Reddit, Inc. (RDDT) income statement
NYSE · Communication Services · Internet Content & Information · 2,555 employees · CEO Steven Ladd Huffman
- Price
- $91.67 -29.27%
- Market cap
- $17.6B
- Enterprise value
- $16.3B
- Last report
- Q3 '26 filed 2026-10-30
- Next report
- 2027-02-04 EPS est. $1.81
Reddit, Inc. (RDDT) reported revenue of $895M for Q3 '26 (+53.0% year on year), operating income of $262M (29.2% of revenue) and net income of $283M. Over the last four quarters revenue was $3.09B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $250M | $243M | $281M | $348M | $428M | $392M | $500M | $585M | $726M | $663M | $805M | $895M | |
| Cost of revenue | $28.9M | $27.6M | $29.5M | $34.6M | $31.8M | $37.1M | $45.9M | $52.5M | $58.7M | $56.3M | $70.3M | $75.8M | |
| Gross profit | $221M | $215M | $252M | $314M | $396M | $355M | $454M | $532M | $667M | $607M | $735M | $819M | |
| Research & development | $112M | $437M | $143M | $167M | $189M | $191M | $197M | $196M | $199M | $207M | $231M | $264M | |
| Sales & marketing | $57.9M | $124M | $71.5M | $74.5M | $80.5M | $90.7M | $121M | $129M | $164M | $151M | $196M | $209M | |
| General & administrative | $48.3M | $243M | $68.5M | $65.7M | $73.8M | $69.4M | $68.8M | $68.8M | $72.3M | $65.5M | $75.7M | $84.7M | |
| Operating expenses | $218M | $805M | $283M | $307M | $343M | $351M | $386M | $394M | $435M | $424M | $503M | $558M | |
| Operating income | $3.02M | -$589M | -$31M | $6.85M | $52.9M | $3.9M | $67.7M | $139M | $232M | $183M | $232M | $262M | |
| Interest income | $0 | $15.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$16.5M | -$14.6M | -$20.7M | -$23M | -$17.1M | -$20.5M | -$21.1M | -$22M | -$23M | -$22.8M | -$25.1M | -$27.5M | |
| Total non-operating income | $16.5M | $14.6M | $20.7M | $23M | $17.1M | $20.5M | $21.1M | $22M | $23M | $22.8M | $25.1M | $27.5M | |
| Income before tax | $19.5M | -$575M | -$10.3M | $29.8M | $70M | $24.4M | $88.9M | $161M | $255M | $206M | $257M | $289M | |
| Income tax | $942K | $365K | -$216K | -$31K | -$1.05M | -$1.72M | -$439K | -$2.09M | $3.22M | $1.75M | $3.99M | $5.79M | |
| Net income | $18.5M | -$575M | -$10.1M | $29.9M | $71M | $26.2M | $89.3M | $163M | $252M | $204M | $253M | $283M | |
| EPS (basic) | $0.11 | -$8.19 | -$0.06 | $0.18 | $0.40 | $0.14 | $0.48 | $0.87 | $1.32 | $1.07 | $1.31 | $1.47 | |
| EPS (diluted) | $0.11 | -$8.19 | -$0.06 | $0.16 | $0.36 | $0.13 | $0.45 | $0.80 | $1.24 | $1.01 | $1.25 | $1.40 | |
| Shares (basic, weighted) | 163M | 70.2M | 164M | 169M | 177M | 182M | 185M | 188M | 190M | 192M | 192M | 193M | |
| Shares (diluted, weighted) | 163M | 70.2M | 164M | 192M | 199M | 201M | 200M | 203M | 203M | 203M | 202M | 202M | |
| Depreciation & amortization | $3.76M | $3.74M | $3.77M | $3.97M | $4.16M | $3.96M | $3.93M | $3.9M | $4.15M | $4.21M | $4.26M | $4.26M | |
| EBITDA | $23.2M | -$571M | -$6.55M | $33.8M | $74.1M | $28.4M | $92.8M | $164M | $259M | $210M | $261M | $293M |
| Income statement | Trend | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $229M | $485M | $667M | $804M | $1.3B | $2.2B | |
| Cost of revenue | $55M | $72.6M | $105M | $111M | $124M | $194M | |
| Gross profit | $174M | $412M | $562M | $693M | $1.18B | $2.01B | |
| Research & development | $118M | $257M | $365M | $438M | $935M | $783M | |
| Sales & marketing | $75.4M | $138M | $225M | $230M | $351M | $504M | |
| General & administrative | $43.5M | $145M | $144M | $165M | $451M | $279M | |
| Operating expenses | $236M | $540M | $734M | $833M | $1.74B | $1.57B | |
| Operating income | -$62.6M | -$127M | -$172M | -$140M | -$561M | $442M | |
| Other non-operating income (gains on investments, FX ...) | -$3.49M | $343K | -$14.2M | -$53.1M | -$75.4M | -$86.7M | |
| Total non-operating income | $3.49M | -$343K | $14.2M | $53.1M | $75.4M | $86.7M | |
| Income before tax | -$59.1M | -$128M | -$158M | -$87M | -$485M | $529M | |
| Income tax | $102K | $340K | $622K | $3.8M | -$931K | -$1.03M | |
| Net income | -$59.2M | -$128M | -$159M | -$90.8M | -$484M | $530M | |
| EPS (basic) | -$0.36 | -$0.78 | -$0.97 | -$0.56 | -$2.69 | $2.84 | |
| EPS (diluted) | -$0.36 | -$0.78 | -$0.97 | -$0.56 | -$2.69 | $2.62 | |
| Shares (basic, weighted) | 163M | 163M | 163M | 163M | 180M | 186M | |
| Shares (diluted, weighted) | 163M | 163M | 163M | 163M | 180M | 202M | |
| Depreciation & amortization | $1.93M | $2.81M | $8M | $13.7M | $15.6M | $15.9M | |
| EBITDA | -$57.1M | -$125M | -$150M | -$73.3M | -$470M | $545M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02