Earnings quality
Compare earnings and operating cash flow for earnings quality.
Reddit, Inc.
Ticker RDDT · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-02-06 · Period end 2025-12-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 20.1%; equity ratio is 90.4%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin20.1%
Equity ratio90.4%
Last priceUSD 90.97
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Reddit, Inc. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel (415) 494-8016 · As of filing date 2026-02-06
Financial statements
Income statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Revenue | $1.3B | $2.2B |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit | -$560.6M | $442.0M |
| Income tax | -$931,000 | -$1.0M |
| Net income | -$484.3M | $529.7M |
| Basic EPS | — | — |
Balance sheet
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Cash & equivalents | $562.1M | $953.6M |
| Current assets | $2.2B | $3.1B |
| Non-current assets* | $113.2M | $103.2M |
| Total assets | $2.3B | $3.2B |
| Current liabilities | $176.0M | $271.3M |
| Non-current liabilities* | $29.8M | $38.9M |
| Total liabilities | $205.8M | $310.1M |
| Stockholders’ equity | $2.1B | $2.9B |
Cash flow statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Operating cash flow | $222.1M | $690.9M |
| Investing cash flow | -$440.7M | -$218.9M |
| Financing cash flow | $379.5M | -$80.6M |
| Cash at end of period | $562.1M | $953.6M |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $666.7M | $804.0M | $1.3B | $2.2B | |
| Operating profit | -$172.2M | -$140.2M | -$560.6M | $442.0M | |
| Net income | -$158.6M | -$90.8M | -$484.3M | $529.7M | |
| Total assets | — | $1.6B | $2.3B | $3.2B | |
| Cash & equivalents | $435.8M | $401.2M | $562.1M | $953.6M | |
| Stockholders’ equity | -$379.1M | -$412.9M | $2.1B | $2.9B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $1.3B to $2.2B (▲ +69.4%). Operating profit went from -$560.6M to $442.0M (▲ +178.8%).
Operating cash flow was $690.9M (prior $222.1M), with cash on the balance sheet at $953.6M versus $562.1M.
Liquidity & leverage
Cash moved from $562.1M to $953.6M; current liabilities $271.3M.
Capital buffer
Stockholders’ equity moved from $2.1B to $2.9B.
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Source: SEC EDGAR 0001713445-26-000022
(Reddit, Inc.), period end 2025-12-31.