Reddit, Inc. (RDDT) Balance Sheet
RDDT balance sheet, 2025
December 31, 2025 · U.S. dollars$3.24B assets = $310.1M liabilities + $2.93B equity
Both columns are drawn to the same scale: what RDDT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RDDT financial health
Descriptive bands, not a rating. Fiscal 2025.
RDDT balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $524.1M2020 | $3.24B2025 | +43.9%/yr | |
| Total liabilities | $65.0M2020 | $310.1M2025 | +36.7%/yr | |
| Shareholders’ equity | $459.1M2020 | $2.93B2025 | +44.9%/yr | |
| Cash & short-term investments | $362.6M2020 | $2.48B2025 | +46.9%/yr | |
| Total debt | $19.9M2020 | $23.2M2025 | +3.1%/yr | |
| Net cash (debt) | $342.7M2020 | $2.45B2025 | +$2.1B | |
| Working capital | $424.0M2020 | $2.86B2025 | +$2.4B | |
| Book value per share | $2.812020 | $14.492025 | +38.8%/yr | |
| Debt / equity | 0.042020 | 0.012025 | −0.04 | |
| Shares outstanding | 163.3M2020 | 202.1M2025 | +4.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RDDT assets
RDDT liabilities and equity
RDDT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RDDT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $2.48B | $1.84B | $1.21B | $1.27B | $1.41B | $362.6M |
| Cash & equivalents | $953.6M | $562.1M | $401.2M | $435.8M | $1.34B | $111.9M |
| Short-term investments | $1.52B | $1.28B | $811.9M | $830.7M | $75.3M | $250.7M |
| Receivables | $590.2M | $349.5M | $253.0M | $199.1M | $162.4M | $92.4M |
| Inventory | $0 | $0 | $1 | $1 | $0 | $1 |
| Other current assets | $69.0M | $33.1M | $13.5M | $18.3M | $25.3M | $18.6M |
| Total current assets | $3.14B | $2.22B | $1.48B | $1.48B | $1.60B | $473.7M |
| Property, plant & equipment (net) | $33.5M | $35.9M | $39.0M | $30.5M | $22.8M | $29.4M |
| Goodwill & intangible assets | $57.7M | $67.6M | $56.6M | $67.5M | $12.1M | $7.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $4.6M |
| Other non-current assets | $12.0M | $9.7M | $21.2M | $17.7M | $9.3M | $9.2M |
| Total assets | $3.24B | $2.34B | $1.60B | $1.60B | $1.65B | $524.1M |
| Liabilities | ||||||
| Accounts payable | $62.9M | $45.4M | $46.5M | $32.9M | $22.9M | $9.3M |
| Short-term debt | $7.0M | $6.1M | $3.7M | $7.8M | $6.9M | $6.5M |
| Deferred revenue | $18.0M | $14.8M | $7.2M | $8.0M | $7.5M | $2.3M |
| Total current liabilities | $271.3M | $176.0M | $133.6M | $106.5M | $70.5M | $49.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $23.2M | $26.7M | $25.7M | $19.5M | $13.5M | $19.9M |
| Other long-term liabilities | $38.9M | $29.8M | $1.88B | $18.8M | $7.2M | $15.3M |
| Total liabilities | $310.1M | $205.8M | $2.01B | $125.3M | $77.6M | $65.0M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $19,000 | $17,000 | $6,000 | $6,000 | $6,000 | $5,000 |
| Retained earnings (deficit) | −$671.1M | −$1.20B | −$716.6M | −$625.7M | −$467.2M | −$247.0M |
| Accumulated other comprehensive income | $4.4M | $24,000 | $814,000 | −$3.8M | −$238,000 | $196,000 |
| Total shareholders' equity | $2.93B | $2.13B | −$412.9M | $1.47B | $1.57B | $459.1M |
| Key figures | ||||||
| Total debt | $23.2M | $26.7M | $25.7M | $19.5M | $13.5M | $19.9M |
| Net cash (debt) | $2.45B | $1.81B | $1.19B | $1.25B | $1.40B | $342.7M |
| Working capital | $2.86B | $2.05B | $1.35B | $1.38B | $1.53B | $424.0M |
| Tangible book value | $2.87B | $2.06B | −$469.5M | $1.41B | $1.56B | $451.9M |
| Book value per share | $14.49 | $11.82 | −$2.53 | $9.03 | $9.60 | $2.81 |
| Shares outstanding | 202.1M | 180.3M | 163.3M | 163.3M | 163.3M | 163.3M |
| Current ratio | 11.56 | 12.63 | 11.08 | 13.94 | 22.72 | 9.52 |
| Quick ratio | 11.31 | 12.44 | 10.98 | 13.77 | 22.36 | 9.15 |
| Debt / equity | 0.01 | 0.01 | — | 0.01 | 0.01 | 0.04 |
| Equity / assets | 90.4% | 91.2% | −25.9% | 92.2% | 95.3% | 87.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.79B | $2.77B | $2.48B | $2.23B | $2.06B | $1.95B | $1.84B | $1.74B | $1.70B | $1.67B | $1.21B | $1.22B |
| Cash & equivalents | $1.49B | $1.37B | $953.6M | $911.7M | $734.1M | $635.7M | $562.1M | $515.9M | $468.0M | $968.5M | $401.2M | $434.3M |
| Short-term investments | $1.30B | $1.40B | $1.52B | $1.31B | $1.33B | $1.32B | $1.28B | $1.23B | $1.23B | $701.8M | $811.9M | $787.2M |
| Receivables | $650.1M | $522.9M | $590.2M | $519.9M | $443.2M | $350.9M | $349.5M | $293.9M | $258.9M | $229.8M | $253.0M | $198.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 |
| Other current assets | $105.2M | $92.4M | $69.0M | $23.8M | $26.8M | $26.6M | $33.1M | $21.9M | $22.8M | $19.9M | $13.5M | $16.8M |
| Total current assets | $3.54B | $3.39B | $3.14B | $2.77B | $2.53B | $2.33B | $2.22B | $2.06B | $1.98B | $1.92B | $1.48B | $1.44B |
| Property, plant & equipment (net) | $30.4M | $30.9M | $33.5M | $35.4M | $33.5M | $35.0M | $35.9M | $37.6M | $39.3M | $37.1M | $39.0M | $39.0M |
| Goodwill & intangible assets | $52.7M | $55.2M | $57.7M | $60.2M | $62.6M | $65.1M | $67.6M | $70.1M | $54.1M | $54.4M | $56.6M | $60.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $11.8M | $12.3M | $12.0M | $11.2M | $6.1M | $8.2M | $9.7M | $3.2M | $2.3M | $4.3M | $21.2M | $18.7M |
| Total assets | $3.64B | $3.48B | $3.24B | $2.88B | $2.63B | $2.44B | $2.34B | $2.17B | $2.08B | $2.02B | $1.60B | $1.56B |
| Liabilities | ||||||||||||
| Accounts payable | $89.1M | $51.7M | $62.9M | $73.1M | $63.9M | $43.9M | $45.4M | $62.0M | $64.3M | $45.4M | $46.5M | $35.3M |
| Short-term debt | $7.8M | $7.2M | $7.0M | $6.9M | $6.6M | $6.4M | $6.1M | $5.4M | $5.4M | $4.4M | $3.7M | $3.1M |
| Deferred revenue | $38.5M | $28.3M | $18.0M | $20.3M | $18.8M | $20.7M | $14.8M | $12.9M | $9.6M | $8.5M | $7.2M | $7.3M |
| Total current liabilities | $337.7M | $265.9M | $271.3M | $228.3M | $210.8M | $186.8M | $176.0M | $172.3M | $159.5M | $156.5M | $133.6M | $133.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $20.9M | $21.3M | $23.2M | $25.0M | $25.2M | $26.6M | $26.7M | $27.0M | $28.1M | $25.2M | $25.7M | $26.3M |
| Other long-term liabilities | $13.2M | $38.7M | $38.9M | $37.4M | $34.4M | $33.1M | $29.8M | $21.8M | $23.0M | $21.1M | $22.3M | $23.5M |
| Total liabilities | $350.9M | $304.6M | $310.1M | $265.7M | $245.2M | $219.9M | $205.8M | $194.1M | $182.5M | $177.6M | $155.9M | $157.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $19,000 | $19,000 | $19,000 | $19,000 | $18,000 | $18,000 | $17,000 | $17,000 | $17,000 | $16,000 | $6,000 | $6,000 |
| Retained earnings (deficit) | −$214.3M | −$467.1M | −$671.1M | −$922.7M | −$1.09B | −$1.17B | −$1.20B | −$1.27B | −$1.30B | −$1.29B | −$716.6M | −$735.1M |
| Accumulated other comprehensive income | −$4.7M | −$979,000 | $4.4M | $3.8M | $3.7M | $1.3M | $24,000 | $4.2M | −$1.0M | −$472,000 | $814,000 | −$1.5M |
| Total shareholders' equity | $3.29B | $3.18B | $2.93B | $2.61B | $2.39B | $2.22B | $2.13B | $1.98B | $1.89B | $1.84B | $1.44B | $1.40B |
| Key figures | ||||||||||||
| Total debt | $20.9M | $21.3M | $23.2M | $25.0M | $25.2M | $26.6M | $26.7M | $27.0M | $28.1M | $25.2M | $25.7M | $26.3M |
| Net cash (debt) | $2.77B | $2.75B | $2.45B | $2.20B | $2.03B | $1.92B | $1.81B | $1.72B | $1.67B | $1.65B | $1.19B | $1.20B |
| Working capital | $3.20B | $3.12B | $2.86B | $2.54B | $2.32B | $2.14B | $2.05B | $1.89B | $1.82B | $1.76B | $1.35B | $1.30B |
| Tangible book value | $3.23B | $3.12B | $2.87B | $2.55B | $2.32B | $2.15B | $2.06B | $1.91B | $1.84B | $1.78B | $1.38B | $1.34B |
| Book value per share | $16.26 | $15.70 | $14.43 | $12.88 | $12.76 | $12.03 | $11.82 | $11.36 | $11.43 | $11.25 | $8.82 | $8.56 |
| Shares outstanding | 202.0M | 202.5M | 202.9M | 202.7M | 187.1M | 184.3M | 180.3M | 174.2M | 165.6M | 163.3M | 163.3M | 163.3M |
| Current ratio | 10.49 | 12.73 | 11.56 | 12.13 | 12.00 | 12.46 | 12.63 | 11.96 | 12.42 | 12.27 | 11.08 | 10.74 |
| Quick ratio | 10.17 | 12.39 | 11.31 | 12.03 | 11.87 | 12.32 | 12.44 | 11.83 | 12.27 | 12.14 | 10.98 | 10.62 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Equity / assets | 90.4% | 91.3% | 90.4% | 90.8% | 90.7% | 91.0% | 91.2% | 91.1% | 91.2% | 91.2% | 90.2% | 89.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 6, 2026); data from EODHD.
RDDT financial position
At the end of fiscal 2025 (December 31, 2025), Reddit had total assets of $3.2 billion (up 38.6% from a year earlier), total liabilities of $310.1 million and shareholders' equity of $2.9 billion. It held $2.5 billion in cash and short-term investments against $23.2 million of debt, a net cash position of $2.5 billion. Its current ratio was 11.56. In the latest quarter (ended June 30, 2026) total assets were $3.6 billion and equity $3.3 billion.
Related: RDDT income statement, RDDT cash flow statement, RDDT key metrics. See the RDDT stock overview for the latest quote and news.
RDDT balance sheet FAQ
What are Reddit's total assets?
Reddit reported total assets of $3.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.3 billion a year earlier.
How much debt does Reddit have?
Reddit had $23.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Reddit have?
Reddit held $2.5 billion in cash and short-term investments at the end of fiscal 2025; with $23.2 million of debt that is net cash of $2.5 billion.
What is Reddit's book value?
Reddit's shareholders' equity (book value) was $2.9 billion at the end of fiscal 2025, or $14.49 per share.
What is Reddit's current ratio?
Reddit had current assets of $3.1 billion and current liabilities of $271.3 million, a current ratio of 11.56 (it can cover its short-term obligations).
How much goodwill does Reddit have?
Reddit carried $57.7 million of goodwill and intangible assets, 1.8% of total assets, at the end of fiscal 2025.