Reddit, Inc. RDDT
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Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Rest of world
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $1.79B | $1.06B | $651.4M |
| Rest of world | $417.0M | $236.6M | $152.7M |
As the company reported it, from the “Revenue - Disaggregation of Revenue by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.20B | $1.30B | $804.0M | $666.7M | — |
| Cost of revenue | $194.2M | $123.6M | $111.0M | $104.8M | — |
| Gross profit | $2.01B | $1.18B | $693.0M | $561.9M | — |
| R&D | $783.1M | $935.2M | $438.3M | $365.2M | — |
| SG&A | $279.3M | $451.4M | $164.7M | $143.8M | — |
| Total operating expenses | $1.76B | $1.86B | $944.2M | $838.9M | — |
| Operating income | $442.0M | -$560.6M | -$140.2M | -$172.2M | — |
| Pre-tax income | $528.7M | -$485.2M | -$87.0M | -$157.9M | — |
| Income tax | $1.0M | $931.0K | $3.8M | $622.0K | — |
| Net income | $530.0M | -$484.0M | -$90.8M | -$158.6M | — |
| EPS, basic | 2.84 | -3.33 | -1.54 | -2.77 | — |
| EPS, diluted | 2.62 | -3.33 | -1.54 | -2.77 | — |
| Shares, diluted (wtd. avg.) | 202.1M | 145.5M | 59.1M | 57.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $953.6M | $562.1M | $401.2M | $435.9M | $1.34B |
| Short-term investments | $1.52B | $1.28B | $811.9M | — | — |
| Receivables | $590.2M | $349.5M | $245.3M | — | — |
| Total current assets | $3.14B | $2.22B | $1.48B | — | — |
| Property, plant and equipment | $12.7M | $12.7M | $14.9M | — | — |
| Goodwill | $42.2M | $42.2M | $26.3M | — | — |
| Other intangibles | $15.5M | $25.4M | $32.1M | — | — |
| Total assets | $3.24B | $2.34B | $1.60B | — | — |
| Accounts payable | $62.9M | $45.4M | $46.5M | — | — |
| Total current liabilities | $271.3M | $176.0M | $133.6M | — | — |
| Total liabilities | $310.1M | $205.8M | $155.9M | — | — |
| Retained earnings | -$671.1M | -$1.20B | -$716.6M | — | — |
| Total equity | $2.93B | $2.13B | -$412.9M | -$379.1M | -$286.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $690.9M | $222.1M | -$75.1M | -$94.0M | — |
| Depreciation and amortisation | $15.9M | $15.6M | $13.7M | $8.0M | — |
| Stock-based compensation | $343.2M | $801.6M | $47.6M | $55.3M | — |
| Capital expenditure | $6.7M | $6.2M | $9.7M | $6.2M | — |
| Investing cash flow | -$218.9M | -$440.7M | $41.3M | -$804.2M | — |
| Financing cash flow | -$80.6M | $379.5M | -$811.0K | -$3.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001713445-26-000060.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $666.7M | $804.0M | $1.30B | $2.20B |
| Gross profit | — | $561.9M | $693.0M | $1.18B | $2.01B |
| Net income | — | -$158.6M | -$90.8M | -$484.0M | $530.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7374
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ADP | AUTOMATIC DATA PROCESSING INC | $120.83B | 27.8x | 6.7% |
| WDAY | Workday, Inc. | $51.49B | 81.1x | 13.1% |
| VRSK | Verisk Analytics, Inc. | $25.66B | 30.2x | 6.6% |
| TOST | Toast, Inc. | $18.91B | 58.4x | 24.1% |
| HNGE | Hinge Health, Inc. | $8.81B | — | 50.6% |
| RNG | RingCentral, Inc. | $7.01B | 173.7x | 4.8% |
| PEGA | PEGASYSTEMS INC | $5.99B | 17.1x | 16.6% |
| APLD | Applied Digital Corp. | $5.32B | — | 167.5% |