What is Reddit's R&D?

Reddit (RDDT) reported R&D of $207.25M in Q1 2026.

How has Reddit's R&D changed year-over-year?

Reddit's R&D increased by 8.4% year-over-year, from $191.27M to $207.25M.

What is the long-term trend for Reddit's R&D?

Over 3 years (2022 to 2025), Reddit's R&D has grown at a 29.0% compound annual growth rate (CAGR), from $365.16M to $783.15M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Reddit RDDT R&D

R&D at other companies

Meta Platforms, Inc.META

$17.7B+45.7%

Pinterest, Inc.PINS

$380.79M+14.8%

SnapSNAP

$478.3M+12.8%

BuzzFeed, Inc.BZFD

$2.33M-23.9%

Taboola.com Ltd.TBLA

$39.58M+10.1%

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$33.42B+41.1%

Enterprise value$32.06B+39.7%

P/E47.2×—

P/S13.5×-0.7×

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

See full

Return on equity26.2%—

Debt / equity0×0.0×

Current ratio12.7×+0.3×

Where this comes from

Reported directly by Reddit in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Reddit (RDDT) reported R&D of $207.25M in Q1 2026.
How has Reddit's R&D changed year-over-year?: Reddit's R&D increased by 8.4% year-over-year, from $191.27M to $207.25M.
What is the long-term trend for Reddit's R&D?: Over 3 years (2022 to 2025), Reddit's R&D has grown at a 29.0% compound annual growth rate (CAGR), from $365.16M to $783.15M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.