Reddit RDDT Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 91.4%+0.6pp | 91.2%+0.7pp | 91.2%+2.0pp | 91%+2.5pp | 90.8%+3.5pp | |
| Operating margin | 25.1%+26.5pp | 20.1%+67.2pp | 11%+65.7pp | 4.7%+69.9pp | -1.4%+73.5pp | |
| Net margin | 28.6%— | 24.1%— | —— | —— | —— | |
| EBITDA margin | 25.8%+26.1pp | 20.8%+66.8pp | 11.9%+65.2pp | 5.7%+69.4pp | -0.3%+73.0pp | |
| Free cash flow margin | 35.1%+13.5pp | 31.1%+14.5pp | 26.8%+17.4pp | 23.8%+21.5pp | 21.6%+28.3pp | |
| Returns | ||||||
| Return on equity | 26.2%— | 20.9%— | —— | —— | —— | |
| Return on assets | 23.9%— | 19%— | —— | —— | —— | |
| Return on invested capital | 36.2%+37.8pp | 24.6%— | 13.1%— | 5%— | -1.6%— | |
| Efficiency | ||||||
| Asset turnover | 0.8×+0.2× | 0.8×+0.1× | 0.8×— | 0.7×— | 0.7×— | |
| Liquidity | ||||||
| Current ratio | 12.7×+0.3× | 11.6×-1.1× | 12.1×+0.2× | 12×-0.4× | 12.5×+0.2× | |
| Quick ratio | 12.7×+0.3× | 11.6×-1.1× | 12.1×+0.2× | 12×-0.4× | 12.5×+0.2× | |
| Cash ratio | 5.2×+1.8× | 3.5×+0.3× | 4×+1.0× | 3.5×+0.5× | 3.4×-2.8× | |
| 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×— | -2×— | -3.9×— | -7.5×— | —— | |
| Per Share | ||||||
| Book value per share | $15.70+42.5% | $14.49-1.1% | $12.88+25.2% | $11.96+3.8% | $11.02-57.9% | |
| Valuation | ||||||
| Market capitalization | $25.72B+35.5% | $43.56B+51.8% | $43.04B+286% | $25.98B+147% | $18.98B+448% | |
| Enterprise value | $24.37B+32.7% | $42.63B+51.4% | $42.16B+295% | $25.27B+151% | $18.37B+629% | |
| Price / earnings | 36.4×— | 82.2×— | —— | —— | —— | |
| Price / sales | 10.4×-2.7× | 19.8×-2.3× | 22.6×+12.7× | 15.6×+4.9× | 13.1×+9.2× | |
| Price / book | 8.1×-0.5× | 14.9×+1.4× | 16.5×+10.8× | 10.9×+5.3× | 8.6×+6.7× | |
| EV / EBITDA | 38.2×— | 93.1×— | 186.4×— | 267.4×— | —— | |
| EV / sales | 9.9×-2.8× | 19.4×-2.3× | 22.1×+12.6× | 15.1×+4.9× | 12.7×+9.8× | |
| Free cash flow yield | 3.4%+1.7pp | 1.6%+0.8pp | 1.2%+0.2pp | 1.5%+1.3pp | 1.7%+3.4pp | |
| Earnings yield | 2.8%— | 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.
