Reddit RDDT
Public, NYSE, reports in USD. Founded 2005.
Theme: Internet.
Social network.
2025-08-01 — Never profitable, unless can monetize AI
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.2bn USD | 69.4 % | 91.2 % | 35.6 % | 442m USD | 20.1 % | 530m USD | 2.62 | 89.5 | |
| 2024 | 1.3bn USD | 61.7 % | 90.5 % | 71.9 % | -561m USD | -43.1 % | -484m USD | -3.33 | 18.6 | |
| 2023 | 804m USD | -99.9 % | 86.2 % | 54.5 % | -140m USD | -17.4 % | -91m USD | -0.57 | -117.3 | |
| 2022 | 667.0bn USD | – | 100.0 % | 0.1 % | -172m USD | -0.0 % | -159m USD | -1.07 | – | |
| 2026-Q2 | 805m USD | 61.1 % | 91.3 % | 28.7 % | 232m USD | 28.8 % | 253m USD | 1.25 | 89.9 | |
| 2026-Q1 | 663m USD | – | 91.5 % | 31.2 % | 183m USD | 27.6 % | 204m USD | 1.01 | – | |
| 2025-Q4 | 726m USD | – | 91.9 % | 27.4 % | 232m USD | 31.9 % | 252m USD | 1.24 | – | |
| 2025-Q3 | 585m USD | – | 91.0 % | 33.6 % | 139m USD | 23.7 % | 163m USD | 0.80 | – | |
| 2025-Q2 | 500m USD | – | 90.8 % | 39.4 % | 68m USD | 13.6 % | 89m USD | 0.45 | – |
Sources
- 2025: yfinance
- 2024: yfinance
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 805m USD | 500m USD | +305m (+61 %) |
| Op. margin | 28.8 % | 13.6 % | +15.2 pts |
| FCF | 261m USD | 111m USD | +150m (+135 %) |
| Op. income | 232m USD | ||
| Net income | 253m USD | ||
| EPS (diluted) | 1.25 | 177.8 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 691m USD | 6.7m USD | 684m USD | 31.1 % | 130.4 % | – | – | – | 391m USD |
| 2024 | 222m USD | 6.2m USD | 216m USD | 16.6 % | – | – | – | – | 161m USD |
| 2023 | -75m USD | 9.7m USD | -85m USD | -10.6 % | – | – | – | – | -35m USD |
| 2022 | -94m USD | 6.2m USD | -100m USD | -0.0 % | – | – | – | – | -902m USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 160.63 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 30.9bn USD | 2026-09-15 | |
| 52w high | 282.95 USD | 2026-09-15 | |
| 52w low | 119.27 USD | 2026-09-15 | |
| DAU | 70 | 2026-07-10 (stale) | |
| MAU | 84 | 2026-07-10 (stale) | |
| Off 52w high % | -43.2 % | ||
| P/S | 14.0 | ||
| Lifetime CAGR | 3.8 % |
Notes
- 2025-08-01 opinion Never profitable, unless can monetize AI