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Reddit Income Statement

Revenue, expenses, and profitability over time

Reddit generated $2.5B in trailing twelve-month revenue, up 0.7% year-over-year. Net income was $707.5M with a 28.6% net margin. Gross margin stands at 91.37% and operating margin at 25.11%. Diluted EPS is $3.50, which grew 1.4% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$2.5BGross Profit (TTM)$2.3BOperating Income (TTM)$621.0MNet Income (TTM)$707.5MEps Diluted (TTM)$3.50
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$33.4B
P/E Ratio47.14
ROE26.22%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share—$0.14$0.48$0.87$1.34$1.07
Diluted earnings per share—$0.13$0.45$0.80$1.24$1.01
Weighted-average shares, basic145.5M182M185.4M188M186.4M191.5M
Weighted-average shares, diluted145.5M201.3M199.5M202.7M202.1M202.5M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$73.8M$69.4M$68.8M$68.8M$72.3M$65.5M
Research and development$188.6M$191.3M$196.6M$196.4M$198.9M$207.2M
Selling and marketing$80.5M$90.7M$120.6M$128.7M$163.9M$151.5M
Total operating expenses$374.8M$388.5M$431.9M$446.4M$493.8M$480.5M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$395.9M$355.3M$453.7M$532.4M$666.9M$607.1M
Operating income$0$3.9M$67.7M$138.5M$231.8M$182.9M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes—$24.4M$88.9M$160.6M$254.8M$205.7M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense-$1M-$1.7M-$439K-$2.1M—$1.7M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income—$26.2M$89.3M$162.7M$251.6M$204M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other income (expense), net$17.1M$20.5M$21.1M$22M$23M$22.8M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue From Contract With Customer Excluding Assessed Tax$427.7M$392.4M$499.6M$584.9M$725.6M$663.4M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$31.8M$37.1M$45.9M$52.5M$58.7M$56.3M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$427.7M$392.4M$499.6M$584.9M$725.6M$663.4M