Reddit (RDDT) Financials

$105.45 -2.54 (-2.35%)

As of 03:58 PM Eastern

Annual Income Statements for Reddit

This table shows Reddit's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-484	-91	-159
Consolidated Net Income / (Loss)	-484	-91	-159
Net Income / (Loss) Continuing Operations	-484	-91	-159
Total Pre-Tax Income	-485	-87	-158
Total Operating Income	-561	-140	-172
Total Gross Profit	1,177	693	562
Total Revenue	1,300	804	667
Operating Revenue	1,300	804	667
Total Cost of Revenue	124	111	105
Operating Cost of Revenue	124	111	105
Total Operating Expenses	1,737	833	734
Selling, General & Admin Expense	451	165	144
Marketing Expense	351	230	225
Research & Development Expense	935	438	365
Total Other Income / (Expense), net	75	53	14
Other Income / (Expense), net	75	53	14
Income Tax Expense	-0.93	3.80	0.62
Basic Earnings per Share	($3.33)	($1.54)	($2.77)
Weighted Average Basic Shares Outstanding	145.47M	59.14M	57.25M
Diluted Earnings per Share	($3.33)	($1.54)	($2.77)
Weighted Average Diluted Shares Outstanding	145.47M	59.14M	57.25M
Weighted Average Basic & Diluted Shares Outstanding	180.90M	-	-

This table shows Reddit's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Net Income / (Loss) Attributable to Common Shareholders	26	71	30	-10	-575	19	-7.38	-41	-61
Consolidated Net Income / (Loss)	26	71	30	-10	-575	19	-7.38	-41	-61
Net Income / (Loss) Continuing Operations	26	71	30	-10	-575	19	-7.38	-41	-61
Total Pre-Tax Income	24	70	30	-10	-575	19	-6.94	-40	-60
Total Operating Income	3.90	53	6.85	-31	-589	3.02	-20	-53	-71
Total Gross Profit	355	396	314	252	215	221	181	154	137
Total Revenue	392	428	348	281	243	250	208	183	164
Operating Revenue	392	428	348	281	243	250	208	183	164
Total Cost of Revenue	37	32	35	30	28	29	26	29	27
Operating Cost of Revenue	37	32	35	30	28	29	26	29	27
Total Operating Expenses	351	343	307	283	805	218	201	207	207
Selling, General & Admin Expense	69	74	66	68	243	48	37	38	41
Marketing Expense	91	81	75	71	124	58	55	59	58
Research & Development Expense	191	189	167	143	437	112	108	110	109
Total Other Income / (Expense), net	21	17	23	21	15	16	13	13	11
Other Income / (Expense), net	21	17	23	21	15	16	13	13	11
Income Tax Expense	-1.72	-1.05	-0.03	-0.22	0.37	0.94	0.45	1.43	0.99
Basic Earnings per Share	$0.14	$4.74	$0.18	($0.06)	($8.19)	$0.34	($0.13)	($0.70)	($1.05)
Weighted Average Basic Shares Outstanding	182.02M	145.47M	169.17M	164.38M	70.24M	59.14M	58.86M	58.51M	58.11M
Diluted Earnings per Share	$0.13	$4.76	$0.16	($0.06)	($8.19)	$0.34	($0.13)	($0.70)	($1.05)
Weighted Average Diluted Shares Outstanding	201.28M	145.47M	192.32M	164.38M	70.24M	59.14M	58.86M	58.51M	58.11M
Weighted Average Basic & Diluted Shares Outstanding	184.52M	180.90M	175.58M	165.88M	163.51M	0.00	-	-	-

This table details how cash moves in and out of Reddit's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	161	-35	-902
Net Cash From Operating Activities	222	-75	-94
Net Cash From Continuing Operating Activities	222	-75	-94
Net Income / (Loss) Continuing Operations	-484	-91	-159
Consolidated Net Income / (Loss)	-484	-91	-159
Depreciation Expense	16	14	8.00
Amortization Expense	-43	-27	-3.26
Non-Cash Adjustments To Reconcile Net Income	802	59	70
Changes in Operating Assets and Liabilities, net	-67	-30	-10
Net Cash From Investing Activities	-441	41	-804
Net Cash From Continuing Investing Activities	-441	41	-804
Purchase of Property, Plant & Equipment	-6.25	-9.72	-6.23
Acquisitions	-17	0.00	-42
Purchase of Investments	-1,997	-1,260	-1,431
Divestitures	6.87	0.00	0.00
Sale and/or Maturity of Investments	1,574	1,311	675
Other Investing Activities, net	-1.05	0.17	-0.06
Net Cash From Financing Activities	380	-0.81	-3.78
Net Cash From Continuing Financing Activities	380	-0.81	-3.78
Repayment of Debt	0.00	0.00	-1.02
Repurchase of Common Equity	-8.78	-1.44	-9.80
Issuance of Common Equity	600	0.00	0.00
Other Financing Activities, net	-212	0.63	7.03

This table details how cash moves in and out of Reddit's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Net Change in Cash & Equivalents	74	46	48	-501	567	-33	-5.35	-86	89
Net Cash From Operating Activities	128	90	72	28	32	-17	-7.70	-54	4.08
Net Cash From Continuing Operating Activities	128	90	72	28	32	-17	-7.70	-54	4.08
Net Income / (Loss) Continuing Operations	26	71	30	-10	-575	19	-7.38	-41	-61
Consolidated Net Income / (Loss)	26	71	30	-10	-575	19	-7.38	-41	-61
Depreciation Expense	3.96	4.16	3.97	3.77	3.74	3.76	3.29	3.32	3.34
Amortization Expense	-8.88	-12	-12	-11	-8.13	-8.55	-7.61	-6.15	-5.13
Non-Cash Adjustments To Reconcile Net Income	87	85	72	66	579	17	13	14	16
Changes in Operating Assets and Liabilities, net	20	-59	-21	-20	32	-48	-9.01	-24	51
Net Cash From Investing Activities	-28	-43	7.94	-520	114	-18	2.58	-32	89
Net Cash From Continuing Investing Activities	-28	-43	7.94	-520	114	-18	2.58	-32	89
Purchase of Property, Plant & Equipment	-0.98	-0.84	-1.35	-1.20	-2.85	-4.60	-3.94	-0.83	-0.36
Purchase of Investments	-505	-571	-428	-862	-136	-332	-314	-351	-263
Sale and/or Maturity of Investments	477	530	447	343	253	318	320	320	352
Other Investing Activities, net	0.89	-1.51	0.49	-0.01	-0.02	0.06	-0.00	0.04	0.07
Net Cash From Financing Activities	-26	-0.70	-32	-9.31	421	2.71	-0.22	0.33	-3.63
Net Cash From Continuing Financing Activities	-26	-0.70	-32	-9.31	421	2.71	-0.22	0.33	-3.63
Repurchase of Common Equity	0.00	-0.28	-2.16	-3.59	-2.75	-0.55	-0.04	-0.50	-0.36
Issuance of Common Equity	0.00	-	-	-	600	-	-	-	0.00
Other Financing Activities, net	-26	-0.43	-34	-5.73	-172	3.25	-0.19	0.83	-3.27

This table presents Reddit's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023
Period end date	12/31/2024	12/31/2023
Total Assets	2,337	1,596
Total Current Assets	2,223	1,480
Cash & Equivalents	562	401
Short-Term Investments	1,279	812
Accounts Receivable	350	245
Prepaid Expenses	33	21
Plant, Property, & Equipment, net	13	15
Total Noncurrent Assets	101	102
Goodwill	42	26
Intangible Assets	25	32
Other Noncurrent Operating Assets	33	43
Total Liabilities & Shareholders' Equity	2,337	1,596
Total Liabilities	206	156
Total Current Liabilities	176	134
Accounts Payable	45	47
Accrued Expenses	124	83
Other Current Liabilities	6.14	3.71
Total Noncurrent Liabilities	30	22
Other Noncurrent Operating Liabilities	30	22
Commitments & Contingencies	0.00	0.00
Redeemable Noncontrolling Interest	0.00	1,853
Total Equity & Noncontrolling Interests	2,131	-413
Total Preferred & Common Equity	2,131	-413
Preferred Stock	0.00	0.00
Total Common Equity	2,131	-413
Common Stock	3,332	303
Retained Earnings	-1,201	-717
Accumulated Other Comprehensive Income / (Loss)	0.02	0.81

This table presents Reddit's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024
Total Assets	2,437	2,172	2,076	2,016
Total Current Assets	2,329	2,061	1,981	1,920
Cash & Equivalents	636	516	468	969
Short-Term Investments	1,315	1,229	1,231	702
Accounts Receivable	326	284	240	215
Prepaid Expenses	51	32	42	34
Plant, Property, & Equipment, net	12	14	14	14
Total Noncurrent Assets	97	97	81	81
Goodwill	42	42	26	26
Intangible Assets	23	28	28	30
Other Noncurrent Operating Assets	32	27	27	25
Total Liabilities & Shareholders' Equity	2,437	2,172	2,076	2,016
Total Liabilities	220	194	183	178
Total Current Liabilities	187	172	160	156
Accounts Payable	44	62	64	45
Accrued Expenses	137	105	90	107
Other Current Liabilities	6.38	5.40	5.37	4.38
Total Noncurrent Liabilities	33	22	23	21
Other Noncurrent Operating Liabilities	33	22	23	21
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,217	1,978	1,894	1,838
Total Preferred & Common Equity	2,217	1,978	1,894	1,838
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	2,217	1,978	1,894	1,838
Common Stock	3,390	3,245	3,197	3,130
Retained Earnings	-1,175	-1,272	-1,302	-1,292
Accumulated Other Comprehensive Income / (Loss)	1.31	4.15	-1.00	-0.47

This table displays calculated financial ratios and metrics derived from Reddit's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	61.71%	20.60%	0.00%
EBITDA Growth	-409.08%	34.22%	0.00%
EBIT Growth	-457.56%	44.90%	0.00%
NOPAT Growth	-299.95%	18.59%	0.00%
Net Income Growth	-433.20%	42.72%	0.00%
EPS Growth	-116.23%	44.40%	0.00%
Operating Cash Flow Growth	395.64%	20.11%	0.00%
Free Cash Flow Firm Growth	-39.73%	0.00%	0.00%
Invested Capital Growth	27.48%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	24.63%	0.00%	0.00%
Profitability Metrics	-	-	-
Gross Margin	90.49%	86.19%	84.28%
EBITDA Margin	-39.45%	-12.53%	-22.98%
Operating Margin	-43.11%	-17.43%	-25.82%
EBIT Margin	-37.32%	-10.82%	-23.69%
Profit (Net Income) Margin	-37.25%	-11.30%	-23.78%
Tax Burden Percent	99.81%	104.37%	100.39%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-151.68%	-86.27%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-145.67%	-87.47%	0.00%
Return on Net Nonoperating Assets (RNNOA)	124.56%	73.66%	0.00%
Return on Equity (ROE)	-27.12%	-12.61%	0.00%
Cash Return on Invested Capital (CROIC)	-175.84%	-286.27%	0.00%
Operating Return on Assets (OROA)	-24.67%	-5.45%	0.00%
Return on Assets (ROA)	-24.63%	-5.69%	0.00%
Return on Common Equity (ROCE)	-13.05%	3.61%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-22.73%	22.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-392	-98	-121
NOPAT Margin	-30.18%	-12.20%	-18.08%
Net Nonoperating Expense Percent (NNEP)	-6.02%	1.20%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-18.42%	23.76%	-
Cost of Revenue to Revenue	9.51%	13.81%	15.72%
SG&A Expenses to Revenue	34.72%	20.48%	21.57%
R&D to Revenue	71.92%	54.52%	54.77%
Operating Expenses to Revenue	133.61%	103.63%	110.10%
Earnings before Interest and Taxes (EBIT)	-485	-87	-158
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-513	-101	-153
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	13.47	0.00	0.00
Price to Tangible Book Value (P/TBV)	13.91	0.00	0.00
Price to Revenue (P/Rev)	22.07	0.93	1.12
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	92.63	6.10	0.00
Enterprise Value to Revenue (EV/Rev)	20.66	1.73	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	120.93	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.86	-0.84	0.00
Leverage Ratio	1.10	1.11	0.00
Compound Leverage Factor	1.10	1.11	0.00
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	128.66%	0.00%
Common Equity to Total Capital	100.00%	-28.66%	0.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	83.85	3.59	0.00
Noncontrolling Interest Sharing Ratio	51.90%	128.66%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	12.63	11.08	0.00
Quick Ratio	12.44	10.92	0.00
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-455	-326	0.00
Operating Cash Flow to CapEx	3,554.23%	-772.46%	-1,508.44%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.66	0.50	0.00
Accounts Receivable Turnover	4.37	3.28	0.00
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	94.22	53.80	0.00
Accounts Payable Turnover	2.69	2.39	0.00
Days Sales Outstanding (DSO)	83.49	111.35	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	135.75	152.94	0.00
Cash Conversion Cycle (CCC)	-52.26	-41.59	0.00
Capital & Investment Metrics	-	-	-
Invested Capital	290	227	0.00
Invested Capital Turnover	5.03	7.07	0.00
Increase / (Decrease) in Invested Capital	62	227	0.00
Enterprise Value (EV)	26,856	1,388	0.00
Market Capitalization	28,697	748	748
Book Value per Share	$12.14	($6.98)	$0.00
Tangible Book Value per Share	$11.75	($7.97)	$0.00
Total Capital	2,131	1,441	0.00
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-1,841	-1,213	0.00
Capital Expenditures (CapEx)	6.25	9.72	6.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	207	133	0.00
Debt-free Net Working Capital (DFNWC)	2,047	1,346	0.00
Net Working Capital (NWC)	2,047	1,346	0.00
Net Nonoperating Expense (NNE)	92	-7.29	38
Net Nonoperating Obligations (NNO)	-1,841	-1,213	0.00
Total Depreciation and Amortization (D&A)	-28	-14	4.74
Debt-free, Cash-free Net Working Capital to Revenue	15.89%	16.54%	0.00%
Debt-free Net Working Capital to Revenue	157.47%	167.42%	0.00%
Net Working Capital to Revenue	157.47%	167.42%	0.00%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($3.33)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	145.47M	0.00	0.00
Adjusted Diluted Earnings per Share	($3.33)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	145.47M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	180.90M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-392	-98	-121
Normalized NOPAT Margin	-30.18%	-12.20%	-18.08%
Pre Tax Income Margin	-37.32%	-10.82%	-23.69%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-1.81%	-1.59%	-6.18%

This table displays calculated financial ratios and metrics derived from Reddit's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	61.49%	71.25%	67.87%	53.63%	48.38%	0.00%	0.00%	0.00%	0.00%
EBITDA Growth	103.37%	326.53%	289.98%	57.88%	-838.98%	0.00%	0.00%	0.00%	0.00%
EBIT Growth	104.25%	259.35%	529.84%	74.01%	-859.79%	0.00%	0.00%	0.00%	0.00%
NOPAT Growth	101.01%	1,770.38%	150.05%	41.42%	-734.62%	0.00%	0.00%	0.00%	0.00%
Net Income Growth	104.55%	283.27%	504.35%	75.43%	-844.81%	0.00%	0.00%	0.00%	0.00%
EPS Growth	101.59%	1,300.00%	223.08%	91.43%	-680.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	297.89%	616.25%	1,029.79%	152.51%	686.85%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	83.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	58.37%	27.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	-8.26%	22.78%	23.89%	15.73%	0.00%	20.36%	13.37%	11.78%	0.00%
EBITDA Q/Q Growth	-68.84%	192.70%	219.50%	96.91%	0.00%	230.37%	73.51%	31.07%	0.00%
EBIT Q/Q Growth	-65.08%	134.68%	389.11%	98.21%	0.00%	380.71%	82.52%	33.73%	0.00%
NOPAT Q/Q Growth	-92.21%	682.15%	131.58%	94.73%	0.00%	120.93%	63.04%	24.95%	0.00%
Net Income Q/Q Growth	-63.18%	137.95%	395.60%	98.24%	0.00%	351.04%	82.04%	32.46%	0.00%
EPS Q/Q Growth	-97.27%	2,875.00%	366.67%	99.27%	0.00%	361.54%	81.43%	33.33%	0.00%
Operating Cash Flow Q/Q Growth	41.76%	25.66%	152.32%	-11.47%	0.00%	-126.31%	85.75%	-1,426.45%	0.00%
Free Cash Flow Firm Q/Q Growth	-963.16%	96.09%	-4.28%	62.70%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-8.26%	24.63%	19.44%	15.98%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	90.55%	92.55%	90.06%	89.51%	88.63%	88.42%	87.28%	84.25%	83.59%
EBITDA Margin	4.97%	14.64%	6.14%	-6.37%	-238.34%	5.88%	-5.43%	-23.23%	-37.66%
Operating Margin	0.99%	12.36%	1.97%	-11.04%	-242.53%	1.21%	-9.44%	-28.95%	-43.12%
EBIT Margin	6.23%	16.36%	8.56%	-3.67%	-236.54%	7.80%	-3.34%	-21.68%	-36.57%
Profit (Net Income) Margin	6.67%	16.61%	8.57%	-3.59%	-236.69%	7.42%	-3.56%	-22.46%	-37.17%
Tax Burden Percent	107.04%	101.50%	100.10%	97.91%	100.06%	95.16%	106.41%	103.59%	101.65%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-7.04%	-1.50%	-0.10%	0.00%	0.00%	4.84%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.11%	63.06%	0.00%	0.00%	0.00%	4.06%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.90%	61.92%	0.00%	0.00%	0.00%	2.77%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-5.27%	-52.95%	0.00%	0.00%	0.00%	-2.33%	0.00%	0.00%	0.00%
Return on Equity (ROE)	1.85%	10.11%	0.00%	0.00%	0.00%	1.73%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-29.76%	-175.84%	0.00%	0.00%	0.00%	-143.14%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	4.06%	10.82%	0.00%	0.00%	0.00%	3.93%	0.00%	0.00%	0.00%
Return on Assets (ROA)	4.34%	10.98%	0.00%	0.00%	0.00%	3.74%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	1.85%	4.86%	0.00%	0.00%	0.00%	-0.50%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	5.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	4.18	54	6.86	-22	-412	2.87	-14	-37	-49
NOPAT Margin	1.06%	12.55%	1.97%	-7.73%	-169.77%	1.15%	-6.61%	-20.27%	-30.18%
Net Nonoperating Expense Percent (NNEP)	1.21%	1.14%	2.64%	1.37%	-19.47%	1.29%	0.00%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	0.19%	2.52%	-	-	-	-0.69%	-	-	-
Cost of Revenue to Revenue	9.45%	7.45%	9.94%	10.49%	11.37%	11.58%	12.72%	15.75%	16.41%
SG&A Expenses to Revenue	17.69%	17.26%	18.85%	24.36%	100.21%	19.35%	17.97%	20.89%	24.92%
R&D to Revenue	48.75%	44.11%	47.85%	50.78%	179.88%	44.67%	52.18%	59.95%	66.43%
Operating Expenses to Revenue	89.55%	80.19%	88.09%	100.55%	331.16%	87.21%	96.72%	113.20%	126.71%
Earnings before Interest and Taxes (EBIT)	24	70	30	-10	-575	19	-6.94	-40	-60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	20	63	21	-18	-579	15	-11	-43	-62
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.56	13.47	5.53	5.52	0.59	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	8.82	13.91	5.73	5.68	0.61	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	13.09	22.07	0.00	0.00	0.00	0.93	0.00	0.00	0.00
Price to Earnings (P/E)	162.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	64.01	92.63	39.50	44.91	0.00	6.10	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	11.75	20.66	0.00	0.00	0.00	1.73	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	198.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	149.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	508.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	53.61	120.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.89	-0.86	-0.88	-0.90	-0.91	-0.84	0.00	0.00	0.00
Leverage Ratio	1.10	1.10	1.10	1.10	1.10	1.11	0.00	0.00	0.00
Compound Leverage Factor	1.10	1.10	1.10	1.10	1.10	1.11	0.00	0.00	0.00
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	128.66%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	-28.66%	0.00%	0.00%	0.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	52.79	84.63	34.07	34.50	2.88	3.81	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	51.90%	0.00%	0.00%	0.00%	128.66%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	12.46	12.63	11.96	12.42	12.27	11.08	0.00	0.00	0.00
Quick Ratio	12.19	12.44	11.78	12.16	12.05	10.92	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-94	-8.83	-226	-217	-580	0.00	0.00	0.00	0.00
Operating Cash Flow to CapEx	13,031.46%	10,688.48%	5,293.57%	2,361.48%	1,124.66%	-378.81%	-195.71%	-6,512.41%	1,144.66%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.66	0.00	0.00	0.00	0.50	0.00	0.00	0.00
Accounts Receivable Turnover	5.35	4.37	0.00	0.00	0.00	3.28	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	111.54	94.22	0.00	0.00	0.00	53.80	0.00	0.00	0.00
Accounts Payable Turnover	2.98	2.69	0.00	0.00	0.00	2.39	0.00	0.00	0.00
Days Sales Outstanding (DSO)	68.17	83.49	0.00	0.00	0.00	111.35	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	122.40	135.75	0.00	0.00	0.00	152.94	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-54.24	-52.26	0.00	0.00	0.00	-41.59	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	266	290	233	195	168	227	0.00	0.00	0.00
Invested Capital Turnover	6.68	5.03	0.00	0.00	0.00	3.54	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	98	62	233	195	168	0.00	0.00	0.00	0.00
Enterprise Value (EV)	17,026	26,856	9,190	8,748	-585	1,388	0.00	0.00	0.00
Market Capitalization	18,977	28,697	10,935	10,447	1,085	748	748	748	748
Book Value per Share	$12.26	$12.14	$11.92	$11.58	$26.17	($6.98)	$0.00	$0.00	$0.00
Tangible Book Value per Share	$11.90	$11.75	$11.50	$11.25	$25.37	($7.97)	$0.00	$0.00	$0.00
Total Capital	2,217	2,131	1,978	1,894	1,838	1,441	0.00	0.00	0.00
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,951	-1,841	-1,745	-1,699	-1,670	-1,213	0.00	0.00	0.00
Capital Expenditures (CapEx)	0.98	0.84	1.35	1.20	2.85	4.60	3.94	0.83	0.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	191	207	144	122	93	133	0.00	0.00	0.00
Debt-free Net Working Capital (DFNWC)	2,142	2,047	1,889	1,821	1,764	1,346	0.00	0.00	0.00
Net Working Capital (NWC)	2,142	2,047	1,889	1,821	1,764	1,346	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-22	-17	-23	-12	163	-16	-6.33	4.02	11
Net Nonoperating Obligations (NNO)	-1,951	-1,841	-1,745	-1,699	-1,670	-1,213	0.00	0.00	0.00
Total Depreciation and Amortization (D&A)	-4.92	-7.36	-8.42	-7.59	-4.39	-4.79	-4.33	-2.83	-1.79
Debt-free, Cash-free Net Working Capital to Revenue	13.16%	15.89%	0.00%	0.00%	0.00%	16.54%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	147.75%	157.47%	0.00%	0.00%	0.00%	167.42%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	147.75%	157.47%	0.00%	0.00%	0.00%	167.42%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	$4.74	$0.18	($0.06)	($8.19)	$0.34	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	182.02M	145.47M	169.17M	164.38M	70.24M	59.14M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.13	$4.76	$0.16	($0.06)	($8.19)	$0.34	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	201.28M	145.47M	192.32M	164.38M	70.24M	59.14M	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	184.52M	180.90M	175.58M	165.88M	163.51M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	2.73	37	4.80	-22	-412	2.87	-14	-37	-49
Normalized NOPAT Margin	0.70%	8.65%	1.38%	-7.73%	-169.77%	1.15%	-6.61%	-20.27%	-30.18%
Pre Tax Income Margin	6.23%	16.36%	8.56%	-3.67%	-236.54%	7.80%	-3.34%	-21.68%	-36.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	5.15%	-1.81%	0.00%	0.00%	0.00%	-1.59%	0.00%	0.00%	0.00%

Frequently Asked Questions About Reddit's Financials

When does Reddit's financial year end?

According to the most recent income statement we have on file, Reddit's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Reddit's net income changed over the last 2 years?

Reddit's net income appears to be on an upward trend, with a most recent value of -$484.28 million in 2024, rising from -$158.55 million in 2022. The previous period was -$90.82 million in 2023. View Reddit's forecast to see where analysts expect Reddit to go next.

What is Reddit's operating income?

Reddit's total operating income in 2024 was -$560.57 million, based on the following breakdown:

Total Gross Profit: $1.18 billion
Total Operating Expenses: $1.74 billion

How has Reddit revenue changed over the last 2 years?

Over the last 2 years, Reddit's total revenue changed from $666.70 million in 2022 to $1.30 billion in 2024, a change of 95.0%.

How much debt does Reddit have?

Reddit's total liabilities were at $205.85 million at the end of 2024, a 32.0% increase from 2023, and a 32.0% increase since 2023.

How much cash does Reddit have?

In the past 1 years, Reddit's cash and equivalents has ranged from $401.18 million in 2023 to $562.09 million in 2024, and is currently $562.09 million as of their latest financial filing in 2024.

How has Reddit's book value per share changed over the last 2 years?

Over the last 2 years, Reddit's book value per share changed from 0.00 in 2022 to 12.14 in 2024, a change of 1,213.6%.

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This page (NYSE:RDDT) was last updated on 5/20/2025 by MarketBeat.com Staff

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