RDDT financial statements
The full income statement, balance sheet, and cash-flow statement for Reddit Inc. (RDDT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Revenue | 2.20B+69.4% | 1.30B+61.7% | 804M+20.6% | 667M | |
| Cost of revenue | 194M+57.1% | 124M+11.3% | 111M+5.9% | 105M | |
| Research & development | 783M-16.3% | 935M+113.3% | 438M+20.0% | 365M | |
| Selling, general & administrative | 279M-38.1% | 451M+174.2% | 165M+14.5% | 144M | |
| General & administrative | 279M-38.1% | 451M+174.2% | 165M+14.5% | 144M | |
| Selling & marketing | 504M+43.7% | 351M+52.3% | 230M+2.3% | 225M | |
| Amortization of intangibles | — | 9.20M+2.2% | 9.00M | 0.00 | |
| Operating income | 442M+178.8% | -561M-299.9% | -140M+18.6% | -172M | |
| Other non-operating income | 86.7M+15.1% | 75.4M+41.8% | 53.1M+273.3% | 14.2M | |
| Pre-tax income | 529M+209.0% | -485M-457.6% | -87.0M+44.9% | -158M | |
| Income tax | -1.03M-10.7% | -931K-124.5% | 3.80M+511.1% | 622K | |
| Net income | 530M+209.4% | -484M-433.2% | -90.8M+42.7% | -159M | |
| $2.62+178.7% | -$3.33-116.2% | -$1.54+44.4% | -$2.77 | ||
| EPS (basic) | $2.84+185.3% | -$3.33-116.2% | -$1.54+44.4% | -$2.77 | |
| Weighted-avg shares (basic) | 186M+28.1% | 145M+146.0% | 59.1M+3.3% | 57.3M | |
| Weighted-avg shares (diluted) | 202M+38.9% | 145M+146.0% | 59.1M+3.3% | 57.3M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 3.14B+41.0% | 2.22B+50.3% | 1.48B | — | ||
| Cash & equivalents | 954M+69.6% | 562M+40.1% | 401M-7.9% | 436M | |
| Accounts receivable | 590M+68.8% | 350M+42.5% | 245M | — | |
| Prepaid expenses | 69.0M+108.8% | 33.1M+55.3% | 21.3M | — | |
| Other current assets | — | 2.28M+43.4% | 1.59M | — | |
| 3.24B+38.6% | 2.34B+46.4% | 1.60B | — | ||
| Property, plant & equipment | 12.7M+0.5% | 12.7M-15.3% | 14.9M | — | |
| Operating lease right-of-use | 20.8M-10.6% | 23.2M-3.2% | 24.0M | — | |
| Goodwill | 42.2M+0.0% | 42.2M+60.4% | 26.3M | — | |
| Intangible assets | 15.5M-39.0% | 25.4M-20.9% | 32.1M | — | |
| Other non-current assets | 12.0M+23.7% | 9.70M-50.0% | 19.4M | — | |
| 271M+54.1% | 176M+31.8% | 134M | — | ||
| Accounts payable | 62.9M+38.5% | 45.4M-2.3% | 46.5M | — | |
| Accrued liabilities | 201M+61.8% | 124M+49.3% | 83.3M | — | |
| Deferred revenue | 18.0M+21.8% | 14.8M+104.2% | 7.25M | — | |
| Current lease liability | 7.02M+14.4% | 6.14M+65.6% | 3.71M | — | |
| Other current liabilities | 16.4M+119.2% | 7.46M+172.8% | 2.73M | — | |
| 310M+50.7% | 206M+32.0% | 156M | — | ||
| Non-current lease liability | 16.2M-21.3% | 20.6M-6.7% | 22.0M | — | |
| Operating lease liability (total) | 23.2M-13.1% | 26.7M | — | — | |
| Other non-current liabilities | 22.7M+144.8% | 9.26M+3125.4% | 287K | — | |
| 2.93B+37.5% | 2.13B+616.0% | -413M-8.9% | -379M | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | — | |
| Additional paid-in capital | 3.60B+7.9% | 3.33B+1000.2% | 303M | — | |
| Retained earnings | -671M+44.1% | -1.20B-67.6% | -717M | — | |
| Accumulated other comprehensive income | 4.36M+18083.3% | 24.0K-97.1% | 814K | — | |
| Total liabilities & equity | 3.24B+38.6% | 2.34B+46.4% | 1.60B | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 691M+211.1% | 222M+395.6% | -75.1M+20.1% | -94.0M | ||
| Depreciation & amortization | 15.9M+1.9% | 15.6M+14.2% | 13.7M+71.3% | 8.00M | |
| Intangible amortization | — | 9.20M+2.2% | 9.00M | 0.00 | |
| Share-based compensation | 343M-57.2% | 802M+1584.2% | 47.6M-13.9% | 55.3M | |
| Deferred income taxes | -4.63M-118.8% | -2.12M-2250.0% | -90.0K+95.7% | -2.08M | |
| Change in receivables | 241M+131.4% | 104M+95.6% | 53.3M+76.4% | 30.2M | |
| Change in payables | 18.2M+3287.0% | -570K-104.6% | 12.5M+14.4% | 10.9M | |
| -219M+50.3% | -441M-1167.3% | 41.3M+105.1% | -804M | ||
| Capital expenditure | 6.71M+7.3% | 6.25M-35.7% | 9.72M+56.0% | 6.23M | |
| Free cash flow | 684M+217.0% | 216M+354.4% | -84.8M+15.4% | -100M | |
| Acquisitions | 0.00-100.0% | 17.1M | 0.00-100.0% | 42.2M | |
| Sales/maturities of investments | 2.07B+31.3% | 1.57B+23.6% | 1.27B+88.8% | 674M | |
| Other investing activities | -3.01M+48.3% | -5.82M-3284.3% | -172K-368.8% | 64.0K | |
| -80.6M-121.2% | 380M+46898.4% | -811K+78.6% | -3.78M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -1.61M+73.7% | -6.11M-75.7% | -3.48M-240.3% | -1.02M | |
| Net change in cash | 391M+143.2% | 161M+564.6% | -34.6M+96.2% | -902M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 43.9B+48.5% | 29.6B | — | — | |
| P/E | 82.9× | — | — | — | |
| P/S | 19.9×-12.3% | 22.7× | — | — | |
| P/B | 15.0×+8.0% | 13.9× | — | — | |
| P/FCF | 64.2×-53.1% | 137.0× | — | — | |
| Earnings yield | 1.2% | — | — | — | |
| FCF yield | 1.6%+113.4% | 0.73% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K |
About this data
Source: RDDT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RDDT filings on SEC EDGAR → Not investment advice.