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)

2024-06 165.9M2024-09 175.6M2024-12 180.9M2025-03 184.5M2025-06 187.2M2025-09 189.5M2025-12 191.0M2026-03 192.5M2026-06 192.4M+16.0% over 8 periods

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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	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 YoY+69.4%	1.30B YoY+61.7%	804M YoY+20.6%	667M
Cost of revenue	194M YoY+57.1%	124M YoY+11.3%	111M YoY+5.9%	105M
Research & development	783M YoY-16.3%	935M YoY+113.3%	438M YoY+20.0%	365M
Selling, general & administrative	279M YoY-38.1%	451M YoY+174.2%	165M YoY+14.5%	144M
General & administrative	279M YoY-38.1%	451M YoY+174.2%	165M YoY+14.5%	144M
Selling & marketing	504M YoY+43.7%	351M YoY+52.3%	230M YoY+2.3%	225M
Amortization of intangibles	—	9.20M YoY+2.2%	9.00M	0.00
Operating income	442M YoY+178.8%	-561M YoY-299.9%	-140M YoY+18.6%	-172M
Other non-operating income	86.7M YoY+15.1%	75.4M YoY+41.8%	53.1M YoY+273.3%	14.2M
Pre-tax income	529M YoY+209.0%	-485M YoY-457.6%	-87.0M YoY+44.9%	-158M
Income tax	-1.03M YoY-10.7%	-931K YoY-124.5%	3.80M YoY+511.1%	622K
Net income	530M YoY+209.4%	-484M YoY-433.2%	-90.8M YoY+42.7%	-159M
	$2.62 YoY+178.7%	-$3.33 YoY-116.2%	-$1.54 YoY+44.4%	-$2.77
EPS (basic)	$2.84 YoY+185.3%	-$3.33 YoY-116.2%	-$1.54 YoY+44.4%	-$2.77
	186M YoY+28.1%	145M YoY+146.0%	59.1M YoY+3.3%	57.3M
	202M YoY+38.9%	145M YoY+146.0%	59.1M YoY+3.3%	57.3M
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
	3.14B YoY+41.0%	2.22B YoY+50.3%	1.48B	—
Cash & equivalents	954M YoY+69.6%	562M YoY+40.1%	401M YoY-7.9%	436M
Accounts receivable	590M YoY+68.8%	350M YoY+42.5%	245M	—
Prepaid expenses	69.0M YoY+108.8%	33.1M YoY+55.3%	21.3M	—
Other current assets	—	2.28M YoY+43.4%	1.59M	—
	3.24B YoY+38.6%	2.34B YoY+46.4%	1.60B	—
Property, plant & equipment	12.7M YoY+0.5%	12.7M YoY-15.3%	14.9M	—
Operating lease right-of-use	20.8M YoY-10.6%	23.2M YoY-3.2%	24.0M	—
Goodwill	42.2M YoY+0.0%	42.2M YoY+60.4%	26.3M	—
Intangible assets	15.5M YoY-39.0%	25.4M YoY-20.9%	32.1M	—
Other non-current assets	12.0M YoY+23.7%	9.70M YoY-50.0%	19.4M	—
	271M YoY+54.1%	176M YoY+31.8%	134M	—
Accounts payable	62.9M YoY+38.5%	45.4M YoY-2.3%	46.5M	—
Accrued liabilities	201M YoY+61.8%	124M YoY+49.3%	83.3M	—
Deferred revenue	18.0M YoY+21.8%	14.8M YoY+104.2%	7.25M	—
Current lease liability	7.02M YoY+14.4%	6.14M YoY+65.6%	3.71M	—
Other current liabilities	16.4M YoY+119.2%	7.46M YoY+172.8%	2.73M	—
	310M YoY+50.7%	206M YoY+32.0%	156M	—
Non-current lease liability	16.2M YoY-21.3%	20.6M YoY-6.7%	22.0M	—
Operating lease liability (total)	23.2M YoY-13.1%	26.7M	—	—
Other non-current liabilities	22.7M YoY+144.8%	9.26M YoY+3125.4%	287K	—
	2.93B YoY+37.5%	2.13B YoY+616.0%	-413M YoY-8.9%	-379M
Preferred stock	0.00	0.00	0.00	—
Additional paid-in capital	3.60B YoY+7.9%	3.33B YoY+1000.2%	303M	—
Retained earnings	-671M YoY+44.1%	-1.20B YoY-67.6%	-717M	—
Accumulated other comprehensive income	4.36M YoY+18083.3%	24.0K YoY-97.1%	814K	—
Total liabilities & equity	3.24B YoY+38.6%	2.34B YoY+46.4%	1.60B	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
	691M YoY+211.1%	222M YoY+395.6%	-75.1M YoY+20.1%	-94.0M
Depreciation & amortization	15.9M YoY+1.9%	15.6M YoY+14.2%	13.7M YoY+71.3%	8.00M
Intangible amortization	—	9.20M YoY+2.2%	9.00M	0.00
Share-based compensation	343M YoY-57.2%	802M YoY+1584.2%	47.6M YoY-13.9%	55.3M
Deferred income taxes	-4.63M YoY-118.8%	-2.12M YoY-2250.0%	-90.0K YoY+95.7%	-2.08M
Change in receivables	241M YoY+131.4%	104M YoY+95.6%	53.3M YoY+76.4%	30.2M
Change in payables	18.2M YoY+3287.0%	-570K YoY-104.6%	12.5M YoY+14.4%	10.9M
	-219M YoY+50.3%	-441M YoY-1167.3%	41.3M YoY+105.1%	-804M
Capital expenditure	6.71M YoY+7.3%	6.25M YoY-35.7%	9.72M YoY+56.0%	6.23M
Free cash flow	684M YoY+217.0%	216M YoY+354.4%	-84.8M YoY+15.4%	-100M
Acquisitions	0.00 YoY-100.0%	17.1M	0.00 YoY-100.0%	42.2M
Sales/maturities of investments	2.07B YoY+31.3%	1.57B YoY+23.6%	1.27B YoY+88.8%	674M
Other investing activities	-3.01M YoY+48.3%	-5.82M YoY-3284.3%	-172K YoY-368.8%	64.0K
	-80.6M YoY-121.2%	380M YoY+46898.4%	-811K YoY+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 YoY+73.7%	-6.11M YoY-75.7%	-3.48M YoY-240.3%	-1.02M
Net change in cash	391M YoY+143.2%	161M YoY+564.6%	-34.6M YoY+96.2%	-902M
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
Market cap	46.8B YoY+61.0%	29.0B	—	—
P/E	88.3×	—	—	—
P/S	21.2× YoY-4.9%	22.3×	—	—
P/B	16.0× YoY+17.1%	13.6×	—	—
P/FCF	68.4× YoY-49.2%	134.6×	—	—
	1.1%	—	—	—
	1.5% YoY+96.9%	0.74%	—	—
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.