Reddit, Inc.

RDDT· NYSE· Services-Computer Processing & Data Preparation

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
31.1%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
–
We record prices for the companies we cover; RDDT is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2025

Market cap
–
Enterprise value
–
Diluted shares
202.1M
Revenue
$2.2B
Free cash flow
$684.2M
Owner earnings
$341.0M

Valuation · FY2025

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2025

Gross
–
Operating
20.1%
Net
24.1%
Free cash flow
31.1%
Owner earnings
15.5%
Stock pay
15.6%

Returns

ROIC, FY2025
–
ROIC, 5 yr avg
–
ROE, FY2025
18.1%
ROE, 5 yr avg
–

Growth (CAGR)

Revenue, 3 yr
48.9%
Revenue, 5 yr
–
Diluted EPS, 3 yr
–
Diluted EPS, 5 yr
–
Free cash flow, 3 yr
–
Free cash flow, 5 yr
–

Financial health · FY2025

Cash and investments
$2.5B
Total debt
–
Net cash
–
Debt/Equity
–
Debt/FCF
–

Shareholder returns · FY2025

Dividend yield
–
Payout ratio
–
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
–

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$2.2B

+48.9% a year over 3 years

FY2022: Revenue $666.7MFY2023: Revenue $804.0MFY2024: Revenue $1.3BFY2025: Revenue $2.2B
FY2022FY2025

Margins

Operating20.1%Net24.1%

FY2025

FY2022: Operating -25.8%, Net -23.8%FY2023: Operating -17.4%, Net -11.3%FY2024: Operating -43.1%, Net -37.2%FY2025: Operating 20.1%, Net 24.1%
FY2022FY2025

Free cash flow and owner earnings

Free cash flow$684.2MOwner earnings$341.0M

FY2025

FY2022: Free cash flow -$100.3M, Owner earnings -$155.6MFY2023: Free cash flow -$84.8M, Owner earnings -$132.4MFY2024: Free cash flow $215.8M, Owner earnings -$585.8MFY2025: Free cash flow $684.2M, Owner earnings $341.0M
FY2022FY2025

Diluted shares

202.1M

+253.0% over 3 years, net dilution

FY2022: Diluted shares 57.3MFY2023: Diluted shares 59.1MFY2024: Diluted shares 145.5MFY2025: Diluted shares 202.1M
FY2022FY2025

Every figure, year by year

Fiscal yearFY2022FY2023FY2024FY2025
The business
Revenue$666.7M$804.0M$1.3B$2.2B
Revenue growth–20.6%61.7%69.4%
Gross margin––––
Operating margin-25.8%-17.4%-43.1%20.1%
Net income-$158.6M-$90.8M-$484.3M$529.7M
Net margin-23.8%-11.3%-37.2%24.1%
Diluted EPS$-2.77$-1.54$-3.33$2.62
Return on invested capital?––––
Cash
Operating cash flow-$94.0M-$75.1M$222.1M$690.9M
Capital expenditure$6.2M$9.7M$6.2M$6.7M
Free cash flow-$100.3M-$84.8M$215.8M$684.2M
Stock-based compensation$55.3M$47.6M$801.6M$343.2M
Owner earnings?-$155.6M-$132.4M-$585.8M$341.0M
Free cash flow per share$-1.75$-1.43$1.48$3.39
Capital allocation
Dividends paid––––
Share repurchases––––
Diluted shares57.3M59.1M145.5M202.1M
Share count change?–3.3%146.0%38.9%
Balance sheet
Cash and equivalents$435.8M$401.2M$562.1M$953.6M
Short-term investments–$811.9M$1.3B$1.5B
Total debt––––
Net debt––––
Shareholders' equity-$379.1M-$412.9M$2.1B$2.9B

Latest filings

All on EDGAR
2026-10-3010-QQuarterly report
2026-10-298-KEarnings release
2026-07-3110-QQuarterly report
2026-07-308-KEarnings release
2026-05-0110-QQuarterly report
2026-04-308-KEarnings release
2026-04-23DEF 14AProxy statement
2026-02-0610-KAnnual report
2026-02-058-KEarnings release
2025-10-3110-QQuarterly report

More from our coverage

All coverage