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Reddit RDDT Q1 2026 earnings

Reported April 30, 2026 · After market close

Revenue$663.0MBeat by $55.3M
EPS$1.01Beat by $0.39
Revenue estimate$607.7M
EPS estimate$0.62

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$872.9M
EPS estimate$1.33

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

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

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$25.72B+35.5%
Enterprise value$24.37B+32.7%
P/E36.4×—
P/S10.4×-2.7×

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 / equity0×0.0×
Current ratio12.7×+0.3×

Segments

By product

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

FAQ

When did Reddit report Q1 2026 earnings?
Reddit (RDDT) reported Q1 2026 earnings on April 30, 2026 after market close.
What were Reddit's Q1 2026 revenue and EPS?
Reddit reported revenue of $663.0M and eps of $1.01 for Q1 2026.
Did Reddit beat estimates in Q1 2026?
Revenue beat the consensus estimate of $607.7M by $55.3M. EPS beat the consensus estimate of $0.62 by $0.39.
How did Reddit's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 69.0% from $392.4M a year earlier and eps grew 676.9% from $0.13.
Where can I find Reddit's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001713445-26-000067) and the 10-Q periodic report (0001713445-26-000069) directly on SEC EDGAR. The filing index links above go to sec.gov.