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Side-by-side financial comparison of Better Home & Finance Holding Co (BETR) and System1, Inc. (SST). Click either name above to swap in a different company.
System1, Inc. is the larger business by last-quarter revenue ($51.9M vs $44.3M, roughly 1.2× Better Home & Finance Holding Co). System1, Inc. runs the higher net margin — -26.0% vs -3349.0%, a 3323.0% gap on every dollar of revenue. On growth, Better Home & Finance Holding Co posted the faster year-over-year revenue change (77.4% vs -31.3%). Over the past eight quarters, Better Home & Finance Holding Co's revenue compounded faster (41.1% CAGR vs -21.8%).
Bajaj Finance Limited (BFL) is an Indian deposit-taking non-banking financial company (NBFC-UL) headquartered in Pune. It has 110.64 million customers and holds assets under management worth ₹462,250 crore (US$55 billion), as of September 2025.
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
BETR vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.3M | $51.9M |
| Net Profit | $-39.9M | $-13.5M |
| Gross Margin | — | 41.0% |
| Operating Margin | -3376.8% | -33.6% |
| Net Margin | -3349.0% | -26.0% |
| Revenue YoY | 77.4% | -31.3% |
| Net Profit YoY | 32.6% | 4.8% |
| EPS (diluted) | $-2.52 | $-3.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $44.3M | $51.9M | ||
| Q3 25 | $43.9M | $61.6M | ||
| Q2 25 | $44.1M | $78.1M | ||
| Q1 25 | $32.6M | $74.5M | ||
| Q4 24 | $25.0M | $75.6M | ||
| Q3 24 | $29.0M | $88.8M | ||
| Q2 24 | $32.3M | $94.6M | ||
| Q1 24 | $22.3M | $84.9M |
| Q4 25 | $-39.9M | $-13.5M | ||
| Q3 25 | $-39.1M | $-18.5M | ||
| Q2 25 | $-36.3M | $-17.5M | ||
| Q1 25 | $-50.6M | $-15.9M | ||
| Q4 24 | $-59.2M | $-14.2M | ||
| Q3 24 | $-54.2M | $-23.6M | ||
| Q2 24 | $-41.4M | $-26.4M | ||
| Q1 24 | $-51.5M | $-10.5M |
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | -3376.8% | -33.6% | ||
| Q3 25 | -88.9% | -25.3% | ||
| Q2 25 | -81.9% | -20.4% | ||
| Q1 25 | -154.9% | -17.6% | ||
| Q4 24 | -1428.3% | -15.7% | ||
| Q3 24 | -186.5% | -24.6% | ||
| Q2 24 | -127.6% | -30.8% | ||
| Q1 24 | -230.8% | -30.4% |
| Q4 25 | -3349.0% | -26.0% | ||
| Q3 25 | -89.2% | -30.1% | ||
| Q2 25 | -82.2% | -22.4% | ||
| Q1 25 | -155.3% | -21.3% | ||
| Q4 24 | -1437.5% | -18.7% | ||
| Q3 24 | -187.0% | -26.6% | ||
| Q2 24 | -128.2% | -27.9% | ||
| Q1 24 | -231.4% | -12.4% |
| Q4 25 | $-2.52 | $-3.58 | ||
| Q3 25 | $-2.56 | $-2.30 | ||
| Q2 25 | $-2.39 | $-2.23 | ||
| Q1 25 | $-3.33 | $-0.21 | ||
| Q4 24 | $-3.92 | $-3.41 | ||
| Q3 24 | $-3.58 | $-3.37 | ||
| Q2 24 | $-2.74 | $-3.80 | ||
| Q1 24 | $-3.41 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $203.4M | $86.9M |
| Total DebtLower is stronger | — | $305.1M |
| Stockholders' EquityBook value | $37.2M | $30.5M |
| Total Assets | $1.5B | $405.0M |
| Debt / EquityLower = less leverage | — | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.4M | $86.9M | ||
| Q3 25 | $205.8M | $54.6M | ||
| Q2 25 | $221.5M | $63.6M | ||
| Q1 25 | $228.0M | $43.9M | ||
| Q4 24 | $264.9M | $63.6M | ||
| Q3 24 | $262.1M | $69.1M | ||
| Q2 24 | $378.8M | $75.7M | ||
| Q1 24 | $482.6M | $69.9M |
| Q4 25 | — | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
| Q4 25 | $37.2M | $30.5M | ||
| Q3 25 | $41.9M | $42.7M | ||
| Q2 25 | $76.6M | $58.2M | ||
| Q1 25 | $-102.1M | $67.2M | ||
| Q4 24 | $-58.2M | $80.3M | ||
| Q3 24 | $388.0K | $90.3M | ||
| Q2 24 | $44.9M | $109.4M | ||
| Q1 24 | $76.3M | $131.7M |
| Q4 25 | $1.5B | $405.0M | ||
| Q3 25 | $1.4B | $385.2M | ||
| Q2 25 | $1.2B | $429.2M | ||
| Q1 25 | $1.0B | $419.2M | ||
| Q4 24 | $913.1M | $459.1M | ||
| Q3 24 | $845.2M | $479.3M | ||
| Q2 24 | $957.9M | $511.3M | ||
| Q1 24 | $841.6M | $521.1M |
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-166.6M | $-10.6M |
| Free Cash FlowOCF − Capex | $-167.8M | — |
| FCF MarginFCF / Revenue | -378.6% | — |
| Capex IntensityCapex / Revenue | 2.7% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-277.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-166.6M | $-10.6M | ||
| Q3 25 | $4.2M | $-2.1M | ||
| Q2 25 | $-56.3M | $24.5M | ||
| Q1 25 | $-57.2M | $-15.9M | ||
| Q4 24 | $-380.0M | $772.0K | ||
| Q3 24 | $-10.6M | $-5.0K | ||
| Q2 24 | $-220.6M | $10.0M | ||
| Q1 24 | $-42.8M | $-16.0M |
| Q4 25 | $-167.8M | — | ||
| Q3 25 | $4.0M | — | ||
| Q2 25 | $-56.7M | — | ||
| Q1 25 | $-57.4M | $-16.0M | ||
| Q4 24 | $-383.4M | — | ||
| Q3 24 | $-11.7M | $-36.0K | ||
| Q2 24 | $-221.8M | — | ||
| Q1 24 | $-43.3M | — |
| Q4 25 | -378.6% | — | ||
| Q3 25 | 9.1% | — | ||
| Q2 25 | -128.5% | — | ||
| Q1 25 | -176.3% | -21.5% | ||
| Q4 24 | -1534.6% | — | ||
| Q3 24 | -40.5% | -0.0% | ||
| Q2 24 | -687.6% | — | ||
| Q1 24 | -194.5% | — |
| Q4 25 | 2.7% | 0.0% | ||
| Q3 25 | 0.5% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 0.6% | 0.1% | ||
| Q4 24 | 13.6% | 0.0% | ||
| Q3 24 | 4.1% | 0.0% | ||
| Q2 24 | 3.9% | 0.0% | ||
| Q1 24 | 2.1% | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
