System1, Inc. (SSTPW) Return on equity 2023–2025
System1, Inc. (SSTPW) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-214.5%FY2025 · since FY2023: -168.0% → -214.5%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -214.5% | -121.4 pp |
| FY2024 | -93.0% | +74.9 pp |
| FY2023 | -168.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice