Reddit (RDDT) Q4 FY2025 earnings: revenue $726 million, up 69.7% on the year
Reddit, Inc. (RDDT) reported revenue of $726 million for Q4 FY2025, the quarter ended 31 December 2025, up 69.7% on the same quarter a year earlier. Net income was $252 million, up 254.2% on the year, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2026.
Revenue
$726 million
+69.7% on the year · +24.1% on the quarter
Q1 FY2024Q4 FY2025
Operating margin
31.9%
12.4% a year earlier
Q1 FY2024Q4 FY2025
Net income
$252 million
+254.2% on the year · +54.7% on the quarter
Q1 FY2024Q4 FY2025
Diluted EPS
$1.24
+244.4% on the year · +55.0% on the quarter
Q1 FY2024Q4 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 new.
Advertising drove most of growth: Total fourth-quarter revenue was $726 million. Advertising revenue reached $690 million and other revenue was $36 million.
Daily and weekly users grew: Average daily unique users reached 121.4 million, up 19%. Weekly unique users reached 471.6 million, up 24%.
Ad growth from impressions and pricing: Advertising revenue growth came from higher impressions and pricing. Management said 11 of the top-15 industry verticals grew over 50%.
$ million except per share. Read moreFourth quarters are the year less the first three 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
$ million
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
267
185
90.0
+44.1%
+196.5%
Capital expenditure
3.2
2.1
0.8
+53.7%
+275.8%
Free cash flow
264
183
89.2
+44.0%
+195.7%
Free cash flow margin
36.3%
31.3%
20.8%
Cash from investing
-206
16.5
-43.1
Cash from financing
-19.1
-24.1
-0.7
Depreciation and amortisation
4.2
3.9
4.2
+6.4%
-0.2%
Share-based compensation
85.2
83.5
85.1
+2.0%
+0.1%
Buybacks
n/a
0.0
n/a
Diluted shares, weighted
203m
203m
199m
+0.1%
+1.9%
Shares outstanding at period end
191m
189m
181m
+0.8%
+5.6%
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
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
2,929
2,611
2,131
+12.2%
+37.5%
Redeemable equity
0.0
0.0
0.0
Debt
0.0
0.0
0.0
Operating lease liabilities
16.2
18.2
20.6
-10.9%
-21.3%
Other liabilities
294
248
185
+18.7%
+58.6%
Total liabilities and equity
3,239
2,876
2,337
+12.6%
+38.6%
Fixed assets
12.7
12.9
12.7
-1.7%
+0.5%
Goodwill
42.2
42.2
42.2
0.0%
0.0%
Intangible assets
15.5
18.0
25.4
-13.8%
-39.0%
Investments
1,523
1,314
1,279
+15.9%
+19.1%
Cash and equivalents
954
912
562
+4.6%
+69.6%
Receivables
590
488
350
+21.0%
+68.8%
Other assets
102
89.8
66.0
+13.3%
+54.2%
Total assets
3,239
2,876
2,337
+12.6%
+38.6%
Questions
What was Reddit's revenue in Q4 FY2025?
Reddit (RDDT) reported revenue of $726 million for Q4 FY2025, the quarter ended 31 December 2025, up 69.7% on the same quarter a year earlier.
How much did Reddit earn in Q4 FY2025?
Net income for Q4 FY2025 was $252 million, up 254.2% on the year, and diluted earnings per share $1.24.
When did Reddit report Q4 FY2025 results?
Reddit filed its 10-K for the year that ended with the quarter on 6 February 2026; the fourth quarter is the year less the first three.
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-K for the period ended 31 December 2025, filed 6 February 2026: the filing.