Reddit, Inc. (RDDT)

Reddit, Inc. operates a digital community in the United States and internationally. The company's platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging. It also organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. Reddit, Inc. was founded in 2005 and is headquartered in San Francisco, California.

Symbol
RDDT
Exchange
NYSE
Sector
Communication Services
Industry
Internet Content & Information
Market cap
$28.91B
52 week range
119.27 - 263.5

Valuation

Share price
$151.98 (close of 2026-09-23)
P/E (TTM)
32.67x
Price to book
8.80x
Price to free cash flow
28.38x
Enterprise value
$27.44B
Book value per share
$17.08

Price performance

PeriodChange
1 day-4.25%
5 days-4.79%
1 month-0.85%
3 months-8.24%
6 months+7.82%
Year to date-33.88%
1 year-35.99%
All time+201.30%

Profitability and growth

Return on equity
18.09%
Return on invested capital
22.11%
Return on assets
16.35%
Return on capital employed
14.89%
Gross margin
91.18%
Net margin
24.05%
EBITDA margin
20.79%
Revenue growth
69.40%
Net income growth
209.38%
Free cash flow growth
217.01%

Cash flow and balance sheet

Free cash flow yield (TTM)
3.52%
Current ratio
10.49x
Net debt to EBITDA
-1.83x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$2.20B
Cost of revenue
$194.22M
Gross profit
$2.01B
EBITDA
$457.93M
Net income
$529.72M
Earnings per share
$2.84
Research and development
$783.14M
Shares outstanding
186.38M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$2.20B$2.01B$529.72M$2.84
2024-12-31$1.30B$1.18B$-484.28M$-3.33
2023-12-31$804.03M$693.02M$-90.82M$-1.54
2022-12-31$666.70M$561.90M$-158.55M$-2.77

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3191.18%24.05%18.09%22.11%
2024-12-3190.49%-37.25%-22.73%-35.08%
2023-12-3186.19%-11.30%22.00%-
2022-12-3184.28%-23.78%41.83%-

Cash and debt by year

Period endCash
2025-12-31$953.57M
2024-12-31$562.09M
2023-12-31$401.18M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$684.17M$343.18M
2024-12-31$215.82M$801.65M
2023-12-31$-84.84M$47.60M
2022-12-31$-100.25M$55.31M

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$1.30

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$0.99
2026-04-30--
2026-02-05--
2025-10-30--
2025-07-31--
2025-05-01--
2025-02-12--
2024-10-29--

Filings and sources

Company website
redditinc.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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All Communication Services companies

Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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