What is Reddit's net debt / EBITDA?

Reddit (RDDT) reported net debt / EBITDA of -2.1× in Q1 2026.

What does net debt / EBITDA mean?

How many years of operating earnings it would take to pay off the company's net debt.

How do you interpret net debt / EBITDA?

Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.

How does net debt / EBITDA compare across companies?

A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.

Reddit RDDT Net debt / EBITDA

Net debt / EBITDA at other companies

Omnicom GroupOMC

1×-0.4×

Applovin CorporationAPP

0.2×-1.0×

eBayEBAY

1.4×0.0×

Charter Communications, Inc.CHTR

4.3×+0.1×

AmazonAMZN

0.9×+0.2×

Alphabet Inc.GOOGL

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Other financials

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

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Market cap$31.95B+35.5%

Enterprise value$30.59B+32.7%

P/E45.2×—

P/S12.9×-3.3×

Profitability

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Gross margin91.4%+0.6pp

Operating margin25.1%+23.8pp

Net margin28.6%—

Returns & leverage

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Return on equity26.2%—

Debt / equity0×0.0×

Current ratio12.7×+0.3×

Where this comes from

Calculated from Reddit’s reported figures.

net debt/ebitda=-2.1×

Based on the most recent quarter.

The official record: Reddit’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Reddit's net debt / EBITDA?: Reddit (RDDT) reported net debt / EBITDA of -2.1× in Q1 2026.
What does net debt / EBITDA mean?: How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?: Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?: A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.