Operating Expenses

Total Operating Expenses

Reddit Total Operating Expenses decreased by 2.7% to $480.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.7%, from $388.46M to $480.50M. Over 3 years (FY 2022 to FY 2025), Total Operating Expenses shows an upward trend with a 28.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026

How to read this metric

An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.

Detailed definition

Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...

Peer comparison

Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.

Metric ID: total_operating_expenses

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$209.72M$209.72M$209.72M$209.72M$234.34M$236.02M$227.09M$246.74M$832.22M$312.22M$341.50M$374.84M$388.46M$431.92M$446.37M$493.78M$480.50M
QoQ Change+0.0%+0.0%+0.0%+11.7%+0.7%-3.8%+8.6%+237.3%-62.5%+9.4%+9.8%+3.6%+11.2%+3.3%+10.6%-2.7%
YoY Change+11.7%+12.5%+8.3%+17.7%+255.1%+32.3%+50.4%+51.9%-53.3%+38.3%+30.7%+31.7%+23.7%
Range$209.72M$832.22M
CAGR+23.0%
Avg YoY Growth+39.3%
Median YoY Growth+30.7%

Business Segments

View all
SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment$351.37M$386.02M$393.86M$435.06M$424.23M
Total$388.46M$431.92M$446.37M$493.78M$480.50M

Frequently Asked Questions

What is Reddit's total operating expenses?
Reddit (RDDT) reported total operating expenses of $480.50M in Q1 2026.
How has Reddit's total operating expenses changed year-over-year?
Reddit's total operating expenses increased by 23.7% year-over-year, from $388.46M to $480.50M.
What is the long-term trend for Reddit's total operating expenses?
Over 3 years (2022 to 2025), Reddit's total operating expenses has grown at a 28.0% compound annual growth rate (CAGR), from $838.86M to $1.76B.
What does total operating expenses mean?
The total cost of running the business, including all non-production expenses.