Reddit, Inc. (RDDT) financial statements: income statement, balance sheet and cash flow
Reddit, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Reddit, Inc. reported revenue of $2.2B (+69.4% year on year) and net income of $529.7M (+209.4% year on year).
Income statement
Reddit, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Revenue
$2.2B
$1.3B
Cost of revenue
$194.2M
$123.6M
Research and development
$783.1M
$935.2M
Sales and marketing
$503.9M
$350.6M
General and administrative
$279.3M
$451.4M
Total costs and expenses
$1.8B
$1.9B
Income (loss) from operations
$442.0M
($560.6M)
Other income (expense), net
$86.7M
$75.4M
Income (loss) before income taxes
$528.7M
($485.2M)
Income tax expense (benefit)
($1.0M)
($931.0K)
Net income (loss)
$529.7M
($484.3M)
Basic (in dollars per share)
$2.84
-$3.33
Diluted (in dollars per share)
$2.62
-$3.33
Basic (in shares)
186.4M
145.5M
Diluted (in shares)
202.1M
145.5M
Reddit, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$804.9M
$663.4M
$584.9M
$499.6M
Cost of revenue
$70.3M
$56.3M
$52.5M
$45.9M
Research and development
$231.3M
$207.2M
$196.4M
$196.6M
Sales and marketing
$195.9M
$151.5M
$128.7M
$120.6M
General and administrative
$75.7M
$65.5M
$68.8M
$68.8M
Total costs and expenses
$573.2M
$480.5M
$446.4M
$431.9M
Income from operations
$231.7M
$182.9M
$138.5M
$67.7M
Other income (expense), net
$25.1M
$22.8M
$22.0M
$21.1M
Income before income taxes
$256.8M
$205.7M
$160.6M
$88.9M
Income tax expense (benefit)
$4.0M
$1.7M
($2.1M)
($439.0K)
Net income
$252.8M
$204.0M
$162.7M
$89.3M
Basic (in dollars per share)
$1.31
$1.07
$0.87
$0.48
Diluted (in dollars per share)
$1.25
$1.01
$0.80
$0.45
Basic (in shares)
192.3M
191.5M
188.0M
185.4M
Diluted (in shares)
202.0M
202.5M
202.7M
199.5M
Balance sheet
Reddit, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Cash and cash equivalents
$953.6M
$562.1M
Marketable securities
$1.5B
$1.3B
Accounts receivable, net
$590.2M
$349.5M
Prepaid expenses and other current assets
$69.0M
$33.1M
Total current assets
$3.1B
$2.2B
Property and equipment, net
$12.7M
$12.7M
Operating lease right-of-use assets, net
$20.8M
$23.2M
Intangible assets, net
$15.5M
$25.4M
Goodwill
$42.2M
$42.2M
Other noncurrent assets
$12.0M
$9.7M
Total assets
$3.2B
$2.3B
Accounts payable
$62.9M
$45.4M
Operating lease liabilities
$7.0M
$6.1M
Accrued expenses and other current liabilities
$201.3M
$124.5M
Total current liabilities
$271.3M
$176.0M
Operating lease liabilities, noncurrent
$16.2M
$20.6M
Other noncurrent liabilities
$22.7M
$9.3M
Total liabilities
$310.1M
$205.8M
Preferred stock, par value $0.0001 per share; 100,000,000 authorized as of December 31, 2025 and 2024; no shares issued and outstanding as of December 31, 2025 and 2024
$0.00
$0.00
Common stock
$19.0K
$17.0K
Additional paid-in capital
$3.6B
$3.3B
Accumulated other comprehensive income (loss)
$4.4M
$24.0K
Accumulated deficit
($671.1M)
($1.2B)
Total stockholders’ equity (deficit)
$2.9B
$2.1B
Total liabilities and stockholders’ equity (deficit)
$3.2B
$2.3B
Reddit, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.5B
$1.4B
$911.7M
$734.1M
Marketable securities
$1.3B
$1.4B
$1.3B
$1.3B
Accounts receivable, net
$650.1M
$522.9M
$487.6M
$407.2M
Prepaid expenses and other current assets
$105.2M
$92.4M
$56.1M
$62.8M
Total current assets
$3.5B
$3.4B
$2.8B
$2.5B
Property and equipment, net
$12.0M
$11.9M
$12.9M
$11.4M
Operating lease right-of-use assets, net
$18.4M
$19.0M
$22.5M
$22.1M
Intangible assets, net
$10.6M
$13.0M
$18.0M
$20.5M
Goodwill
$42.2M
$42.2M
$42.2M
$42.2M
Other noncurrent assets
$11.8M
$12.3M
$11.2M
$6.1M
Total assets
$3.6B
$3.5B
$2.9B
$2.6B
Accounts payable
$89.1M
$51.7M
$73.1M
$63.9M
Operating lease liabilities
$7.8M
$7.2M
$6.9M
$6.6M
Accrued expenses and other current liabilities
$240.8M
$207.0M
$148.4M
$140.3M
Total current liabilities
$337.7M
$265.9M
$228.3M
$210.8M
Operating lease liabilities, noncurrent
$13.1M
$14.1M
$18.2M
$18.6M
Other noncurrent liabilities
$72.0K
$24.6M
$19.2M
$15.8M
Total liabilities
$350.9M
$304.6M
$265.7M
$245.2M
Preferred stock, par value $0.0001 per share; 100,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025
$0.00
$0.00
$0.00
$0.00
Common stock, value
$19.0K
$19.0K
$19.0K
$18.0K
Additional paid-in capital
$3.5B
$3.6B
$3.5B
$3.5B
Accumulated other comprehensive income (loss)
($4.7M)
($979.0K)
$3.8M
$3.7M
Accumulated deficit
($214.3M)
($467.1M)
($922.7M)
($1.1B)
Total stockholders’ equity
$3.3B
$3.2B
$2.6B
$2.4B
Total liabilities and stockholders’ equity
$3.6B
$3.5B
$2.9B
$2.6B
Cash flow statement
Reddit, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Net income (loss)
$529.7M
($484.3M)
Depreciation and amortization
$15.9M
$15.6M
Non-cash operating lease cost
$6.2M
$4.1M
Amortization of premium (accretion of discount) on marketable securities, net
($28.2M)
($43.4M)
Stock-based compensation expense
$343.2M
$801.6M
Other adjustments
$848.0K
($4.2M)
Accounts receivable
($241.4M)
($104.3M)
Prepaid expenses and other assets
($37.1M)
($19.5M)
Operating lease right-of-use assets and liabilities
($7.2M)
($2.4M)
Accounts payable
$18.2M
($570.0K)
Accrued expenses and other liabilities
$90.7M
$59.3M
Net cash provided by (used in) operating activities
$690.9M
$222.1M
Purchases of property and equipment
($6.7M)
($6.2M)
Purchases of marketable securities
($2.3B)
($2.0B)
Maturities of marketable securities
$2.1B
$1.6B
Proceeds from sale of marketable securities
$17.2M
$0
Cash paid for acquisitions, net of cash acquired
$0
($17.1M)
Other investing activities
$3.0M
($1.0M)
Net cash provided by (used in) investing activities
($218.9M)
($440.7M)
Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions
$0
$600.0M
Proceeds from exercise of employee stock options
$25.1M
$89.0M
Taxes paid related to net share settlement of restricted stock units
($104.0M)
($294.6M)
Payments of initial public offering costs
$0
($8.8M)
Other financing activities
($1.6M)
$0
Net cash provided by (used in) financing activities
($80.6M)
$379.5M
Net increase (decrease) in cash, cash equivalents, and restricted cash
$391.4M
$160.9M
Cash, cash equivalents, and restricted cash at the beginning of the period
$562.1M
$401.2M
Cash, cash equivalents, and restricted cash at the end of the period
$953.6M
$562.1M
Cash and cash equivalents
$953.6M
$562.1M
Restricted cash
$0
$50.0K
Total cash, cash equivalents, and restricted cash
$953.6M
$562.1M
Conversion of convertible preferred stock to common stock upon initial public offering
$0
$1.9B
Reclassification of deferred offering costs to additional paid-in capital upon initial public offering
$0
$23.8M
Reddit, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$456.8M
$204.0M
$278.1M
$115.5M
Depreciation and amortization
$8.5M
$4.2M
$11.8M
$7.9M
Non-cash operating lease cost
$3.4M
$1.7M
$4.5M
$3.0M
Amortization of premium (accretion of discount) on marketable securities, net
($7.1M)
($4.3M)
($22.4M)
($15.6M)
Stock-based compensation expense
$169.3M
$68.3M
$258.0M
$174.5M
Other adjustments
($606.0K)
($691.0K)
$668.0K
($41.0K)
Accounts receivable
($59.3M)
$68.0M
($138.8M)
($57.8M)
Prepaid expenses and other assets
($36.2M)
($23.8M)
($23.4M)
($26.4M)
Operating lease right-of-use assets and liabilities
($3.4M)
($1.8M)
($5.4M)
($3.4M)
Accounts payable
$26.0M
($11.0M)
$26.9M
$18.9M
Accrued expenses and other liabilities
$16.7M
$7.6M
$34.0M
$22.2M
Net cash provided by (used in) operating activities
$574.1M
$312.3M
$424.1M
$238.9M
Purchases of property and equipment
($2.2M)
($1.1M)
($3.5M)
($1.5M)
Purchases of marketable securities
($676.9M)
($364.9M)
($1.6B)
($1.1B)
Maturities of marketable securities
$883.7M
$474.5M
$1.6B
$1.0B
Proceeds from sale of marketable securities
$18.0M
$18.0M
$12.4M
$12.4M
Other investing activities
($3.0M)
($1.6M)
$2.5M
$3.2M
Net cash provided by (used in) investing activities
$219.5M
$124.8M
($13.1M)
($29.6M)
Proceeds from exercise of employee stock options
$9.9M
$4.9M
$20.5M
$14.5M
Taxes paid related to net share settlement of restricted stock units
($30.7M)
($16.2M)
($80.5M)
($51.9M)
Repurchases of Class A common stock
($239.6M)
($5.0M)
—
—
Net cash provided by (used in) financing activities
($260.4M)
($16.3M)
($61.5M)
($37.4M)
Net increase (decrease) in cash and cash equivalents
$533.3M
$420.8M
$349.5M
$171.9M
Cash and cash equivalents at the beginning of the period
$953.6M
$953.6M
$562.1M
$562.1M
Cash and cash equivalents at the end of the period