Reddit, Inc. (RDDT) Stock Analysis
Communication Services · Internet Content & Information · NYSE
Reddit, Inc. (RDDT) posted $2.20B in revenue for fiscal 2025 (up 69.4% year over year), at a 24.1% net margin, and has compounded revenue about 48.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Reddit, Inc.
Reddit, Inc. has grown revenue from $666.70M to $2.20B over the last 4 fiscal years, compounding about 48.9% a year. The most recent year was up 69.4%, so growth is actually accelerating.
Net margin sits at 24.1%, up 61.3 points year over year on a 91.2% gross margin.
At today's valuation the market is pricing in roughly 19.6% annual free-cash-flow growth. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Reddit, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Reddit, Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $666.70M | $804.03M | $1.30B | $2.20B |
| Gross profit | $561.90M | $693.02M | $1.18B | $2.01B |
| Net income | $-158.55M | $-90.82M | $-484.28M | $529.72M |
| Net margin | -23.8% | -11.3% | -37.2% | 24.1% |
Source: Reddit, Inc. SEC filings (10-K).
Reddit, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 20.1% over 3 years (159M → 190.9M) — existing holders' stakes are being diluted.
What growth is priced into RDDT stock?
At today's market cap of $32.72B, Reddit, Inc. is priced for free-cash-flow growth of about 19.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $684.17M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Reddit, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Reddit, Inc. financial history by metric
Compare Reddit, Inc. with peers
About Reddit, Inc.
Reddit, Inc. operates a digital community in the United States and internationally. The company's platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging. It also organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. Reddit, Inc. was founded in 2005 and is headquartered in San Francisco, California.
Reddit, Inc. — frequently asked questions
What is Reddit, Inc.'s revenue?
Reddit, Inc. (RDDT) reported revenue of $2.20B for fiscal year 2025, up 69.4% from the prior year, according to its SEC filings.
Is Reddit, Inc. profitable?
Yes. RDDT earned net income of $529.72M in fiscal 2025, a net margin of 24.1%.
What is RDDT's P/E ratio?
Reddit, Inc. trades at a price-to-earnings ratio of about 48.6 based on the latest data in our nightly-refreshed cache.
How fast is Reddit, Inc. growing?
RDDT's revenue grew at roughly 48.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Reddit, Inc. have?
As of fiscal year 2025, RDDT carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Reddit, Inc.'s gross margin?
RDDT's gross margin was 91.2% in fiscal 2025 — gross profit of $2.01B on revenue of $2.20B.
What is Reddit, Inc.'s market cap?
Reddit, Inc. (RDDT) has a market capitalization of about $32.72B, based on the latest data in our nightly-refreshed cache.
When does Reddit, Inc.'s fiscal year end?
RDDT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into RDDT stock?
At today's market cap of $32.72B, Reddit, Inc. is priced for free-cash-flow growth of about 19.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $684.17M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Reddit, Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.