Reddit (RDDT) | Financial Analysis & Statements
Reddit Inc. Large-cap Communication Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
725.6M
Gross Profit
666.9M
91.91%
Operating Income
231.8M
31.95%
Net Income
251.6M
34.67%
EPS (Diluted)
$1.24
Balance Sheet Metrics
Total Assets
3.2B
Total Liabilities
310.1M
Shareholders Equity
2.9B
Debt to Equity
0.11
Cash Flow Metrics
Operating Cash Flow
229.6M
Free Cash Flow
263.6M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Reddit Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2.2B | 1.3B | 804.0M | 666.7M | 484.9M |
| Cost of Goods Sold | 194.2M | 123.6M | 111.0M | 104.8M | 72.6M |
| Gross Profit | 2.0B | 1.2B | 693.0M | 561.9M | 412.4M |
| Gross Margin % | 91.2% | 90.5% | 86.2% | 84.3% | 85.0% |
| Operating Expenses | |||||
| Research & Development | 783.1M | 935.2M | 438.3M | 365.2M | 257.0M |
| Selling, General & Administrative | 783.2M | 802.0M | 394.8M | 368.9M | 282.6M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 1.6B | 1.7B | 833.2M | 734.1M | 539.6M |
| Operating Income | 442.0M | -560.6M | -140.2M | -172.2M | -127.2M |
| Operating Margin % | 20.1% | -43.1% | -17.4% | -25.8% | -26.2% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | 86.7M | 75.4M | 53.1M | 14.2M | -343.0K |
| Pre-tax Income | 528.7M | -485.2M | -87.0M | -157.9M | -127.6M |
| Income Tax | -1.0M | -931.0K | 3.8M | 622.0K | 340.0K |
| Effective Tax Rate % | -0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | 529.7M | -484.3M | -90.8M | -158.6M | -127.9M |
| Net Margin % | 24.1% | -37.2% | -11.3% | -23.8% | -26.4% |
| Key Metrics | |||||
| EBITDA | 457.9M | -544.9M | -126.5M | -164.2M | -124.4M |
| EPS (Basic) | $2.84 | $-3.33 | $-0.57 | $-1.07 | $-0.87 |
| EPS (Diluted) | $2.62 | $-3.33 | $-0.57 | $-1.07 | $-0.87 |
| Basic Shares Outstanding | 186383271 | 145472389 | 158993090 | 147792102 | 147792102 |
| Diluted Shares Outstanding | 186383271 | 145472389 | 158993090 | 147792102 | 147792102 |
Income Statement Trend
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Reddit Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 953.6M | 562.1M | 401.2M | 435.8M | 1.3B |
| Short-term Investments | 1.5B | 1.3B | 811.9M | 830.7M | 75.3M |
| Accounts Receivable | 590.2M | 349.5M | 245.3M | 192.0M | 161.7M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 69.0M | 2.3M | 1.6M | 1.2M | 635.0K |
| Total Current Assets | 3.1B | 2.2B | 1.5B | 1.5B | 1.6B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 20.8M | 23.2M | 24.0M | 23.4M | 17.5M |
| Goodwill | 99.8M | 109.8M | 84.7M | 93.8M | 18.6M |
| Intangible Assets | 15.5M | 25.4M | 32.1M | 41.2M | 5.7M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 12.0M | 9.7M | 18.4M | 16.4M | 8.6M |
| Total Non-Current Assets | 103.2M | 113.2M | 116.8M | 115.8M | 44.2M |
| Total Assets | 3.2B | 2.3B | 1.6B | 1.6B | 1.6B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 62.9M | 45.4M | 46.5M | 32.9M | 22.9M |
| Short-term Debt | 7.0M | 6.1M | 3.7M | 7.8M | 6.9M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 16.4M | 7.5M | 11.4M | 5.3M | 4.0M |
| Total Current Liabilities | 271.3M | 176.0M | 133.6M | 106.5M | 70.5M |
| Non-Current Liabilities | |||||
| Long-term Debt | 16.2M | 20.6M | 22.0M | 11.7M | 6.6M |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 106.0K | 9.3M | 287.0K | 7.1M | 568.0K |
| Total Non-Current Liabilities | 38.9M | 29.8M | 1.9B | 1.9B | 1.9B |
| Total Liabilities | 310.1M | 205.8M | 2.0B | 2.0B | 1.9B |
| Equity | |||||
| Common Stock | 19.0K | 17.0K | 6.0K | 6.0K | 6.0K |
| Retained Earnings | -671.1M | -1.2B | -716.6M | -625.7M | -467.2M |
| Treasury Stock | - | - | - | - | 0 |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 2.9B | 2.1B | -412.9M | -379.1M | -286.0M |
| Key Metrics | |||||
| Total Debt | 23.2M | 26.7M | 25.7M | 19.5M | 13.5M |
| Working Capital | 2.9B | 2.0B | 1.3B | 1.4B | 1.5B |
Balance Sheet Composition
Reddit Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 529.7M | -484.3M | -90.8M | -158.6M | -127.9M |
| Depreciation & Amortization | 15.9M | 15.6M | 13.7M | 8.0M | 2.8M |
| Stock-Based Compensation | 343.2M | 801.6M | 47.6M | 55.3M | 48.7M |
| Working Capital Changes | -230.4M | -107.2M | -46.6M | -29.6M | -72.0M |
| Operating Cash Flow | 665.5M | 225.7M | -64.3M | -110.3M | -140.7M |
| Investing Activities | |||||
| Capital Expenditures | -6.7M | -6.2M | -9.7M | -6.2M | -2.3M |
| Acquisitions | 0 | -17.1M | 0 | -42.2M | 0 |
| Investment Purchases | -2.3B | -2.0B | -1.3B | -1.4B | -234.4M |
| Investment Sales | 2.1B | 1.6B | 1.3B | 674.9M | 412.4M |
| Investing Cash Flow | -218.9M | -447.6M | 41.3M | -804.2M | 175.7M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | 0 | -95.2M |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | - | - | - | - | - |
| Financing Cash Flow | -105.6M | 290.6M | -9.2M | -10.8M | 1.1B |
| Free Cash Flow | 684.2M | 215.8M | -84.8M | -100.3M | -137.5M |
| Net Change in Cash | 341.0M | 68.7M | -32.2M | -925.3M | 1.2B |
Cash Flow Trend
Reddit Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
59.12
Forward P/E
18.88
Price to Book
10.09
Price to Sales
13.53
PEG Ratio
0.26
Profitability Ratios
Profit Margin
24.05%
Operating Margin
31.95%
Return on Equity
20.94%
Return on Assets
9.91%
Financial Health
Current Ratio
11.56
Debt to Equity
0.79
Beta
2.41
Per Share Data
EPS (TTM)
$2.62
Book Value per Share
$15.34
Revenue per Share
$11.82
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| RDDT | 29.6B | 59.12 | 10.09 | 20.94% | 24.05% | 0.79 |
| Alphabet | 4.1T | 31.36 | 9.88 | 35.71% | 32.81% | 16.13 |
| Meta Platforms | 1.7T | 27.10 | 9.47 | 39.84% | 39.11% | 26.76 |
| Spotify Technology | 106.6B | 42.18 | 10.85 | 31.93% | 12.87% | 23.48 |
| Nebius Group N.V | 39.7B | 1,419.45 | 8.56 | 0.74% | 19.20% | 105.96 |
| 12.7B | 32.44 | 2.77 | 8.78% | 9.87% | 5.52 |
Financial data is updated regularly. All figures are in the company's reporting currency.






