Reddit, Inc.
Reddit, Inc. (RDDT) Financial Performance & Income Statement Overview
Explore the financials of Reddit, Inc. (RDDT), including yearly and quarterly data on income, cash flow, and balance sheets.
Reddit, Inc. (RDDT) Income Statement & Financial Overview
Explore comprehensive income reports for Reddit, Inc. RDDT, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $392.36M | $427.71M | $348.35M | $281.18M |
| Cost of Revenue | $37.09M | $28.10M | $34.63M | $29.50M |
| Gross Profit | $355.27M | $399.61M | $313.72M | $251.68M |
| Gross Profit Ratio | $0.91 | $0.93 | $0.90 | $0.90 |
| R&D Expenses | $191.27M | $190.82M | $166.70M | $142.78M |
| SG&A Expenses | $160.10M | $154.35M | $140.16M | $139.94M |
| Operating Expenses | $351.37M | $346.73M | $306.86M | $282.72M |
| Total Costs & Expenses | $388.46M | $374.83M | $341.50M | $312.22M |
| Interest Income | $0.00 | -$15.45M | $0.00 | $0.00 |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $0.00 | -$11.48M | $3.97M | $3.77M |
| EBITDA | $3.90M | $45.36M | $6.85M | -$27.27M |
| EBITDA Ratio | $0.010 | $0.11 | $0.02 | -$0.10 |
| Operating Income | $3.90M | $52.87M | $6.85M | -$31.04M |
| Operating Income Ratio | $0.010 | $0.12 | $0.02 | -$0.11 |
| Other Income/Expenses (Net) | $20.53M | $17.11M | $22.97M | $20.72M |
| Income Before Tax | $24.44M | $69.99M | $29.82M | -$10.31M |
| Income Before Tax Ratio | $0.06 | $0.16 | $0.09 | -$0.04 |
| Income Tax Expense | -$1.72M | -$1.05M | -$31000.00 | -$216000.00 |
| Net Income | $26.16M | $71.04M | $29.85M | -$10.10M |
| Net Income Ratio | $0.07 | $0.17 | $0.09 | -$0.04 |
| EPS | $0.14 | $0.39 | $0.17 | -$0.06 |
| Diluted EPS | $0.14 | $0.39 | $0.17 | -$0.06 |
| Weighted Avg Shares Outstanding | $184.27M | $180.32M | $174.15M | $165.63M |
| Weighted Avg Shares Outstanding (Diluted) | $184.27M | $180.32M | $174.15M | $165.63M |
Over the last four quarters, Reddit, Inc. achieved steady financial progress, growing revenue from $281.18M in Q2 2024 to $392.36M in Q1 2025. Gross profit stayed firm with margins at 91% in Q1 2025 versus 90% in Q2 2024. Operating income totaled $3.90M in Q1 2025, maintaining a 1% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $3.90M. Net income dropped to $26.16M, with EPS at $0.14. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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