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Stocks / United States / RDDT · Services-Computer Processing & Data Preparation · NYSE

Reddit, Inc. (RDDT)

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Reddit, Inc. (RDDT) reported revenue of $805 million for Q2 FY2026, the quarter ended 30 June 2026, up 61.1% on the same quarter a year earlier. Net income was $253 million, up 183.2% on the year, and diluted earnings per share $1.25. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$805 millionup 61.1%
Net income$253 millionup 183.2%
Diluted EPS$1.25
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE26.5%
ROCE23.9%
Operating margin28.2%
Net margin31.3%
FCF margin36.7%
Interest covern/a
Debt to equityn/a
Cash conversion1.18
Share count, 1 yearn/a
Sales CAGR, 3 years48.9%
Profit CAGR, 3 yearsn/a
EPS, TTM$4.30

At the close of 21 September 2026

Price$158.73
Market cap$32.1 billion
Stock P/E36.91
Price to book9.76
EV / EBITDA38.15
Dividend yieldn/a
Market cap / sales11.54
52-week high$258.93
52-week low$121.84
Price, 1 year-40.0%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Nothing here is a valuation or a view.

Price, 21 March 2024 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RDDT

Filings14 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 officer or director change; 1 shareholder vote; 1 other events
Planned insider sales25 Form 144 notices in twelve months, $248.9 million; latest 15 September 2026
Options tapeput/call 0.85 by open interest on 23 September 2026; the straddle prices a 4.6% move to 25 September 2026
Holders15 of the followed funds hold it; largest Baillie Gifford; 10 Schedule 13D or 13G filings in twelve months
Insider trading219 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest20.2 million shares short, 2.57 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue208250243281348428392500585726663805
Cost of revenue26.428.927.629.534.631.837.145.952.558.756.370.3
Gross profit181221215252314396355454532667607735
Gross margin87%88%89%90%90%93%91%91%91%92%92%91%
R&D108112437143167189191197196199207231
Operating income-19.63.0-589-31.06.952.93.967.7139232183232
Operating margin-9%1%-243%-11%2%12%1%14%24%32%28%29%
Pre-tax income-6.919.5-575-10.329.870.024.488.9161255206257
Tax raten/a5%n/an/a-0%-1%-7%-0%-1%1%1%2%
Net income-7.418.5-575-10.129.971.026.289.3163252204253
Net margin-4%7%-237%-4%9%17%7%18%28%35%31%31%
Diluted EPS-$0.13$0.34-$8.19-$0.06$0.16n/a$0.13$0.45$0.80$1.24$1.01$1.25
Operating cash flow-7.7-17.432.128.471.690.0128111185267312262
Capital expenditure3.94.62.91.21.40.81.00.52.13.21.11.1
Free cash flow-11.6-22.029.227.270.389.2127111183264311261
Buybacksn/an/an/an/an/an/a0.00.0n/an/a5.0235
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 4 fiscal years and the trailing twelve months

FY2022FY2023FY2024FY2025TTM
Revenue6678041,3002,2032,779
Cost of revenue105111124194238
Gross profit5626931,1772,0082,541
Gross margin84.3%86.2%90.5%91.2%91.4%
Research and development365438935783834
Operating income-172-140-561442785
Operating margin-25.8%-17.4%-43.1%20.1%28.2%
Pre-tax income-158-87.0-485529878
Income tax0.63.8-0.9-1.06.9
Effective tax raten/an/an/a-0.2%0.8%
Net income-159-90.8-484530871
Net margin-23.8%-11.3%-37.2%24.1%31.3%
Diluted EPS-$2.77-$1.54-$3.33$2.62$4.30
Filing10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2022FY2023FY2024FY2025TTM
Operating cash flow-94.0-75.12226911,026
Capital expenditure6.29.76.26.77.4
Free cash flow-100-84.82166841,019
Free cash flow margin-15.0%-10.6%16.6%31.1%36.7%
Depreciation and amortisation8.013.715.615.916.5
Share-based compensation55.347.6802343338
Diluted shares, weighted57m59m145m202m202m
Filing10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2022FY2023FY2024FY2025TTM
Total assetsn/a1,5962,3373,2393,637
Cash and equivalents4364015629541,487
Receivablesn/a245350590650
Goodwilln/a26.342.242.242.2
Operating lease liabilitiesn/a22.020.616.213.1
Shareholders' equity-379-4132,1312,9293,286
Filing10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a48.9%66.6%
Profit growth, compoundedn/an/an/a302.6%
Return on equity, averagen/an/a-2.3%18.1%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Services-Computer Processing & Data Preparation

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Automatic Data Processing Inc. ADP$107.4 billion24.6773.2%24.2%6.7%0.822.5%
Workday, Inc. WDAY$47.3 billion38.8519.4%10.7%13.3%0.46n/a
Reddit, Inc. RDDT$32.1 billion36.9126.5%28.2%66.6%n/an/a
Verisk Analytics, Inc. VRSK$22.5 billion26.22n/a44.0%5.9%n/a1.1%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 20261 May 2026EDGAR
10-K31 December 20256 February 2026EDGAR
10-Q30 September 202531 October 2025EDGAR
10-Q30 June 20251 August 2025EDGAR
10-Q31 March 20252 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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