RDDT FY 2025 Earnings Report — Reddit, Inc. Revenue & Financial Results | Market Cap Arena

Reddit, Inc.RDDT

FY 2025 Earnings

Reported February 5, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.3B	—	69.4%
Op. Income	$442M	—	-$561M	—	178.8%
Gross Margin	91.2%	—	90.5%	—	0.7pp
Net Margin	24.1%	—	-37.2%	—	61.3pp
EPS (Diluted)	$2.62	—	$-2.69	—	197.4%
Free Cash Flow	$684M	—	$216M	—	217.0%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$194M
GROSS PROFIT	$2.0B
R&D Expenses	$783M
Selling & Marketing	$504M
General & Administrative	$279M
SG&A Expenses	$783M
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$1.8B
OPERATING INCOME	$442M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$87M
INCOME BEFORE TAX	$529M
Income Tax Expense	-$1M
Net Income from Continuing Ops	$530M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$530M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$530M
D&A	$16M
EBIT	$442M
EBITDA	$458M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$194M
GROSS PROFIT	$2.0B
R&D Expenses	$783M
Selling & Marketing	$504M
General & Administrative	$279M
SG&A Expenses	$783M
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$1.8B
OPERATING INCOME	$442M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$87M
INCOME BEFORE TAX	$529M
Income Tax Expense	-$1M
Net Income from Continuing Ops	$530M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$530M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$530M
D&A	$16M
EBIT	$442M
EBITDA	$458M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$530M
Depreciation & Amortization	-$12M
Stock-Based Compensation	$343M
Deferred Income Tax	$0
Other Non-Cash Items	$7M
Change in Working Capital	-$177M
OPERATING CASH FLOW	$691M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$2.3B
Sales/Maturities of Investments	$2.1B
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$219M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$106M
NET CASH FROM FINANCING	-$81M
FREE CASH FLOW	$684M
Net Change in Cash	$391M

Balance Sheet

Item	Amount
Cash & Equivalents	$954M
Short-Term Investments	$1.5B
Net Receivables	$590M
Inventory	$0
Other Current Assets	$69M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$33M
Goodwill	$42M
Intangible Assets	$16M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$103M
TOTAL ASSETS	$3.2B
Account Payables	$63M
Short-Term Debt	$0
Deferred Revenue	$18M
Other Current Liabilities	$91M
TOTAL CURRENT LIABILITIES	$271M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$39M
TOTAL LIABILITIES	$310M
Common Stock	$19.0K
Additional Paid-In Capital	$3.6B
Retained Earnings	-$671M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$23M
Net Debt	-$930M