products including MapQuest and Dogpile MCP servers, Dogpile Fetch search API, and the IntentStream audience data platform.
