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Reddit (RDDT) Financials

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$98.29 -1.26 (-1.26%)
Closing price 03:59 PM Eastern
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$97.25 -1.04 (-1.06%)
As of 07:59 PM Eastern
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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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
Total Costs & Expenses		 - - - - - - 446 - - - 633
Net Income / (Loss) Attributable to Common Shareholders		 -575 -10 30 71 26 89 163 252 204 253 283
Consolidated Net Income / (Loss)		 -575 -10 30 71 26 89 163 252 204 253 283
Net Income / (Loss) Continuing Operations		 -575 -10 30 71 26 89 163 252 204 253 283
Total Pre-Tax Income 		-575 -10 30 70 24 89 161 255 206 257 289
Total Operating Income		 -589 -31 6.85 53 3.90 68 139 232 183 232 262
Total Gross Profit		 215 252 314 396 355 454 532 667 607 735 819
Total Revenue		 243 281 348 428 392 500 585 726 663 805 895
Operating Revenue		 243 281 348 428 392 500 585 726 663 805 895
Total Cost of Revenue		 28 30 35 32 37 46 53 59 56 70 76
Operating Cost of Revenue		 28 30 35 32 37 46 53 59 56 70 76
Total Operating Expenses		 805 283 307 343 351 386 394 435 424 503 558
Selling, General & Admin Expense		 243 68 66 74 69 69 69 72 66 76 85
Marketing Expense		 124 71 75 81 91 121 129 164 151 196 209
Research & Development Expense		 437 143 167 189 191 197 196 199 207 231 264
Total Other Income / (Expense), net		 15 21 23 17 21 21 22 23 23 25 27
Other Income / (Expense), net		 15 21 23 17 21 21 22 23 23 25 27
Income Tax Expense		 0.37 -0.22 -0.03 -1.05 -1.72 -0.44 -2.09 3.22 1.75 3.99 5.79
Basic Earnings per Share		 ($8.19) ($0.06) $0.18 $4.74 $0.14 $0.48 $0.87 $1.35 $1.07 $1.31 $1.47
Weighted Average Basic Shares Outstanding		 70.24M 164.38M 169.17M 145.47M 182.02M 185.44M 188.04M 186.38M 191.52M 192.35M 192.60M
Diluted Earnings per Share		 ($8.19) ($0.06) $0.16 $4.76 $0.13 $0.45 $0.80 $1.24 $1.01 $1.25 $1.40
Weighted Average Diluted Shares Outstanding		 70.24M 164.38M 192.32M 145.47M 201.28M 199.52M 202.73M 202.11M 202.52M 202.03M 201.86M
Weighted Average Basic & Diluted Shares Outstanding		 163.51M 165.88M 175.58M 180.90M 184.52M 187.16M 189.50M 191.04M 192.51M 192.40M 193.09M

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 567 -501 48 46 74 98 178 42 421 112 -129
Net Cash From Operating Activities		 32 28 72 90 128 111 185 267 312 262 364
Net Cash From Continuing Operating Activities		 32 28 72 90 128 111 185 267 312 262 364
Net Income / (Loss) Continuing Operations		 -575 -10 30 71 26 89 163 252 204 253 283
Consolidated Net Income / (Loss)		 -575 -10 30 71 26 89 163 252 204 253 283
Depreciation Expense		 3.74 3.77 3.97 4.16 3.96 3.93 3.90 4.15 4.21 4.26 4.26
Amortization Expense		 -8.13 -11 -12 -12 -8.88 -6.69 -6.78 -5.86 -4.30 -2.80 -3.07
Non-Cash Adjustments To Reconcile Net Income		 579 66 72 85 87 91 86 87 69 103 133
Changes in Operating Assets and Liabilities, net		 32 -20 -21 -59 20 -66 -60 -70 39 -95 -54
Net Cash From Investing Activities		 114 -520 7.94 -43 -28 -2.08 17 -206 125 95 -384
Net Cash From Continuing Investing Activities		 114 -520 7.94 -43 -28 -2.08 17 -206 125 95 -384
Purchase of Property, Plant & Equipment		 -2.85 -1.20 -1.35 -0.84 -0.98 -0.51 -2.06 -3.16 -1.09 -1.13 -1.23
Purchase of Investments		 -136 -862 -428 -571 -505 -556 -544 -693 -365 -312 -596
Sale and/or Maturity of Investments		 253 343 447 530 477 553 563 490 492 409 214
Other Investing Activities, net		 -0.02 -0.01 0.49 -1.51 0.89 2.35 -0.79 0.55 -1.62 -1.42 -0.89
Net Cash From Financing Activities		 421 -9.31 -32 -0.70 -26 -11 -24 -19 -16 -244 -109
Net Cash From Continuing Financing Activities		 421 -9.31 -32 -0.70 -26 -11 -24 -19 -16 -244 -109
Repurchase of Common Equity		 -2.75 -3.59 -2.16 -0.28 0.00 - - - -5.00 -235 -100
Other Financing Activities, net		 -176 -5.73 -34 -0.43 -26 -11 -23 -19 -11 -9.51 -8.85

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 Q2 2026 Q3 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 6/30/2026 9/30/2026
Total Assets		 2,016 2,076 2,172 2,437 2,632 2,876 3,484 3,637 3,962
Total Current Assets		 1,920 1,981 2,061 2,329 2,530 2,770 3,386 3,542 3,857
Cash & Equivalents		 969 468 516 636 734 912 1,374 1,487 1,358
Short-Term Investments		 702 1,231 1,229 1,315 1,326 1,314 1,396 1,300 1,676
Accounts Receivable		 215 240 284 326 407 488 523 650 730
Prepaid Expenses		 34 42 32 51 63 56 92 105 93
Plant, Property, & Equipment, net		 14 14 14 12 11 13 12 12 11
Total Noncurrent Assets		 81 81 97 97 91 94 86 83 94
Goodwill		 26 26 42 42 42 42 42 42 42
Intangible Assets		 30 28 28 23 20 18 13 11 10
Other Noncurrent Operating Assets		 25 27 27 32 28 34 31 30 42
Total Liabilities & Shareholders' Equity		 2,016 2,076 2,172 2,437 2,632 2,876 3,484 3,637 3,962
Total Liabilities		 178 183 194 220 245 266 305 351 380
Total Current Liabilities		 156 160 172 187 211 228 266 338 357
Accounts Payable		 45 64 62 44 64 73 52 89 110
Accrued Expenses		 107 90 105 137 140 148 207 241 239
Other Current Liabilities		 4.38 5.37 5.40 6.38 6.57 6.87 7.17 7.78 8.36
Total Noncurrent Liabilities		 21 23 22 33 34 37 39 13 23
Other Noncurrent Operating Liabilities		 21 23 22 33 34 37 39 13 23
Commitments & Contingencies		 0.00 0.00 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 3,286 3,582
Total Preferred & Common Equity		 1,838 1,894 1,978 2,217 2,387 2,611 3,180 3,286 3,582
Preferred Stock		 0.00 0.00 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 3,286 3,582
Common Stock		 3,130 3,197 3,245 3,390 3,469 3,530 3,648 3,505 3,527
Retained Earnings		 -1,292 -1,302 -1,272 -1,175 -1,085 -923 -467 -214 69
Accumulated Other Comprehensive Income / (Loss)		 -0.47 -1.00 4.15 1.31 3.73 3.81 -0.98 -4.70 -14

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026 9/30/2026
DEI Shares Outstanding		 - - - - - - - - 191,035,784.00 192,509,040.00 192,396,510.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 191,035,784.00 192,509,040.00 192,396,510.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 1.07 1.31 1.47
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 48.38% 53.63% 67.87% 71.25% 61.49% 77.69% 67.91% 69.65% 69.08% 61.10% 53.01%
EBITDA Growth		 -838.98% 57.88% 289.98% 326.53% 103.37% 580.82% 636.98% 304.12% 953.70% 199.99% 84.05%
EBIT Growth		 -859.79% 74.01% 529.84% 259.35% 104.25% 961.44% 438.45% 264.09% 741.87% 189.04% 80.01%
NOPAT Growth		 -734.62% 41.42% 150.05% 1,770.38% 101.01% 413.18% 1,945.46% 326.54% 4,240.94% 235.24% 82.66%
Net Income Growth		 -844.81% 75.43% 504.35% 283.27% 104.55% 984.22% 444.88% 254.19% 679.80% 183.15% 74.14%
EPS Growth		 -680.00% 91.43% 223.08% 1,300.00% 101.59% 850.00% 400.00% -73.95% 676.92% 177.78% 75.00%
Operating Cash Flow Growth		 686.85% 152.51% 1,029.79% 616.25% 297.89% 292.22% 158.52% 196.46% 144.75% 135.22% 96.48%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 83.83% 70.34% 94.75% 854.64% 140.76% 186.93% 883.61%
Invested Capital Growth		 0.00% 0.00% 0.00% 27.48% 58.37% 67.90% 65.42% 55.97% 53.80% 52.69% 42.47%
Revenue Q/Q Growth		 0.00% 15.73% 23.89% 22.78% -8.26% 27.34% 17.07% 24.05% -8.57% 21.33% 11.19%
EBITDA Q/Q Growth		 0.00% 96.91% 219.50% 192.70% -68.84% 341.18% 83.15% 60.50% -18.75% 25.60% 12.37%
EBIT Q/Q Growth		 0.00% 98.21% 389.11% 134.68% -65.08% 263.62% 80.71% 58.69% -19.26% 24.84% 12.54%
NOPAT Q/Q Growth		 0.00% 94.73% 131.58% 682.15% -92.21% 1,528.71% 106.25% 63.10% -20.77% 25.78% 12.38%
Net Income Q/Q Growth		 0.00% 98.24% 395.60% 137.95% -63.18% 241.38% 82.16% 54.68% -18.93% 23.96% 12.03%
EPS Q/Q Growth		 0.00% 99.27% 366.67% 2,875.00% -97.27% 246.15% 77.78% 55.00% -18.55% 23.76% 12.00%
Operating Cash Flow Q/Q Growth		 0.00% -11.47% 152.32% 25.66% 41.76% -12.74% 66.31% 44.10% 17.03% -16.13% 38.92%
Free Cash Flow Firm Q/Q Growth		 0.00% 62.70% -4.28% 96.09% -963.16% 31.58% 81.53% 661.82% -42.58% 45.91% 66.47%
Invested Capital Q/Q Growth		 0.00% 15.98% 19.44% 24.63% -8.26% 22.96% 17.67% 17.51% -9.54% 22.06% 9.80%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 88.63% 89.51% 90.06% 92.55% 90.55% 90.81% 91.02% 91.91% 91.52% 91.27% 91.53%
EBITDA Margin		 -238.34% -6.37% 6.14% 14.64% 4.97% 17.23% 26.96% 34.88% 31.00% 32.09% 32.43%
Operating Margin		 -242.53% -11.04% 1.97% 12.36% 0.99% 13.55% 23.69% 31.95% 27.57% 28.79% 29.23%
EBIT Margin		 -236.54% -3.67% 8.56% 16.36% 6.23% 17.78% 27.45% 35.12% 31.01% 31.91% 32.30%
Profit (Net Income) Margin		 -236.69% -3.59% 8.57% 16.61% 6.67% 17.87% 27.81% 34.67% 30.75% 31.41% 31.65%
Tax Burden Percent		 100.06% 97.91% 100.10% 101.50% 107.04% 100.49% 101.30% 98.74% 99.15% 98.45% 98.00%
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% 0.00% -0.10% -1.50% -7.04% -0.49% -1.30% 1.26% 0.85% 1.55% 2.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 63.06% 7.11% 87.07% 148.02% 187.24% 200.34% 190.60% 189.64%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 61.92% 5.90% 85.94% 146.89% 186.19% 199.38% 189.58% 188.62%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% -52.95% -5.27% -75.46% -127.12% -158.88% -174.44% -161.96% -160.19%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 10.11% 1.85% 11.61% 20.89% 28.36% 25.90% 28.64% 29.45%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% -175.84% -29.76% 0.41% 37.21% 75.61% 140.95% 146.80% 156.75%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 10.82% 4.06% 12.60% 20.72% 27.74% 25.91% 28.29% 29.18%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 10.98% 4.34% 12.66% 20.98% 27.39% 25.69% 27.85% 28.59%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 4.86% 1.85% 11.61% 20.89% 28.36% 25.90% 28.64% 29.45%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 5.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -412 -22 6.86 54 4.18 68 140 229 181 228 256
NOPAT Margin		 -169.77% -7.73% 1.97% 12.55% 1.06% 13.62% 23.99% 31.55% 27.34% 28.34% 28.64%
Net Nonoperating Expense Percent (NNEP)		 -19.47% 1.37% 2.64% 1.14% 1.21% 1.13% 1.12% 1.05% 0.96% 1.02% 1.02%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 2.52% 0.19% 2.85% 5.38% 7.82% 5.70% 6.94% 7.16%
Cost of Revenue to Revenue		 11.37% 10.49% 9.94% 7.45% 9.45% 9.19% 8.98% 8.09% 8.48% 8.73% 8.47%
SG&A Expenses to Revenue		 100.21% 24.36% 18.85% 17.26% 17.69% 13.77% 11.76% 9.97% 9.88% 9.41% 9.46%
R&D to Revenue		 179.88% 50.78% 47.85% 44.11% 48.75% 39.35% 33.57% 27.41% 31.24% 28.73% 29.45%
Operating Expenses to Revenue		 331.16% 100.55% 88.09% 80.19% 89.55% 77.26% 67.34% 59.96% 63.95% 62.48% 62.30%
Earnings before Interest and Taxes (EBIT)		 -575 -10 30 70 24 89 161 255 206 257 289
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -579 -18 21 63 20 86 158 253 206 258 290
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.59 5.52 5.53 13.47 8.56 11.64 16.49 14.87 8.09 10.17 7.65
Price to Tangible Book Value (P/TBV)		 0.61 5.68 5.73 13.91 8.82 11.95 16.88 15.17 8.23 10.34 7.76
Price to Revenue (P/Rev)		 0.00 0.00 0.00 22.07 13.09 16.66 22.60 19.78 10.40 12.03 8.87
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 162.27 128.42 123.28 82.23 36.36 38.36 27.63
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% 0.62% 0.78% 0.81% 1.22% 2.75% 2.61% 3.62%
Enterprise Value to Invested Capital (EV/IC)		 0.00 44.91 39.50 92.63 64.01 78.66 106.07 90.85 56.11 61.34 44.45
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 20.66 11.75 15.42 21.43 18.65 9.28 11.02 7.89
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 198.81 135.64 125.23 79.55 32.67 35.02 24.20
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 149.44 120.71 118.71 77.71 32.33 34.89 24.22
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 508.94 192.92 152.83 92.77 37.09 39.33 27.24
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 120.93 53.61 64.22 79.40 59.46 26.21 29.85 20.23
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 23,776.66 355.31 146.43 48.24 50.50 33.33
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		 -0.91 -0.90 -0.88 -0.86 -0.89 -0.88 -0.87 -0.85 -0.87 -0.85 -0.85
Leverage Ratio		 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.11 1.10
Compound Leverage Factor		 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.10 1.11 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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 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		 2.88 34.50 34.07 84.63 52.79 69.20 98.65 85.98 52.47 59.11 45.34
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 51.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 12.27 12.42 11.96 12.63 12.46 12.00 12.13 11.56 12.73 10.49 10.80
Quick Ratio		 12.05 12.16 11.78 12.44 12.19 11.70 11.88 11.31 12.39 10.17 10.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -580 -217 -226 -8.83 -94 -64 -12 67 38 56 93
Operating Cash Flow to CapEx		 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% 23,093.12% 29,601.06%
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 0.00 0.00 0.66 0.65 0.71 0.75 0.79 0.84 0.89 0.90
Accounts Receivable Turnover		 0.00 0.00 0.00 4.37 5.35 5.15 4.94 4.69 5.83 5.26 5.07
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 0.00 0.00 94.22 111.54 130.51 142.61 173.69 210.76 237.76 252.93
Accounts Payable Turnover		 0.00 0.00 0.00 2.69 2.98 2.33 2.48 3.58 4.46 3.11 2.85
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 83.49 68.17 70.82 73.93 77.86 62.64 69.44 71.95
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 0.00 0.00 135.75 122.40 156.62 147.33 101.82 81.77 117.49 128.13
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 -52.26 -54.24 -85.80 -73.40 -23.95 -19.13 -48.05 -56.18
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 168 195 233 290 266 327 385 452 409 499 548
Invested Capital Turnover		 0.00 0.00 0.00 5.03 6.68 6.39 6.17 5.94 7.33 6.73 6.62
Increase / (Decrease) in Invested Capital		 168 195 233 62 98 132 152 162 143 172 163
Enterprise Value (EV)		 -585 8,748 9,190 26,856 17,026 25,723 40,818 41,083 22,952 30,629 24,372
Market Capitalization		 1,085 10,447 10,935 28,697 18,977 27,783 43,044 43,559 25,723 33,416 27,405
Book Value per Share		 $26.17 $11.58 $11.92 $12.14 $12.26 $12.94 $13.95 $15.46 $16.64 $17.07 $18.62
Tangible Book Value per Share		 $25.37 $11.25 $11.50 $11.75 $11.90 $12.60 $13.63 $15.15 $16.36 $16.79 $18.34
Total Capital		 1,838 1,894 1,978 2,131 2,217 2,387 2,611 2,929 3,180 3,286 3,582
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		 -1,670 -1,699 -1,745 -1,841 -1,951 -2,060 -2,226 -2,477 -2,771 -2,786 -3,033
Capital Expenditures (CapEx)		 2.85 1.20 1.35 0.84 0.98 0.51 2.06 3.16 1.09 1.13 1.23
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 93 122 144 207 191 259 315 388 349 418 466
Debt-free Net Working Capital (DFNWC)		 1,764 1,821 1,889 2,047 2,142 2,319 2,541 2,865 3,120 3,204 3,499
Net Working Capital (NWC)		 1,764 1,821 1,889 2,047 2,142 2,319 2,541 2,865 3,120 3,204 3,499
Net Nonoperating Expense (NNE)		 163 -12 -23 -17 -22 -21 -22 -23 -23 -25 -27
Net Nonoperating Obligations (NNO)		 -1,670 -1,699 -1,745 -1,841 -1,951 -2,060 -2,226 -2,477 -2,771 -2,786 -3,033
Total Depreciation and Amortization (D&A)		 -4.39 -7.59 -8.42 -7.36 -4.92 -2.76 -2.88 -1.71 -0.09 1.46 1.19
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 15.89% 13.16% 15.54% 16.56% 17.61% 14.13% 15.03% 15.08%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 157.47% 147.75% 139.03% 133.43% 130.07% 126.14% 115.30% 113.29%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 157.47% 147.75% 139.03% 133.43% 130.07% 126.14% 115.30% 113.29%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($8.19) ($0.06) $0.18 $4.74 $0.14 $0.48 $0.87 $1.35 $1.07 $1.31 $1.47
Adjusted Weighted Average Basic Shares Outstanding		 70.24M 164.38M 169.17M 145.47M 182.02M 185.44M 188.04M 186.38M 191.52M 192.35M 192.60M
Adjusted Diluted Earnings per Share		 ($8.19) ($0.06) $0.16 $4.76 $0.13 $0.45 $0.80 $1.24 $1.01 $1.25 $1.40
Adjusted Weighted Average Diluted Shares Outstanding		 70.24M 164.38M 192.32M 145.47M 201.28M 199.52M 202.73M 202.11M 202.52M 202.03M 201.86M
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		 163.51M 165.88M 175.58M 180.90M 184.52M 187.16M 189.50M 191.04M 192.51M 192.40M 193.09M
Normalized Net Operating Profit after Tax (NOPAT)		 -412 -22 4.80 37 2.73 47 97 229 181 228 256
Normalized NOPAT Margin		 -169.77% -7.73% 1.38% 8.65% 0.70% 9.49% 16.58% 31.55% 27.34% 28.34% 28.64%
Pre Tax Income Margin		 -236.54% -3.67% 8.56% 16.36% 6.23% 17.78% 27.45% 35.12% 31.01% 31.91% 32.30%
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% 0.00% 0.00% -1.81% 5.15% 1.13% 0.08% 0.00% 0.71% 27.50% 34.28%

Financials Breakdown Chart

Key Financial Trends

Reddit’s financial profile has improved substantially across the available period, with accelerating revenue, sustained profitability and a growing cash balance. Revenue increased from $163.7 million in Q1 2023 to $804.9 million in Q2 2026, including a 21.3% sequential increase from Q1 2026. Q2 2026 operating income rose to $231.7 million, compared with $3.9 million in Q1 2025, while net income reached $252.8 million. Reddit’s Q2 net margin was approximately 31.4%, although that result included $25.1 million of net other income.

Cash generation has also strengthened. Operating cash flow rose from $4.1 million in Q1 2023 to $261.9 million in Q2 2026. Reddit ended Q2 2026 with $1.49 billion of cash and equivalents plus $1.30 billion of short-term investments, or approximately $2.79 billion in highly liquid assets. Total liabilities were only $350.9 million, resulting in substantial balance-sheet flexibility and no reported long-term debt in the provided data.

The main risks are rising operating investment, share dilution and the possibility that working-capital movements do not keep pace with growth. Accounts receivable increased to $650.1 million in Q2 2026, while changes in operating assets and liabilities reduced operating cash flow by $95.2 million. Reddit also spent $234.6 million on share repurchases during the quarter, which returned capital to investors but reduced cash by more than the company spent on capital expenditures.

  • Exceptional revenue growth: Quarterly revenue increased from $163.7 million in Q1 2023 to $804.9 million in Q2 2026, with revenue rising in every reported quarter from Q1 2025 through Q2 2026.
  • Profitability has become firmly established: Reddit moved from a $70.6 million operating loss in Q1 2023 to $231.7 million of operating income in Q2 2026. Operating margin expanded to approximately 28.8%.
  • Strong cash-flow conversion: Q2 2026 operating cash flow of $261.9 million exceeded net income of $252.8 million, indicating that reported earnings were generally supported by cash generation during the quarter.
  • Large liquidity cushion: Cash and short-term investments totaled approximately $2.79 billion at June 30, 2026, compared with total liabilities of $350.9 million.
  • Improving retained earnings: The retained-earnings deficit narrowed from approximately $1.30 billion in Q2 2024 to $214.3 million in Q2 2026 as Reddit accumulated quarterly profits.
  • Capital returns have increased: Reddit repurchased $234.6 million of common stock in Q2 2026, substantially more than its $5.0 million repurchase in Q1 2026.
  • Investment activity primarily reflects liquidity management: Reddit regularly purchases and sells hundreds of millions of dollars of investments each quarter. This supports liquidity but is not the same as investing in long-term operating growth.
  • Accounts receivable is rising with revenue: Receivables increased from $215.3 million in Q1 2024 to $650.1 million in Q2 2026. This may reflect business expansion, but investors should monitor collections and days sales outstanding.
  • Share dilution remains significant: Basic weighted-average shares increased from 58.1 million in Q1 2023 to 192.3 million in Q2 2026. The 2026 diluted share count was approximately 202.0 million, limiting the per-share benefit of earnings growth.
  • Operating cash flow faced working-capital pressure: Changes in operating assets and liabilities reduced Q2 2026 operating cash flow by $95.2 million, reversing the $39.0 million benefit recorded in Q1 2026.
11/13/26 11:43 PM ETAI Generated. May Contain Errors.

Reddit Financials - Frequently Asked Questions

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

Reddit's net income appears to be on an upward trend, with a most recent value of $529.72 million in 2025, compared with -$158.55 million in 2022. The previous period was -$484.28 million in 2024. Check out Reddit's forecast to explore projected trends and price targets.

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%.

In the past 10 quarters, Reddit's cash and equivalents has ranged from $467.95 million in Q2 2024 to $1.49 billion in Q2 2026, and is currently $1.36 billion as of their latest financial filing in Q3 2026.

Reddit had total debt of $0.00 at the end of 2025, compared with none in 2024, and none in 2022.

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%.


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Financial statements for NYSE:RDDT last updated on 10/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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