Operating Expenses
Total Operating Expenses
Reddit Total Operating Expenses decreased by 2.7% to $480.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.7%, from $388.46M to $480.50M. Over 3 years (FY 2022 to FY 2025), Total Operating Expenses shows an upward trend with a 28.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
Detailed definition
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Peer comparison
Investors compare this to revenue to assess the 'operating leverage' of a business model.
Metric ID:
total_operating_expensesHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $209.72M | $209.72M | $209.72M | $209.72M | $234.34M | $236.02M | $227.09M | $246.74M | $832.22M | $312.22M | $341.50M | $374.84M | $388.46M | $431.92M | $446.37M | $493.78M | $480.50M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +11.7% | +0.7% | -3.8% | +8.6% | +237.3% | -62.5% | +9.4% | +9.8% | +3.6% | +11.2% | +3.3% | +10.6% | -2.7% |
| YoY Change | — | — | — | — | +11.7% | +12.5% | +8.3% | +17.7% | +255.1% | +32.3% | +50.4% | +51.9% | -53.3% | +38.3% | +30.7% | +31.7% | +23.7% |
Range$209.72M – $832.22M
CAGR+23.0%
Avg YoY Growth+39.3%
Median YoY Growth+30.7%
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Reportable Segment | $351.37M | $386.02M | $393.86M | $435.06M | $424.23M |
| Total | $388.46M | $431.92M | $446.37M | $493.78M | $480.50M |
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is Reddit's total operating expenses?
- Reddit (RDDT) reported total operating expenses of $480.50M in Q1 2026.
- How has Reddit's total operating expenses changed year-over-year?
- Reddit's total operating expenses increased by 23.7% year-over-year, from $388.46M to $480.50M.
- What is the long-term trend for Reddit's total operating expenses?
- Over 3 years (2022 to 2025), Reddit's total operating expenses has grown at a 28.0% compound annual growth rate (CAGR), from $838.86M to $1.76B.
- What does total operating expenses mean?
- The total cost of running the day-to-day business, excluding the direct cost of making products.