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Screener / SEC EDGAR /CIK 0001713445 /10-K filed Feb 6, 2026, compared with Feb 13, 2025 /Numbers from the XBRL of the 10-Ks
Communication peers:
ECHORDDTTTWOAPPTKONWSA
NYSE Communication · Data Processing

Reddit RDDT

RDDT quote by TradingView

Our mission is to empower communities and make their knowledge accessible to everyone. 10-K, Item 1

Employees
2,555
Headquarters
San Francisco, CA
CEO
Steve Ladd Huffman
Next results
around Feb 4, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $2.2B through the costs to a net profit of $529.7M · income statement of the 10-K

20% operating margin
Revenue to Gross profit: $2.0BRevenue to Cost of revenue: $194.2MGross profit to Operating profit: $442.0MGross profit to Operating expenses: $1.6BOperating profit to Net profit: $442.0MOther income to Net profit: $87.7MOperating expenses to R&D: $783.1MOperating expenses to Sales, admin & other: $783.2M Revenue: $2.2B REVENUE $2.2B +69% Y/Y Gross profit: $2.0B · 91% margin GROSS PROFIT $2.0B 91% margin Cost of revenue: $194.2M · 9% of revenue COST OF REVENUE $194.2M 9% of revenue Operating profit: $442.0M · 20% margin OPERATING PROFIT $442.0M 20% margin Other income: $87.7M · 4% of revenue OTHER INCOME $87.7M 4% of revenue Operating expenses: $1.6B · 71% of revenue OPERATING EXPENSES $1.6B 71% of revenue Net profit: $529.7M · 24% margin NET PROFIT $529.7M 24% margin R&D: $783.1M · 36% of revenue R&D $783.1M 36% of revenue Sales, admin & other: $783.2M · 36% of revenue SALES, ADMIN & OTHER $783.2M 36% of revenue
Gross profit $2.0B 91% margin
Operating profit $442.0M 20% margin
Net profit $529.7M 24% margin
The full income statement, year by year

RDDT among Communication peers

Six ratios from the latest 10-K. Each corner is the share of 18 peers the company is above, not a score.

Compare
Revenue growth: 69.4%, above 94% of 18 peers (their median 5.9%) REVENUE GROWTH 69.4% · above 94% Gross margin: 91.5%, above 100% of 6 peers (their median 58.7%) GROSS MARGIN 91.5% · above 100% Operating margin: 29.4%, above 75% of 16 peers (their median 18.4%) OPERATING MARGIN 29.4% · above 75% Net margin: 32.1%, above 89% of 18 peers (their median 9.0%) NET MARGIN 32.1% · above 89% FCF margin: 38.8%, above 100% of 15 peers (their median 8.4%) FCF MARGIN 38.8% · above 100% Return on capital: 12.4%, above 62% of 13 peers (their median 9.2%) RETURN ON CAPITAL 12.4% · above 62%
RDDT Peer median Below the median

What changed

15 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 6, 2026 against Feb 13, 2025.

Risk factors
15 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Sufficiency of audit evidence over ad delivery used in advertising revenue (“As discussed in Notes 2 and 3 to the consolidated financial statements, the Company generated $2.1 billion of advertising revenue for the year ended December 31, 2025. The Company generates the majority of its revenues through the sale of advertising on the Company’s website and mobile applications.”). No longer listed: Evaluation of the delivery quantity of ad impressions
10-K · XBRL
Accounting checks
9 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Critical audit matters changed
    New this year: Sufficiency of audit evidence over ad delivery used in advertising revenue (“As discussed in Notes 2 and 3 to the consolidated financial statements, the Company generated $2.1 billion of advertising revenue for the year ended December 31, 2025. The Company generates the majority of its revenues through the sale of advertising on the Company’s website and mobile applications.”). No longer listed: Evaluation of the delivery quantity of ad impressions
  • Receivables +68.8% vs revenue +69.4% (-0.6 pts)
8 more checks with nothing to note
  • Cash from operations $690.9M vs net income $529.7M (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: KPMG LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

15 paragraphs in Risk Factors that were not in the 10-K filed Feb 13, 2025. Quoted as filed.

All 15 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    Google, Meta, OpenAI, and Anthropic; Redditors may choose to find information using AI tools, which in some cases may have been trained using Reddit content, instead of visiting Reddit directly. While we have made, and expect to continue to make, significant investments to integrate AI, including generative AI, into our platform, AI…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    We cannot assure you that we will effectively manage our growth or maintain our corporate culture as we grow.
  3. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    We cannot guarantee that our share repurchase program will be fully implemented or that such program will enhance the long-term value of the share price of our Class A common stock. In February 2026, our Board of Directors authorized a share repurchase program with authorization to purchase up to $1 billion of our Class A common stock…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    Our amended and restated certificate of incorporation provides, that: (i) unless we consent in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware (or, if such court does not have subject matter jurisdiction thereof, the federal district court of the State of Delaware or other state courts of…

New risk paragraphs, against peers

Latest 10-K of each, Communication companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$666.7M$804.0M$1.3B$2.2B
Net income−$158.6M−$90.8M−$484.3M$529.7M
Operating cash flow−$94.0M−$75.1M$222.1M$690.9M
Free cash flow−$100.3M−$84.8M$215.8M$684.2M

Revenue, FY2022 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$2.2B ▲ 69.4% in FY2025

FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Reddit, San Francisco, CA · from the 10-K filed Feb 6, 2026

Our mission is to empower communities and make their knowledge accessible to everyone. We built Reddit with the belief that communities unlock the power of human creativity and create a sense of belonging and empowerment for their members. Our over 100,000 active communities have channeled the power of human creativity to grow Reddit since our founding. We believe the world needs community more than ever, and that this represents our greatest opportunity to further enrich the lives of everyone in the world.

Headquarters
San Francisco, CA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had 2,555 employees, including 1,981 in the United States" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 6, 2026 (open at SEC), compared with the 10-K filed Feb 13, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/RDDT/export.csv") into a cell.