NYSE : RDDT
Reddit, Inc. — Financial statements
Communication Services · Internet Content & Information · United States
Last price 129.6 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 24.93B
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Financial statements
Reddit, Inc. (RDDT) reported revenue of 3.09B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.09B | 2.20B | 1.30B | 804.03M | 666.70M | 484.92M |
| Cost of Revenue | 261.08M | 194.22M | 123.59M | 111.01M | 104.80M | 72.56M |
| Gross Profit | 2.83B | 2.01B | 1.18B | 693.02M | 561.90M | 412.35M |
| Selling, General & Admin | 1.01B | 763.82M | 783.97M | 393.85M | 368.72M | 282.59M |
| Research & Development | 885.03M | 758.52M | 911.92M | 437.84M | 364.89M | 256.98M |
| Other Operating Expenses | 27.40M | 43.96M | 41.29M | 1.49M | 458.00K | |
| Operating Expenses | 1.92B | 1.57B | 1.74B | 833.18M | 734.06M | 539.56M |
| Operating Income | 908.04M | 441.98M | -560.57M | -140.16M | -172.16M | -127.21M |
| Interest & Investment Income | 98.67M | 86.72M | 78.12M | 53.28M | 15.68M | |
| Other Non Operating Income (Expenses) | -285.00K | -16.00K | -2.76M | -143.00K | -1.45M | -343.00K |
| Pretax Income | 1.01B | 528.69M | -485.21M | -87.02M | -157.93M | -127.56M |
| Income Tax Expense | 14.73M | -1.03M | -931.00K | 3.80M | 622.00K | 340.00K |
| Net Income | 991.70M | 529.72M | -484.28M | -90.82M | -158.55M | -127.90M |
| Net Income to Common | 991.70M | 529.72M | -484.28M | -90.82M | -158.55M | -127.90M |
| Shares Outstanding (Basic) | 191.62M | 186.38M | 145.47M | 59.14M | 57.25M | 51.69M |
| Shares Outstanding (Diluted) | 202.50M | 202.11M | 145.47M | 59.14M | 57.25M | 51.69M |
| EPS (Basic) | 5.18 | 2.84 | -3.33 | -1.54 | -2.77 | -2.47 |
| EPS (Diluted) | 4.90 | 2.62 | -3.33 | -1.54 | -2.77 | -2.47 |
| Free Cash Flow | 1.20B | 684.17M | 215.82M | -84.84M | -100.25M | -132.49M |
| Free Cash Flow Per Share | 5.92 | 3.38 | 1.48 | -1.44 | -1.75 | -2.56 |
| Gross Margin | 91.55% | 91.18% | 90.49% | 86.19% | 84.28% | 85.04% |
| Operating Margin | 29.40% | 20.07% | -43.11% | -17.43% | -25.82% | -26.23% |
| Profit Margin | 32.10% | 24.05% | -37.25% | -11.30% | -23.78% | -26.38% |
| Free Cash Flow Margin | 38.79% | 31.06% | 16.60% | -10.55% | -15.04% | -27.32% |
| EBITDA | 924.92M | 457.93M | -544.92M | -126.46M | -164.16M | -124.40M |
| EBITDA Margin | 29.94% | 20.79% | -41.91% | -15.73% | -24.62% | -25.65% |
| D&A For EBITDA | 16.88M | 15.95M | 15.64M | 13.70M | 8.00M | 2.81M |
| EBIT | 908.04M | 441.98M | -560.57M | -140.16M | -172.16M | -127.21M |
| EBIT Margin | 29.40% | 20.07% | -43.11% | -17.43% | -25.82% | -26.23% |
| Advertising Expenses | 102.40M | 34.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.36B | 953.57M | 562.09M | 401.18M | 435.81M | 1.34B |
| Short-Term Investments | 1.68B | 1.52B | 1.28B | 811.95M | 830.73M | 75.33M |
| Cash & Short-Term Investments | 3.03B | 2.48B | 1.84B | 1.21B | 1.27B | 1.41B |
| Accounts Receivable | 730.08M | 590.16M | 349.53M | 245.28M | 191.99M | 161.68M |
| Other Receivables | 7.77M | 7.09M | 772.00K | |||
| Receivables | 730.08M | 590.16M | 349.53M | 253.04M | 199.08M | 162.45M |
| Prepaid Expenses | 93.01M | 69.01M | 33.06M | 11.93M | 17.05M | 24.66M |
| Other Current Assets | 1.59M | 1.25M | 635.00K | |||
| Total Current Assets | 3.86B | 3.14B | 2.22B | 1.48B | 1.48B | 1.60B |
| Property, Plant & Equipment | 39.52M | 33.50M | 35.90M | 38.95M | 30.54M | 22.83M |
| Goodwill | 42.17M | 42.17M | 42.17M | 26.30M | 26.30M | 6.47M |
| Other Intangible Assets | 10.06M | 15.50M | 25.41M | 30.32M | 39.35M | 456.00K |
| Long-Term Deferred Charges | 16.50M | 15.65M | 7.89M | |||
| Other Long-Term Assets | 13.75M | 12.02M | 9.71M | 4.71M | 3.94M | 6.59M |
| Total Assets | 3.96B | 3.24B | 2.34B | 1.60B | 1.60B | 1.65B |
| Accounts Payable | 110.25M | 62.93M | 45.42M | 46.51M | 32.94M | 22.89M |
| Accrued Expenses | 156.52M | 160.95M | 95.26M | 64.70M | 52.43M | 29.17M |
| Current Portion of Leases | 8.36M | 7.02M | 6.14M | 3.71M | 7.80M | 6.85M |
| Current Unearned Revenue | 38.79M | 18.04M | 14.80M | 7.25M | 8.02M | 7.53M |
| Other Current Liabilities | 43.29M | 22.34M | 14.40M | 11.39M | 5.26M | 4.01M |
| Total Current Liabilities | 357.21M | 271.28M | 176.02M | 133.57M | 106.46M | 70.46M |
| Long-Term Leases | 23.05M | 16.19M | 20.57M | 22.04M | 11.69M | 6.61M |
| Other Long-Term Liabilities | 68.00K | 22.66M | 9.26M | 287.00K | 7.14M | 568.00K |
| Total Liabilities | 380.32M | 310.13M | 205.85M | 155.90M | 125.28M | 77.63M |
| Common Stock | 19.00K | 19.00K | 17.00K | 6.00K | 6.00K | 6.00K |
| Additional Paid-In Capital | 3.53B | 3.60B | 3.33B | 302.82M | 250.46M | 181.41M |
| Retained Earnings | 68.98M | -671.12M | -1.20B | -716.56M | -625.74M | -467.19M |
| Comprehensive Income & Other | -14.04M | 4.36M | 24.00K | 814.00K | -3.79M | -238.00K |
| Total Common Equity | 3.58B | 2.93B | 2.13B | -412.92M | -379.06M | -286.01M |
| Shareholders' Equity | 3.58B | 2.93B | 2.13B | 1.44B | 1.47B | 1.57B |
| Total Liabilities & Equity | 3.96B | 3.24B | 2.34B | 1.60B | 1.60B | 1.65B |
| Total Debt | 31.41M | 23.21M | 26.70M | 25.75M | 19.49M | 13.46M |
| Net Cash (Debt) | 3.00B | 2.45B | 1.81B | 1.19B | 1.25B | 1.40B |
| Net Cash Per Share | 14.82 | 12.14 | 12.47 | 20.08 | 21.78 | 27.08 |
| Filing Date Shares Outstanding | 193.09M | 191.04M | 180.90M | 61.00M | 57.79M | 56.38M |
| Total Common Shares Outstanding | 193.12M | 190.89M | 180.32M | 61.00M | 57.79M | 56.38M |
| Working Capital | 3.50B | 2.86B | 2.05B | 1.35B | 1.38B | 1.53B |
| Book Value Per Share | 18.55 | 15.34 | 11.82 | -6.77 | -6.56 | -5.07 |
| Tangible Book Value | 3.53B | 2.87B | 2.06B | -469.54M | -444.71M | -292.94M |
| Tangible Book Value Per Share | 18.28 | 15.04 | 11.44 | -7.70 | -7.70 | -5.20 |
| Machinery | 19.61M | 15.83M | 14.14M | 9.58M | 7.28M | |
| Construction In Progress | 83.00K | 378.00K | ||||
| Leasehold Improvements | 9.36M | 8.02M | 7.60M | 3.91M | 2.79M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 991.70M | 529.72M | -484.28M | -90.82M | -158.55M | -127.90M |
| Depreciation & Amortization | 16.88M | 15.95M | 15.64M | 13.70M | 8.00M | 2.81M |
| Other Amortization | 80.00K | |||||
| Loss (Gain) From Sale of Investments | -16.02M | -28.21M | -43.40M | -27.44M | -3.26M | 1.54M |
| Stock-Based Compensation | 385.77M | 343.18M | 801.65M | 47.60M | 55.31M | 48.73M |
| Provision & Write-off of Bad Debts | -169.00K | |||||
| Other Operating Activities | 6.64M | 7.04M | -77.00K | 11.84M | 14.56M | 8.45M |
| Change in Accounts Receivable | -241.88M | -241.36M | -104.28M | -53.32M | -30.23M | -74.99M |
| Change in Accounts Payable | 36.19M | 18.17M | -570.00K | 12.47M | 10.90M | 11.73M |
| Change in Other Net Operating Assets | 25.46M | 46.38M | 37.38M | 10.86M | 9.24M | -481.00K |
| Operating Cash Flow | 1.20B | 690.88M | 222.07M | -75.11M | -94.02M | -130.19M |
| Capital Expenditures | -6.62M | -6.71M | -6.25M | -9.72M | -6.23M | -2.30M |
| Cash Acquisitions | -17.14M | -42.20M | ||||
| Investment in Securities | -360.12M | -215.19M | -423.12M | 50.84M | -755.69M | 177.98M |
| Other Investing Activities | -3.38M | 3.01M | 5.82M | 172.00K | -64.00K | -5.00M |
| Investing Cash Flow | -370.12M | -218.89M | -440.69M | 41.29M | -804.18M | 170.68M |
| Issuance of Common Stock | 19.91M | 25.07M | 688.99M | 8.43M | 7.03M | 38.98M |
| Repurchase of Common Stock | -408.48M | -104.03M | -294.57M | -4.32M | -95.19M | |
| Other Financing Activities | -109.00K | -1.61M | -14.89M | -4.92M | -10.82M | -4.35M |
| Financing Cash Flow | -388.69M | -80.56M | 379.54M | -811.00K | -3.78M | 1.18B |
| Net Cash Flow | 445.93M | 391.43M | 160.92M | -34.63M | -901.99M | 1.22B |
| Free Cash Flow | 1.20B | 684.17M | 215.82M | -84.84M | -100.25M | -132.49M |
| Free Cash Flow Margin | 38.79% | 31.06% | 16.60% | -10.55% | -15.04% | -27.32% |
| Free Cash Flow Per Share | 5.92 | 3.38 | 1.48 | -1.44 | -1.75 | -2.56 |
| Levered Free Cash Flow | 811.62M | 446.45M | 384.68M | -54.00M | -45.11M | 14.60M |
| Unlevered Free Cash Flow | 811.62M | 446.45M | 384.68M | -54.00M | -45.11M | 14.52M |
| Cash Income Tax Paid | 164.00K | |||||
| Change in Working Capital | -180.23M | -176.81M | -67.47M | -29.99M | -10.08M | -63.74M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.57B | 43.56B | 28.70B | |||
| Enterprise Value | 14.56B | 41.36B | 26.98B | |||
| Last Close Price | 90.97 | 229.87 | 163.44 | |||
| PE Ratio | 18.58 | 82.23 | ||||
| Forward PE | 14.49 | 68.96 | 293.90 | |||
| PS Ratio | 5.69 | 19.78 | 22.07 | |||
| PB Ratio | 4.90 | 14.87 | 13.47 | |||
| P/TBV Ratio | 4.98 | 15.17 | 13.91 | |||
| P/FCF Ratio | 14.66 | 63.67 | 132.97 | |||
| P/OCF Ratio | 14.58 | 63.05 | 129.22 | |||
| PEG Ratio | 0.45 | 1.62 | ||||
| EV/Sales Ratio | 4.71 | 18.78 | 20.75 | |||
| EV/EBITDA Ratio | 15.75 | 90.32 | ||||
| EV/EBIT Ratio | 16.04 | 93.58 | ||||
| EV/FCF Ratio | 12.16 | 60.45 | 125.00 | |||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.03 | 0.05 | ||||
| Debt / FCF Ratio | 0.03 | 0.03 | 0.12 | |||
| Net Debt / Equity Ratio | -0.84 | -0.84 | -0.85 | -0.82 | -0.85 | -0.89 |
| Net Debt / EBITDA Ratio | -3.25 | -5.36 | 3.33 | 9.39 | 7.60 | 11.25 |
| Net Debt / FCF Ratio | -2.51 | -3.59 | -8.41 | 14.00 | 12.44 | 10.56 |
| Asset Turnover | 0.90 | 0.79 | 0.66 | 0.50 | 0.41 | 0.45 |
| Quick Ratio | 10.54 | 11.30 | 12.44 | 10.98 | 13.77 | 22.36 |
| Current Ratio | 10.80 | 11.56 | 12.63 | 11.08 | 13.94 | 22.72 |
| Return on Equity (ROE) | 32.03% | 20.94% | -27.12% | -6.23% | -10.42% | -12.62% |
| Return on Assets (ROA) | 16.60% | 9.91% | -17.82% | -5.48% | -6.63% | -7.33% |
| Return on Capital Employed (ROCE) | 25.20% | 14.90% | -25.90% | -9.60% | -11.50% | -8.10% |
| Earnings Yield | 5.38% | 1.22% | -1.69% | |||
| FCF Yield | 6.82% | 1.57% | 0.75% | |||
| Buyback Yield / Dilution | -3.49% | -38.93% | -145.99% | -3.30% | -10.75% | -7.12% |