Reddit, Inc. (RDDT)财务
NYSE · Communication Services · Internet Content & Information · 员工2,555人 · CEO Steven Ladd Huffman
- 股价
- $91.67 -29.27%
- 市值
- $176亿
- 企业价值
- $163亿
- 最近财报
- Q3 '26 2026-10-30提交
- 下次财报
- 2027-02-04 EPS预期 $1.81
营收(TTM)$30.9亿+62.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)29.4%+15.6 百分点 对比去年同期营业利润 $9.08亿
净利润(TTM)$9.92亿+184.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)$12亿+135.1% 对比去年同期资本支出 $662万
稀释EPS(TTM)$4.90+181.6% 对比去年同期最近4个季度之和
净现金$30亿+36.4% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $176亿 EV $163亿
- 营收
- $30.9亿 过去12个月
- 营收增速
- +54% FY2026年一致预期
- 净利润率
- 32.1% 净利润 / 营收,TTM
- P/E
- 17.7× 预期 16.9×(FY2026)
- P/S
- 5.7× 股价 / 营收,TTM
- EV / EBITDA
- 15.9× TTM
- 自由现金流
- $12亿 过去12个月
- 净利润
- $9.92亿 过去12个月
- 营收预期
- $33.9亿 FY2026年一致预期
- 盈利
- 2027-02-04 营收预期 $10.2亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收超预期2.3%,EPS 超预期5.3%营收$8.95亿,预期$8.75亿(+2.3%);EPS $1.40,预期$1.33(+5.3%)。
- 营收增长放缓:同比53.0%Q3 '26营收$8.95亿,此前四个季度的平均值为66.9%。
- 营业利润率29.4%(TTM),较去年同期+15.6 百分点营收增长62.2%,营业利润增长245.2%。
- 资本支出占营收的0.2%(去年为0.2%)最近4个季度投入$662万(同比+50.9%)。自由现金流$12亿,相当于净利润的120.8%。
- 股东回报$3.4亿 = 自由现金流的28.4%回购$3.4亿(去年为$0),股息$0,股权激励$3.86亿(TTM)。
- 稀释股数一年内减少0.4%Q3 '26稀释股数2.02亿,一年前为2.03亿。
- 净现金 $30亿现金 + 短期投资 $30.3亿,含租赁债务 $3140万;一年前净现金 $22亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $8.95亿 | $5.85亿 | +53.0% |
| 毛利率 | 91.5% | 91.0% | +0.5 百分点 |
| 营业利润 | $2.62亿 | $1.39亿 | +88.8% |
| 营业利润率 | 29.2% | 23.7% | +5.5 百分点 |
| 净利润 | $2.83亿 | $1.63亿 | +74.1% |
| 稀释EPS | $1.40 | $0.80 | +75.0% |
| 经营现金流 | $3.64亿 | $1.85亿 | +96.5% |
| 资本支出 | $123万 | $206万 | -40.3% |
| 自由现金流 | $3.63亿 | $1.83亿 | +98.0% |
| R&D | $2.64亿 | $1.96亿 | +34.2% |
| 股权激励费用 | $1.31亿 | $8350万 | +57.2% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $8.95亿 | $8.75亿 | +2.3% |
| EPS(一致预期口径) | $1.40 | $1.33 | +5.3% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Advertising | $8.47亿 | +54.2% | 94.6% | $29.2亿 | +44.7% | |
| Other Revenue | $4800万 | +34.8% | 5.4% | $1.66亿 | +0.3% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $7.19亿 | +49.9% | 80.3% | $24.7亿 | +59.1% | |
| Non-US | $1.76亿 | +67.1% | 19.7% | $6.23亿 | +75.7% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $12亿
- 资本支出
- -$662万
- 股票回购
- -$3.4亿
- 股息
- $0
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $3.86亿
- 自由现金流
- $12亿
- 股东回报 / FCF
- 28.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 17.7× | 80.9× 5年中的1年 | 80.9× – 80.9× |
| EV / EBITDA | 15.9× | 77.0× 5年中的1年 | 77.0× – 77.0× |
| EV / 营收 | 5.3× | 15.4× | 9.8× – 22.3× |
| 股价 / FCF | 14.7× | 99.6× 5年中的2年 | 62.6× – 136.6× |
| 股价 / 净资产 | 4.9× | 9.8× 5年中的4年 | 5.3× – 14.6× |
| FCF收益率 | 6.8% | -0.3% | -1.6% – 1.6% |
| 投入资本回报率 | 24.8% | -8.0% | -25.8% – 14.9% |
| 净资产收益率 | 30.6% | -0.3% | -22.7% – 22.0% |
分析师
一致目标价 $192.90 (+110.4%)
区间 $120.00 – $265.00 · 评级 Buy
强烈买入1
买入17
持有12
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $33.9亿 | +53.8% | $5.43 | +107.4% | 16.9× | 19 |
| FY2027 | $43.7亿 | +28.9% | $6.86 | +26.3% | 13.4× | 23 |
| FY2028 | $54亿 | +23.7% | $8.52 | +24.2% | 10.8× | 23 |
| FY2029 | $60亿 | +11.0% | $10.10 | +18.5% | 9.1× | 10 |
| FY2030 | $64.2亿 | +7.1% | $11.90 | +17.8% | 7.7× | 10 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Reddit, Inc.在近期10-Q / 10-K文件中标记的全部207项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $10亿2026-02-04 | – | – | – | – | – | |
| Accounts Payable, Current | $1.1亿 | $7310万 | +50.9% | $6290万 | $4540万 | +38.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $7.3亿 | $4.88亿 | +49.7% | $5.9亿 | $3.5亿 | +68.8% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $307万 | $678万 | -54.7% | $2820万 | $4340万 | -35.0% |
| Accrued Liabilities, Current | $2.39亿 | $1.48亿 | +60.8% | $2.01亿 | $1.24亿 | +61.8% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1630万2025-12-31 | $1120万 | +45.3% | $1630万 | $1120万 | +45.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1400万 | $381万 | -468.2% | $436万 | $2.4万 | +18,083.3% |
| Additional Paid in Capital | $35.3亿 | $35.3亿 | -0.1% | $36亿 | $33.3亿 | +7.9% |
| Advertising Expense | – | – | – | $1.02亿 | $0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.31亿 | $8350万 | +57.2% | $3.43亿 | $8.02亿 | -57.2% |
| Assets | $39.6亿 | $28.8亿 | +37.7% | $32.4亿 | $23.4亿 | +38.6% |
| Assets, Current | $38.6亿 | $27.7亿 | +39.2% | $31.4亿 | $22.2亿 | +41.0% |
| Assets, Fair Value Disclosure | $28.8亿 | $21.5亿 | +33.7% | $23.9亿 | $17.8亿 | +33.8% |
| Cash and Cash Equivalents, at Carrying Value | $13.6亿 | $9.12亿 | +48.9% | $9.54亿 | $5.62亿 | +69.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $13.6亿 | $9.12亿 | +48.9% | $9.54亿 | $5.62亿 | +69.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.29亿 | $1.78亿 | -172.8% | $3.91亿 | $1.61亿 | +143.2% |
| Common Stock, Capital Shares Reserved for Future Issuance | 6750万 | 6390万 | +5.7% | 6240万 | 6390万 | -2.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2.74亿 | $1.63亿 | +68.3% | $5.34亿 | -$4.85亿 | +210.1% |
| Contract with Customer, Liability | $3880万 | $2040万 | +90.2% | $1810万 | $1490万 | +21.5% |
| Contract with Customer, Liability, Current | $3880万 | $2030万 | +90.9% | $1800万 | $1480万 | +21.8% |
| Contract with Customer, Liability, Revenue Recognized | $1510万2026-03-31 | $0 | – | $720万2024-12-31 | $780万 | -7.7% |
| Conversion of Stock, Amount Converted | $02025-12-31 | $0 | – | $0 | $18.5亿 | -100.0% |
| Cost of Goods and Services Sold | $7580万 | $5250万 | +44.3% | $1.94亿 | $1.24亿 | +57.1% |
| Costs and Expenses | $6.33亿 | $4.46亿 | +41.9% | $17.6亿 | $18.6亿 | -5.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | -$14.1万 | +100.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $271万 | $85.1万 | +218.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $360万 | $118万 | +203.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $88.9万 | $47.4万 | +87.6% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $2.8万 | $227万 | -98.8% | $218万 | $164万 | +32.8% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $1270万 | $18.9万 | +6,620.6% | $14.9万 | $56.6万 | -73.7% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | $0 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $7.44亿 | $5.03亿 | +47.9% | $6.37亿 | $2.88亿 | +121.0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $9.45亿 | $8.09亿 | +16.7% | $8.84亿 | $9.89亿 | -10.6% |
| Debt Securities, Available-for-sale, Current | $16.8亿 | $13.1亿 | +27.5% | $15.2亿 | $12.8亿 | +19.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | -$23.7万 | +100.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$463万 | -$188万 | -146.4% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$463万 | -$212万 | -118.8% |
| Deferred Tax Assets, Gross | $7.94亿2025-12-31 | $5.9亿 | +34.6% | $7.94亿 | $5.9亿 | +34.6% |
| Deferred Tax Assets, Net | $679万2025-12-31 | $217万 | +213.0% | $679万 | $217万 | +213.0% |
| Deferred Tax Assets, Net of Valuation Allowance | $1530万2025-12-31 | $1730万 | -11.8% | $1530万 | $1730万 | -11.8% |
| Deferred Tax Assets, Operating Loss Carryforwards | $4.04亿2025-12-31 | $1.5亿 | +170.0% | $4.04亿 | $1.5亿 | +170.0% |
| Deferred Tax Assets, Other | $1210万2025-12-31 | $1340万 | -9.3% | $1210万 | $1340万 | -9.3% |
| Deferred Tax Assets, Tax Credit Carryforwards | $1.99亿2025-12-31 | $1.24亿 | +60.3% | $1.99亿 | $1.24亿 | +60.3% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $1690万2025-12-31 | $2860万 | -40.8% | $1690万 | $2860万 | -40.8% |
| Deferred Tax Assets, Valuation Allowance | $7.79亿2025-12-31 | $5.73亿 | +36.0% | $7.79亿 | $5.73亿 | +36.0% |
| Deferred Tax Liabilities, Gross | $850万2025-12-31 | $1520万 | -44.0% | $850万 | $1520万 | -44.0% |
| Deferred Tax Liabilities, Intangible Assets | $356万2025-12-31 | $973万 | -63.4% | $356万 | $973万 | -63.4% |
| Deferred Tax Liabilities, Leasing Arrangements | $494万2025-12-31 | $544万 | -9.1% | $494万 | $544万 | -9.1% |
| Defined Contribution Plan, Cost | – | – | – | $1230万 | $1150万 | +7.0% |
| Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | – | – | – | 100.0% | 100.0% | 0.0% |
| Depreciation, Depletion and Amortization | $426万 | $390万 | +9.2% | $1590万 | $1560万 | +1.9% |
| Earnings Per Share, Basic | $1.47 | $0.87 | +69.0% | $2.84 | -$3.33 | +185.3% |
| Earnings Per Share, Diluted | $1.40 | $0.80 | +75.0% | $2.62 | -$3.33 | +178.7% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $1.11亿 | – | – |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | – | – | – | $1.72亿 | – | – |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent | – | – | – | 32.6% | -71.0% | +145.9% |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount | – | – | – | $130万 | – | – |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent | – | – | – | 0.3% | – | – |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Percent | – | – | – | 44.4%2024-12-31 | 3.9% | +1,038.5% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-02