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Reddit RDDT Business Segments — Operating Expenses

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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$32.14B+23.7%
Enterprise value$30.78B+21.8%
P/E45.4×
P/S13×-2.6×

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×
Current ratio12.7×+0.3×

Where this comes from

Reported directly by Reddit in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

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 business segments — operating expenses?
Reddit (RDDT) reported business segments — operating expenses of $424.23M in Q1 2026.
How has Reddit's business segments — operating expenses changed year-over-year?
Reddit's business segments — operating expenses increased by 20.7% year-over-year, from $351.37M to $424.23M.
What is the long-term trend for Reddit's business segments — operating expenses?
Over 3 years (2022 to 2025), Reddit's business segments — operating expenses has grown at a 28.7% compound annual growth rate (CAGR), from $734.06M to $1.57B.
What does business segments — operating expenses mean?
This metric represents the total costs incurred by the primary business segment to support daily operations, excluding the direct cost of revenue. It encompasses expenditures such as research and development, sales and marketing, and general administrative functions necessary to maintain the platform's infrastructure and growth. Monitoring this figure helps investors assess the company's operational efficiency and the scalability of its cost structure relative to revenue growth.