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Reddit

RDDT

Reddit operates a global network of interest-based communities, known as subreddits, where users engage in authentic conversations, share content, and exchange knowledge.

Market cap
$37.6B+29.8%
Revenue$2.5B+70.6%
Net income$707.5M+234%
Free cash flow$868.7M+177%
EPS (diluted)$3.50+144%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$729.2M
EPS estimate$0.99

Financials

Q1 2026

Income statement

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Revenue$663.4M+69.1%
Gross profit$607.1M+70.9%
Operating income$182.9M+4,586%
Net income$204.0M+680%
EPS (diluted)$1.01+677%

Balance sheet

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Cash & equivalents$1.4B+116%
Total debt$21.3M-19.8%
Total equity$3.2B+43.4%
Total assets$3.5B+43.0%

Cash flow

See full
Operating cash flow$312.3M+145%
CapEx$1.1M+11.3%
Free cash flow$311.2M+146%

Valuation & ratios

Valuation

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Market cap$37.6B+29.8%
Enterprise value$36.25B+28.2%
P/E53.1×
P/S15.2×-2.2×

Profitability

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Gross margin91.4%+0.6pp
Operating margin25.1%+23.8pp
Net margin28.6%
FCF margin35.1%+13.5pp

Returns & leverage

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Return on equity26.2%
Debt / equity0.0×
Current ratio12.7×+0.3×

Segments

By product

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Advertising revenue$624.7M+74.2%
Other revenue$38.7M+14.9%

Competitors

Profile

Reddit operates a global network of interest-based communities, known as subreddits, where users engage in authentic conversations, share content, and exchange knowledge. The platform leverages a unique community-led moderation model and a human-curated archive of information to foster a sense of belonging and trust. Its core value proposition lies in its interest-based social graph, which prioritizes shared passions and privacy over personal identity or celebrity following.

Competitive position

Reddit occupies a unique niche in the social media landscape by focusing on interest-based communities rather than follower-based social graphs, creating a high-intent environment for advertisers.

GeographiesGlobal, United States
Customer segmentsConsumers, Advertisers, Enterprise, Developers
Business modelAd-supported, Data licensing, Subscription, Marketplace
SuppliersCloud infrastructure providers, Content delivery networks, Software developers, Volunteer moderators
CustomersGlobal advertisers, Data analytics firms, AI research organizations, General internet users
Listed2024
CEOSteven Ladd Huffman
FilingsSEC EDGAR

Questions, answered.

What is Reddit's market cap?
Reddit (RDDT) has a market capitalization of $37.6B and trades on NYSE.
What is Reddit's revenue and profitability?
Reddit generated $2.5B in trailing twelve-month revenue with net income of $707.5M, representing a net margin of 28.6%. Gross margin stands at 91.4%, with free cash flow of $868.7M. These figures are based on the Q1 2026 filing.
Who are Reddit's competitors?
Reddit's key competitors include Pinterest, Meta Platforms, Alphabet, and others. These companies compete in similar markets and product categories.
Who does Reddit partner with?
Reddit's notable partners include Google, OpenAI.
Where is Reddit headquartered?
Reddit is headquartered in United States of America. It has been publicly traded since 2024.