Reddit Inc. | Large-cap | Communication Services
$140.76
4.94%
| Reddit Stock Comparison:
Reddit vs AlphabetReddit vs AlphabetReddit vs Spotify TechnologyReddit vs DoordashReddit vs PinterestReddit vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 1.3B
Gross Profit 1.2B 90.49%
Operating Income -560.6M -43.11%
Net Income -484.3M -37.25%
EPS (Diluted) -$3.33

Balance Sheet Metrics

Total Assets 2.3B
Total Liabilities 205.8M
Shareholders Equity 2.1B
Debt to Equity 0.10

Cash Flow Metrics

Operating Cash Flow 225.7M
Free Cash Flow 215.8M

Revenue & Profitability Trend

Reddit Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 1.3B 804.0M 666.7M 484.9M 228.9M
Cost of Goods Sold 123.6M 111.0M 104.8M 72.6M 55.0M
Gross Profit 1.2B 693.0M 561.9M 412.4M 173.9M
Operating Expenses 1.7B 833.2M 734.1M 539.6M 236.4M
Operating Income -560.6M -140.2M -172.2M -127.2M -62.6M
Pre-tax Income -485.2M -87.0M -157.9M -127.6M -59.1M
Income Tax -931.0K 3.8M 622.0K 340.0K 102.0K
Net Income -484.3M -90.8M -158.6M -127.9M -59.2M
EPS (Diluted) -$3.33 -$0.57 -$1.07 -$0.87 -$0.40

Income Statement Trend

Reddit Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 2.2B 1.5B 1.5B 1.6B 473.7M
Non-Current Assets 113.2M 116.8M 115.8M 44.2M 50.4M
Total Assets 2.3B 1.6B 1.6B 1.6B 524.1M
Liabilities
Current Liabilities 176.0M 133.6M 106.5M 70.5M 49.7M
Non-Current Liabilities 29.8M 1.9B 1.9B 1.9B 626.0M
Total Liabilities 205.8M 2.0B 2.0B 1.9B 675.8M
Equity
Total Shareholders Equity 2.1B -412.9M -379.1M -286.0M -151.6M

Balance Sheet Composition

Reddit Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income -484.3M -90.8M -158.6M -127.9M -59.2M
Operating Cash Flow 225.7M -64.3M -110.3M -140.7M -81.8M
Investing Activities
Capital Expenditures -6.2M -9.7M -6.2M -2.3M -3.0M
Investing Cash Flow -447.6M 41.3M -804.2M 175.7M 81.2M
Financing Activities
Dividends Paid - - - - -
Financing Cash Flow 290.6M -9.2M -10.8M 1.1B 0
Free Cash Flow 215.8M -84.8M -100.3M -137.5M -64.9M

Cash Flow Trend

Reddit Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 23.33
Forward P/E 173.43
Price to Book 9.66
Price to Sales 14.79
PEG Ratio 173.43

Profitability Ratios

Profit Margin 8.07%
Operating Margin 1.00%
Return on Equity 5.77%
Return on Assets 0.92%

Financial Health

Current Ratio 12.46
Debt to Equity 1.20

Per Share Data

EPS (TTM) $4.98
Book Value per Share $12.03
Revenue per Share $8.36

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
rddt 21.4B 23.33 9.66 5.77% 8.07% 1.20
Alphabet 2.1T 19.85 6.25 34.79% 30.86% 8.25
Alphabet 2.0T 18.58 5.87 34.79% 30.86% 8.25
Spotify Technology 145.8B 109.87 23.33 24.40% 7.19% 34.87
Doordash 97.6B 291.54 11.63 4.34% 3.02% 6.28
Pinterest 22.9B 12.44 4.88 48.41% 50.41% 3.07

Financial data is updated regularly. All figures are in the company's reporting currency.