RDDT (Reddit, Inc.) Stock Financials & Earnings | Market Cap Arena

RDDT (Reddit, Inc.) Stock Financials & Earnings | Market Cap Arena

RDDTReddit, Inc.

Mkt Cap$26B

Communication Services·Internet Content & Information·🇺🇸 United States·NYSE

Revenue (TTM)$2.2B

Net Income (TTM)$530M

EPS (TTM)$2.66

Free Cash Flow (TTM)$684M

Gross Margin91.2%

Op. Margin20.1%

Net Margin24.1%

FCF Margin31.1%

P/S Ratio (TTM)12.0x

P/E Ratio (TTM)49.8x

YoY Rev Growth+69.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$164M	$137M	-$71M
Q2 23	$183M	$154M	-$53M
Q3 23	$208M	$181M	-$20M
Q4 23	$250M	$221M	$3M
Q1 24	$243M	$215M	-$589M
Q2 24	$281M	$252M	-$31M
Q3 24	$348M	$314M	$7M
Q4 24	$428M	$396M	$53M
Q1 25	$392M	$355M	$4M
Q2 25	$500M	$454M	$68M
Q3 25	$585M	$532M	$139M
Q4 25	$726M	$667M	$232M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	38.5x	—
Q2 23	36.7x	—
Q3 23	34.9x	—
Q4 23	32.8x	—
Q1 24	29.8x	—
Q2 24	26.9x	—
Q3 24	23.5x	—
Q4 24	20.3x	—
Q1 25	18.2x	225.4x
Q2 25	15.8x	121.8x
Q3 25	13.8x	75.5x
Q4 25	12.0x	49.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$4M	$4M
Q2 23	-$54M	-$55M
Q3 23	-$8M	-$12M
Q4 23	-$17M	-$22M
Q1 24	$32M	$29M
Q2 24	$28M	$27M
Q3 24	$72M	$70M
Q4 24	$90M	$89M
Q1 25	$128M	$127M
Q2 25	$111M	$111M
Q3 25	$185M	$183M
Q4 25	$267M	$264M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$356K
Q2 23	$830K
Q3 23	$4M
Q4 23	$5M
Q1 24	$3M
Q2 24	$1M
Q3 24	$1M
Q4 24	$842K
Q1 25	$979K
Q2 25	$505K
Q3 25	$2M
Q4 25	$3M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+12.0%	+29.2%
Q2 23	+23.2%	+15.2%
Q3 23	+21.0%	+2.1%
Q4 23	+24.6%	+7.2%
Q1 24	+48.4%	+255.1%
Q2 24	+53.6%	+32.3%
Q3 24	+67.9%	+50.4%
Q4 24	+71.3%	+51.9%
Q1 25	+61.5%	-53.3%
Q2 25	+77.7%	+38.3%
Q3 25	+67.9%	+30.7%
Q4 25	+69.7%	+31.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$12M	7.6%
Q2 23	$10M	5.5%
Q3 23	$9M	4.5%
Q4 23	$16M	6.3%
Q1 24	$578M	237.7%
Q2 24	$64M	22.9%
Q3 24	$75M	21.5%
Q4 24	$85M	19.9%
Q1 25	$85M	21.8%
Q2 25	$89M	17.8%
Q3 25	$84M	14.3%
Q4 25	$85M	11.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$109M	$41M	$58M
Q2 23	$110M	$38M	$59M
Q3 23	$108M	$37M	$55M
Q4 23	$112M	$48M	$58M
Q1 24	$437M	$243M	$124M
Q2 24	$143M	$68M	$71M
Q3 24	$167M	$66M	$75M
Q4 24	$189M	$74M	$81M
Q1 25	$191M	$69M	$91M
Q2 25	$197M	$69M	$121M
Q3 25	$196M	$69M	$129M
Q4 25	$199M	$72M	$164M

Revenue Segments

Quarter	Advertising	Other Revenue
Q1 24	$223M	$20M
Q2 24	$253M	$28M
Q3 24	$315M	$33M
Q1 25	$359M	$34M
Q2 25	$465M	$35M
Q3 25	$549M	$36M
Q4 25	$690M	$36M

Revenue by Geography

Quarter	Non-US	United States
Q1 24	$43M	$200M
Q2 24	$53M	$228M
Q3 24	$60M	$288M
Q4 24	$80M	$348M
Q1 25	$79M	$314M
Q2 25	$91M	$409M
Q3 25	$105M	$480M
Q4 25	$142M	$583M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$436M	$831M	$1.3B
Q1 23	$0	$2.5B	$2.5B
Q3 23	$434M	$787M	$1.2B
Q4 23	$401M	$812M	$1.2B
Q1 24	$969M	$702M	$1.7B
Q2 24	$468M	$1.2B	$1.7B
Q3 24	$516M	$1.2B	$1.7B
Q4 24	$562M	$1.3B	$1.8B
Q1 25	$636M	$1.3B	$2.0B
Q2 25	$734M	$1.3B	$2.1B
Q3 25	$912M	$1.3B	$2.2B
Q4 25	$954M	$1.5B	$2.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	163M	+0.0%
Q2 23	163M	+0.0%
Q3 23	163M	+0.0%
Q4 23	163M	+0.0%
Q1 24	163M	+0.0%
Q2 24	166M	+1.4%
Q3 24	174M	+5.1%
Q4 24	180M	+3.5%
Q1 25	184M	+2.2%
Q2 25	187M	+1.5%
Q3 25	203M	+8.4%
Q4 25	203M	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$582K	2K
FY 25	$862K	3K