$RDDT Market Cap: $27.08 Billion
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Financial Snapshot

Revenue
$872.5M
TTM
Gross Margin
89.4%
TTM
Net Earnings
-$555.3M
TTM
Current Assets
$2.223B
Q4 2024
Current Liabilities
$176.0M
Q4 2024
Current Ratio
1263.12%
Q4 2024
Total Assets
$2.337B
Q4 2024
Total Liabilities
$205.8M
Q4 2024
Book Value
$2.131B
Q4 2024
Cash
$562.1M
Q4 2024
P/E
-48.76
Nov 29, 2024 EST
Free Cash Flow
$126.7M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020
Revenue $1.300B $804.0M $666.7M $484.9M $228.9M
YoY Change 61.71% 20.6% 37.49% 111.84%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020
Revenue $1.300B $804.0M $666.7M $484.9M $228.9M
Cost Of Revenue $123.6M $111.0M $104.8M $72.57M $55.03M
Gross Profit $1.177B $693.0M $561.9M $412.4M $173.9M
Gross Profit Margin 90.49% 86.19% 84.28% 85.04% 75.96%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2024 2023 2022 2021 2020
Selling, General & Admin $802.0M $389.3M $368.9M $282.6M $118.9M
YoY Change 106.03% 5.53% 30.54% 137.64%
% of Gross Profit 68.16% 56.17% 65.65% 68.53% 68.39%
Research & Development $935.2M $430.3M $365.2M $257.0M $117.5M
YoY Change 117.3% 17.85% 42.1% 118.65%
% of Gross Profit 79.48% 62.1% 64.99% 62.32% 67.59%
Depreciation & Amortization $15.64M $13.70M $8.000M $2.813M $1.934M
YoY Change 14.17% 71.28% 184.39% 45.45%
% of Gross Profit 1.33% 1.98% 1.42% 0.68% 1.11%
Operating Expenses $1.737B $833.2M $734.1M $539.6M $236.4M
YoY Change 108.5% 13.5% 36.05% 128.2%
Operating Profit -$560.6M -$140.2M -$172.2M -$127.2M -$62.56M
YoY Change 299.95% -18.59% 35.33% 103.36%

Interest Expenses

No data

Interest Expenses To Operating Income %

No data

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $75.36M $53.14M $14.23M -$343.0K $3.486M
YoY Change 41.82% 273.32% -4249.85% -109.84%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

No data

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020
Pretax Income -$485.2M -$87.02M -$157.9M -$127.6M -$59.07M
YoY Change 457.56% -44.9% 23.81% 115.94%
Income Tax -$931.0K $3.801M $622.0K $340.0K $102.0K
% Of Pretax Income
Net Earnings -$484.3M -$90.82M -$158.6M -$127.9M -$59.17M
YoY Change 433.2% -42.72% 23.97% 116.14%
Net Earnings / Revenue -37.25% -11.3% -23.78% -26.37% -25.85%
Basic Earnings Per Share -$3.33 -$1.54 -$2.77
Diluted Earnings Per Share -$3.33 -$0.57 -$1.00 -$0.80 -$0.37

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

No data

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020
Cash & Short-Term Investments $1.213B $1.267B $1.413B $362.6M
YoY Change -4.22% -10.37% 289.68%
Cash & Equivalents $401.2M $435.8M $1.338B $111.9M
Short-Term Investments $811.9M $830.7M $75.33M $250.7M
Other Short-Term Assets $13.52M $18.30M $25.29M $18.62M
YoY Change -26.13% -27.64% 35.82%
Inventory
Prepaid Expenses
Receivables $245.3M $192.0M $161.7M $86.52M
Other Receivables $7.766M $7.094M $772.0K $5.928M
Total Short-Term Assets $1.480B $1.484B $1.601B $473.7M
YoY Change -0.29% -7.31% 237.95%
Property, Plant & Equipment $38.95M $30.54M $22.83M $29.37M
YoY Change 27.53% 33.78% -22.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $4.602M
YoY Change -100.0%
Other Assets $19.38M $17.70M $9.272M $9.230M
YoY Change 9.47% 90.94% 0.46%
Total Long-Term Assets $116.8M $115.8M $44.24M $50.44M
YoY Change 0.86% 161.74% -12.29%
Total Assets $1.596B $1.600B $1.645B $524.1M
YoY Change
Accounts Payable $46.51M $32.94M $22.89M $9.348M
YoY Change 41.19% 43.91% 144.89%
Accrued Expenses $68.41M $60.23M $36.03M $22.63M
YoY Change 13.58% 67.2% 59.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $133.6M $106.5M $70.46M $49.75M
YoY Change 25.47% 51.1% 41.63%
Long-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $22.33M $18.83M $7.174M $15.26M
YoY Change 18.6% 162.42% -52.99%
Total Long-Term Liabilities $22.33M $18.83M $7.174M $15.26M
YoY Change 18.6% 162.42% -52.99%
Total Liabilities $155.9M $125.3M $77.63M $65.01M
YoY Change 24.44% 61.38% 19.42%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020
Basic Shares Outstanding 145.5M shares 59.14M shares 57.25M shares
Diluted Shares Outstanding 145.5M shares 59.14M shares 57.25M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $27.079 Billion

About Reddit, Inc.

Reddit is an online platform that enables users to submit links, create content, and have discussions about the topics of their interest. The company is headquartered in San Francisco, California and currently employs 2,013 full-time employees. The company went IPO on 2024-03-21. The firm operates mobile applications and a Website that allows users to form communities and create and share content. Reddit is focused on bringing community, belonging, and empowerment to everyone in the world. Reddit is a global, digital city where anyone can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversation, and authentic human connections. The company offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends. The company offers Memorable AI, that uses generative artificial intelligence to help marketers create better advertisements. Memorable AI technology help advertisers to find the effective text, images and videos to use in their sponsored messages.

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