Reddit, Inc. (RDDT)

Last Price$124.98.0%

Market Cap$24.9B

LTM Revenue

$1,300.2M

+61.7% YoY

LTM Net Income

($484.3M)

+433.2% YoY

LTM Net Debt

($1,814.1M)

Net Debt to FCF - (8.4x)

LTM Free Cash Flow (FCF)

$215.8M

16.6% margin

RDDT Income Statement

RDDT Income Statement Overview

Annual

Quarterly

LTM

Dec'20

Dec'21

Dec'22

Dec'23

Dec'24

Revenue

$1,300.2M 61.7% YoY

Gross profit

$1,176.6M 69.8% YoY

90.5% margin

Cost of revenue

$123.6M 11.3% YoY

Operating expenses

$1,737.2M 108.5% YoY

Net income

$484.3M 433.2% YoY

(37.2%) margin

Other: $484.3M

R&D

$935.2M 113.3% YoY

71.9% of revenue

SG&A

$802.0M 103.1% YoY

61.7% of revenue

RDDT Income statement key metrics

Annual

Quarterly

LTM

Revenue

$1,300.2M +61.7% YoY

Operating Income

($560.6M) +299.9% YoY

Net Income

($484.3M) +433.2% YoY

RDDT Balance Sheet

RDDT Balance Sheet Overview

Annual

Quarterly

LTM

Dec'20

Dec'21

Dec'22

Dec'23

Dec'24

Assets

Liabilities

Total assets

$2,336.6M

Current assets ($2,223.4M, 95.2% of total)

Cash & ST investments

$1,840.8M (78.8%)

Accounts receivables

$349.5M (15.0%)

Other current assets

$33.1M (1.4%)

Non-current assets ($113.2M, 4.8% of total)

Long-term investments

$0.0 (0.0%)

Property, Plan and Equipment

$35.9M (1.5%)

Intangible assets

$25.4M (1.1%)

Other non-current assets

$51.9M (2.2%)

Financial position

Net Debt

($1,814.1M)

Cash & Short-term Investments

Total Debt

Quick ratio

12.4x

Net Debt to Free Cash Flow

(8.4x)

Debt to Equity ratio

1.3%

RDDT Balance Sheet Metrics

Annual

Quarterly

LTM

Assets

$2,336.6M +46.4% YoY

Liabilities

$205.8M +32.0% YoY

Shareholder's Equity

$2,130.7M +47.9% YoY

RDDT Cash Flow Statement

RDDT Cash Flow Statement Overview

Annual

Quarterly

LTM

Dec'20

Dec'21

Dec'22

Dec'23

Dec'24

$160.9M Net Change in Cash

RDDT Cash Flow Statement key metrics

Annual

Quarterly

LTM

Operating Cash Flow (OCF)

$222.1M N/A YoY

Capital Expenditure (CAPEX)

($6,248.0K) -35.7% YoY

Free Cash Flow (FCF)

$215.8M N/A YoY

RDDT Financials

USD

Millions

Billions

Annual

Quarterly

Trailing

Key stats

Income statement

Balance sheet

Cash Flow Statement

Valuation

Ratios

Per share

Per employee

Dividends & Yields

	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24
Revenue % growth	228.9 0.0%	484.9 111.8%	666.7 37.5%	804.0 20.6%	1,300.2 61.7%
Cost of Goods Sold (COGS)	55.0	72.6	104.8	111.0	123.6
Gross Profit % margin	173.9 76.0%	412.4 85.0%	561.9 84.3%	693.0 86.2%	1,176.6 90.5%
Operating Expenses	233.0	539.9	719.8	833.2	1,737.2
Research & Development Expenses (R&D)	117.5	257.3	365.2	438.3	935.2
Selling, General & Administrative Expenses (SG&A)	118.9	282.6	368.9	394.8	802.0
Operating Income % margin	(62.6) (27.3%)	(127.2) (26.2%)	(172.2) (25.8%)	(140.2) (17.4%)	(560.6) (43.1%)
Interest Income	0.0	0.0	0.0	0.0	0.0
Interest Expense	0.0	0.0	0.0	0.0	0.0
Pre-tax Income	(59.1)	(127.6)	(157.9)	(87.0)	(485.2)
Income Tax % effective tax rate	0.1 (0.2%)	0.3 (0.3%)	0.6 (0.4%)	3.8 (4.4%)	(0.9) 0.2%
Net Income % margin	(59.2) (25.9%)	(127.9) (26.4%)	(158.6) (23.8%)	(90.8) (11.3%)	(484.3) (37.2%)
EPS	(0.61)	(1.24)	(1.38)	(0.77)	(3.33)
Diluted EPS	(0.61)	(1.24)	(1.38)	(0.77)	(3.33)
EBITDA % margin	(60.6) (26.5%)	(124.4) (25.7%)	(164.2) (24.6%)	(126.5) (15.7%)	(560.6) (43.1%)

FAQ

What is the Reddit, Inc. (RDDT) revenue?

The Reddit, Inc. (RDDT) revenue is $1,300.2M, reflecting a year-over-year (YoY) growth of +61.7% YoY.

What is the Reddit, Inc. (RDDT) Net Income?

The Reddit, Inc. (RDDT) Net Income is ($484.3M), showcasing a YoY growth of +433.2% YoY.

What is Reddit, Inc. (RDDT) net debt?

The Reddit, Inc. (RDDT) has a net debt of ($1,814.1M), with a Net Debt-to-Free Cash Flow (FCF) ratio of (8.4x).

What is the Reddit, Inc. (RDDT) Free Cash Flow (FCF)?

The Reddit, Inc. (RDDT) Free Cash Flow (FCF) stands at $215.8M, accounting for a 16.6% margin.