$RDDT
Reddit Inc

2024 Q3 Form 10-Q Financial Statement

#000171344524000102 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $348.4M $207.5M
YoY Change 67.87% 20.97%
Cost Of Revenue $34.63M $26.40M
YoY Change 31.21% -6.34%
Gross Profit $313.7M $181.1M
YoY Change 73.22% 26.34%
Gross Profit Margin 90.06% 87.28%
Selling, General & Admin $140.2M $91.07M
YoY Change 53.91% -8.17%
% of Gross Profit 44.68% 50.28%
Research & Development $166.7M $106.3M
YoY Change 56.76% 11.78%
% of Gross Profit 53.14% 58.71%
Depreciation & Amortization $3.969M $9.947M
YoY Change -60.1% 258.71%
% of Gross Profit 1.27% 5.49%
Operating Expenses $306.9M $200.7M
YoY Change 52.9% 3.29%
Operating Profit $6.854M -$19.58M
YoY Change -135.0% -61.56%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $22.97M $12.65M
YoY Change 81.61% 212.81%
Pretax Income $29.82M -$6.938M
YoY Change -529.84% -85.21%
Income Tax -$31.00K $445.0K
% Of Pretax Income -0.1%
Net Earnings $29.85M -$7.383M
YoY Change -504.35% -83.7%
Net Earnings / Revenue 8.57% -3.56%
Basic Earnings Per Share $0.18 -$0.13
Diluted Earnings Per Share $0.16 -$0.05
COMMON SHARES
Basic Shares Outstanding 169.2M shares 58.86M shares
Diluted Shares Outstanding 192.3M shares 58.86M shares

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.745B $1.221B
YoY Change 42.85% -5.96%
Cash & Equivalents $515.9M $434.3M
Short-Term Investments $1.229B $787.2M
Other Short-Term Assets $2.522M $16.84M
YoY Change -85.02% -33.42%
Inventory
Prepaid Expenses $19.42M
Receivables $283.9M $192.7M
Other Receivables $6.533M $6.137M
Total Short-Term Assets $2.061B $1.437B
YoY Change 43.4% -3.34%
LONG-TERM ASSETS
Property, Plant & Equipment $13.78M $39.02M
YoY Change -64.69% 15.39%
Goodwill $42.17M
YoY Change
Intangibles $27.90M
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.152M $18.67M
YoY Change -83.12% 18.12%
Total Long-Term Assets $110.9M $118.4M
YoY Change -6.34% -0.59%
TOTAL ASSETS
Total Short-Term Assets $2.061B $1.437B
Total Long-Term Assets $110.9M $118.4M
Total Assets $2.172B $1.556B
YoY Change 39.61% -3.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.04M $35.32M
YoY Change 75.65% -1.81%
Accrued Expenses $104.8M $78.91M
YoY Change 32.86% 35.3%
Deferred Revenue $12.88M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $172.3M $133.8M
YoY Change 28.77% 25.82%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $249.0K $23.49M
YoY Change -98.94% 11.02%
Total Long-Term Liabilities $249.0K $23.49M
YoY Change -98.94% 11.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $172.3M $133.8M
Total Long-Term Liabilities $249.0K $23.49M
Total Liabilities $194.1M $157.3M
YoY Change 23.4% 23.37%
SHAREHOLDERS EQUITY
Retained Earnings -$1.272B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.978B $1.398B
YoY Change
Total Liabilities & Shareholders Equity $2.172B $1.556B
YoY Change 39.61% -3.14%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $29.85M -$7.383M
YoY Change -504.35% -83.7%
Depreciation, Depletion And Amortization $3.969M $9.947M
YoY Change -60.1% 258.71%
Cash From Operating Activities $71.62M -$57.68M
YoY Change -224.17% 74.14%
INVESTING ACTIVITIES
Capital Expenditures $1.353M $5.122M
YoY Change -73.58% 107.45%
Acquisitions $17.14M $0.00
YoY Change
Other Investing Activities -$487.0K $64.83M
YoY Change -100.75% -196.89%
Cash From Investing Activities $7.943M $59.70M
YoY Change -86.7% -186.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.585M
YoY Change 243.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$31.62M -3.519M
YoY Change 798.61% 127.91%
NET CHANGE
Cash From Operating Activities $71.62M -57.68M
Cash From Investing Activities $7.943M 59.70M
Cash From Financing Activities -$31.62M -3.519M
Net Change In Cash $47.94M -1.496M
YoY Change -3304.75% -98.56%
FREE CASH FLOW
Cash From Operating Activities $71.62M -$57.68M
Capital Expenditures $1.353M $5.122M
Free Cash Flow $70.27M -$62.80M
YoY Change -211.89% 76.45%

Facts In Submission

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<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. Description of Business</span></div><div style="margin-bottom:9pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Description of Business</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reddit, Inc. (“Reddit,” “we,” “our,” or “us”) was incorporated in the state of Delaware. Our mission is to bring community, belonging, and empowerment to everyone in the world. We built Reddit with the belief that communities unlock the power of human creativity and create a sense of belonging and empowerment for their members. We believe the world needs community more than ever, and that this represents our greatest opportunity to further enrich the lives of everyone in the world. We are headquartered in San Francisco, California, and have several offices around the world.</span></div>
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us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Management’s estimates are based on historical information available as of the date of the consolidated financial statements and various other assumptions that we believe are reasonable under the circumstances. Actual results could differ materially from those estimates.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant estimates relate primarily to determining the fair value of stock-based awards, the fair value of assets and liabilities assumed in business combinations, and the incremental borrowing rate used to determine operating lease right-of-use assets and lease liabilities. On an ongoing basis, management evaluates our estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities.</span></div>
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
16500000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, marketable securities, and accounts receivable. We maintain cash and cash equivalents with several financial institutions. We believe that the financial institutions that hold our cash and cash equivalents are financially sound and, accordingly, minimal credit risks exist with respect to these balances. We maintain investments in U.S. and non-U.S. government securities, investment-grade corporate and government agency securities, certificates of deposit, commercial paper, and money market accounts that carry high credit ratings and accordingly, minimal credit risk exists with respect to these balances.</span></div>
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
872498000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
554279000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348351000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
207508000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
872498000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
554279000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
13000000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7400000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7100000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7400000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
294800000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
30500000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
121100000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
116000000 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08
CY2024Q1 rddt Temporary Equity Convertible Conversion Ratio
TemporaryEquityConvertibleConversionRatio
1
CY2024Q1 rddt Temporary Equity Convertible Conversion Ratio
TemporaryEquityConvertibleConversionRatio
1
CY2024Q3 rddt Assets Amortized Cost
AssetsAmortizedCost
1660340000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3741000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
53000 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1664028000 usd
CY2023Q4 rddt Assets Amortized Cost
AssetsAmortizedCost
1166672000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1178000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
364000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1167486000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1100000000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
165500000 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
19424000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
11930000 usd
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
6533000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4695000 usd
CY2024Q3 us-gaap Interest Receivable Current
InterestReceivableCurrent
3495000 usd
CY2023Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
3071000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
2522000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1590000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
31974000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
21286000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
24466000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
21733000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10691000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6787000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13775000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14946000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
59667000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
37964000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12879000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7250000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
17259000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26740000 usd
CY2024Q3 rddt Revenue Share Payable Current
RevenueSharePayableCurrent
2499000 usd
CY2023Q4 rddt Revenue Share Payable Current
RevenueSharePayableCurrent
2549000 usd
CY2024Q3 rddt Holdback Liability From Acquisitions Current
HoldbackLiabilityFromAcquisitionsCurrent
0 usd
CY2023Q4 rddt Holdback Liability From Acquisitions Current
HoldbackLiabilityFromAcquisitionsCurrent
6111000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12540000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2735000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
104844000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
83349000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
26299000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
15875000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
42174000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
48060000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20172000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27888000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
43760000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13440000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
30320000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6800000 usd
CY2024Q3 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
5000000.0 usd
us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0015
CY2024Q3 rddt Number Of Classes Of Common Stock
NumberOfClassesOfCommonStock
3 class
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q1 rddt Share Based Compensation Arrangement By Share Based Payment Award Annual Increase In Shares Authorized As A Percent Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardAnnualIncreaseInSharesAuthorizedAsAPercentOfSharesOutstanding
0.05
CY2024Q1 rddt Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized To Be Issued Upon Exercise Of Stock Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorizedToBeIssuedUponExerciseOfStockOptions
185735952 shares
CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
70073132 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
139700734 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
26886533 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
29.17
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
5012578 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
49.80
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
16776644 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
29.41
rddt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Forfeited And Canceled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionForfeitedAndCanceledInPeriod
1293226 shares
rddt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures And Cancellations Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresAndCancellationsWeightedAverageGrantDateFairValue
29.92
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
13829241 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
36.29
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
13829241 shares
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
328100000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
29795909 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.83
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
500472000 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
11047254 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.70
rddt Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Cancellations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndCancellationsInPeriod
89715 shares
rddt Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Cancellations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndCancellationsInPeriodWeightedAverageExercisePrice
8.87
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18658940 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.06
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M1D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
798086000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
10950664 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.31
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y14D
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
603000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
18658940 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
25.06
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y2M1D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
798086000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18658940 shares
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
119900000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
74758000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9392000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
716532000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31975000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001713445-24-000102.txt Edgar Link pending
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exhibit311q324.htm Edgar Link pending
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rddt-20240930.htm Edgar Link pending
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