reddit inc - RDDT

RDDT

Close Chg Chg %
89.00 21.94 24.65%

Pre-Market

110.94

+21.94 (24.65%)

Volume: 13.91M

Last Updated:

Apr 9, 2025, 3:59 PM EDT

Company Overview: reddit inc - RDDT

RDDT Key Data

Open

$88.37

Day Range

87.12 - 113.90

52 Week Range

37.35 - 230.33

Market Cap

$16.08B

Shares Outstanding

180.90M

Public Float

110.31M

Beta

2.98

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$3.02

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

10.43M

 

RDDT Performance

1 Week
 
27.56%
 
1 Month
 
-17.26%
 
3 Months
 
-33.65%
 
1 Year
 
162.27%
 
5 Years
 
N/A
 

RDDT Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 27
Full Ratings ➔

About reddit inc - RDDT

Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. It provides online news services where users can select and rank web content. The firm also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.

RDDT At a Glance

Reddit, Inc.
303 2nd Street, South Tower
San Francisco, California 94107
Phone 1-415-494-8016 Revenue 1.30B
Industry Internet Software/Services Net Income -484,276,000.00
Sector Technology Services 2024 Sales Growth 61.711%
Fiscal Year-end 12 / 2025 Employees 2,233
View SEC Filings

RDDT Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 22.666
Price to Book Ratio 13.831
Price to Cash Flow Ratio 132.711
Enterprise Value to EBITDA -50.753
Enterprise Value to Sales 21.271
Total Debt to Enterprise Value 0.001

RDDT Efficiency

Revenue/Employee 582,268.249
Income Per Employee -216,872.369
Receivables Turnover 3.555
Total Asset Turnover 0.661

RDDT Liquidity

Current Ratio 12.631
Quick Ratio 12.631
Cash Ratio 10.458

RDDT Profitability

Gross Margin 89.291
Operating Margin -43.114
Pretax Margin -37.318
Net Margin -37.246
Return on Assets -24.626
Return on Equity -27.12
Return on Total Capital -22.447
Return on Invested Capital -26.801

RDDT Capital Structure

Total Debt to Total Equity 1.253
Total Debt to Total Capital 1.238
Total Debt to Total Assets 1.143
Long-Term Debt to Equity 0.965
Long-Term Debt to Total Capital 0.953
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Reddit Inc - RDDT

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
484.92M 666.70M 804.03M 1.30B
Sales Growth
+111.84% +37.49% +20.60% +61.71%
Cost of Goods Sold (COGS) incl D&A
72.56M 112.08M 124.56M 139.24M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
2.81M 8.00M 13.70M 15.64M
Depreciation
2.20M 3.70M 4.70M 6.44M
Amortization of Intangibles
613.00K 4.30M 9.00M 9.20M
COGS Growth
+31.87% +54.46% +11.13% +11.78%
Gross Income
412.35M 554.62M 679.47M 1.16B
Gross Income Growth
+137.14% +34.50% +22.51% +70.86%
Gross Profit Margin
+85.04% +83.19% +84.51% +89.29%
2021 2022 2023 2024 5-year trend
SG&A Expense
538.68M 726.78M 819.63M 1.72B
Research & Development
256.98M 360.48M 430.35M 925.63M
Other SG&A
281.71M 366.30M 389.28M 795.90M
SGA Growth
+127.83% +34.92% +12.78% +110.04%
Other Operating Expense
- - - -
-
Unusual Expense
- - - 879.00K
-
EBIT after Unusual Expense
(127.21M) (172.16M) (140.16M) (560.57M)
Non Operating Income/Expense
(343.00K) 14.23M 53.14M 75.36M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - - -
-
Interest Expense Growth
- - - -
-
Gross Interest Expense
- - - -
-
Interest Capitalized
- - - -
-
Pretax Income
(127.56M) (157.93M) (87.02M) (485.21M)
Pretax Income Growth
-115.94% -23.81% +44.90% -457.56%
Pretax Margin
-26.30% -23.69% -10.82% -37.32%
Income Tax
340.00K 622.00K 3.80M (931.00K)
Income Tax - Current - Domestic
61.00K 1.47M 2.42M 333.00K
Income Tax - Current - Foreign
279.00K 1.23M 1.47M 851.00K
Income Tax - Deferred - Domestic
- - (1.77M) (237.00K)
-
Income Tax - Deferred - Foreign
- (311.00K) (90.00K) (1.88M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(127.90M) (158.55M) (90.82M) (484.28M)
Minority Interest Expense
- - - -
-
Net Income
(127.90M) (158.55M) (90.82M) (484.28M)
Net Income Growth
-116.14% -23.97% +42.72% -433.20%
Net Margin Growth
-26.37% -23.78% -11.30% -37.25%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(127.90M) (158.55M) (90.82M) (484.28M)
Preferred Dividends
- - - -
-
Net Income Available to Common
(127.90M) (158.55M) (90.82M) (484.28M)
EPS (Basic)
-0.783 -0.9706 -0.556 -2.6857
EPS (Basic) Growth
-116.18% -23.96% +42.72% -383.04%
Basic Shares Outstanding
163.35M 163.35M 163.35M 180.32M
EPS (Diluted)
-0.783 -0.9706 -0.556 -2.6857
EPS (Diluted) Growth
-116.18% -23.96% +42.72% -383.04%
Diluted Shares Outstanding
163.35M 163.35M 163.35M 180.32M
EBITDA
(123.52M) (164.16M) (126.46M) (544.92M)
EBITDA Growth
-103.75% -32.90% +22.97% -330.91%
EBITDA Margin
-25.47% -24.62% -15.73% -41.91%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 182.348
Number of Ratings 27 Current Quarters Estimate 0.133
FY Report Date 06 / 2025 Current Year's Estimate 1.134
Last Quarter’s Earnings 0.01 Median PE on CY Estimate N/A
Year Ago Earnings -3.33 Next Fiscal Year Estimate 2.241
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 19 19 21 20
Mean Estimate 0.13 0.34 1.13 2.24
High Estimates 0.26 0.50 1.45 3.39
Low Estimate 0.04 0.21 0.64 1.26
Coefficient of Variance 40.73 23.75 17.76 24.11

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 14 13 13
OVERWEIGHT 2 2 1
HOLD 9 8 7
UNDERWEIGHT 1 1 1
SELL 1 1 0
MEAN Overweight Overweight Overweight

Insider Actions for Reddit Inc - RDDT

Date Name Shares Transaction Value
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 3,455,545 Conversion of derivative security 0.00
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 577,013 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $105.78 per share 61,036,435.14
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 591,013 Conversion of derivative security 0.00
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 590,713 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $98.62 per share 58,256,116.06
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 590,134 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $99.87 per share 58,936,682.58
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 588,334 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $101.01 per share 59,427,617.34
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 586,434 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $101.98 per share 59,804,539.32
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 584,334 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $102.85 per share 60,098,751.90
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 582,593 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $103.98 per share 60,578,020.14
Apr 4, 2025 Steven Ladd Huffman CEO & President; Director 577,713 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $104.89 per share 60,596,316.57
Mar 17, 2025 David C. Habiger Director 30,421 Open market or private purchase of non-derivative security Non-derivative transaction at $129.71 per share 3,945,907.91
Mar 17, 2025 David C. Habiger Director 30,808 Open market or private purchase of non-derivative security Non-derivative transaction at $131 per share 4,035,848.00
Mar 7, 2025 Ben Lee Chief Legal Officer 207,300 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $7.92 per share 1,641,816.00
Mar 7, 2025 Ben Lee Chief Legal Officer 203,812 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $150.43 per share 30,659,439.16
Mar 7, 2025 Ben Lee Chief Legal Officer 172,758 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $155.63 per share 26,886,327.54
Mar 7, 2025 Ben Lee Chief Legal Officer 181,875 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $153.42 per share 27,903,262.50
Mar 7, 2025 Ben Lee Chief Legal Officer 179,675 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $154.66 per share 27,788,535.50
Mar 7, 2025 Ben Lee Chief Legal Officer 186,025 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $152.54 per share 28,376,253.50
Mar 7, 2025 Ben Lee Chief Legal Officer 195,725 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $151.63 per share 29,677,781.75
Mar 7, 2025 Ben Lee Chief Legal Officer 205,700 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $149.17 per share 30,684,269.00

Reddit Inc in the News