Reddit, Inc. (RDDT)

RDDT Income Statement

Revenue, expenses, and profitability analysis

RDDT Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	2.260B	607.144M	666.889M	532.402M	453.727M	355.272M	395.862M	313.718M	251.683M
Revenue	2.474B	663.411M	725.607M	584.911M	499.627M	392.361M	427.707M	348.351M	281.184M
Cost of Goods Sold	213.394M	56.267M	58.718M	52.509M	45.900M	37.089M	31.845M	34.633M	29.501M
Gross Profit Margin	91.5%	91.5%	91.9%	91.0%	90.8%	90.5%	92.6%	90.1%	89.5%
Total Operating Expenses	1.639B	424.232M	435.061M	393.860M	386.016M	351.369M	342.990M	306.864M	282.722M
Research & Development	799.120M	207.246M	198.885M	196.379M	196.610M	191.271M	188.644M	166.701M	142.777M
Selling, General & Administrative	840.049M	216.986M	236.176M	197.481M	189.406M	160.098M	154.346M	140.163M	139.945M
Operating Income (EBIT)	620.993M	182.912M	231.828M	138.542M	67.711M	3.903M	52.872M	6.854M	-31.039M
Operating Margin	27.6%	27.6%	31.9%	23.7%	13.6%	1.0%	12.4%	2.0%	-11.0%
Income Before Tax (EBT)	709.981M	205.728M	254.818M	160.577M	88.858M	24.437M	69.987M	29.822M	-10.315M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	—	—	—	—	—	—	—	—	—
Other Income/Expense	88.988M	22.816M	22.990M	22.035M	21.147M	20.534M	17.115M	22.968M	20.724M
Net Income	707.544M	203.981M	251.603M	162.663M	89.297M	26.158M	71.036M	29.853M	-10.099M
Income Tax Expense	2.437M	1.747M	3.215M	-2.086M	-439K	-1.721M	-1.049M	-31K	-216K
Net Profit Margin	30.7%	30.7%	34.7%	27.8%	17.9%	6.7%	16.6%	8.6%	-3.6%
EBITDA	655.013M	182.912M	235.979M	164.477M	71.645M	7.866M	57.033M	10.823M	-27.269M
EBITDA Margin	27.6%	27.6%	32.5%	28.1%	14.3%	2.0%	13.3%	3.1%	-9.7%
Depreciation & Amortization	11.985M	0.00	4.151M	3.900M	3.934M	3.963M	4.161M	3.969M	3.770M
EPS Basic	3.74	1.07	1.32	0.87	0.48	0.14	0.39	0.17	-0.06
EPS Diluted	3.53	1.01	1.24	0.80	0.48	0.14	0.39	0.17	-0.06
Shares Outstanding	191.519M	191.519M	189.972M	188.042M	187.075M	184.267M	180.316M	174.155M	165.634M
Diluted Shares Outstanding	202.524M	202.524M	202.932M	202.728M	187.075M	184.267M	180.316M	174.155M	165.634M

RDDT Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Gross Profit	2.008B	1.177B	693.018M	561.902M	412.351M	173.882M
Revenue	2.203B	1.300B	804.029M	666.701M	484.916M	228.908M
Cost of Goods Sold	194.216M	123.595M	111.011M	104.799M	72.565M	55.026M
Gross Profit Margin	91.2%	90.5%	86.2%	84.3%	85.0%	76.0%
Total Operating Expenses	1.566B	1.737B	833.179M	734.064M	539.564M	236.439M
Research & Development	783.145M	935.152M	438.346M	365.164M	256.975M	117.526M
Selling, General & Administrative	783.161M	802.026M	394.833M	368.900M	282.589M	118.913M
Operating Income (EBIT)	441.984M	-560.568M	-140.161M	-172.162M	-127.213M	-62.557M
Operating Margin	20.1%	-43.1%	-17.4%	-25.8%	-26.2%	-27.3%
Income Before Tax (EBT)	528.690M	-485.207M	-87.023M	-157.928M	-127.556M	-59.071M
Interest Income	—	—	—	—	—	—
Interest Expense	—	—	—	—	—	—
Other Income/Expense	86.706M	75.361M	53.138M	14.234M	-343K	3.486M
Net Income	529.721M	-484.276M	-90.824M	-158.550M	-127.896M	-59.173M
Income Tax Expense	-1.031M	-931K	3.801M	622K	340K	102K
Net Profit Margin	24.1%	-37.2%	-11.3%	-23.8%	-26.4%	-25.9%
EBITDA	457.932M	-544.925M	-126.459M	-164.162M	-124.400M	-57.137M
EBITDA Margin	20.8%	-41.9%	-15.7%	-24.6%	-25.7%	-25.0%
Depreciation & Amortization	15.948M	15.643M	13.702M	8.000M	2.813M	1.934M
EPS Basic	2.84	-2.69	-0.56	-0.97	-0.78	-0.36
EPS Diluted	2.62	-2.69	-0.56	-0.97	-0.78	-0.36
Shares Outstanding	186.383M	180.316M	163.346M	163.346M	163.346M	163.346M
Diluted Shares Outstanding	202.108M	180.316M	163.346M	163.346M	163.346M	163.346M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Reddit, Inc.

Reddit, Inc. oversees an internet-based service dedicated to fostering diverse online communities. This platform categorizes groups by shared passions, enabling its users to participate in dialogues through recounting experiences, sharing external web addresses, uploading visual and video content, and engaging in direct replies. Founded in 2005, the corporation maintains its central operations in San Francisco, California. Reddit, Inc. also functions as a controlled subsidiary of Advance Publications, Inc.

San Francisco, CA

2,233 employees

www.redditinc.com

Communication Services / Internet Content & Information

Sector: Communication Services
Industry: Internet Content & Information
CEO: Steven Ladd Huffman

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