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Reddit (RDDT) Financials

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$155.74 -8.21 (-5.01%)
Closing price 05/8/2026 03:58 PM Eastern
Extended Trading
$156.15 +0.41 (+0.27%)
As of 05/8/2026 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Reddit

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 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-159 -91 -484 530
Consolidated Net Income / (Loss)
-159 -91 -484 530
Net Income / (Loss) Continuing Operations
-159 -91 -484 530
Total Pre-Tax Income
-158 -87 -485 529
Total Operating Income
-172 -140 -561 442
Total Gross Profit
562 693 1,177 2,008
Total Revenue
667 804 1,300 2,203
Operating Revenue
667 804 1,300 2,203
Total Cost of Revenue
105 111 124 194
Operating Cost of Revenue
105 111 124 194
Total Operating Expenses
734 833 1,737 1,566
Selling, General & Admin Expense
144 165 451 279
Marketing Expense
225 230 351 504
Research & Development Expense
365 438 935 783
Total Other Income / (Expense), net
14 53 75 87
Other Income / (Expense), net
14 53 75 87
Income Tax Expense
0.62 3.80 -0.93 -1.03
Basic Earnings per Share
($2.77) ($1.54) ($3.33) $2.84
Weighted Average Basic Shares Outstanding
57.25M 59.14M 145.47M 186.38M
Diluted Earnings per Share
($2.77) ($1.54) ($3.33) $2.62
Weighted Average Diluted Shares Outstanding
57.25M 59.14M 145.47M 202.11M
Weighted Average Basic & Diluted Shares Outstanding
- - 180.90M 191.04M

Quarterly Income Statements for Reddit

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
-7.38 19 -575 -10 30 71 26 89 163 252 204
Consolidated Net Income / (Loss)
-7.38 19 -575 -10 30 71 26 89 163 252 204
Net Income / (Loss) Continuing Operations
-7.38 19 -575 -10 30 71 26 89 163 252 204
Total Pre-Tax Income
-6.94 19 -575 -10 30 70 24 89 161 255 206
Total Operating Income
-20 3.02 -589 -31 6.85 53 3.90 68 139 232 183
Total Gross Profit
181 221 215 252 314 396 355 454 532 667 607
Total Revenue
208 250 243 281 348 428 392 500 585 726 663
Operating Revenue
208 250 243 281 348 428 392 500 585 726 663
Total Cost of Revenue
26 29 28 30 35 32 37 46 53 59 56
Operating Cost of Revenue
26 29 28 30 35 32 37 46 53 59 56
Total Operating Expenses
201 218 805 283 307 343 351 386 394 435 424
Selling, General & Admin Expense
37 48 243 68 66 74 69 69 69 72 66
Marketing Expense
55 58 124 71 75 81 91 121 129 164 151
Research & Development Expense
108 112 437 143 167 189 191 197 196 199 207
Total Other Income / (Expense), net
13 16 15 21 23 17 21 21 22 23 23
Other Income / (Expense), net
13 16 15 21 23 17 21 21 22 23 23
Income Tax Expense
0.45 0.94 0.37 -0.22 -0.03 -1.05 -1.72 -0.44 -2.09 3.22 1.75
Basic Earnings per Share
($0.13) $0.34 ($8.19) ($0.06) $0.18 $4.74 $0.14 $0.48 $0.87 $1.35 $1.07
Weighted Average Basic Shares Outstanding
58.86M 59.14M 70.24M 164.38M 169.17M 145.47M 182.02M 185.44M 188.04M 186.38M 191.52M
Diluted Earnings per Share
($0.13) $0.34 ($8.19) ($0.06) $0.16 $4.76 $0.13 $0.45 $0.80 $1.24 $1.01
Weighted Average Diluted Shares Outstanding
58.86M 59.14M 70.24M 164.38M 192.32M 145.47M 201.28M 199.52M 202.73M 202.11M 202.52M
Weighted Average Basic & Diluted Shares Outstanding
- 0.00 163.51M 165.88M 175.58M 180.90M 184.52M 187.16M 189.50M 191.04M 192.51M

Annual Cash Flow Statements for Reddit

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 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-902 -35 161 391
Net Cash From Operating Activities
-94 -75 222 691
Net Cash From Continuing Operating Activities
-94 -75 222 691
Net Income / (Loss) Continuing Operations
-159 -91 -484 530
Consolidated Net Income / (Loss)
-159 -91 -484 530
Depreciation Expense
8.00 14 16 16
Amortization Expense
-3.26 -27 -43 -28
Non-Cash Adjustments To Reconcile Net Income
70 59 802 350
Changes in Operating Assets and Liabilities, net
-10 -30 -67 -177
Net Cash From Investing Activities
-804 41 -441 -219
Net Cash From Continuing Investing Activities
-804 41 -441 -219
Purchase of Property, Plant & Equipment
-6.23 -9.72 -6.25 -6.71
Acquisitions
-42 0.00 -17 0.00
Purchase of Investments
-1,431 -1,260 -1,997 -2,298
Sale and/or Maturity of Investments
675 1,311 1,574 2,083
Other Investing Activities, net
-0.06 0.17 5.82 3.01
Net Cash From Financing Activities
-3.78 -0.81 380 -81
Net Cash From Continuing Financing Activities
-3.78 -0.81 380 -81
Repayment of Debt
-1.02 -3.48 -6.11 -1.61
Repurchase of Common Equity
-9.80 -1.44 -8.78 0.00
Issuance of Common Equity
0.00 0.00 600 0.00
Other Financing Activities, net
7.03 4.11 -206 -79

Quarterly Cash Flow Statements for Reddit

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
-5.35 -33 567 -501 48 46 74 98 178 42 421
Net Cash From Operating Activities
-7.70 -17 32 28 72 90 128 111 185 267 312
Net Cash From Continuing Operating Activities
-7.70 -17 32 28 72 90 128 111 185 267 312
Net Income / (Loss) Continuing Operations
-7.38 19 -575 -10 30 71 26 89 163 252 204
Consolidated Net Income / (Loss)
-7.38 19 -575 -10 30 71 26 89 163 252 204
Depreciation Expense
3.29 3.76 3.74 3.77 3.97 4.16 3.96 3.93 3.90 4.15 4.21
Amortization Expense
-7.61 -8.55 -8.13 -11 -12 -12 -8.88 -6.69 -6.78 -5.86 -4.30
Non-Cash Adjustments To Reconcile Net Income
13 17 579 66 72 85 87 91 86 87 69
Changes in Operating Assets and Liabilities, net
-9.01 -48 32 -20 -21 -59 20 -66 -60 -70 39
Net Cash From Investing Activities
2.58 -18 114 -520 7.94 -43 -28 -2.08 17 -206 125
Net Cash From Continuing Investing Activities
2.58 -18 114 -520 7.94 -43 -28 -2.08 17 -206 125
Purchase of Property, Plant & Equipment
-3.94 -4.60 -2.85 -1.20 -1.35 -0.84 -0.98 -0.51 -2.06 -3.16 -1.09
Purchase of Investments
-314 -332 -136 -862 -428 -571 -505 -556 -544 -693 -365
Sale and/or Maturity of Investments
320 318 253 343 447 530 477 553 563 490 492
Other Investing Activities, net
-0.00 0.06 -0.02 -0.01 0.49 -1.51 0.89 2.35 -0.79 0.55 -1.62
Net Cash From Financing Activities
-0.22 2.71 421 -9.31 -32 -0.70 -26 -11 -24 -19 -16
Net Cash From Continuing Financing Activities
-0.22 2.71 421 -9.31 -32 -0.70 -26 -11 -24 -19 -16
Repurchase of Common Equity
-0.04 -0.55 -2.75 -3.59 -2.16 -0.28 0.00 - - - -5.00
Other Financing Activities, net
-0.19 3.25 -176 -5.73 -34 -0.43 -26 -11 -23 -19 -11

Annual Balance Sheets for Reddit

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 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets
1,596 2,337 3,239
Total Current Assets
1,480 2,223 3,136
Cash & Equivalents
401 562 954
Short-Term Investments
812 1,279 1,523
Accounts Receivable
245 350 590
Prepaid Expenses
21 33 69
Plant, Property, & Equipment, net
15 13 13
Total Noncurrent Assets
102 101 90
Goodwill
26 42 42
Intangible Assets
32 25 16
Other Noncurrent Operating Assets
43 33 33
Total Liabilities & Shareholders' Equity
1,596 2,337 3,239
Total Liabilities
156 206 310
Total Current Liabilities
134 176 271
Accounts Payable
47 45 63
Accrued Expenses
83 124 201
Other Current Liabilities
3.71 6.14 7.02
Total Noncurrent Liabilities
22 30 39
Other Noncurrent Operating Liabilities
22 30 39
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-413 2,131 2,929
Total Preferred & Common Equity
-413 2,131 2,929
Preferred Stock
0.00 0.00 0.00
Total Common Equity
-413 2,131 2,929
Common Stock
303 3,332 3,596
Retained Earnings
-717 -1,201 -671
Accumulated Other Comprehensive Income / (Loss)
0.81 0.02 4.36

Quarterly Balance Sheets for Reddit

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 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
2,016 2,076 2,172 2,437 2,632 2,876 3,484
Total Current Assets
1,920 1,981 2,061 2,329 2,530 2,770 3,386
Cash & Equivalents
969 468 516 636 734 912 1,374
Short-Term Investments
702 1,231 1,229 1,315 1,326 1,314 1,396
Accounts Receivable
215 240 284 326 407 488 523
Prepaid Expenses
34 42 32 51 63 56 92
Plant, Property, & Equipment, net
14 14 14 12 11 13 12
Total Noncurrent Assets
81 81 97 97 91 94 86
Goodwill
26 26 42 42 42 42 42
Intangible Assets
30 28 28 23 20 18 13
Other Noncurrent Operating Assets
25 27 27 32 28 34 31
Total Liabilities & Shareholders' Equity
2,016 2,076 2,172 2,437 2,632 2,876 3,484
Total Liabilities
178 183 194 220 245 266 305
Total Current Liabilities
156 160 172 187 211 228 266
Accounts Payable
45 64 62 44 64 73 52
Accrued Expenses
107 90 105 137 140 148 207
Other Current Liabilities
4.38 5.37 5.40 6.38 6.57 6.87 7.17
Total Noncurrent Liabilities
21 23 22 33 34 37 39
Other Noncurrent Operating Liabilities
21 23 22 33 34 37 39
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,838 1,894 1,978 2,217 2,387 2,611 3,180
Total Preferred & Common Equity
1,838 1,894 1,978 2,217 2,387 2,611 3,180
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
1,838 1,894 1,978 2,217 2,387 2,611 3,180
Common Stock
3,130 3,197 3,245 3,390 3,469 3,530 3,648
Retained Earnings
-1,292 -1,302 -1,272 -1,175 -1,085 -923 -467
Accumulated Other Comprehensive Income / (Loss)
-0.47 -1.00 4.15 1.31 3.73 3.81 -0.98

Annual Metrics And Ratios for Reddit

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

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics
- - - -
Revenue Growth
0.00% 20.60% 61.71% 69.40%
EBITDA Growth
0.00% 34.22% -409.08% 200.67%
EBIT Growth
0.00% 44.90% -457.56% 208.96%
NOPAT Growth
0.00% 18.59% -299.95% 212.86%
Net Income Growth
0.00% 42.72% -433.20% 209.38%
EPS Growth
0.00% 44.40% -116.23% 178.68%
Operating Cash Flow Growth
0.00% 20.11% 395.64% 211.11%
Free Cash Flow Firm Growth
0.00% 0.00% -39.73% 161.68%
Invested Capital Growth
0.00% 0.00% 27.48% 55.97%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 15.64%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 58.44%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 53.75%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 65.81%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 51.72%
EPS Q/Q Growth
0.00% 0.00% 0.00% -57.33%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% 34.39%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 144.22%
Invested Capital Q/Q Growth
0.00% 0.00% 24.63% 17.51%
Profitability Metrics
- - - -
Gross Margin
84.28% 86.19% 90.49% 91.18%
EBITDA Margin
-22.98% -12.53% -39.45% 23.45%
Operating Margin
-25.82% -17.43% -43.11% 20.07%
EBIT Margin
-23.69% -10.82% -37.32% 24.00%
Profit (Net Income) Margin
-23.78% -11.30% -37.25% 24.05%
Tax Burden Percent
100.39% 104.37% 99.81% 100.20%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.00% 0.00% 0.00% -0.20%
Return on Invested Capital (ROIC)
0.00% -86.27% -151.68% 119.34%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -87.47% -145.67% 115.31%
Return on Net Nonoperating Assets (RNNOA)
0.00% 73.66% 124.56% -98.40%
Return on Equity (ROE)
0.00% -12.61% -27.12% 20.94%
Cash Return on Invested Capital (CROIC)
0.00% -286.27% -175.84% 75.61%
Operating Return on Assets (OROA)
0.00% -5.45% -24.67% 18.96%
Return on Assets (ROA)
0.00% -5.69% -24.63% 19.00%
Return on Common Equity (ROCE)
0.00% 3.61% -13.05% 20.94%
Return on Equity Simple (ROE_SIMPLE)
0.00% 22.00% -22.73% 0.00%
Net Operating Profit after Tax (NOPAT)
-121 -98 -392 443
NOPAT Margin
-18.08% -12.20% -30.18% 20.11%
Net Nonoperating Expense Percent (NNEP)
0.00% 1.20% -6.02% 4.02%
Return On Investment Capital (ROIC_SIMPLE)
- 23.76% -18.42% 15.12%
Cost of Revenue to Revenue
15.72% 13.81% 9.51% 8.82%
SG&A Expenses to Revenue
21.57% 20.48% 34.72% 12.68%
R&D to Revenue
54.77% 54.52% 71.92% 35.56%
Operating Expenses to Revenue
110.10% 103.63% 133.61% 71.11%
Earnings before Interest and Taxes (EBIT)
-158 -87 -485 529
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-153 -101 -513 516
Valuation Ratios
- - - -
Price to Book Value (P/BV)
0.00 0.00 13.47 14.87
Price to Tangible Book Value (P/TBV)
0.00 0.00 13.91 15.17
Price to Revenue (P/Rev)
1.12 0.93 22.07 19.78
Price to Earnings (P/E)
0.00 0.00 0.00 82.23
Dividend Yield
0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 1.22%
Enterprise Value to Invested Capital (EV/IC)
0.00 6.10 92.63 90.85
Enterprise Value to Revenue (EV/Rev)
0.00 1.73 20.66 18.65
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 79.55
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 77.71
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 92.77
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 120.93 59.46
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 146.43
Leverage & Solvency
- - - -
Debt to Equity
0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00
Financial Leverage
0.00 -0.84 -0.86 -0.85
Leverage Ratio
0.00 1.11 1.10 1.10
Compound Leverage Factor
0.00 1.11 1.10 1.10
Debt to Total Capital
0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 128.66% 0.00% 0.00%
Common Equity to Total Capital
0.00% -28.66% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00
Altman Z-Score
0.00 3.59 83.85 86.26
Noncontrolling Interest Sharing Ratio
0.00% 128.66% 51.90% 0.00%
Liquidity Ratios
- - - -
Current Ratio
0.00 11.08 12.63 11.56
Quick Ratio
0.00 10.92 12.44 11.31
Cash Flow Metrics
- - - -
Free Cash Flow to Firm (FCFF)
0.00 -326 -455 281
Operating Cash Flow to CapEx
-1,508.44% -772.46% 3,554.23% 10,302.34%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
Efficiency Ratios
- - - -
Asset Turnover
0.00 0.50 0.66 0.79
Accounts Receivable Turnover
0.00 3.28 4.37 4.69
Inventory Turnover
0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 53.80 94.22 173.69
Accounts Payable Turnover
0.00 2.39 2.69 3.58
Days Sales Outstanding (DSO)
0.00 111.35 83.49 77.86
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 152.94 135.75 101.82
Cash Conversion Cycle (CCC)
0.00 -41.59 -52.26 -23.95
Capital & Investment Metrics
- - - -
Invested Capital
0.00 227 290 452
Invested Capital Turnover
0.00 7.07 5.03 5.94
Increase / (Decrease) in Invested Capital
0.00 227 62 162
Enterprise Value (EV)
0.00 1,388 26,856 41,083
Market Capitalization
748 748 28,697 43,559
Book Value per Share
$0.00 ($6.98) $12.14 $15.46
Tangible Book Value per Share
$0.00 ($7.97) $11.75 $15.15
Total Capital
0.00 1,441 2,131 2,929
Total Debt
0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00
Net Debt
0.00 -1,213 -1,841 -2,477
Capital Expenditures (CapEx)
6.23 9.72 6.25 6.71
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 133 207 388
Debt-free Net Working Capital (DFNWC)
0.00 1,346 2,047 2,865
Net Working Capital (NWC)
0.00 1,346 2,047 2,865
Net Nonoperating Expense (NNE)
38 -7.29 92 -87
Net Nonoperating Obligations (NNO)
0.00 -1,213 -1,841 -2,477
Total Depreciation and Amortization (D&A)
4.74 -14 -28 -12
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 16.54% 15.89% 17.61%
Debt-free Net Working Capital to Revenue
0.00% 167.42% 157.47% 130.07%
Net Working Capital to Revenue
0.00% 167.42% 157.47% 130.07%
Earnings Adjustments
- - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($3.33) $2.84
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 145.47M 186.38M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($3.33) $2.62
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 145.47M 202.11M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 180.90M 191.04M
Normalized Net Operating Profit after Tax (NOPAT)
-121 -98 -392 309
Normalized NOPAT Margin
-18.08% -12.20% -30.18% 14.05%
Pre Tax Income Margin
-23.69% -10.82% -37.32% 24.00%
Debt Service Ratios
- - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
Payout Ratios
- - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-6.18% -1.59% -1.81% 0.00%

Quarterly Metrics And Ratios for Reddit

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
- - - - - - - - - - 191,035,784.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 191,035,784.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 1.07
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.00% 0.00% 48.38% 53.63% 67.87% 71.25% 61.49% 77.69% 67.91% 69.65% 69.08%
EBITDA Growth
0.00% 0.00% -838.98% 57.88% 289.98% 326.53% 103.37% 580.82% 636.98% 304.12% 953.70%
EBIT Growth
0.00% 0.00% -859.79% 74.01% 529.84% 259.35% 104.25% 961.44% 438.45% 264.09% 741.87%
NOPAT Growth
0.00% 0.00% -734.62% 41.42% 150.05% 1,770.38% 101.01% 413.18% 1,945.46% 326.54% 4,240.94%
Net Income Growth
0.00% 0.00% -844.81% 75.43% 504.35% 283.27% 104.55% 984.22% 444.88% 254.19% 679.80%
EPS Growth
0.00% 0.00% -680.00% 91.43% 223.08% 1,300.00% 101.59% 850.00% 400.00% -73.95% 676.92%
Operating Cash Flow Growth
0.00% 0.00% 686.85% 152.51% 1,029.79% 616.25% 297.89% 292.22% 158.52% 196.46% 144.75%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 83.83% 70.34% 94.75% 854.64% 140.76%
Invested Capital Growth
0.00% 0.00% 0.00% 0.00% 0.00% 27.48% 58.37% 67.90% 65.42% 55.97% 53.80%
Revenue Q/Q Growth
13.37% 20.36% 0.00% 15.73% 23.89% 22.78% -8.26% 27.34% 17.07% 24.05% -8.57%
EBITDA Q/Q Growth
73.51% 230.37% 0.00% 96.91% 219.50% 192.70% -68.84% 341.18% 83.15% 60.50% -18.75%
EBIT Q/Q Growth
82.52% 380.71% 0.00% 98.21% 389.11% 134.68% -65.08% 263.62% 80.71% 58.69% -19.26%
NOPAT Q/Q Growth
63.04% 120.93% 0.00% 94.73% 131.58% 682.15% -92.21% 1,528.71% 106.25% 63.10% -20.77%
Net Income Q/Q Growth
82.04% 351.04% 0.00% 98.24% 395.60% 137.95% -63.18% 241.38% 82.16% 54.68% -18.93%
EPS Q/Q Growth
81.43% 361.54% 0.00% 99.27% 366.67% 2,875.00% -97.27% 246.15% 77.78% 55.00% -18.55%
Operating Cash Flow Q/Q Growth
85.75% -126.31% 0.00% -11.47% 152.32% 25.66% 41.76% -12.74% 66.31% 44.10% 17.03%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 62.70% -4.28% 96.09% -963.16% 31.58% 81.53% 661.82% -42.58%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 15.98% 19.44% 24.63% -8.26% 22.96% 17.67% 17.51% -9.54%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
87.28% 88.42% 88.63% 89.51% 90.06% 92.55% 90.55% 90.81% 91.02% 91.91% 91.52%
EBITDA Margin
-5.43% 5.88% -238.34% -6.37% 6.14% 14.64% 4.97% 17.23% 26.96% 34.88% 31.00%
Operating Margin
-9.44% 1.21% -242.53% -11.04% 1.97% 12.36% 0.99% 13.55% 23.69% 31.95% 27.57%
EBIT Margin
-3.34% 7.80% -236.54% -3.67% 8.56% 16.36% 6.23% 17.78% 27.45% 35.12% 31.01%
Profit (Net Income) Margin
-3.56% 7.42% -236.69% -3.59% 8.57% 16.61% 6.67% 17.87% 27.81% 34.67% 30.75%
Tax Burden Percent
106.41% 95.16% 100.06% 97.91% 100.10% 101.50% 107.04% 100.49% 101.30% 98.74% 99.15%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.00% 4.84% 0.00% 0.00% -0.10% -1.50% -7.04% -0.49% -1.30% 1.26% 0.85%
Return on Invested Capital (ROIC)
0.00% 4.06% 0.00% 0.00% 0.00% 63.06% 7.11% 87.07% 148.02% 187.24% 200.34%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 2.77% 0.00% 0.00% 0.00% 61.92% 5.90% 85.94% 146.89% 186.19% 199.38%
Return on Net Nonoperating Assets (RNNOA)
0.00% -2.33% 0.00% 0.00% 0.00% -52.95% -5.27% -75.46% -127.12% -158.88% -174.44%
Return on Equity (ROE)
0.00% 1.73% 0.00% 0.00% 0.00% 10.11% 1.85% 11.61% 20.89% 28.36% 25.90%
Cash Return on Invested Capital (CROIC)
0.00% -143.14% 0.00% 0.00% 0.00% -175.84% -29.76% 0.41% 37.21% 75.61% 140.95%
Operating Return on Assets (OROA)
0.00% 3.93% 0.00% 0.00% 0.00% 10.82% 4.06% 12.60% 20.72% 27.74% 25.91%
Return on Assets (ROA)
0.00% 3.74% 0.00% 0.00% 0.00% 10.98% 4.34% 12.66% 20.98% 27.39% 25.69%
Return on Common Equity (ROCE)
0.00% -0.50% 0.00% 0.00% 0.00% 4.86% 1.85% 11.61% 20.89% 28.36% 25.90%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.27% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-14 2.87 -412 -22 6.86 54 4.18 68 140 229 181
NOPAT Margin
-6.61% 1.15% -169.77% -7.73% 1.97% 12.55% 1.06% 13.62% 23.99% 31.55% 27.34%
Net Nonoperating Expense Percent (NNEP)
0.00% 1.29% -19.47% 1.37% 2.64% 1.14% 1.21% 1.13% 1.12% 1.05% 0.96%
Return On Investment Capital (ROIC_SIMPLE)
- -0.69% - - - 2.52% 0.19% 2.85% 5.38% 7.82% 5.70%
Cost of Revenue to Revenue
12.72% 11.58% 11.37% 10.49% 9.94% 7.45% 9.45% 9.19% 8.98% 8.09% 8.48%
SG&A Expenses to Revenue
17.97% 19.35% 100.21% 24.36% 18.85% 17.26% 17.69% 13.77% 11.76% 9.97% 9.88%
R&D to Revenue
52.18% 44.67% 179.88% 50.78% 47.85% 44.11% 48.75% 39.35% 33.57% 27.41% 31.24%
Operating Expenses to Revenue
96.72% 87.21% 331.16% 100.55% 88.09% 80.19% 89.55% 77.26% 67.34% 59.96% 63.95%
Earnings before Interest and Taxes (EBIT)
-6.94 19 -575 -10 30 70 24 89 161 255 206
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-11 15 -579 -18 21 63 20 86 158 253 206
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.59 5.52 5.53 13.47 8.56 11.64 16.49 14.87 8.09
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.61 5.68 5.73 13.91 8.82 11.95 16.88 15.17 8.23
Price to Revenue (P/Rev)
0.00 0.93 0.00 0.00 0.00 22.07 13.09 16.66 22.60 19.78 10.40
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 162.27 128.42 123.28 82.23 36.36
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.62% 0.78% 0.81% 1.22% 2.75%
Enterprise Value to Invested Capital (EV/IC)
0.00 6.10 0.00 44.91 39.50 92.63 64.01 78.66 106.07 90.85 56.11
Enterprise Value to Revenue (EV/Rev)
0.00 1.73 0.00 0.00 0.00 20.66 11.75 15.42 21.43 18.65 9.28
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 198.81 135.64 125.23 79.55 32.67
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 149.44 120.71 118.71 77.71 32.33
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 508.94 192.92 152.83 92.77 37.09
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 120.93 53.61 64.22 79.40 59.46 26.21
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 23,776.66 355.31 146.43 48.24
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 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 0.00 0.00
Financial Leverage
0.00 -0.84 -0.91 -0.90 -0.88 -0.86 -0.89 -0.88 -0.87 -0.85 -0.87
Leverage Ratio
0.00 1.11 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.10
Compound Leverage Factor
0.00 1.11 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.10
Debt to Total Capital
0.00% 0.00% 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% 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% 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% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 128.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% -28.66% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 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 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 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 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 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 0.00 0.00
Altman Z-Score
0.00 3.81 2.88 34.50 34.07 84.63 52.79 69.20 98.65 85.98 52.47
Noncontrolling Interest Sharing Ratio
0.00% 128.66% 0.00% 0.00% 0.00% 51.90% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.00 11.08 12.27 12.42 11.96 12.63 12.46 12.00 12.13 11.56 12.73
Quick Ratio
0.00 10.92 12.05 12.16 11.78 12.44 12.19 11.70 11.88 11.31 12.39
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 0.00 -580 -217 -226 -8.83 -94 -64 -12 67 38
Operating Cash Flow to CapEx
-195.71% -378.81% 1,124.66% 2,361.48% 5,293.57% 10,688.48% 13,031.46% 22,045.74% 8,997.04% 8,432.59% 28,647.06%
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 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 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 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.00 0.50 0.00 0.00 0.00 0.66 0.65 0.71 0.75 0.79 0.84
Accounts Receivable Turnover
0.00 3.28 0.00 0.00 0.00 4.37 5.35 5.15 4.94 4.69 5.83
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 53.80 0.00 0.00 0.00 94.22 111.54 130.51 142.61 173.69 210.76
Accounts Payable Turnover
0.00 2.39 0.00 0.00 0.00 2.69 2.98 2.33 2.48 3.58 4.46
Days Sales Outstanding (DSO)
0.00 111.35 0.00 0.00 0.00 83.49 68.17 70.82 73.93 77.86 62.64
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 152.94 0.00 0.00 0.00 135.75 122.40 156.62 147.33 101.82 81.77
Cash Conversion Cycle (CCC)
0.00 -41.59 0.00 0.00 0.00 -52.26 -54.24 -85.80 -73.40 -23.95 -19.13
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
0.00 227 168 195 233 290 266 327 385 452 409
Invested Capital Turnover
0.00 3.54 0.00 0.00 0.00 5.03 6.68 6.39 6.17 5.94 7.33
Increase / (Decrease) in Invested Capital
0.00 0.00 168 195 233 62 98 132 152 162 143
Enterprise Value (EV)
0.00 1,388 -585 8,748 9,190 26,856 17,026 25,723 40,818 41,083 22,952
Market Capitalization
748 748 1,085 10,447 10,935 28,697 18,977 27,783 43,044 43,559 25,723
Book Value per Share
$0.00 ($6.98) $26.17 $11.58 $11.92 $12.14 $12.26 $12.94 $13.95 $15.46 $16.64
Tangible Book Value per Share
$0.00 ($7.97) $25.37 $11.25 $11.50 $11.75 $11.90 $12.60 $13.63 $15.15 $16.36
Total Capital
0.00 1,441 1,838 1,894 1,978 2,131 2,217 2,387 2,611 2,929 3,180
Total Debt
0.00 0.00 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 0.00 0.00
Net Debt
0.00 -1,213 -1,670 -1,699 -1,745 -1,841 -1,951 -2,060 -2,226 -2,477 -2,771
Capital Expenditures (CapEx)
3.94 4.60 2.85 1.20 1.35 0.84 0.98 0.51 2.06 3.16 1.09
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 133 93 122 144 207 191 259 315 388 349
Debt-free Net Working Capital (DFNWC)
0.00 1,346 1,764 1,821 1,889 2,047 2,142 2,319 2,541 2,865 3,120
Net Working Capital (NWC)
0.00 1,346 1,764 1,821 1,889 2,047 2,142 2,319 2,541 2,865 3,120
Net Nonoperating Expense (NNE)
-6.33 -16 163 -12 -23 -17 -22 -21 -22 -23 -23
Net Nonoperating Obligations (NNO)
0.00 -1,213 -1,670 -1,699 -1,745 -1,841 -1,951 -2,060 -2,226 -2,477 -2,771
Total Depreciation and Amortization (D&A)
-4.33 -4.79 -4.39 -7.59 -8.42 -7.36 -4.92 -2.76 -2.88 -1.71 -0.09
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 16.54% 0.00% 0.00% 0.00% 15.89% 13.16% 15.54% 16.56% 17.61% 14.13%
Debt-free Net Working Capital to Revenue
0.00% 167.42% 0.00% 0.00% 0.00% 157.47% 147.75% 139.03% 133.43% 130.07% 126.14%
Net Working Capital to Revenue
0.00% 167.42% 0.00% 0.00% 0.00% 157.47% 147.75% 139.03% 133.43% 130.07% 126.14%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.34 ($8.19) ($0.06) $0.18 $4.74 $0.14 $0.48 $0.87 $1.35 $1.07
Adjusted Weighted Average Basic Shares Outstanding
0.00 59.14M 70.24M 164.38M 169.17M 145.47M 182.02M 185.44M 188.04M 186.38M 191.52M
Adjusted Diluted Earnings per Share
$0.00 $0.34 ($8.19) ($0.06) $0.16 $4.76 $0.13 $0.45 $0.80 $1.24 $1.01
Adjusted Weighted Average Diluted Shares Outstanding
0.00 59.14M 70.24M 164.38M 192.32M 145.47M 201.28M 199.52M 202.73M 202.11M 202.52M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $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
0.00 0.00 163.51M 165.88M 175.58M 180.90M 184.52M 187.16M 189.50M 191.04M 192.51M
Normalized Net Operating Profit after Tax (NOPAT)
-14 2.87 -412 -22 4.80 37 2.73 47 97 229 181
Normalized NOPAT Margin
-6.61% 1.15% -169.77% -7.73% 1.38% 8.65% 0.70% 9.49% 16.58% 31.55% 27.34%
Pre Tax Income Margin
-3.34% 7.80% -236.54% -3.67% 8.56% 16.36% 6.23% 17.78% 27.45% 35.12% 31.01%
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 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 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 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 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% 0.00% 0.00%
Augmented Payout Ratio
0.00% -1.59% 0.00% 0.00% 0.00% -1.81% 5.15% 1.13% 0.08% 0.00% 0.71%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, data-driven snapshot of Reddit, Inc. (NYSE: RDDT) using the last four years of quarterly statements provided. The focus is on identifying meaningful earnings, cash flow, and balance-sheet trends for retail investors.

  • 2025 Q4 Operating Revenue rose to $725.6 million, continuing a growth trend through 2025 (Q3: $584.9M; Q2: $499.6M; Q1: $392.4M).
  • Gross Profit in 2025 Q4 was $666.9 million, yielding an impressively high gross margin around 92% on revenue of $725.6 million.
  • Net income attributable to common shareholders in 2025 Q4 was $251.6 million, signaling a positive bottom-line swing after earlier quarters.
  • Operating income in 2025 Q4 reached $231.8 million, marking positive profitability for the quarter (Q1 and Q2/Q3 showed more mixed results earlier in the year).
  • Net cash from continuing operating activities in 2025 Q4 was $266.8 million, indicating strong cash generation from core operations.
  • Earnings per share for 2025 Q4 show Basic EPS of $1.35 and Diluted EPS of $1.24, reflecting solid quarterly profitability per share.
  • Liquidity level remains robust: Cash & equivalents of $911.7 million and Short-Term Investments of $1.314 billion as of 2025 Q3, totaling roughly $2.22 billion in liquid assets.
  • Seasonality appears evident, with Q4 typically stronger on revenues and profitability, making quarterly results somewhat cyclical.
  • Investing activities show sizable outflows tied to purchases of investments across several quarters, indicating ongoing capital deployment rather than immediate profit-impact concerns.
  • 2025 Q1 displayed a significant profitability weakness: Total Operating Income was negative (~$589.3 million) and the quarter showed a notable prior-year swing before subsequent improvement.
05/10/26 09:36 AM ETAI Generated. May Contain Errors.

Reddit Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Reddit's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Reddit's net income appears to be on a downward trend, with a most recent value of $529.72 million in 2025, falling from -$158.55 million in 2022. The previous period was -$484.28 million in 2024. Find out what analysts predict for Reddit in the coming months.

Reddit's total operating income in 2025 was $441.98 million, based on the following breakdown:
  • Total Gross Profit: $2.01 billion
  • Total Operating Expenses: $1.57 billion

Over the last 3 years, Reddit's total revenue changed from $666.70 million in 2022 to $2.20 billion in 2025, a change of 230.4%.

Reddit's total liabilities were at $310.14 million at the end of 2025, a 50.7% increase from 2024, and a 98.9% increase since 2023.

In the past 2 years, Reddit's cash and equivalents has ranged from $401.18 million in 2023 to $953.57 million in 2025, and is currently $953.57 million as of their latest financial filing in 2025.

Over the last 3 years, Reddit's book value per share changed from 0.00 in 2022 to 15.46 in 2025, a change of 1,545.7%.



Financial statements for NYSE:RDDT last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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