Reddit Financial Statements
NYSE: RDDTTechnologyEDP ServicesUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Reddit revenue and earnings
In fiscal 2025, Reddit generated $2.20 billion in revenue, up 69.4% from fiscal 2024, its 3rd consecutive year of revenue growth. Net income was $529.7 million, for a net margin of 24.1% versus a median of -23.8% in the prior 3 years. Gross margin was 91.2% (up from 90.5%) and operating margin 20.1%.
Diluted earnings per share came in at $2.62. Over the last 3 fiscal years, RDDT's revenue has grown at a 48.9% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Reddit income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 |
|---|---|---|---|---|
| Revenue | 2.20B | 1.30B | 804.03M | 666.70M |
| Revenue growth (YoY) | +69.40% | +61.71% | +20.60% | — |
| Cost of Revenue | 194.22M | 123.59M | 111.01M | 104.80M |
| Gross Profit | 2.01B | 1.18B | 693.02M | 561.90M |
| Operating Expenses | 1.57B | 1.74B | 833.18M | 734.06M |
| Research & Development | 783.14M | 935.15M | 438.35M | 365.16M |
| Selling, General & Admin | 783.16M | 802.03M | 394.83M | 368.90M |
| Operating Income | 441.98M | -560.57M | -140.16M | -172.16M |
| Other Income (Expense) | 86.71M | 75.36M | 53.14M | 14.23M |
| Pretax Income | 528.69M | -485.21M | -87.02M | -157.93M |
| Income Tax | -1.03M | -931.00K | 3.80M | 622.00K |
| Net Income | 529.72M | -484.28M | -90.82M | -158.55M |
| Net Income growth (YoY) | — | — | — | — |
| EPS (Basic) | 2.84 | -3.33 | -1.54 | -2.77 |
| EPS (Diluted) | 2.62 | -3.33 | -1.54 | -2.77 |
| Shares Outstanding (Basic) | 186.38M | 145.47M | 59.14M | 57.25M |
| Shares Outstanding (Diluted) | 202.11M | 145.47M | 59.14M | 57.25M |
| EBITDA | 457.93M | -544.92M | -126.46M | -164.16M |
| Gross Margin | 91.18% | 90.49% | 86.19% | 84.28% |
| Operating Margin | 20.07% | -43.11% | -17.43% | -25.82% |
| Net Margin | 24.05% | -37.25% | -11.30% | -23.78% |
This table shows 4 annual periods of Reddit's income statement, from FY 2025 back to FY 2022, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow RDDT's reporting calendar. What is a income statement?