Overview
Reddit, Inc.
Latest 10-K: FY2025, filed Feb 6, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $2.20B
- 69.4%YoYup from FY2024
- TotalRevenue
- Gross profit
- $2.01B
- 70.7%YoYup from FY2024
- GrossProfit
- Operating income
- $0.44B
- n/mYoY
- OperatingIncome
- Net income
- $0.53B
- n/mYoY
- NetIncome
- Diluted EPS
- $2.62
- n/mYoY
- EPSDiluted
- Diluted shares
- 202.1M
- 38.9%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Reddit, Inc. reported revenue of $2.20B for fiscal 2025, up 69.4% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 3 of the last 3 fiscal years.
Profitability
- Operating margin was 20.1% and net margin was 24.1%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $2.62.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
4 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | 3Y CAGR |
|---|---|---|---|---|---|
| Revenue | $2.20B69.4%up Benchmark median 6.4% | $1.30B61.7%up Benchmark median 4.5% | $0.80B20.6%up Benchmark median 4.8% | $0.67B Benchmark median 10.3% | 48.9% |
| Gross Profit Median of 315 / 498 | $2.01B70.7%up Benchmark median 6.8% | $1.18B69.8%up Benchmark median 5.5% | $0.69B23.3%up Benchmark median 5.2% | $0.56B Benchmark median 8.3% | 52.9% |
| Operating Income Median of 373 / 498 | $441.98Mn/m Benchmark median 7.3% | negative: -$560.57Mn/m Benchmark median 7.4% | negative: -$140.16Mn/m Benchmark median 4.9% | negative: -$172.16M Benchmark median 7.5% | n/m |
| Net Income | $529.72Mn/m Benchmark median 4.8% | negative: -$484.28Mn/m Benchmark median 5.7% | negative: -$90.82Mn/m Benchmark median 1.9% | negative: -$158.55M Benchmark median 1.3% | n/m |
| EPS (Diluted) | $2.62n/m Benchmark median 6.2% | negative: -$3.33‡n/m Benchmark median 7.9% | negative: -$1.54n/m Benchmark median 1.9% | negative: -$2.77 Benchmark median 1.5% | n/m |
‡ Share basis changed between these years (stock split or reverse split).
Balance Sheet
4 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | 3Y CAGR |
|---|---|---|---|---|---|
| Total Assets | $3.24B38.6%up Benchmark median 5.6% | $2.34B46.4%up Benchmark median 3.4% | $1.60B Benchmark median 4.1% | — | — |
| Total Liabilities Median of 357 / 498 | $310.13M50.7%up Benchmark median 6.4% | $205.85M32.0%up Benchmark median 1.9% | $155.90M Benchmark median 2.9% | — | — |
| Stockholders' Equity | $2.93B37.5%up Benchmark median 6.8% | $2.13Bn/m Benchmark median 5.4% | negative: -$0.41Bn/m Benchmark median 7.3% | negative: -$0.38B Benchmark median 2.5% | n/m |
| Cash & Equivalents | $953.57M69.6%up Benchmark median 5.2% | $562.09M40.1%up Benchmark median 1.9% | $401.18M7.9%down Benchmark median 6.7% | $435.81M Benchmark median -8.6% | 29.8% |
| Total Debt | — | — | — | — | — |
Cash Flow Statement
4 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | 3Y CAGR |
|---|---|---|---|---|---|
| Operating Cash Flow | $690.88M211.1%up Benchmark median 6.3% | $222.07Mn/m Benchmark median 4.8% | negative: -$75.11Mn/m Benchmark median 9.9% | negative: -$94.02M Benchmark median -0.7% | n/m |
| Capital Expenditures | $6.71M7.3%up Benchmark median 5.4% | $6.25M35.7%down Benchmark median 2.8% | $9.72M56.0%up Benchmark median 11.3% | $6.23M Benchmark median 14.0% | 2.5% |
| Free Cash Flow Median of 378 / 498 | $684.17M217.0%up Benchmark median 7.3% | $215.82Mn/m Benchmark median 6.1% | negative: -$84.84Mn/m Benchmark median 8.8% | negative: -$100.25M Benchmark median -11.3% | n/m |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
1.1%
Wall Street
on net earnings
FY2024 n/m
1.5%
Value investor
on free cash flow
FY2024 0.9%
Gap +0.4 pts: Value-investor figure 0.4 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 87.7×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
6.3%
Wall Street
on book equity
FY2024 9.0%
6.2%
Value investor
on tangible book
FY2024 8.7%
Gap −0.1 pts: Value-investor figure 0.1 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 15.9×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
20.9%
Wall Street
ROE: net income ÷ equity
FY2024 negative: −22.7%
90.0%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 negative: −138.5%
Gap +69.1 pts: Value-investor figure 69.1 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
20.8%
Wall Street
EBITDA margin
FY2024 negative: −41.9%
31.1%
Value investor
Free-cash-flow margin
FY2024 16.6%
Gap +10.3 pts: Value-investor figure 10.3 points higher
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
11.56×
Wall Street
Current ratio
FY2024 12.63×
11.56×
Value investor
Quick ratio, inventory excluded
FY2024 12.63×
Gap Same: Both views read the same
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 4 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on RDDT yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on RDDT and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/RDDT
Valuein. (2026, October 31). Reddit, Inc. (RDDT) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/RDDT
@misc{valuein_rddt_2026,
author = {{Valuein}},
title = {Reddit, Inc. (RDDT) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/RDDT}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 6, 2026 · accession 0001713445-26-000022
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point-in-time · survivorship-free · every number traceable to its SEC filing
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