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RDDTReddit

Communication · Data Processing · NYSE
RDDT quote by TradingView
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FY2025 at a glance

Sales up 69.4%, free cash flow up to $684.2M

XBRL, from each 10-K
RevenueStatements ↓
$2.2B
from $1.3B in FY2024
FY2022FY2025
Net incomeStatements ↓
$529.7M
from -$484.3M in FY2024
FY2022FY2025
Free cash flowStatements ↓
$684.2M
from $215.8M in FY2024
FY2022FY2025
EPS (diluted)Statements ↓
$2.62
from $-3.33 in FY2024
FY2022FY2025
Operating marginStatements ↓
20.1%
from -43.1% in FY2024
FY2022FY2025
Price and key numbers

The latest figures

All key numbers (35, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)4.90Sales (ttm)3.1BNet income (ttm)991.7MSales growth+69.4%EPS growth-Sales Q/Q+53.0%
Free cash flow1.2BGross margin91.5%Oper. margin29.4%Net margin32.1%FCF margin38.8%ROE27.7%
ROA25.0%R&D / sales35.6%Dividend-Debt/Eq-Curr. ratio10.80Cash1.4B
Op. cash flow (ttm)1.2BEBITDA457.9MEBITDA margin20.8%Quick ratio10.80ROIC12.4%Tax rate-0.2%
Stock pay / sales15.6%Shares out.201.9MShares Y/Y+38.9%Book / share17.74Cash / share6.73Sales / share15.30
Asset turnover0.78Days sales out.98Sales 3Y CAGR+48.9%Employees2,555Sales / employee1.2M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Free cash flow rose 217%$215.8M → $684.2M · Cash from operations − capital expenditure · 10-K ↗
  • Revenue growth sped up to +69.4%+61.7% → +69.4% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
  • Operating margin widened to 20.1%-43.1% → 20.1% · Operating income / revenue · 10-K ↗
  • Net income turned to a profit−$484.3M → $529.7M · Net income attributable to the company · 10-K ↗
What management wrote about it → · Every company →

RDDT against Communication peers

Ten years, side by side → · All 19 →
GrowthProfitBalanceCleanInsiders
RDDTPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 19 companies, the better end on the right. Hover a dot for the company.

Sales growth
+69.4%2nd of 19 · median +6.8%
Net margin
32.1%3rd of 19 · median 9.2%
Return on equity
27.7%5th of 19 · median 12.7%
Free cash flow margin
38.8%1st of 16 · median 10.0%
RDDT and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
RDDT Reddit$3.1B +69.4%91.5%32.1%27.7%38.8%-
ECHO EchoStar$12.2B -5.2%-8.8%6.3%-4.4%0.57
NWSA News Corp (Class A)$9.2B +6.8%-6.8%7.3%7.8%0.24
APP AppLovin$7.6B +70.0%88.8%65.9%152.0%-1.07
TTWO Take-Two Interactive$6.4B +18.2%56.6%-3.8%-6.5%1.5%0.69
TKO TKO Group Holdings$5.5B -3.1%-5.2%8.5%-1.37
Where each dollar goes

From $2.2B of sales to $529.7M of profit

FY2025, from the 10-K income statement and revenue by product
Advertising revenue to Revenue: $2.1BOther revenue to Revenue: $140.0MRevenue 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 Advertising revenue: $2.1B · 94% Advertising revenue$2.1B94% Other revenue: $140.0M · 6% Other revenue$140.0M6% Revenue: $2.2B Revenue$2.2B +69% Y/Y Gross profit: $2.0B · 91% margin Gross profit$2.0B91% margin Cost of revenue: $194.2M · 9% of revenue Cost of revenue$194.2M9% of revenue Operating profit: $442.0M · 20% margin Operating profit$442.0M20% margin Other income: $87.7M · 4% of revenue Other income$87.7M4% of revenue Operating expenses: $1.6B · 71% of revenue Operating expenses$1.6B71% of revenue Net profit: $529.7M · 24% margin Net profit$529.7M24% margin R&D: $783.1M · 36% of revenue R&D$783.1M36% of revenue Sales, admin & other: $783.2M · 36% of revenue Sales, admin & other$783.2M36% of revenue

Swipe sideways for the whole flow →

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. The full income statement →

Profitability

2 of 3
  • ✓
    Net margin above the peer median32.1% vs 9.2%
  • ✓
    Return on equity above 15%27.7%
  • !
    A profit in 1 of 4 years
Net margin, FY2022 to FY2025: -23.8% → 24.1%

Cash and shareholders

1 of 3
  • !
    Free cash flow positive in 2 of 4 years$684.2M last year
  • !
    Share count up over 3 years+253.0%
  • ✓
    Cash from operations above net income$690.9M vs $529.7M
Free cash flow, FY2022 to FY2025: -100.3M → 684.2M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2022 to FY2025

Revenue 2.2B Net income 529.7M
FY2022 revenue 666.7M · RevenueFromContractWithCustomerExcludingAssessedTax, 0001713445-25-000018 FY2022 net income -158.6M · NetIncomeLoss, 0001713445-25-000018 666.7M FY2022 FY2023 revenue 804.0M · RevenueFromContractWithCustomerExcludingAssessedTax, 0001713445-26-000022 FY2023 net income -90.8M · NetIncomeLoss, 0001713445-26-000022 804.0M FY2023 FY2024 revenue 1.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001713445-26-000022 FY2024 net income -484.3M · NetIncomeLoss, 0001713445-26-000022 1.3B FY2024 FY2025 revenue 2.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001713445-26-000022 FY2025 net income 529.7M · NetIncomeLoss, 0001713445-26-000022 2.2B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

RDDT's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue2.2B
FY2022: 666.7MFY2023: 804.0MFY2024: 1.3BFY2025: 2.2B FY2022FY2023FY2024FY2025
Net income529.7M
FY2022: -158.6MFY2023: -90.8MFY2024: -484.3MFY2025: 529.7M FY2022FY2023FY2024FY2025
Free cash flow684.2M
FY2022: -100.3MFY2023: -84.8MFY2024: 215.8MFY2025: 684.2M FY2022FY2023FY2024FY2025
EPS (diluted)2.62
FY2022: -2.77FY2023: -1.54FY2024: -3.33FY2025: 2.62 FY2022FY2023FY2024FY2025
Diluted shares202.1M
FY2022: 57.3MFY2023: 59.1MFY2024: 145.5MFY2025: 202.1M FY2022FY2023FY2024FY2025

Revenue by product or service

year to Dec 31, 2025
RevenueSharevs year before
Advertising revenue 2.1B93.6% +74.0%
Other revenue 140.0M6.4% +22.0%

10-K 0001713445-26-000022, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
United States 1.8B81.1% +67.9%
Rest of world 417.0M18.9% +76.2%

10-K 0001713445-26-000022, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2022FY2023FY2024FY2025
Revenue666.7M804.0M1.3B2.2B
Cost of revenue104.8M111.0M123.6M194.2M
R&D365.2M438.3M935.2M783.1M
SG&A143.8M164.7M451.4M279.3M
Operating income-172.2M-140.2M-560.6M442.0M
Pretax income-157.9M-87.0M-485.2M528.7M
Income tax622K3.8M-931K-1.0M
Net income-158.6M-90.8M-484.3M529.7M
EPS (diluted)-2.77-1.54-3.332.62
Diluted shares57.3M59.1M145.5M202.1M
Depreciation & amortization8.0M13.7M15.6M15.9M
EBITDA-164.2M-126.5M-544.9M457.9M
Operating margin-25.8%-17.4%-43.1%20.1%
Net margin-23.8%-11.3%-37.2%24.1%
Revenue growth-+20.6%+61.7%+69.4%

Balance sheet

From EDGAR
FY2022FY2023FY2024FY2025
Cash435.8M401.2M562.1M953.6M
Short-term investments-811.9M1.3B1.5B
Receivables-245.3M349.5M590.2M
Current assets-1.5B2.2B3.1B
Property & equipment-14.9M12.7M12.7M
Goodwill-26.3M42.2M42.2M
Total assets-1.6B2.3B3.2B
Accounts payable-46.5M45.4M62.9M
Current liabilities-133.6M176.0M271.3M
Total liabilities-155.9M205.8M310.1M
Shareholders' equity-379.1M-412.9M2.1B2.9B
Retained earnings--716.6M-1.2B-671.1M

Cash flow

From EDGAR
FY2022FY2023FY2024FY2025
Operating cash flow-94.0M-75.1M222.1M690.9M
Capital spending6.2M9.7M6.2M6.7M
Free cash flow-100.3M-84.8M215.8M684.2M
Stock-based pay (added back)55.3M47.6M801.6M343.2M
Acquisitions42.2M017.1M0
Investing cash flow-804.2M41.3M-440.7M-218.9M
Financing cash flow-3.8M-811K379.5M-80.6M

Stock-based pay and leases

From EDGAR
FY2022FY2023FY2024FY2025
Stock-based pay (expense)55.3M47.6M801.6M343.2M
Stock-based pay / revenue8.3%5.9%61.7%15.6%
Operating lease cost11.1M13.1M7.2M7.8M
Operating lease cash paid9.6M8.9M5.3M-
Right-of-use assets-24.0M23.2M20.8M
Operating lease liabilities-25.7M26.7M23.2M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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