YOLFTbeta
Reddit, Inc.

Reddit, Inc.

RDDT · NYSE · Communication Services / Internet Content & Information

98.45USD-1.10 (-1.10%)

Price History

Full chart

Market Stats

Previous Close99.55
Open98.75
Day Range97.98 – 100.59
52-Week Range89.28 – 263.50
Volume3.20M
Market Cap19.46B
P/E (TTM)20.57
Forward P/E14.53
EPS4.90
Dividend Yield0.00%
Beta2.27
50-Day Avg144.37
200-Day Avg156.21

About

Reddit, Inc. operates a digital community in the United States and internationally. The company's platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging. It also organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. Reddit, Inc. was founded in 2005 and is headquartered in San Francisco, California.

Company Details

  • SectorCommunication Services
  • IndustryInternet Content & Information
  • CEOMr. Steven Ladd Huffman
  • Employees2.56K
  • HeadquartersSouth Tower, San Francisco, CA, United States, 94107, USA
  • Websitehttps://redditinc.com

Leadership

  • Mr. Steven Ladd HuffmanCo-Founder, CEO, President & Director · b. 1984
  • Mr. Andrew VolleroChief Financial Officer · b. 1967
  • Ms. Jennifer L. WongChief Operating Officer · b. 1976
  • Ms. Michelle ReynoldsChief Accounting Officer · b. 1983
  • Mr. Amit PuntambekarChief Technology Officer
  • Jesse RoseHead of Investor Relations
  • Mr. Paul T. Cappuccio J.D.Chief Legal Officer & Corporate Secretary · b. 1962
  • Mr. Adam CollinsChief Communications Officer
  • Mr. Jim SquiresChief Marketing Officer
  • Ms. Nellie PeshkovChief People Officer

Financials

Income Statement

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue228.91M484.92M666.70M804.03M1.30B2.20B
Growth (%)-+111.84%+37.49%+20.60%+61.71%+69.40%
Cost of Revenue55.03M72.56M104.80M111.01M123.59M194.22M
Gross Profit173.88M412.35M561.90M693.02M1.18B2.01B
Gross Margin75.96%85.04%84.28%86.19%90.49%91.18%
Operating Expense236.44M539.56M734.06M833.18M1.74B1.57B
Operating Income-62.56M-127.21M-172.16M-140.16M-560.57M441.98M
Operating Margin-27.33%-26.23%-25.82%-17.43%-43.11%20.07%
EBITDA-57.14M-124.74M-149.93M-73.32M-469.56M544.64M
EBITDA Margin-24.96%-25.72%-22.49%-9.12%-36.11%24.73%
Net Income-59.17M-127.90M-158.55M-90.82M-484.28M529.72M
Net Income Margin-25.85%-26.37%-23.78%-11.30%-37.25%24.05%
R&D117.53M256.98M365.16M438.35M935.15M783.14M
R&D as % of Total Revenue51.34%52.99%54.77%54.52%71.92%35.56%

Balance Sheet

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets524.14M1.65B1.60B1.60B2.34B3.24B
Total Liabilities65.01M77.63M125.28M2.01B205.85M310.13M
Total Equity459.13M1.57B1.47B-412.92M2.13B2.93B
Cash111.95M1.34B435.81M401.18M562.09M953.57M
Total Debt19.93M13.46M19.49M25.75M26.70M23.21M
Net Debt-92.02M-1.32B-416.32M-375.43M-535.39M-930.36M

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-61.84M-130.19M-94.02M-75.11M222.07M690.88M
Investing Cash Flow81.18M170.68M-804.18M41.29M-440.69M-218.89M
Financing Cash Flow8.33M1.18B-3.78M-811.00K379.54M-80.56M
Capital Expenditure3.05M2.30M6.23M9.72M6.25M6.71M
Free Cash Flow-64.89M-132.49M-100.25M-84.84M215.82M684.17M
FCF to OCF104.93%101.77%106.63%112.95%97.19%99.03%

Earnings

Report DateFeb 28, 2024May 7, 2024Aug 6, 2024Oct 29, 2024Feb 12, 2025May 1, 2025Jul 31, 2025Oct 30, 2025Feb 5, 2026Apr 30, 2026Jul 30, 2026Oct 29, 2026
EPS Estimate0.00-8.720.130.410.250.010.191.051.451.110.991.31
EPS Actual0.21-8.190.340.590.360.130.921.261.681.401.251.40
Surprise-6.08%161.54%43.90%44.00%1200.00%384.21%20.00%15.86%26.13%26.26%6.87%
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap19.46B
Enterprise Value15.36B
Trailing P/E20.57
Forward P/E14.53
PEG Ratio0.46
Price / Sales6.30
Price / Book5.13
EPS4.90
Book Value18.55
Revenue (TTM)3.09B
Gross Profit (TTM)2.83B
EBITDA924.92M
Profit Margin32.11%
Operating Margin29.23%
Return on Equity32.03%
Return on Assets16.60%
Shares Outstanding146.94M
Shares Float141.36M
Beta2.27
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 32 analystsTarget 151.05
  • Strong Buy
    11
  • Buy
    5
  • Hold
    15
  • Strong Sell
    1

Ownership Breakdown

Institutions
94.45%
Insiders
0.65%
Retail / Other
4.90%

Top Institutional Holders

  • BlackRock Inc
    8.00M4.15%
  • Baillie Gifford & Co Limited.
    7.19M3.72%
  • Vanguard Portfolio Management, LLC
    6.94M3.59%
  • Vanguard Capital Management, LLC
    6.04M3.13%
  • Capital World Investors
    4.43M2.30%
  • AllianceBernstein L.P.
    4.17M2.16%
  • Jericho Capital Asset Management LP
    3.34M1.73%
  • The Goldman Sachs Group Inc
    3.24M1.68%
  • State Street Corp
    2.98M1.54%
  • FMR Inc
    2.83M1.47%
  • Coatue Management LLC
    2.79M1.44%
  • T. Rowe Price Investment Management,Inc.
    2.59M1.34%
  • Tiger Technology Management LLC
    2.53M1.31%
  • Geode Capital Management, LLC
    2.49M1.29%
  • D1 Capital Partners L.P.
    2.46M1.28%

Top Fund Holders

  • State Street® CommServSelSectSPDR®ETF
    4.61M2.39%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.41M2.28%
  • American Funds Growth Fd of Amer A
    3.86M2.00%
  • Vanguard 500 Index Investor
    3.84M1.99%
  • Vanguard MStar Mid Cap Index Instl
    2.97M1.54%