RDDT NYSE· Interactive Media & Services
Last close · Oct 26, 2026
$138.45
KIRA · Stoqly’s AI analyst, in plain words
- Reddit had $2.2B of revenue in fiscal 2025, up 69.4% on the year before.
- Its operating margin was 20.1%, up 63.2 pts: of every 100 in sales, about 20 is left after running the business.
- Reddit made $530M of net profit in fiscal 2025.
- Free cash flow was $684M in fiscal 2025, 31.1% of revenue.
- Reddit returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 38.9%.
- Reddit has $2.5B more cash than debt.
Market cap
$28.0B
P/E
32.2x
Revenue
$2.2B
Net income
$530M
Free cash flow
$684M
Operating margin
20.1%
Reddit in 30 seconds · fiscal 2025
Are sales growing?
+69.4%
Yes. Sales grew 69.4% last year.
Does it make a profit?
24.1%
Yes. It keeps 24.1% of every sale as profit.
Does profit turn into cash?
31.1%
Yes. 31.1% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
32.2x
One share costs 32.2 times its yearly profit per share. Typical for its sector: 17.1x.
What Reddit does
Reddit runs a website and app made up of more than 100,000 active communities, called subreddits, each built around one topic. Users post text, links, images and videos, comment, and vote posts up or down, which decides what rises to the top. Most communities are run by volunteer moderators under their own rules as well as site-wide ones. Users do not have to reveal who they are. In the last three months of 2025 Reddit averaged 121.4 million daily active uniques, its count of distinct daily visitors, and about 57% of visitors came from outside the United States. Most of its revenue comes from advertising. Businesses pay to show ads to people based on the communities they visit and the conversations they are reading. The rest, which Reddit calls other revenue, comes from licensing its content, for example to companies that train AI models, and from products sold directly to users.
Biggest risks, in its own words
- Failing to grow or keep its users, or to keep them engaged, in the face of intense competition.
- Users may stop posting, or post content that others do not find useful or appealing.
- Changes in how search engines rank and show results could cut the traffic that reaches its site.
- Its community-led moderation can leave offensive or harmful content on the platform.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 6, 2026
- Legal name
- Reddit, Inc.
- CIK
- 0001713445
Reddit · RDDT
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $667M | $804M | $1.3B | $2.2B |
| Revenue growth | — | 20.6% | 61.7% | 69.4% |
| Gross margin | 84.3% | 86.2% | 90.5% | 91.2% |
| Operating margin | −25.8% | −17.4% | −43.1% | 20.1% |
| Net income | −$159M | −$90.8M | −$484M | $530M |
| Net margin | −23.8% | −11.3% | −37.3% | 24.1% |
| Diluted EPS | −$2.77 | −$1.54 | −$3.33 | $2.62 |
| Cash | ||||
| Cash from operations | −$94.0M | −$75.1M | $222M | $691M |
| Capital expenditure | $6.2M | $9.7M | $6.2M | $6.7M |
| Free cash flow | −$100M | −$84.8M | $216M | $684M |
| FCF margin | −15.0% | −10.6% | 16.6% | 31.1% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | — | 3.3% | 146.0% | 38.9% |
| Debt and strength | ||||
| Cash and short-term investments | $436M | $1.2B | $1.8B | $2.5B |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | −$379M | −$413M | $2.1B | $2.9B |
| Net debt / EBITDA | — | — | — | −5.4x |
| Current ratio | — | 11.1x | 12.6x | 11.6x |
| Returns and quality | ||||
| Return on capital | — | — | — | 119.1% |
| Return on equity | — | — | −56.4% | 20.9% |
| Piotroski F-score | — | — | — | 6 |
| Altman Z'' | — | 0.7 | 13.3 | 16.0 |
Insiders bought, 12 months
$8.9M
1 insider
Insiders sold, 12 months
$248M
7 insiders
Of sales under plans
100%
$247M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Reddit · RDDT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Reddit RDDT | $28.0B | 69.4% | 20.1% | 31.1% | 119.1% | 32.2x | 6 |
| People Inc. PPLI | $2.9B | −8.7% | −4.1% | 1.9% | −1.3% | 8.5x | 6 |
| Tripadvisor TRIP | $1.1B | 3.1% | 4.2% | 8.6% | 8.9% | 154.0x | 6 |
| Yelp YELP | $1.1B | 3.8% | 12.6% | 22.1% | — | 9.3x | — |
| Match Group MTCH | $11.2B | 0.2% | 25.0% | 29.4% | 28.3% | 16.0x | 8 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $138.45 a share, the company is worth $28.0B: 32.2 times its earnings of the last four quarters.
Reddit grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 3 of 4.
Source: SEC EDGAR XBRL filings (CIK 0001713445). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.