The story
Founded by Aaron Swartz and Alexis Ohanian on Jun 2005.1
RDDT on NYSE
Reddit Inc.
American company that operates Reddit.1
Price unavailable
Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
20.1%Operating margin3
24.1%Net margin3
69.4%Revenue growth, 20253
18.1%Return on equity3
$684.2MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Advertising brought in 94% of the revenue Reddit Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Advertising | $788.8M | $1.2B | $2.1B |
| Other Revenue | $15.2M | $114.7M | $140.0M |
Regions
United States brought in 81% of the revenue Reddit Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $651.4M | $1.1B | $1.8B |
| Outside the United States | $152.7M | $236.6M | $417.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue9¢$194.2M
- Research and development36¢$783.1M
- Other costs32¢$694.4M
- Income tax0¢$1.0M
- Profit24¢$529.7M
Out of $2.2B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$6.7M
- Kept or used elsewhere99¢$684.2M
Out of $690.9M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $2.2B | $1.3B | $804.0M |
| Cost of revenue | $194.2M | $123.6M | $111.0M |
| Research and development | $783.1M | $935.2M | $438.3M |
| Sales and marketing | $503.9M | $350.6M | $230.2M |
| General and administrative | $279.3M | $451.4M | $164.7M |
| Total costs and expenses | $1.8B | $1.9B | $944.2M |
| Income (loss) from operations | $442.0M | -$560.6M | -$140.2M |
| Other income (expense), net | $86.7M | $75.4M | $53.1M |
| Income (loss) before income taxes | $528.7M | -$485.2M | -$87.0M |
| Income tax expense (benefit) | -$1.0M | -$931.0K | $3.8M |
| Net income (loss) | $529.7M | -$484.3M | -$90.8M |
| Basic (in dollars per share) | $2.84 | -$3.33 | -$1.54 |
| Diluted (in dollars per share) | $2.62 | -$3.33 | -$1.54 |
| Basic (in shares) | 186.4M shares | 145.5M shares | 59.1M shares |
| Diluted (in shares) | 202.1M shares | 145.5M shares | 59.1M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2024-03-31 |
|---|---|---|---|
| Cash and cash equivalents | $953.6M | $562.1M | |
| Marketable securities | $1.5B | $1.3B | |
| Accounts receivable, net | $590.2M | $349.5M | |
| Prepaid expenses and other current assets | $69.0M | $33.1M | |
| Total current assets | $3.1B | $2.2B | |
| Property and equipment, net | $12.7M | $12.7M | |
| Operating lease right-of-use assets, net | $20.8M | $23.2M | |
| Intangible assets, net | $15.5M | $25.4M | |
| Goodwill | $42.2M | $42.2M | |
| Other noncurrent assets | $12.0M | $9.7M | |
| Total assets | $3.2B | $2.3B | |
| Accounts payable | $62.9M | $45.4M | |
| Operating lease liabilities | $7.0M | $6.1M | |
| Accrued expenses and other current liabilities | $201.3M | $124.5M | |
| Total current liabilities | $271.3M | $176.0M | |
| Operating lease liabilities, noncurrent | $16.2M | $20.6M | |
| Other noncurrent liabilities | $22.7M | $9.3M | |
| Total liabilities | $310.1M | $205.8M | |
| Preferred stock, par value $0.0001 per share; 100,000,000 authorized as of December 31, 2025 and 2024; no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |
| Additional paid-in capital | $3.6B | $3.3B | |
| Accumulated other comprehensive income (loss) | $4.4M | $24.0K | |
| Accumulated deficit | -$671.1M | -$1.2B | |
| Total stockholders equity (deficit) | $2.9B | $2.1B | |
| Total liabilities and stockholders equity (deficit) | $3.2B | $2.3B | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | 100.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $529.7M | -$484.3M | -$90.8M |
| Depreciation and amortization | $15.9M | $15.6M | $13.7M |
| Non-cash operating lease cost | $6.2M | $4.1M | $11.4M |
| Amortization of premium (accretion of discount) on marketable securities, net | -$28.2M | -$43.4M | -$27.4M |
| Stock-based compensation expense | $343.2M | $801.6M | $47.6M |
| Other adjustments | $848.0K | -$4.2M | $484.0K |
| Accounts receivable | -$241.4M | -$104.3M | -$53.3M |
| Prepaid expenses and other assets | -$37.1M | -$19.5M | $3.9M |
| Operating lease right-of-use assets and liabilities | -$7.2M | -$2.4M | -$5.8M |
| Accounts payable | $18.2M | -$570.0K | $12.5M |
| Accrued expenses and other liabilities | $90.7M | $59.3M | $12.7M |
| Net cash provided by (used in) operating activities | $690.9M | $222.1M | -$75.1M |
| Purchases of property and equipment | -$6.7M | -$6.2M | -$9.7M |
| Purchases of marketable securities | -$2.3B | -$2.0B | -$1.3B |
| Maturities of marketable securities | $2.1B | $1.6B | $1.3B |
| Proceeds from sale of marketable securities | $17.2M | $0 | $37.5M |
| Cash paid for acquisitions, net of cash acquired | $0 | -$17.1M | $0 |
| Other investing activities | $3.0M | $5.8M | $172.0K |
| Net cash provided by (used in) investing activities | -$218.9M | -$440.7M | $41.3M |
| Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions | $0 | $600.0M | $0 |
| Proceeds from exercise of employee stock options | $25.1M | $89.0M | $8.4M |
| Taxes paid related to net share settlement of restricted stock units | -$104.0M | -$294.6M | -$4.3M |
| Payments of initial public offering costs | $0 | -$8.8M | -$1.4M |
| Other financing activities | -$1.6M | -$6.1M | -$3.5M |
| Net cash provided by (used in) financing activities | -$80.6M | $379.5M | -$811.0K |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $391.4M | $160.9M | -$34.6M |
| Conversion of convertible preferred stock to common stock upon initial public offering | $0 | $1.9B | $0 |
| Reclassification of deferred offering costs to additional paid-in capital upon initial public offering | $0 | $23.8M | $0 |
Leadership
Who has led Reddit Inc., and when. Pick a name to see everywhere that person has worked.
- FounderAaron Swartz1
- FounderAlexis Ohanian1
- Chief executive officerSteve Huffman1
Products and brands
Listed on Wikidata.1
Subsidiaries and ownership
Also owns
- Reddit Public Access Network
- RedditGifts since Aug 2011
- Alien Blue since Oct 15, 2014
Former owners and parents
- Condé Nast Oct 2006 to 2011
From Wikidata.1
Acquisitions
Former names
- Reddit, Inc.Jul 31, 2017 to Oct 7, 20264
Timeline
Recent filings
- Oct 7, 20264
- Oct 7, 20264
- Oct 7, 20264
- Oct 7, 20264
- Oct 7, 20264
- Oct 7, 20264
- Oct 1, 20264
- Sep 21, 20263
- Sep 17, 20264
- Sep 16, 20264
- Sep 15, 2026144
- Sep 2, 20264
- Aug 31, 2026144
- Aug 27, 20264
- Aug 25, 2026144
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.redditinc.com1
- LinkedInwww.linkedin.com/company/reddit-com1
- WikidataQ111759432
- SEC EDGARCIK 1713445
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataReddit Inc. on Wikidata
- 2SEC EDGARReddit Inc. filings on SEC EDGAR
- 3SEC EDGARReddit Inc. 10-K for fiscal 2025
- 4SEC EDGARReddit Inc. filings on SEC EDGAR
- 5SEC EDGARReddit Inc. 10-K for fiscal 2022
- 6SEC EDGARReddit Inc. 10-Q for fiscal 2025
- 7SEC EDGARReddit Inc. 10-Q for fiscal 2025
- 8SEC EDGARReddit Inc. 10-Q for fiscal 2026
- 9SEC EDGARReddit Inc. 10-Q for fiscal 2025