Reddit RDDT Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 91.4%+0.2pp | 91.2%0.0pp | 91.2%+0.2pp | 91%+0.2pp | 90.8%+0.3pp | |
| Operating margin | 25.1%+5.0pp | 20.1%+9.0pp | 11%+6.3pp | 4.7%+6.1pp | -1.4%+45.8pp | |
| Net margin | 28.6%+4.6pp | 24.1%— | —— | —— | —— | |
| EBITDA margin | 25.8%+5.0pp | 20.8%+8.9pp | 11.9%+6.2pp | 5.7%+6.0pp | -0.3%+45.7pp | |
| Free cash flow margin | 35.1%+4.1pp | 31.1%+4.3pp | 26.8%+3.0pp | 23.8%+2.2pp | 21.6%+5.0pp | |
| Returns | ||||||
| Return on equity | 26.2%+5.3pp | 20.9%— | —— | —— | —— | |
| Return on assets | 23.9%+4.9pp | 19%— | —— | —— | —— | |
| Return on invested capital | 36.2%+11.6pp | 24.6%+11.5pp | 13.1%+8.1pp | 5%+6.6pp | -1.6%— | |
| Efficiency | ||||||
| Asset turnover | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | 0.7×+0.1× | 0.7×0.0× | |
| Liquidity | ||||||
| Current ratio | 12.7×+1.2× | 11.6×-0.6× | 12.1×+0.1× | 12×-0.5× | 12.5×-0.2× | |
| Quick ratio | 12.7×+1.2× | 11.6×-0.6× | 12.1×+0.1× | 12×-0.5× | 12.5×-0.2× | |
| Cash ratio | 5.2×+1.7× | 3.5×-0.5× | 4×+0.5× | 3.5×+0.1× | 3.4×+0.2× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -2.1×-0.1× | -2×+1.9× | -3.9×+3.6× | -7.5×— | —— | |
| Per Share | ||||||
| Book value per share | $15.70+8.3% | $14.49+12.5% | $12.88+7.6% | $11.96+8.6% | $11.02-24.8% | |
| Valuation | ||||||
| Market capitalization | $25.72B-40.9% | $43.56B+1.2% | $43.04B+65.7% | $25.98B+36.9% | $18.98B-33.9% | |
| Enterprise value | $24.37B-42.8% | $42.63B+1.1% | $42.16B+66.8% | $25.27B+37.6% | $18.37B-34.8% | |
| Price / earnings | 36.4×-45.9× | 82.2×— | —— | —— | —— | |
| Price / sales | 10.4×-9.4× | 19.8×-2.8× | 22.6×+7.0× | 15.6×+2.5× | 13.1×-9.0× | |
| Price / book | 8.1×-6.8× | 14.9×-1.6× | 16.5×+5.6× | 10.9×+2.3× | 8.6×-4.9× | |
| EV / EBITDA | 38.2×-54.8× | 93.1×-93.4× | 186.4×-81.0× | 267.4×— | —— | |
| EV / sales | 9.9×-9.5× | 19.4×-2.8× | 22.1×+7.0× | 15.1×+2.5× | 12.7×-9.0× | |
| Free cash flow yield | 3.4%+1.8pp | 1.6%+0.4pp | 1.2%-0.3pp | 1.5%-0.1pp | 1.7%+0.9pp | |
| Earnings yield | 2.8%+1.5pp | 1.2%— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Reddit's profit margins?
- Reddit (RDDT) runs a 91.4% gross margin and a 25.1% operating margin, with a 28.6% net margin.
- Where do Reddit's ratios come from?
- Every ratio is computed from Reddit's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
