Reddit Inc - Understand $rddt stock

$RDDT Market Cap: $21.91 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.122B

TTM

Gross Margin

89.16%

TTM

Net Earnings

-$536.8M

TTM

Current Assets

$2.061B

Q3 2024

Current Liabilities

$172.3M

Q3 2024

Current Ratio

1196.18%

Q3 2024

Total Assets

$2.172B

Q3 2024

Total Liabilities

$194.1M

Q3 2024

Book Value

$1.978B

Q3 2024

Cash

$515.9M

Q3 2024

P/E

-40.82

Nov 15, 2024 EST

Free Cash Flow

$104.6M

TTM

Revenues

Revenue YoY Change

Revenues

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

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020
Revenue	$804.0M	$666.7M	$484.9M	$228.9M
Cost Of Revenue	$111.0M	$104.8M	$72.57M	$55.03M
Gross Profit	$693.0M	$561.9M	$412.4M	$173.9M
Gross Profit Margin	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	2023	2022	2021	2020
Selling, General & Admin	$389.3M	$368.9M	$282.6M	$118.9M
YoY Change	5.53%	30.54%	137.64%
% of Gross Profit	56.17%	65.65%	68.53%	68.39%
Research & Development	$430.3M	$365.2M	$257.0M	$117.5M
YoY Change	17.85%	42.1%	118.65%
% of Gross Profit	62.1%	64.99%	62.32%	67.59%
Depreciation & Amortization	$13.70M	$8.000M	$2.813M	$1.934M
YoY Change	71.28%	184.39%	45.45%
% of Gross Profit	1.98%	1.42%	0.68%	1.11%
Operating Expenses	$833.2M	$734.1M	$539.6M	$236.4M
YoY Change	13.5%	36.05%	128.2%
Operating Profit	-$140.2M	-$172.2M	-$127.2M	-$62.56M
YoY Change	-18.59%	35.33%	103.36%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

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

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

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

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	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

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $21.909 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 in the world 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. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends.

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