Symbols / RDDT Stock $177.85 +1.05% Reddit, Inc.

Communication Services • Internet Content & Information • United States • NYQ
RDDT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Internet Content & Information
CEO Mr. Steven Ladd Huffman
Exch · Country NYQ · United States
Market Cap 34.24B
Enterprise Value 31.49B
Income 707.54M
Sales 2.47B
FCF (ttm) 564.09M
Book/sh 16.53
Cash/sh 14.39
Employees 2,555
Insider 10d —
IPO Mar 21, 2024
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 50.81
Forward P/E 20.14
PEG 1.27
P/S 13.84
P/B 10.76
P/C —
EV/EBITDA 49.42
EV/Sales 12.73
Quick Ratio 12.39
Current Ratio 12.73
Debt/Eq 0.67
LT Debt/Eq —
EPS (ttm) 3.50
EPS next Y 8.83
EPS Growth 6.75%
Revenue Growth 69.10%
EPS Gr Q/Q 6.80%
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 13.11%
ROE 26.22%
ROIC —
Gross Margin 91.37%
Oper. Margin 27.57%
Profit Margin 28.60%
Shs Outstand 141.97M
Shs Float 137.47M
Insider Own 0.71%
Instit Own 93.48%
Short Float 9.45%
Short Ratio 2.60
Short Interest 13.31M
52W High 282.95
vs 52W High -37.14%
52W Low 109.92
vs 52W Low 61.80%
Beta 1.85
Impl. Vol. 0.39%
Rel Volume 1.14
Avg Volume 5.06M
Volume 5.74M
Target (mean) $224.92
Tgt Median $230.00
Tgt Low $120.00
Tgt High $300.00
# Analysts 31
Recom Buy
Prev Close $176.00
Price $177.85
Change 1.05%
About

Reddit, Inc. operates a digital community in the United States and internationally. The company's platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging. It also organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. Reddit, Inc. was founded in 2005 and is headquartered in San Francisco, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$224.92
Mean price target
2. Current target
$177.85
Latest analyst target
3. DCF / Fair value
$71.52
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$177.85
Low
$120.00
High
$300.00
Mean
$224.92

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-01 reit Piper Sandler Overweight → Overweight $215
2026-05-01 main Wells Fargo Equal-Weight → Equal-Weight $176
2026-05-01 main Cantor Fitzgerald Neutral → Neutral $180
2026-05-01 main Citizens Market Outperform → Market Outperform $240
2026-05-01 main Evercore ISI Group Outperform → Outperform $300
2026-05-01 main DA Davidson Buy → Buy $200
2026-05-01 reit Needham Buy → Buy $300
2026-04-22 main Citizens Market Outperform → Market Outperform $250
2026-04-21 init DA Davidson — → Buy $200
2026-04-14 main Goldman Sachs Neutral → Neutral $180
2026-04-07 main Wells Fargo Equal-Weight → Equal-Weight $149
2026-04-07 main Truist Securities Buy → Buy $260
2026-04-02 main B of A Securities Neutral → Neutral $175
2026-03-10 main Jefferies Buy → Buy $250
2026-02-09 main Goldman Sachs Neutral → Neutral $206
2026-02-06 main JP Morgan Neutral → Neutral $200
2026-02-06 main Oppenheimer Outperform → Outperform $250
2026-02-06 main Truist Securities Buy → Buy $275
2026-02-06 reit Piper Sandler Overweight → Overweight $205
2026-02-06 main Cantor Fitzgerald Neutral → Neutral $170
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-20 HUFFMAN STEVE LADD Chief Executive Officer — 2,955 — —
2026-05-18 WONG JENNIFER L Chief Operating Officer — 39,167 $5.35 $209,543
2026-05-18 WONG JENNIFER L Chief Operating Officer — 39,167 $154.60 $6,208,842
2026-05-15 HUFFMAN STEVE LADD Chief Executive Officer — 18,000 $25.29 $455,220
2026-05-15 HUFFMAN STEVE LADD Chief Executive Officer — 18,000 $154.19 $2,828,744
2026-05-05 HUFFMAN STEVE LADD Chief Executive Officer — 18,000 $25.29 $455,220
2026-05-05 HUFFMAN STEVE LADD Chief Executive Officer — 18,000 $168.53 $3,092,449
2026-04-16 WONG JENNIFER L Chief Operating Officer — 39,167 $5.35 $209,543
2026-04-16 WONG JENNIFER L Chief Operating Officer — 39,167 $157.93 $6,324,169
2026-04-15 HUFFMAN STEVE LADD Chief Executive Officer — 18,000 $25.29 $455,220
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,202.51
+69.40%
1,300.20
+61.71%
804.03
+20.60%
666.70
Operating Revenue
2,062.48
+73.98%
1,185.46
+50.29%
788.78
+20.87%
652.56
Cost Of Revenue
194.22
+57.14%
123.59
+11.34%
111.01
+5.93%
104.80
Reconciled Cost Of Revenue
194.22
+57.14%
123.59
+11.34%
111.01
+5.93%
104.80
Gross Profit
2,008.29
+70.68%
1,176.61
+69.78%
693.02
+23.33%
561.90
Operating Expense
1,566.31
-9.84%
1,737.18
+108.50%
833.18
+13.50%
734.06
Research And Development
783.14
-16.25%
935.15
+113.34%
438.35
+20.04%
365.16
Selling General And Administration
783.16
-2.35%
802.03
+103.13%
394.83
+7.03%
368.90
Selling And Marketing Expense
503.86
+43.72%
350.58
+52.31%
230.18
+2.26%
225.08
General And Administrative Expense
279.30
-38.13%
451.45
+174.17%
164.66
+14.49%
143.82
Other Gand A
279.30
-38.13%
451.45
+174.17%
164.66
+14.49%
143.82
Total Expenses
1,760.52
-5.39%
1,860.77
+97.08%
944.19
+12.56%
838.86
Operating Income
441.98
+178.85%
-560.57
-299.95%
-140.16
+18.59%
-172.16
Total Operating Income As Reported
441.98
+178.85%
-560.57
-299.95%
-140.16
+18.59%
-172.16
EBITDA
457.93
+184.04%
-544.92
-330.91%
-126.46
+22.97%
-164.16
Normalized EBITDA
457.93
+184.04%
-544.92
-330.91%
-126.46
+22.97%
-164.16
Reconciled Depreciation
15.95
+1.95%
15.64
+14.17%
13.70
+71.28%
8.00
EBIT
441.98
+178.85%
-560.57
-299.95%
-140.16
+18.59%
-172.16
Net Income
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Pretax Income
528.69
+208.96%
-485.21
-457.56%
-87.02
+44.90%
-157.93
Other Income Expense
86.71
+15.05%
75.36
+41.82%
53.14
+273.32%
14.23
Other Non Operating Income Expenses
86.71
+15.05%
75.36
+41.82%
53.14
+273.32%
14.23
Tax Provision
-1.03
-10.74%
-0.93
-124.49%
3.80
+511.09%
0.62
Tax Rate For Calcs
0.00
+20900.00%
0.00
-99.52%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Net Income From Continuing Operation Net Minority Interest
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Net Income From Continuing And Discontinued Operation
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Net Income Continuous Operations
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Normalized Income
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Net Income Common Stockholders
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Diluted EPS
2.62
+178.68%
-3.33
-482.94%
-0.57
+46.75%
-1.07
Basic EPS
2.84
+185.29%
-3.33
-482.94%
-0.57
+46.75%
-1.07
Basic Average Shares
186.38
+28.12%
145.47
-8.50%
158.99
+7.58%
147.79
Diluted Average Shares
202.11
+38.93%
145.47
-8.50%
158.99
+7.58%
147.79
Diluted NI Availto Com Stockholders
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
3,239.17
+38.63%
2,336.59
+46.36%
1,596.47
-0.20%
1,599.71
Current Assets
3,135.99
+41.04%
2,223.40
+50.26%
1,479.69
-0.29%
1,483.93
Cash Cash Equivalents And Short Term Investments
2,476.81
+34.55%
1,840.81
+51.74%
1,213.12
-4.22%
1,266.54
Cash And Cash Equivalents
953.57
+69.65%
562.09
+40.11%
401.18
-7.95%
435.81
Other Short Term Investments
1,523.24
+19.12%
1,278.72
+57.49%
811.95
-2.26%
830.73
Receivables
590.16
+68.84%
349.53
+38.13%
253.04
+27.11%
199.08
Accounts Receivable
590.16
+68.84%
349.53
+42.50%
245.28
+27.76%
191.99
Other Receivables
—
11.50
+144.94%
4.70
+9.82%
4.28
Accrued Interest Receivable
—
4.70
+52.88%
3.07
+8.94%
2.82
Prepaid Assets
—
14.58
+22.24%
11.93
-30.04%
17.05
Other Current Assets
69.01
+108.76%
33.06
+1979.12%
1.59
+27.30%
1.25
Total Non Current Assets
103.16
-8.85%
113.18
-1.54%
114.95
-0.72%
115.78
Net PPE
33.50
-6.69%
35.90
-7.84%
38.95
+27.53%
30.54
Gross PPE
49.76
+5.66%
47.10
+2.97%
45.74
+23.88%
36.92
Accumulated Depreciation
-16.27
-45.26%
-11.20
-64.98%
-6.79
-6.36%
-6.38
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
19.61
+23.89%
15.83
+12.00%
14.14
+47.53%
9.58
Construction In Progress
—
—
0.00
-100.00%
0.08
Other Properties
20.79
-10.59%
23.25
-3.16%
24.01
+2.81%
23.35
Leases
9.36
+16.76%
8.02
+5.53%
7.60
+94.40%
3.91
Goodwill And Other Intangible Assets
57.67
-14.67%
67.58
+19.36%
56.62
-16.16%
67.54
Goodwill
42.17
+0.00%
42.17
+60.36%
26.30
+0.00%
26.30
Other Intangible Assets
15.50
-39.01%
25.41
-16.20%
30.32
-26.47%
41.24
Investments And Advances
—
—
—
—
Non Current Deferred Assets
—
—
16.48
+14.78%
14.36
Non Current Prepaid Assets
—
—
0.96
-27.61%
1.33
Other Non Current Assets
11.99
+23.72%
9.70
-49.97%
19.38
+862.74%
2.01
Total Liabilities Net Minority Interest
310.13
+50.66%
205.85
-89.76%
2,009.39
+1.55%
1,978.78
Current Liabilities
271.28
+54.12%
176.02
+31.78%
133.57
+25.47%
106.46
Payables And Accrued Expenses
155.11
+84.27%
84.18
+11.05%
75.80
+40.49%
53.96
Payables
68.91
+31.61%
52.36
+6.72%
49.06
+48.93%
32.94
Accounts Payable
62.93
+38.54%
45.42
-2.35%
46.51
+41.19%
32.94
Other Payable
5.98
-13.76%
6.94
+172.22%
2.55
—
Current Accrued Expenses
86.20
+170.92%
31.82
+18.99%
26.74
+27.25%
21.01
Pensionand Other Post Retirement Benefit Plans Current
74.75
+17.83%
63.44
+67.11%
37.96
+20.84%
31.42
Current Debt And Capital Lease Obligation
7.02
+14.44%
6.14
+65.55%
3.71
-52.49%
7.80
Current Capital Lease Obligation
7.02
+14.44%
6.14
+65.55%
3.71
-52.49%
7.80
Current Deferred Liabilities
18.04
+21.84%
14.80
+104.21%
7.25
-9.60%
8.02
Current Deferred Revenue
18.04
+21.84%
14.80
+104.21%
7.25
-9.60%
8.02
Other Current Liabilities
16.36
+119.22%
7.46
-15.65%
8.85
+68.17%
5.26
Total Non Current Liabilities Net Minority Interest
38.85
+30.28%
29.82
-98.41%
1,875.82
+0.19%
1,872.32
Long Term Debt And Capital Lease Obligation
16.19
-21.27%
20.57
-6.69%
22.04
+88.54%
11.69
Long Term Capital Lease Obligation
16.19
-21.27%
20.57
-6.69%
22.04
+88.54%
11.69
Tradeand Other Payables Non Current
—
—
—
—
Other Non Current Liabilities
0.11
-32.48%
0.16
-45.30%
0.29
-95.98%
7.14
Preferred Securities Outside Stock Equity
—
0.00
-100.00%
1,853.49
+0.00%
1,853.49
Stockholders Equity
2,929.04
+37.47%
2,130.75
+616.02%
-412.92
-8.93%
-379.06
Common Stock Equity
2,929.04
+37.47%
2,130.75
+616.02%
-412.92
-8.93%
-379.06
Capital Stock
0.02
+11.76%
0.02
+183.33%
0.01
+0.00%
0.01
Common Stock
0.02
+11.76%
0.02
+183.33%
0.01
+0.00%
0.01
Preferred Stock
0.00
0.00
0.00
—
Share Issued
190.89
+5.87%
180.32
+13.41%
158.99
+0.00%
158.99
Ordinary Shares Number
190.89
+5.87%
180.32
+13.41%
158.99
+0.00%
158.99
Additional Paid In Capital
3,595.77
+7.93%
3,331.55
+1000.17%
302.82
+20.91%
250.46
Retained Earnings
-671.12
+44.11%
-1,200.84
-67.58%
-716.56
-14.51%
-625.74
Gains Losses Not Affecting Retained Earnings
4.36
+18083.33%
0.02
-97.05%
0.81
+121.47%
-3.79
Treasury Stock
—
—
—
—
Other Equity Adjustments
4.36
+18083.33%
0.02
-97.05%
0.81
+121.47%
-3.79
Total Equity Gross Minority Interest
2,929.04
+37.47%
2,130.75
+616.02%
-412.92
-8.93%
-379.06
Total Capitalization
2,929.04
+37.47%
2,130.75
+616.02%
-412.92
-8.93%
-379.06
Working Capital
2,864.70
+39.92%
2,047.38
+52.10%
1,346.12
-2.28%
1,377.47
Invested Capital
2,929.04
+37.47%
2,130.75
+616.02%
-412.92
-8.93%
-379.06
Total Debt
23.21
-13.06%
26.70
+3.71%
25.75
+32.09%
19.49
Capital Lease Obligations
23.21
-13.06%
26.70
+3.71%
25.75
+32.09%
19.49
Net Tangible Assets
2,871.37
+39.17%
2,063.17
+539.40%
-469.54
-5.14%
-446.60
Tangible Book Value
2,871.37
+39.17%
2,063.17
+539.40%
-469.54
-5.14%
-446.60
Held To Maturity Securities
—
—
—
—
Investmentin Financial Assets
—
—
—
—
Non Current Accrued Expenses
22.55
+147.86%
9.10
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
690.88
+211.11%
222.07
+395.64%
-75.11
+20.11%
-94.02
Cash Flow From Continuing Operating Activities
690.88
+211.11%
222.07
+395.64%
-75.11
+20.11%
-94.02
Net Income From Continuing Operations
529.72
+209.38%
-484.28
-433.20%
-90.82
+42.72%
-158.55
Depreciation Amortization Depletion
15.95
+1.95%
15.64
+14.17%
13.70
+71.28%
8.00
Depreciation And Amortization
15.95
+1.95%
15.64
+14.17%
13.70
+71.28%
8.00
Other Non Cash Items
7.04
+9249.35%
-0.08
-100.65%
11.84
-18.68%
14.56
Stock Based Compensation
343.18
-57.19%
801.65
+1584.20%
47.60
-13.94%
55.31
Provisionand Write Offof Assets
—
—
—
0.02
Asset Impairment Charge
—
—
—
3.38
Change In Working Capital
-176.81
-162.06%
-67.47
-124.96%
-29.99
-197.53%
-10.08
Change In Receivables
-241.36
-131.45%
-104.28
-95.58%
-53.32
-76.37%
-30.23
Changes In Account Receivables
-241.36
-131.45%
-104.28
-95.58%
-53.32
-76.37%
-30.23
Change In Prepaid Assets
-37.08
-90.31%
-19.48
-602.45%
3.88
+302.93%
-1.91
Change In Payables And Accrued Expense
108.86
+85.47%
58.69
+132.85%
25.21
-22.17%
32.39
Change In Accrued Expense
90.69
+53.03%
59.26
+365.29%
12.74
-40.71%
21.48
Change In Payable
18.17
+3287.02%
-0.57
-104.57%
12.47
+14.35%
10.90
Change In Account Payable
18.17
+3287.02%
-0.57
-104.57%
12.47
+14.35%
10.90
Change In Other Working Capital
-7.22
-201.38%
-2.40
+58.37%
-5.76
+44.23%
-10.32
Change In Other Current Liabilities
—
—
—
—
Investing Cash Flow
-218.89
+50.33%
-440.69
-1167.27%
41.29
+105.13%
-804.18
Cash Flow From Continuing Investing Activities
-218.89
+50.33%
-440.69
-1167.27%
41.29
+105.13%
-804.18
Net PPE Purchase And Sale
-6.71
-7.33%
-6.25
+35.75%
-9.72
-56.01%
-6.23
Purchase Of PPE
-6.71
-7.33%
-6.25
+35.75%
-9.72
-56.01%
-6.23
Capital Expenditure
-6.71
-7.33%
-6.25
+35.75%
-9.72
-56.01%
-6.23
Net Investment Purchase And Sale
-215.19
+49.14%
-423.12
-932.21%
50.84
+106.73%
-755.69
Purchase Of Investment
-2,298.40
-15.11%
-1,996.72
-58.49%
-1,259.85
+11.93%
-1,430.59
Sale Of Investment
2,083.20
+32.38%
1,573.60
+20.06%
1,310.70
+94.21%
674.90
Net Business Purchase And Sale
0.00
+100.00%
-17.14
0.00
+100.00%
-42.20
Purchase Of Business
0.00
+100.00%
-17.14
0.00
+100.00%
-42.20
Net Intangibles Purchase And Sale
—
6.87
0.00
0.00
Purchase Of Intangibles
—
—
—
-0.20
Net Other Investing Changes
3.01
-48.31%
5.82
+3284.30%
0.17
+368.75%
-0.06
Financing Cash Flow
-80.56
-121.23%
379.54
+46898.40%
-0.81
+78.57%
-3.78
Cash Flow From Continuing Financing Activities
-80.56
-121.23%
379.54
+46898.40%
-0.81
+78.57%
-3.78
Net Common Stock Issuance
0.00
-100.00%
600.02
0.00
0.00
Common Stock Payments
—
—
—
0.00
Repurchase Of Capital Stock
—
—
—
0.00
Proceeds From Stock Option Exercised
25.07
-71.82%
88.97
+955.67%
8.43
+19.82%
7.03
Net Other Financing Charges
-105.63
+65.86%
-309.46
-3249.49%
-9.24
+14.60%
-10.82
Changes In Cash
391.43
+143.25%
160.92
+564.62%
-34.63
+96.16%
-901.99
Beginning Cash Position
562.14
+40.11%
401.23
-7.95%
435.86
-67.42%
1,337.85
End Cash Position
953.57
+69.63%
562.14
+40.11%
401.23
-7.95%
435.86
Free Cash Flow
684.17
+217.01%
215.82
+354.39%
-84.84
+15.38%
-100.25
Income Tax Paid Supplemental Data
—
—
—
0.74
Amortization Of Securities
-28.21
+34.99%
-43.40
-58.15%
-27.44
-740.75%
-3.26
Common Stock Issuance
0.00
-100.00%
600.02
0.00
0.00
Issuance Of Capital Stock
0.00
-100.00%
600.02
0.00
0.00
Net Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Issuance
—
—
—
0.00
Sale Of Intangibles
—
6.87
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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