FirmAtlas
Company handbook · RDDT · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
RDDT · CIK 1713445 · LATEST FILING: 10-Q JUN '26 · FILED JUL 31, 2026
Reddit, Inc.
$156.14
−3.22 (−2.02%)
Close, Oct 16, 2026 · 52-week $119–264
Last fiscal year
Reddit, Inc. reported revenue of $2.2B for the year ended Dec 31, 2025 (FY25), up 69.4% from FY24. Net income was $530M, operating cash flow $691M and free cash flow $684M. Source: 10-K filed Feb 6, 2026.
Market cap
$31.6B
P/E
36.2
EV/EBITDA
66.8x
P/B
9.6
ROIC
24.9%
Revenue 1Y
69.4%/yr
EPS 1Y
n/m
Shares 1Y
+39%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOSteven Huffman
HQSan Francisco, CA
AuditorKPMG LLP
Employees2,555
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
—
—
—
−21.5%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$30M deployed
Capex
$13M
43.0%
Acquisitions
$17M
57.0%
Operating cash flow over the period: $913M. Total debt changed by $0M. R&D of $1.7B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
1,300
2,203+69.4%
2,779
YoY
+69.4%
Gross profit
1,177
2,008+70.7%
2,541
Gross margin
90.5%
91.2%+0.7 pp
—
Operating income
(561)
442n/m
785
Operating margin
−43.1%
20.1%+63.2 pp
—
EBITDA
(545)
458n/m
—
EBITDA margin
−41.9%
20.8%+62.7 pp
—
Net income
(484)
530n/m
871
YoY
n/m
Net margin
−37.2%
24.1%+61.3 pp
—
EPS (diluted, $)
−3.33
2.62n/m
4.30
YoY
n/m
Balance sheet
Total assets
2,337
3,239+38.6%
3,637
Cash & short-term investments
562
954+69.6%
—
Accounts receivable
350
590+68.8%
—
Net PP&E
13
13+0.5%
—
Other assets
1,412
1,683+19.2%
—
Total liabilities
206
310+50.7%
351
Accounts payable
45
63+38.5%
—
Other liabilities
160
247+54.1%
—
Shareholders’ equity
2,131
2,929+37.5%
3,286
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
222
691+211.1%
1,026
Net income
(484)
530n/m
—
Depreciation & amortization
16
16+1.9%
—
Stock-based compensation
802
343−57.2%
—
Working capital & other
(111)
(198)n/m
—
Cash from investing
(441)
(219)n/m
—
Capex
(6)
(7)n/m
—
Acquisitions
(17)
0n/m
—
Investments bought
(1,997)
(2,298)n/m
—
Investments sold / matured
1,574
2,066+31.3%
—
Other investing
6
20+247.8%
—
Cash from financing
380
(81)−121.2%
—
Shares issued
89
25−71.8%
—
Other financing
291
(106)−136.4%
—
Net change in cash
161
391+143.2%
—
Free cash flow (OCF − capex)
216
684+217.0%
1,019
Where the cash went
Operating cash flow
222
691+211.1%
1,026
Reinvested in the business
23
7−71.3%
—
% of operating cash flow
10.5%
1.0%
Capex
6
7+7.3%
7
Acquisitions
17
0−100.0%
—
R&D (memo, already in costs)
935
783−16.3%
—
Free cash flow
216
684+217.0%
1,019
YoY
+217.0%
FCF conversion (FCF ÷ net income)
—
129.2%
—
Owner earnings
—
316
—
Owner earnings margin
—
14.3%
—
Returns & ratios
ROIC (all capital)
−35.7%
24.9%+60.6 pp
—
ROIC (operating)
−176.6%
103.2%+279.8 pp
—
ROE
−22.7%
18.1%+40.8 pp
—
ROA
−20.7%
16.4%+37.1 pp
—
ROCE
−25.9%
14.9%+40.8 pp
—
NOPAT
(559)
442n/m
—
Invested capital (operating)
317
540+70.5%
—
Invested capital (all)
1,569
1,975+25.9%
—
Reinvestment rate
—
50.5%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
585
726
663
805
vs year-ago quarter
Gross profit
532
667
607
735
Gross margin
91.0%
91.9%
91.5%
91.3%
Operating income
139
232
183
232
Net income
163
252
204
253
vs year-ago quarter
Net margin
27.8%
34.7%
30.7%
31.4%
EPS (diluted, $)
0.80
1.24
1.01
1.25
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
2,876
3,239
3,484
3,637
Cash & equivalents
912
954
1,374
1,487
Shareholders’ equity
2,611
2,929
3,180
3,286
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
185
267
312
262
Capex
2
3
1
1
Free cash flow
183
264
311
261
vs year-ago quarter