Reddit, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.2B | $1.3B | $804.0M | $666.7M | — |
| Cost of revenue | $194.2M | $123.6M | $111.0M | $104.8M | — |
| Research and development | $783.1M | $935.2M | $438.3M | $365.2M | — |
| Operating income | $442.0M | -$560.6M | -$140.2M | -$172.2M | — |
| Pretax income | $528.7M | -$485.2M | -$87.0M | -$157.9M | — |
| Income tax expense | -$1.0M | -$931,000 | $3.8M | $622,000 | — |
| Net income | $529.7M | -$484.3M | -$90.8M | -$158.6M | — |
| Balance Sheet | |||||
| Cash and equivalents | $953.6M | $562.1M | $401.2M | $435.8M | — |
| Current assets | $3.1B | $2.2B | $1.5B | — | — |
| Total assets | $3.2B | $2.3B | $1.6B | — | — |
| Current liabilities | $271.3M | $176.0M | $133.6M | — | — |
| Total liabilities | $310.1M | $205.8M | $155.9M | — | — |
| Stockholders' equity | $2.9B | $2.1B | -$412.9M | -$379.1M | -$286.0M |
| Cash Flow Statement | |||||
| Cash from operations | $690.9M | $222.1M | -$75.1M | -$94.0M | — |
| Depreciation and amortization | $15.9M | $15.6M | $13.7M | $8.0M | — |
| Stock-based compensation | $343.2M | $801.6M | $47.6M | $55.3M | — |
| Capital expenditure | $6.7M | $6.2M | $9.7M | $6.2M | — |
| Free cash flow | $684.2M | $215.8M | -$84.8M | -$100.3M | — |
Shares outstanding 192.5M · Free float 20.4%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.