What is Reddit's total cost of revenue?

Reddit (RDDT) reported total cost of revenue of $56.27M in Q1 2026.

How has Reddit's total cost of revenue changed year-over-year?

Reddit's total cost of revenue increased by 51.7% year-over-year, from $37.09M to $56.27M.

What is the long-term trend for Reddit's total cost of revenue?

Over 3 years (2022 to 2025), Reddit's total cost of revenue has grown at a 22.8% compound annual growth rate (CAGR), from $104.8M to $194.22M.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Reddit RDDT Total Cost of Revenue

Total Cost of Revenue at other companies

Meta Platforms, Inc.META

$10.22B+34.9%

Pinterest, Inc.PINS

$238.55M+19.7%

SnapSNAP

$665.24M+4.0%

Omnicom GroupOMC

$5.21B+70.1%

Taboola.com Ltd.TBLA

$336.82M+9.3%

Alphabet Inc.GOOGL

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Segments

By segment

See full

Reportable Segment$56.27M+51.7%

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

See full

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

See full

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

See full

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:CostOfGoodsAndServicesSold.

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 total cost of revenue?: Reddit (RDDT) reported total cost of revenue of $56.27M in Q1 2026.
How has Reddit's total cost of revenue changed year-over-year?: Reddit's total cost of revenue increased by 51.7% year-over-year, from $37.09M to $56.27M.
What is the long-term trend for Reddit's total cost of revenue?: Over 3 years (2022 to 2025), Reddit's total cost of revenue has grown at a 22.8% compound annual growth rate (CAGR), from $104.8M to $194.22M.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.