Reddit (RDDT) Q3 FY2025 earnings: revenue $585 million, up 67.9% on the year
Reddit, Inc. (RDDT) reported revenue of $585 million for Q3 FY2025, the quarter ended 30 September 2025, up 67.9% on the same quarter a year earlier. Net income was $163 million, up 444.9% on the year, and diluted earnings per share $0.80. The figures are the company's own, from the 10-Q it filed with the SEC on 31 October 2025.
Revenue
$585 million
+67.9% on the year · +17.1% on the quarter
Q4 FY2023Q3 FY2025
Operating margin
23.7%
2.0% a year earlier
Q4 FY2023Q3 FY2025
Net income
$163 million
+444.9% on the year · +82.2% on the quarter
Q4 FY2023Q3 FY2025
Diluted EPS
$0.80
+400.0% on the year · +77.8% on the quarter
Q4 FY2023Q3 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Revenue
585
500
348
+17.1%
+67.9%
Cost of revenue
52.5
45.9
34.6
+14.4%
+51.6%
Gross profit
532
454
314
+17.3%
+69.7%
Gross margin
91.0%
90.8%
90.1%
Research and development
196
197
167
-0.1%
+17.8%
Operating income
139
67.7
6.9
+104.6%
+1,921.3%
Operating margin
23.7%
13.6%
2.0%
Pre-tax income
161
88.9
29.8
+80.7%
+438.5%
Income tax
-2.1
-0.4
-0.0
Effective tax rate
-1.3%
-0.5%
-0.1%
Net income
163
89.3
29.9
+82.2%
+444.9%
Net margin
27.8%
17.9%
8.6%
Diluted EPS
$0.80
$0.45
$0.16
+77.8%
+400.0%
$ million except per share. Read moreFree 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
$ million
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
185
111
71.6
+66.3%
+158.5%
Capital expenditure
2.1
0.5
1.4
+307.5%
+52.1%
Free cash flow
183
111
70.3
+65.2%
+160.6%
Free cash flow margin
31.3%
22.2%
20.2%
Cash from investing
16.5
-2.1
7.9
+107.9%
Cash from financing
-24.1
-10.9
-31.6
Depreciation and amortisation
3.9
3.9
4.0
-0.9%
-1.7%
Share-based compensation
83.5
89.1
74.8
-6.2%
+11.7%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
203m
200m
192m
+1.6%
+5.4%
Shares outstanding at period end
189m
187m
n/a
+1.3%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
2,611
2,387
1,978
+9.4%
+32.0%
Redeemable equity
0.0
0.0
0.0
Debt
0.0
0.0
0.0
Operating lease liabilities
18.2
18.6
21.6
-2.4%
-15.8%
Other liabilities
248
227
173
+9.2%
+43.5%
Total liabilities and equity
2,876
2,632
2,172
+9.3%
+32.4%
Fixed assets
12.9
11.4
13.8
+13.5%
-6.1%
Goodwill
42.2
42.2
42.2
0.0%
0.0%
Intangible assets
18.0
20.5
27.9
-12.1%
-35.5%
Investments
1,314
1,326
1,229
-0.9%
+6.9%
Cash and equivalents
912
734
516
+24.2%
+76.7%
Receivables
488
407
284
+19.7%
+71.8%
Other assets
89.8
91.0
59.0
-1.3%
+52.2%
Total assets
2,876
2,632
2,172
+9.3%
+32.4%
Questions
What was Reddit's revenue in Q3 FY2025?
Reddit (RDDT) reported revenue of $585 million for Q3 FY2025, the quarter ended 30 September 2025, up 67.9% on the same quarter a year earlier.
How much did Reddit earn in Q3 FY2025?
Net income for Q3 FY2025 was $163 million, up 444.9% on the year, and diluted earnings per share $0.80.
When did Reddit report Q3 FY2025 results?
Reddit filed its 10-Q for the quarter ended 30 September 2025 with the SEC on 31 October 2025.
Each quarter as filed, linked to its filing. Read more* 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. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. 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.
10-Q for the period ended 30 September 2025, filed 31 October 2025: the filing.